Re: Int'l Money Laundering, Part the Second

["James A. Donald" <jamesd@echeque.com>]

At 07:31 PM 10/10/95 -0800, Douglas Barnes wrote:
> When you combine these elements, you get a strategy that
> permits the US government to confiscate worldwide correspondent
> accounts of banks, even if they don't have a US presence.

This is doubtless one of the reasons why the US$ is rapidly losing 
its place as the preferred currency for international transactions.

>  acceptance of US-dollar negotiable instruments by a bank anywhere
>  in the world outside of the US renders the bank susceptible
>  to US criminal jurisdiction in the money laundering field.
 ---------------------------------------------------------------------
              				|  
We have the right to defend ourselves	|   http://www.jim.com/jamesd/
and our property, because of the kind	|  
of animals that we are. True law	|   James A. Donald
derives from this right, not from the	|  
arbitrary power of the state.		|   jamesd@echeque.com