U.S. Allows Export of U.S. Software to Countries with Acceptable Laundering Laws

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Saturday, August 1, 1998

Author:

Bruce Zagaris

Volume:

14

Issue:

8

333-334

Abstract:

On July 7, 1998, the Clinton Administration in a speech by William M. Daley, U.S. Secretary of Commerce, announced that it would for the first time permit the export of strong data-scrambling software without any promises of back-door access for law enforcement, but only for banks and financial institutions in forty-five countries that have acceptable anti-money laundering laws... [more]