Notable Quote

"Banks have been sensitized for the most part to potential drug-laundering problems and have generally been very aggressive about installing procedures and compliance programs to avoid money laundering schemes. Small banks and thrifts are probably more susceptible to such crimes than bigger institutions, lawyers and experts said: They have fewer resources and less training in detection, and their corporate structures are leaner, limiting oversight."

American Banker, June 12, 1996

Copyright © 1996 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 8, 6/96