Word: money
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Dates: during 1980-1989
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...federal banking commission announced that it will introduce stiff regulations on bank-note trading to prevent drug traffickers and other criminals from using the country's famed secret bank accounts. The commission also published a 28-page report that faulted Credit Suisse, which handled the bulk of the money in the billion- dollar scheme, for inadequately supervising its accounts...
...Money laundering is not a crime in Switzerland unless it can be shown that the cash flows from criminal activities. Yet Switzerland is a magnet for money launderers because of its legitimate multibillion-dollar trade in foreign bank notes. As much as 3,000 lbs. of foreign currency arrives daily at Zurich's Kloten airport. Much of the cash represents earnings from tourism, which each country's banks exchange for local currency. Swiss authorities are investigating charges that Lebanese currency dealer Barkev Magharian, 35, and his brother Jean, 44, both of whom are now in custody, took advantage of that...
...report last year on the money-laundering affair, Swiss Federal Prosecutor Dick Marty mentioned the Zurich currency-dealing firm Sharkarchi Trading. The company denies any involvement in money laundering. Shortly before publication of the prosecutor's report, Hans Kopp, a prominent Zurich lawyer and husband of Justice Minister Elisabeth Kopp, resigned his positions as a director and vice chairman of Sharkarchi. Mrs. Kopp later resigned after admitting that she had warned her husband of the impending scandal. A criminal probe will determine whether she violated official strictures of secrecy...
...losing the technological edge represented by the plane's so-called source codes, which coordinate its electronic features. The doubters were joined by Secretary of Commerce Robert Mosbacher, who says he wanted to ensure that "this aviation technology, which has taken so many years of blood, sweat, tears and money to develop, did not instantly allow our biggest competitor to catch right up." After hearing the objections, Bush decided to reopen the agreement and press Japan for safeguards, including a clearer understanding of what the U.S. would gain from the project and the technological secrets it could withhold from...
Then there is the agenda-setting Hollywood elite and its preoccupation with national affairs. Ronald Brownstein, who is writing a book about Hollywood and politics, says most political money for Democrats comes from California and about two-thirds of that bankroll comes from Los Angeles. "Stars, though, don't want to slum with the locals," says Brownstein. "They are at the pinnacle of their profession and want to deal at the highest levels. ((Disney CEO)) Michael Eisner wants to raise money for Bill Bradley, not some city supervisor...