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Re: Int'l Money Laundering, Part the Second

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.
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