Anti-Money Laundering Lawmakers Say Bush Government Reaction Favourable


WASHINGTON -- Supporters of a bipartisan anti-money laundering bill in the US Senate said they have had a positive reaction to the measure from President George Bush’s administration, deemed by some critics to be too sympathetic to banker’s fears that such laws impose unfair costs on banks.

They were commenting on remarks by US attorney general John Ashcroft, who said in early August that US anti-money laundering laws needed updating to close loopholes, target bulk cash smuggling and combat

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