Cordially Invites You To a Luncheon Seminar
*** 628 Senate Dirksen Office Building ***
THE ECONOMICS OF FINANCIAL
REGULATION, ANTI-MONEY LAUNDERING
LAWS, FINANCIAL CRIME, AND
THE WAR ON TERROR
Ely & Company, Inc.
Center for Global Economic Growth
The Heritage Foundation
Center for Freedom and Prosperity Foundation
Anti-money laundering laws require financial institutions to monitor and report on all their customers, particularly for large transactions or
"unusual" transactions. These requirements result in nearly 15 million reports each year and cost the U.S. economy $7 billion annually according
to the Institute for International Economics, yet there is no evidence that these laws have hindered criminal activity or terrorism. Is it time for a new
approach? Critics complain that anti-money laundering laws reduce the competitiveness of U.S. financial institutions, compromise civil liberties, and represent an inefficient allocation of law enforcement resources.
What is the best way to reform and improve anti-money laundering laws? Panelists will discuss this important question at the May 10 forum.
Wednesday, May 10, 2006
12:00 noon-1:45 p.m.
Lunch will be provided
RSVP to Andy at 202-285-0244 or firstname.lastname@example.org
Room 628 Senate Dirksen Office Building
The Senate Dirksen Office Building is located Northeast of the Capitol, adjoining the Hart Senate Office Building on a site bounded by Constitution Avenue, Second
Street, First Street, and C Street, N.E.