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Article: Treasury units gang up to fight dirty money. (Treasury Department, Office of Financial Enforcement, Financial Crimes Enforcement Network, money laundering)
- Article from:
- American Banker
- Article date:
- May 26, 1994
- Author:
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- The way Ron Noble sees it, stopping the flow of drug money is like filling rat holes.
"If you don't plug up all the rat holes, there's a way for the money launderers to get through," said the assistant secretary for enforcement at the Treasury Department.
In an effort to stem the flow of dirty money into the nation's financial system, Treasury formed a new alliance last week between the Office of Financial Enforcement and the Financial Crimes Enforcement Network, or Fincen.
Mr. Noble announced the partnership at the International Money Laundering Conference sponsored by Alert Publications Partners. He also named Stan Morris, his former chief of staff, as ...