Resolution No. 2969403
RESOLUTION NO. 2969
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
SUPPORTING ASSEMBLY BILLS NO. 2182 AND NO. 2570
RELATING TO MONEY LAUNDERING TO HELP CURTAIL
THE SALE AND DISTRIBUTION OF ILLEGAL DRUGS.
WHEREAS, Assembly Bill 2182 and Assembly Bill 2570 have been
introduced into the California State Assembly by Assemblyman Steve
Clute; and
WHEREAS, Assembly Bill 2182 and Assembly Bill 2570 would create
laws against money laundering which would curtail the sale and
distribution of drugs in the State of California; and
WHEREAS, AB 2182 would make it a crime to launder money if the
launderer knows or has reason to know that its source is an illegal one
such as drug dealing; and
WHEREAS, AB 2570 would require financial institutions, such as
banks, savings and loan associations, credit unions, etc., to keep
ongoing records of large cash transactions and file reports with the
State Department of Justice; and
WHEREAS, drug dealers launder their money through California's
financial institutions in order to make it seem legitimate and, thus,
escape investigation; and
WHEREAS, the State of California must do all it can to end the
business of selling drugs illegally; and
WHEREAS, AB 2182 and AB 2570 seek to accomplish this.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Cypress hereby urges the enactment of AB 2182 and AB 2570.
PASSED AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the 12th day of August 1985.
ATTEST: q��a���bbb �///
CITY RK �EiL'ITY OF CYPRESS
STATE OF CALIFORNIA
COUNTY OF ORANGE
SS
MAY OF THE CITY 0 CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted at a regular
meeting of the said City Council held on the 12th day of August 1985; by
the following roll call vote:
AYES:
NOES:
ABSENT:
5 COUNCIL MEMBERS:
0 COUNCIL MEMBERS:
0 COUNCIL MEMBERS:
Coronado,
None
None
Lacayo, Mullen, Partin and Kanel
L
CIT$ CLERK OF THE
TY OF CYPRESS