CURRENT PROBLEM OF MONEY LAUNDERING HEARINGS BEFORE THE SUBCOMMITTEE ON CRIME OF THE COMMITTEE ON THE JUDICIARY NINETY-NINTH CONGRESS FIRST SESSION ON CURRENT PROBLEM OF MONEY LAUNDERING APRIL 16, JUNE 13, JULY 24, AND SEPTEMBER 12, 1985 Serial No. 109 Printed for the use of the Committee on the Judiciary For sale by the Superintendent of Documents, Congressional Sales Office COMMITTEE ON THE JUDICIARY PETER W. RODINO, JR., New Jersey, Chairman JACK BROOKS, Texas BARNEY FRANK, Massachusetts HARLEY O. STAGGERS, JR., West Virginia HAMILTON FISH, JR., New York F. JAMES SENSENBRENNER, JR., BILL MCCOLLUM, Florida WILLIAM E. DANNEMEYER, California PATRICK L. SWINDALL, Georgia John M. Walker, Jr., Assistant Secretary (Enforcement and Operations), U.S. Statement of John M. Walker, Jr.. C.T. Conover, Comptroller of the Currency of the U.S. Treasury Department; Statement of Robert J. Perry, attorney at law "Mario," a convicted money launderer; accompanied by Fred Meyers, Internal Revenue Service agent, and William Velasco, U.S. Customs agent, Miami, Kenneth F.S. Albers, chairman, National Council of Savings Institutions; and Boris F. Melnikoff, group vice president and corporate director, Special Services Division, First Atlantic Corp., on behalf of the American Bankers Jay B. Stephens, Associate Deputy Attorney General, U.S. Department of Justice; John M. Walker, Jr., Assistant Secretary (Enforcement and Oper- ations), U.S. Treasury Department; and James D. Harmon, Jr., executive director and chief counsel, President's Commission on Organized Crime Bernard S. Bailor, Esq., Caplin & Drysdale, Washington, DC, and chairman, Subcommittee on Money Laundering, White Collar Crime Committee, Jerry J. Berman, chief legislative counsel, the American Civil Liberties Union; accompanied by Ronald L. Plesser, Esq., Blum, Nash & Railsback, John K. Van de Kamp, attorney general, State of California, on behalf of the National Association of Attorneys General; accompanied by Gary W. |