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CURRENT PROBLEM OF MONEY LAUNDERING

HEARINGS

BEFORE THE

SUBCOMMITTEE ON CRIME

OF THE

COMMITTEE ON THE JUDICIARY
HOUSE OF REPRESENTATIVES

NINETY-NINTH CONGRESS

FIRST SESSION

ON

CURRENT PROBLEM OF MONEY LAUNDERING

APRIL 16, JUNE 13, JULY 24, AND SEPTEMBER 12, 1985

Serial No. 109

Printed for the use of the Committee on the Judiciary

U.S. GOVERNMENT PRINTING OFFICE

65-227 0

WASHINGTON : 1987

For sale by the Superintendent of Documents, Congressional Sales Office

U.S. Government Printing Office, Washington, DC 20402

COMMITTEE ON THE JUDICIARY

PETER W. RODINO, JR., New Jersey, Chairman JACK BROOKS, Texas

HAMILTON FISH, JR., New York ROBERT W. KASTENMEIER, Wisconsin CARLOS J. MOORHEAD, California DON EDWARDS, California

HENRY J. HYDE, Illinois JOHN CONYERS, JR., Michigan

THOMAS N. KINDNESS, Ohio JOHN F. SEIBERLING, Ohio

DAN LUNGREN, California ROMANO L. MAZZOLI, Kentucky

F. JAMES SENSENBRENNER, JR., WILLIAM J. HUGHES, New Jersey

Wisconsin MIKE SYNAR, Oklahoma

BILL MCCOLLUM, Florida PATRICIA SCHROEDER, Colorado

E. CLAY SHAW, JR., Florida DAN GLICKMAN, Kansas

GEORGE W. GEKAS, Pennsylvania BARNEY FRANK, Massachusetts

MICHAEL DeWINE, Ohio GEO. W. CROCKETT, JR., Michigan

WILLIAM E. DANNEMEYER, California CHARLES E. SCHUMER, New York

HANK BROWN, Colorado BRUCE A. MORRISON, Connecticut

PATRICK L. SWINDALL, Georgia
EDWARD F. FEIGHAN, Ohio

HOWARD COBLE, North Carolina
LAWRENCE J. SMITH, Florida
HOWARD L. BERMAN, California
RICK BOUCHER, Virginia
HARLEY O. STAGGERS, JR., West Virginia

M. ELAINE MIELKE, General Counsel

GARNER J. CLINE, Staff Director
ALAN F. COFFEY, Jr., Associate Counsel

SUBCOMMITTEE ON CRIME

WILLIAM J. HUGHES, New Jersey, Chairman ROMANO L. MAZZOLI, Kentucky

BILL McCOLLUM, Florida BRUCE A. MORRISON, Connecticut

DAN LUNGREN, California EDWARD F. FEIGHAN, Ohio

E. CLAY SHAW, JR., Florida LAWRENCE J. SMITH, Florida

GEORGE W. GEKAS, Pennsylvania HARLEY O. STAGGERS, JR., West Virginia

HAYDEN W. GREGORY, Counsel

ERIC E. STERLING, Assistant Counsel
CHARLENE VANLIER HEYDINGER, Associate Counsel

LINDA HALL, Editor

CONTENTS

HEARINGS HELD

Page

WITNESSES

John M. Walker, Jr., Assistant Secretary (Enforcement and Operations), U.S.

Department of the Treasury; accompanied by Selig S. Merber, Assistant

General Counsel

Statement of John M. Walker, Jr...

C.T. Conover, Comptroller of the Currency of the U.S. Treasury Department;

accompanied by Robert Serino, Deputy Chief, Comptroller's Office....

Statement of C.T. Conover

Statement of Robert J. Perry, attorney at law

“Mario,” a convicted money launderer; accompanied by Fred Meyers, Internal

Revenue Service agent, and William Velasco, U.S. Customs agent, Miami,

FL.

Kenneth F.S. Albers, chairman, National Council of Savings Institutions; and

Boris F. Melnikoff, group vice president and corporate director, Special

Services Division, First Atlantic Corp., on behalf of the American Bankers

Association.....

Statement of Kenneth F.S. Albers.

Statement of Boris F. Melnikoff...

Jay B. Stephens, Associate Deputy Attorney General, U.S. Department of

Justice; John M. Walker, Jr., Assistant Secretary (Enforcement and Oper-

ations), U.S. Treasury Department; and James D. Harmon, Jr., executive

director and chief counsel, President's Commission on Organized Crime

Statement of Jay B. Stephens.........

Statement of John M. Walker, Jr.....

Statement of James D. Harmon, Jr

Bonni G. Tischler, Director, Financial Investigations Division, U.S. Customs

Service, accompanied by Steven Basha......

Bernard S. Bailor, Esq., Čaplin & Drysdale, Washington, DC, and chairman,

Subcommittee on Money Laundering, White Collar Crime Committee,

Criminal Justice Section, American Bar Association

Statement of Bernard S. Bailor .........

Jerry J. Berman, chief legislative counsel, the American Civil Liberties

Union; accompanied by Ronald L. Plesser, Esq., Blum, Nash & Railsback,

Washington, DC..

Statement of Jerry J. Berman...

John K. Van de Kamp, attorney general, State of California, on behalf of the

National Association of Attorneys General; accompanied by Gary W.

Schons, deputy attorney general.

Statement of John K. Van de Kamp....

Neal Sonnett, third

vice president, National Association of Criminal Defense

Lawyers, Miami, FL.....

Statement of Neal Sonnett...

Richard J. Arcara, district attorney, Erie County, Buffalo, NY; on behalf of

the National District Attorneys Association

Statement of Richard J. Arcara ...

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