Re: Cato forum tomorrow: should money laundering be a crime?

[Steve Schear <schear@lvdi.net>]

>Friday Noon. MONEY LAUNDERING - The Cato Institute holds a policy forum,
>"Should Money Laundering Be a Crime," with Lawrence Lindsey, AEI and
>former governor, Federal Reserve; Stephen Kroll, Treasury Department, and
>Richard Rahn, president, Novecon Corp.
>	Location: Cato Institute, F.A. Hayek Auditorium, 1000
>Massachusetts Ave. NW.
>	Contact: RSVP, James Markels, 202-789-5256.

I wish I had found out about this earlier.  Are you planning to attend?  

This topic, of course, is near the top of many libertarian e-commerce agendas.  Almost every mainstream news article and regulatory report repeats the littany that Money Laundering, that is the movement of money to disguise it origin (even if there are no predicate offenses) must remain illegal because it damages or is a threat to the world banking and financial system (not just the tax take of governments), but I have yet to see any explanation of how and why.  Anyone care to comment?

--Steve


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