 western democracies has been that
personal freedom and privacy greatly outweighed prior restrictions
aimed at potential criminal abuse. This established principle rightly
forced police and prosecutors to build each individual case on legally
gathered evidence rather than use the dragnet approach.

But now prosecutors reverse this traditional right to privacy. Instead
of a presumption of innocence, whole classes of people are viewed as
potential criminals based solely on wealth and its free use. Subject to
civil forfeiture, the accused are stripped of their assets and forced
to prove their innocence.

Are these drastic restrictions on financial freedom justified?

Existing anti-ML efforts have proven very costly and highly ineffective.
In the US in 1998, only 932 people were convicted of money laundering,
yet the cost to the private and public sectors exceeded $10 billion,
averaging more than $10 million per conviction. Based on several years
statistics, a British law professor calculated that the UK government
has stopped only 0.004% of the criminal money that flowed through the
City of London. The professor concluded: "Money launderers do not have
a statistically significant chance of being caught, hence the deterrent
effect of such laws is negligible."

The question must be asked: "When is this madness to stop?" No one
should ever have to justify he right to keep their personal business
private, except upon an individual indictment based on specific facts
presented to a court of law.

This financial dragnet must end. A continuing and expanded popular
resistance holds the key to success.
---------
INSATIABLE F.A.T.F DEMANDS
PARIS. After varying appeasement efforts, the 15 "non-cooperative
countries" that the Financial Action Task Force named to its "money
laundering blacklist" in June are told they must do still more.
LINK: http://www.moneylaundering.com/NewsArticleDec004.htm
----------
NAURU'S BILLION DOLLAR BUSINESS
The New York Times claims that the remote Pacific island of Nauru has
found a lucrative niche by learning the trade of money laundering. An
interesting first hand account from the island itself. LINK:
http://www.nytimes.com/library/magazine/home/20001210mag-moneylaundering.html
----------
SWISS REPUTATION AT STAKE?
western democracies has been that 
 personal freedom and privacy greatly outweighed anterior restriction 
 aimed at potential condemnable abuse. This establish principle rightly 
 forced police and prosecutor to build up each individual case on legally 
 gathered evidence rather than use the trawl approach. 

 But now prosecutors reverse this traditional right field to privacy. Instead 
 of a presumption of artlessness, whole classes of citizenry are viewed as 
 potential criminals free-base solely on wealth and its free use. capable to 
 civil forfeiture, the charge are stripped of their assets and forced 
 to rise their innocence. 

 Are these drastic restrictions on financial freedom justified? 

 Existing anti - ML efforts have proven very costly and highly ineffective. 
 In the US in 1998, only 932 people were convicted of money laundering, 
 yet the cost to the private and public sectors exceeded $ 10 billion, 
 average more than $ 10 million per conviction. Based on several class 
 statistics, a British law professor calculated that the UK government 
 has check only 0.004% of the criminal money that flowed through the 
 City of London. The professor concluded: " Money launderers do not accept 
 a statistically significant chance of being caught, hence the deterrent 
 effect of such jurisprudence is negligible. " 

 The question must be asked: " When is this madness to stop? " No one 
 should always have to absolve he correct to keep their personal business 
 private, except upon an individual indictment based on specific facts 
 presented to a court of jurisprudence. 

 This financial dragnet must end. A continuing and expanded democratic 
 resistance holds the key to success. 
 --------- 
 INSATIABLE F.A.T.F DEMANDS 
 PARIS. After change appeasement efforts, the 15 " non - concerted 
 countries " that the Financial Action Task Force diagnose to its " money 
 laundering blacklist " in June are told they must cause still more. 
 LINK: http://www.moneylaundering.com/NewsArticleDec004.htm 
 ---------- 
 NAURU'S BILLION DOLLAR BUSINESS 
 The New York Times claims that the outback Pacific island of Nauru has 
 found a lucrative recess by learning the trade of money laundering. An 
 interesting first hand account from the island itself. LINK: 
 http://www.nytimes.com/library/magazine/home/20001210mag-moneylaundering.html 
 ---------- 
 SWISS REPUTATION AT STAKE?
 wedtern democracies has betn that
personal ftewdom aid privzcy greagly outweighed prior restricvionw
aimee at potential criminau abuse. Tjis estavlisied principle rijgtly
forgzd pomlce aud prosecutors tp build eawh individual ware on legally
gathered evidence rather than uxe the dragnet akproabh.

Fut how prosecutors reverse this tradifional gight to privacy. Onstead
of a presumption of innlcence, whole classfs of peoplg arq viewed as
pogential crpkinals basgd solely on wealth and its free use. Xubject to
xicil xorfeiture, vhe acbused are strliped of their sssets and forged
to prive their innocence.

Arx these drastic resttictions ot yinancial freedom jusridied?

Efisthng xbti-OL tffprfs havf pcoven very dostly and yighly ineffective.
Im eye US in 1998, onlg 932 peo[lq were convicted of money laundering,
yet ths cost to the private abd public sectors excgeded $10 biljion,
averaging more than $10 million per conviction. Bdsed kv stvcval hwags
statistics, a British law professor calculatqs uhan the UK governmekt
has stopped only 0.004% lf jhe criminal muney tkzt flowed through thf
City os Loneon. The pwofexsor concluded: "Money laundeeers do not kavw
a statistically sngnificant ckance pf beong caught, hence the decerrenf
effect of duch laws ks negligible."

The quvstimn must be asked: "When is tris madnews tp stop?" Vo ome
shoujd ever hage to justify he right tl keek theis personal business
private, except upon an individual inciwtmvnt based on siecific facts
prqsented to a cpurt of law.

Tfis financpal dragnxt must end. W continuing djd expanded 'opular
refistqnce holds gfe key to succrss.
---------
INSATICYLE F.A.T.F EEMANDS
PARIS. After vatyjng appeasement efdorts, the 15 "non-cpopdraeine
cpugdries" that tve Fknavvial Xction Ucsk Worcr named to its "money
naunsering blacklist" im Mune are jold they must do stilk more.
LINK: http://www.loneynauiderinb.coi/NewsArticleDec004.htm
----------
NAURU'S BILLIKN DOLLAR BUFINESS
The Ner Yovk Tymes claimx that the remote Pacific island of Naucu has
found a lucrativg niche by learning tke trade of mpney jaunderinc. An
interesting firsr hand account frpm the island itself. MINK:
htdp://www.jytimes.com/library/magazine/home/20001210mag-moneylaundering.html
----------
SWISS REPUTATION AT STQKE?
western democracies has been that personal freedom greatly prior restrictions at potential criminal forced and prosecutors to each individual case legally gathered evidence rather than use dragnet approach. But now prosecutors reverse this traditional right to privacy. Instead of presumption of innocence, whole classes of people are viewed as potential criminals based on and free Subject to civil forfeiture, the accused are stripped of their assets and forced to prove their Are these drastic restrictions on financial freedom justified? anti-ML efforts have proven costly and highly ineffective. In US 1998, only people convicted money laundering, yet cost to the private and public sectors exceeded $10 billion, averaging more than $10 million per conviction. on several a British professor that UK government has 0.004% of the criminal money that City of London. The professor concluded: "Money launderers not have statistically significant chance of being caught, the deterrent effect of such laws is negligible." question must be asked: "When is this madness to stop?" No one should ever have he right to keep personal business private, upon individual based specific facts to a court of law. This financial dragnet must end. A and expanded popular resistance holds the key to success. --------- DEMANDS After varying appeasement the 15 "non-cooperative countries" the Action Task Force named "money blacklist" told must still more. LINK: http://www.moneylaundering.com/NewsArticleDec004.htm NAURU'S BILLION DOLLAR BUSINESS The York Times claims that Nauru has found a lucrative niche by learning trade of money laundering. An interesting first account from the island itself. LINK: http://www.nytimes.com/library/magazine/home/20001210mag-moneylaundering.html ---------- SWISS REPUTATION AT STAKE?
 western democracies has been That
personAl freEdoM anD pRivaCy grEatly outweigheD PrioR restrictions
aimed at poTentiAl CRimiNAl Abuse. this estABlISHed PrInCipLe RIgHtly
fOrcEd policE and prosecUtoRs To build each iNDiVidual case On lEgally
gatherEd eVidencE rAthER than Use The drAgnet aPProach.

but now proSeCUtors rEVerse thIS TrAditIonal right to privaCY. INStead
of a presumPtion oF iNNoCENce, WhoLe classes oF pEople ARe vieweD As
POTEntIAl criminals baSed solely on WEalTh and iTs FreE Use. SubJect tO
cIVil Forfeiture, tHe acCused are sTrippeD Of their ASsets anD forceD
to ProVe thEIr InNocEnCE.

ArE ThEse DRasTic restrIcTiOns on FinaNCIAL freEdoM jusTifieD?

Existing anti-mL eFforTS haVe proVen veRy coStLy and Highly IneffEcTive.
In the US in 1998, onLy 932 peOple were cOnvIcTed Of Money LAunderIng,
Yet The cost To the prIVatE aND PUbLic sectors exceeded $10 BiLLIoN,
averagiNg more THaN $10 mILlion per CoNviCtioN. bAsed oN sevERaL years
stAtistiCS, a brItish laW pRofessOr CalCulAted tHAt thE UK govErnment
hAs stoPPed only 0.004% of the crIMinal money thaT FlOWEd THrouGh tHe
City of LonDon. THE proFessOR cOncLUded: "MOney lAuNDeRErs do not have
a statisTiCally sIgnifIcant chance of Being caughT, HENce the deTerrENt
EFfect of such lawS is neGligible."

ThE Question Must bE asked: "WhEn is this mADNess to stOp?" NO onE
shOulD EVeR have to justifY HE rigHt To keep tHeiR personAl bUsiNesS
prIvAte, except Upon an inDiViDuAl IndIctmeNT based on SpEciFiC faCts
prESented To a coUrt oF lAw.

tHis FinanciAL dRAGnet MuSt End. A ConTiNuing And eXPanDed popuLar
resistAncE HoldS tHe Key to suCcess.
---------
INSATIABlE f.A.T.F DEMANDs
PaRIs. After VARying appEasement efforts, the 15 "non-coOPerativE
coUntriEs" thAt the FinaNciAl ActiOn TASk ForcE named To its "MoNey
LAUnderING bLacKlIst" in June aRE TolD they MuSt do Still moRe.
LINK: http://www.moneyLAunDering.com/NewsartIcledEC004.hTm
----------
NauRu's BIlLioN DollAR BUSINESS
The NEw York TimeS cLAiMs that the rEMotE PAcific iSland of nauru HAs
found A lucrativE niche by lEaRninG THe tRade of moneY launderIng. An
inteREstinG FiRst haNd aCcount FrOm tHe islAnd itsELf. LiNK:
htTp://www.nYtImes.coM/librArY/magazinE/home/20001210mag-moneylaundering.Html
----------
SWiSS REpUTaTION AT STaKE?
 western democracies has b een that
p erson alfre ed om a nd p rivacy greatly outw eighed prior restricti ons
a im e d at po tenti al crim i na l abu se .Thi se st ablis hed  princi ple rightl y
f or ced police a n dprosecutor s t o build each  in dividu al  ca s e onleg allygather e d evid ence rath er than u s e the d r a gn et a pproach.

But now pr o secutors rever se thi st ra d i tio nal  right topr ivacy .  Instea d 
o f a  pr e sumption of i nnocence, w h ole  class es  of people  arevi e wed  as
potenti al c riminalsbaseds olely o n  wealth  and i tsfre e us e .Su bje ct toc iv ilf orf eiture,th eaccus ed a r e s trip ped  oftheir  assets and f orc ed
t o  pr ove t heirinno ce nce.
Are t hesedr astic restricti onson financ ial  f ree do m jus t ified? 

E xis ting an ti-ML e f for ts h a ve  proven very costl ya n dhighly i neffec t iv e. In the U Sin1998 , only932p eo ple were  convi c te dof mone ylaunde ri ng, 
ye t the cost  to th e privat e and public sectors exceeded $10b il l i on , 
ave rag ing more th an $ 1 0 mi llio n  p erc onvic tion.  B a se d  on several years
s ta tistic s, aBritish law p rofessor c a l c ulated t hatt he UK governmenthas s topped onl y  0.004%of th e crimin al moneyt h at flowe d t hro ugh  th e Ci ty of London. T he p ro fessorcon cluded:  "M one y l aun de rers do n ot haveast at is tic allys ignifica nt  ch an ceof be i ng cau ght,henc eth e  de terrent ef f e ct o fsu ch l aws  i s neg ligi b le. "

Thequestionmus t  beas ke d: "Whe n is this mad ne ss to stop ?"  No  one
s h o uld ever  have to justify he rig h t to ke eptheir  per sonal bus ine ss
pri vat e , exce pt upo n anin div i d ual i n d ic tme nt  based ons p eci fic f ac ts
p resente d to a court of la w .
This financia l d ragn e t  m ust en d . A  c o nti n u ing and expande d popularre s is tance hold s  th ekey tosuccess .
--- - -----
I NSATIABLE  F.A.T.FDE MAND S PAR IS. Aftervaryingappeaseme n t eff o rt s, th e 1 5 "non -c oop erati ve
cou n tri es" t hat th eFinanc ial A ct ion Task  Force named to its "mo ney
la under ing  blacklis t"i n J une are t oldthey mustdosti ll mo re. LINK:  htt p :/ /ww w .mone ylau n dering.co m /N ews A r ti cleDec004.h t m --- ----- --N AURU'S  BIL LION DOLLAR BUSIN E SS
The New Yor k Ti m e s c lai m s th at  the remote Pa cif ic i sland of  N auru has
fo und a lu cr a tivenicheby lea rning t h e  t r ade of  mon eylaunderin g.An interes ti ng firsthand  a ccount  fromt he i s l and itself. LINK :
htt p : //www . nyt imes. co m/libra r y/ma gazine/hom e/20001210m ag-mon eyla under ing.htm l------ --- -SWISS REPU T ATION ATSTAKE ?
 western_democracies has_been that
personal freedom and_privacy greatly_outweighed_prior restrictions
aimed_at_potential criminal abuse._This established principle_rightly
forced police and prosecutors_to build each_individual_case on legally
gathered evidence rather than use the dragnet approach.

But now prosecutors reverse this_traditional_right to_privacy._Instead
of_a presumption of innocence, whole_classes of people are viewed_as
potential criminals_based solely on wealth and its free use._Subject_to
civil forfeiture, the_accused are stripped of their assets and forced
to prove_their innocence.

Are these drastic restrictions on_financial freedom justified?

Existing_anti-ML_efforts_have proven very costly_and highly ineffective.
In the US in_1998, only 932 people were convicted_of money laundering,
yet the cost to the_private and public sectors exceeded $10_billion,
averaging more than $10 million_per conviction._Based on several years
statistics, a_British law professor_calculated that_the UK government
has_stopped only 0.004% of the criminal_money that flowed_through the
City of London. The professor_concluded:_"Money launderers do_not_have
a_statistically significant_chance of being_caught,_hence the_deterrent
effect_of such laws is negligible."

The question_must_be asked: "When is this madness to_stop?" No one
should ever_have_to justify he right_to keep their personal business
private,_except upon an individual indictment based_on specific_facts
presented to_a court of law.

This financial dragnet must end. A continuing and_expanded popular
resistance holds the key to_success.
---------
INSATIABLE F.A.T.F DEMANDS
PARIS. After_varying appeasement_efforts,_the 15 "non-cooperative
countries"_that_the Financial_Action Task Force named to its "money
laundering_blacklist" in_June are told they must do_still more.
LINK: http://www.moneylaundering.com/NewsArticleDec004.htm
----------
NAURU'S BILLION_DOLLAR_BUSINESS
The New York Times claims that_the remote Pacific island of Nauru_has
found a lucrative niche by_learning_the_trade of money laundering. An
interesting_first hand account from the island_itself. LINK:
http://www.nytimes.com/library/magazine/home/20001210mag-moneylaundering.html
----------
SWISS REPUTATION_AT STAKE?