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111017 1 (1979-11-29)

handle is hein.gao/gaobadykf0001 and id is 1 raw text is: 


          UNITED STATES GENERAL ACCOUNTING OFFICE
                   WASHINGTON, D.C. 20548

                                  FOR RELEASE ON DELIVERY
                                  Expected at 9:00 A.M. EST
                                  November 29, 1979



                        STATEMENT OF

            RICHARD L. FOGEL, ASSOCIATE DIRECTOR

                GENERAL GOVERNMENT DIVISION

                         BEFORE THE

     SUBCOMMITTEE ON GENERAL OVERSIGHT AND RENEGOTIATION

     HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

     ON THE C/SE 'F CURRENCY AD FOREIGN ACCOUNT REPORTS

               TO DETECT NARCOTICS TRAFFICKERS§


Mr. Chairman and Members of the Subcommittee:

     We are pleased to be here to assist the Subcommittee

look into the usefulness of certain provisions of the Bank

Secrecy Act as an aid to Federal law enforcement agencies

in detecting financial transactions related to drug traf-

ficking activities.

     Effective law enforcement in the drug area requires that

major traffickers be immobilized. Incarcerating major traf-

fickers for long periods'and seizing their financial resources

--the key elemen'ts to immobilization--require complex conspiracy

type investigations. These investigations seek to prove an

alliance between two or more persons for the purpose of dealing

in drugs, even though those involved may never handle drugs.



                        00797\                            U
                                                       111017

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