The Nation - News from Oct. 30, 1985
The Justice Department asked Congress to make money laundering a crime, but the American Civil Liberties Union said the Administration’s bill is a “serious threat” to civil liberties. Assistant Atty. Gen. Stephen Trott told a Senate Judiciary subcommittee that the Bank Secrecy Act, which requires banks to report cash transactions of more than $10,000, is not enough to combat money laundering--a growing problem for prosecutors trying to crack down on drug smuggling.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
