AMERICA'S REPUBLICAN PARTY IS BLOCKING CRITICAL ANTI-MONEY LAUNDERING LEGISLATION IN CONGRESS, DUE TO FINANCIAL SUPPORT FROM AMERICAN BAR ASSOCIATION AND OTHER SPECIAL FINANCIAL INTERESTS

Long before 9/11, this blogger was privileged to testify publicly three times, before committees of the U.S. Congress, supporting several pending effective anti-money laundering bills. None of the five bills I supported with my testimony ever became law, largely because of the financial support given by America's banking lobby, including but not limited to our most greedy banker, SIR ALLEN STANFORD, knighted by avaricious government leaders in Antigua & Barbuda, who wanted their offshore jurisdiction to keep raking in that Ponzi scheme money. As the direct result of the efforts of the banking lobby, who wanted to avoid new reporting requirements, the funding for the 9/11 hijackers went unnoticed.

Now, history may be repeating itself; Republicans in the United States Senate are blocking the progress of the ENABLERS ACT, which would require attorneys, financial consultants and other who handle large cash payments from abroad to perform adequate disuse diligence on their new clients before allowing them to access the US financial structure with their professional advice, including the use of shell companies to place the funds.

Two particular Senators are reportedly blocking the legislation, which is opposed by the AMERICAN BAR ASSOCIATION, whose leadership claims the reporting requirements would pose a problem for their attorney members, and also be a breach of the attorney-client privilege, which confers confidentiality upon their relationship with their clients. For the benefit of the non-lawyers in the audience, the crime or fraud exception to the privilege is the appropriate response to their objection, which has no legal merit; I should know, being a former lawyer with a decade of criminal experience.

If the United States cannot rein in its attorneys, we will continue to lose the War on Money Laundering; it's high time to out the Senators who are taking millions from the Special Interests, and blocking effective legislation that would stop dirty money from entering the American financial structure, through its attorneys and financial professionals.