on money laundering lapses by private banks, lawmakers and regulators appear increasingly convinced that new anti-laundering laws are needed.

At least three bills -- inspired by recent allegations against major banking organizations, including Bank of New York and Citigroup Inc. -- have been introduced in the past six weeks. Sen. Carl Levin of Michigan, the ranking Democrat on the Senate Governmental Affairs investigations subcommittee, which hosted the hearing, is expected to introduce a fourth bill today.

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