Reports swamp IRS, exceed ability to process. Drug financiers divert profits from banks into businesses. Facing complaints that new law violates depositors' privacy rights, a divided U.S. Supreme Court rules it's a necessary evil. They also use Hong Kong, Switzerland, and the Bahamas. U.S. Customs issues report calling for centralized data center so federal agencies can share information on complex financial investigations.
Suggestion is ignored for nine years.
U.S. cocaine consumption reaches 80 tons per year. Pays hit men to assassinate hundreds of police officers, judges, and government officals over the next nine years. Moving to seal off economy from drug investors, Arizona becomes first state to outlaw money laundering. U.S. Congress and lawmakers in 21 states follow suit by 1992. New Jersey ignores trend, becomes laundering haven.