5-23-96. WaJo: "Chasing Criminals at Cyberspeed." Three recent developments in the money laundering trade have governments especially worried: the proliferation of offshore financial centers, the collapse of the Soviet Union and the adaptation of emerging technologies to criminal ends. Officials think newly developed "smart cards" will be particularly appealing to criminals. Smart cards could be used to download cash from bank accounts, then used to make payments or deposits anywhere in the world. All without anyone knowing who holds the smart card, because encryption guarantees anonymity. Says Stanley Morris, director of FinCEN, "The only way we can adequately assist our federal law enforcement counterparts in following the trail of the multinational money launderer is through our linkages with multilateral arrangements such as ... [Clipper 3]." 5-23-96. FiTi: "Japanese recruit 2,000 spies to monitor Asia crises." Their main source of official information will be material gathered by six electronic listening posts stationed across Japan. CLI_pr3 (for 2)