FiTi reports on a Lisbon money laundering conference: 4-23-96: "Long arm of US law threatens business." The extra-territorial reach of US law poses a growing threat to non-US companies doing business, even indirectly, with that country, an expert on money laundering said yesterday. Mr Rowan Bosworth-Davies told a conference in Lisbon that US courts had been "consistent in concluding that US law enforcement interests outweigh a foreign nation's interests in preserving the confidentiality of its banking or its business records". 4-24-96: "US prosecutor attacks bank secrecy laws." A US federal prosecutor yesterday told banks that they are no better than prostitutes if they transmit money without knowing their customers or the purpose of the transaction. Mr John Moscow said: "The ancient concept that bank secrecy must be preserved to keep a gentleman's financial affairs confidential -- dating back to the days when only gentlemen had cheque accounts, and their servants did not -- must give way to the current reality. GIV_way