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Bank of Boston / Money Laundering #541814

NBC Evening News for Friday, Feb 15, 1985
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(Studio) Report introduced
REPORTER: Tom Brokaw

(Boston, Massachusetts) Federal investigation into Bank of Boston teller's allegation that bank laundered money of accused organized crime boss Gennaro Angiulo examined; background to case reviewed. Films shown. [Bank chairperson William BROWN - declines comment.] Bank recalled recently pleading guilty to failure to report overseas money transfers. [Assistant treasurer secretary John WALKER - feels bank's pattern of transactions is consistent with money laundering.] Money laundering process explained, illustrated on screen. [President's Commission on Org. Crime spokesperson James HARMON - accuses such banks of helping drug traffickers.] [PEOPLE - react to scandal.] Bank's role in New England history noted.
REPORTER: Lisa Myers

Reporter(s):
Brokaw, Tom;
Myers, Lisa
Duration:
00:02:30

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