-Caveat Lector- "Stamping Out the Bad Guys" eWEEK (06/18/01) Vol. 18, No. 24, P. 53; Moad, Jeff The U.S. Postal Service (USPS) implemented the first phase of its Compliance Monitoring and Anti-Money Laundering System in June 2000, which has cost the organization about $5 million and three years to develop. The system collects data on suspicious or large money order transactions, which are then cross-referenced with accounts monitored by financial institutions. According to the U.S. Department of the Treasury, about $170 million is laundered through post offices across the nation each year via a "layering" system, which criminals use to break up illegal funds into smaller amounts, convert into money orders, and then deposit into bank accounts without arousing suspicion. The new system took an inordinate amount of time to develop due to changes in regulations, which are expected to change again in 2001, and the establishment of employee training programs. (www.eweek.com) <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
