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MONEY LAUNDERING STORY QUESTIONED

 VANCOUVER, British Columbia, Sept. 16 /PRNewswire/ -- The Vancouver Stock Exchange said today it takes strong exception to the implication in some media reports that money laundering is a problem particularly prevalent on the VSE.
 This was clearly not the substance of a presentation Sept. 14 by the Royal Canadian Mounted Police to a British Columbia government commission into the Vancouver securities marketplace, said VSE Executive Vice President Clayton Shultz.
 "In fact, under questioning, Superintendent E.C. MacAulay made it clear that the RCMP had no information to indicate that money laundering was more prevalent on the VSE than any other exchange," said Shultz. "He has subsequently confirmed that view."
 Shultz said police authorities with their sophisticated international networks are responsible for the detection, investigation and prosecution of money laundering offenses. "All exchanges are equally vulnerable to this activity," he said.
 "The VSE stands ready to provide every assistance to investigating authorities. However, we have not now or in the past been asked for any such assistance."
 -0- 9/16/93
 /CONTACT: David A. Laundy, 604-689-3334/


CO: Vancouver Stock Exchange ST: British Columbia IN: SU:

JB -- LA018 -- 2730 09/16/93 13:51 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:193
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