WASHINGTON - The House Banking Committee is expected to approve bills June 8 targeting money laundering and Internet gambling.

The panel is scheduled to vote on the International Counter-Money Laundering Act of 2000, the Clinton Administration's version of legislation sponsored last year by Chairman Jim Leach that would grant the Treasury Secretary increased authority to crack down on foreign countries or financial institutions with weak anti-money-laundering policies.

Also scheduled for a vote is the Internet Gambling Funding Prohibition Act, which would prohibit the use of most types of bank-issued payment instruments, including credit cards, checks, and wire transfers, to finance or collect winnings from Internet gambling.

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