FOR IMMEDIATE RELEASE

DAG

TUESDAY, JANUARY 16, 2001

(202) 514-2007

WWW.USDOJ.GOV

TDD (202) 514-1888

STATEMENT BY THE DEPUTY ATTORNEY GENERAL

ON GUIDANCE ISSUED TODAY REGARDING MONEY LAUNDERING

WASHINGTON, D.C. - Deputy Attorney General Eric H. Holder, Jr., made the following statement in response to today's issuance of the "Guidance on Enhanced Scrutiny for Transactions That May Involve the Proceeds of Foreign Official Corruption." The guidance is available at the Department of Treasury's website at: www.treas.gov

"The Justice Department welcomes the guidance issued today by the Departments of Treasury and State and the bank regulators urging U.S. financial institutions to apply enhanced scrutiny to transactions that may involve the proceeds of foreign official corruption. This guidance, once implemented by U.S. financial institutions, should help U.S. law enforcement better confront this important issue."

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