"Check 'Em At The Door!" US Lawmakers Want Better Vetting Of Money Launderers After Citigroup Findings

- By Risk Staff
- 01 Dec 2000

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Washington -- "Banks must check these people as they come through the door and not wait for problems to arise before discovering they're money launderers."

So says a spokesman for US senator Carl Levin, initiator of yet another investigation into money laundering activities. The report by the US General Accounting Office (GAO) concluded in late November that an unknown number of Russians and other East Europeans had moved more than $800 million of suspect funds through 136 accounts with Citibank

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