1.   Federal money laundering statutes make it a crime to knowingly help criminals hide earnings from such activities as drug trafficking or bribery.

2.   Last year the Clinton administration introduced legislation that would have broadened money laundering statutes to cover bank transactions involving money that come from official corruption.

3.   The report also says that the office rarely seeks to have serious monetary penalties imposed on banks for failing to comply with anti-money laundering statutes.

4.   He also said congress has failed to pass tough anti-money laundering statutes, and legislation that would authorize wire-tapping on suspected drug traffickers.