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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

Featuring
Bert Ely
Ely & Company, Inc.

Richard Rahn
Center for Global Economic Growth

Daniel Mitchell
The Heritage Foundation

Moderator:
Andrew Quinlan
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 rsvp@freedomandprosperity.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.

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