NCJ Number
84195
Date Published
1981
Length
153 pages
Annotation
Testimony by Florida executive and law enforcement officials and representatives of various Federal law enforcement agencies focuses on the effectiveness of existing legislation that gives Federal investigators the ability to identify, seize, and forfeit the profits and assets of narcotics traffickers.
Abstract
The hearings were conducted in Florida because of the impact that the expanded trafficking in drugs and associated crime is having on Florida's social and economic life. The Bank Secrecy Act is paramount among the tools of existing legislation that enables Federal investigators to trace the money gained from drug trafficking. Testimony examines the act's effectiveness, the impediments to its more fruitful implementation, and areas where the act can be improved. Suggestions are also offered for legislation that will enhance the arsenal of legislative tools that will facilitate the undermining of the vast amounts of wealth that sustain drug trafficking. Testimony also focuses on how narcotics profits are being laundered, just where the funds originate, and who controls the laundered cash. Particular attention is given to ways in which Florida law enforcement officials and the various Federal agencies involved in drug law enforcement can cooperate to improve countermeasures against drug trafficking. Written statements are included along with the record of questions and answers given in testimony.