At 08:32 AM 3/2/00 -0800, Eric Cordian wrote:
>NEW YORK (AP) -- The Clinton administration intends to ask Congress for
>new power to combat money laundering, including the authority to ban
>financial transactions between U.S. institutions and offshore financial
>centers, The New York Times reported today.
My understanding is that financial privacy is openly viewed as a
competitive aspect of banking and that the U.S., in signing the GATT
treaty, agreed not to favor one's domestic business and industries over
those of some or all countries based on competition.
--Steve
