should consider new anti-money-laundering laws in light of allegations that Russian mobsters channeled billions of dollars from criminal enterprises through the Bank of New York.

Sen. Kerry of Massachusetts, the Senate Banking Committee's No. 3 Democrat, urged committee Chairman Phil Gramm to reverse his stance against holding hearings on the matter this fall.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.