The inspectors also examined financial transactions that they believed were "akin to a money-laundering operation," according to the reports, for possible links to Mr. Civelli.

Since the beginning of the year, federal and state officials have been examining transactions A.I.G. used to make its financial position appear stronger than it really was.

Chancellor said in January that it had hired an investment bank to examine potential mergers and other transactions.

For months, investigators have been examining transactions that the American International Group and other large insurance companies may have used improperly to burnish their financial results.

One of the important aspects of Social Accounts is that they also examine non-market transactions, such as transfer payments between institutions.

One team might examine financial transactions, he suggested, and another might look at the role of Israel.

To be sure, the Web site prices are not all that current - on a Thursday afternoon, say, one might be examining transactions that took place on Wednesday morning.

Under the settlement, A.I.G. accepted an independent monitor to examine transactions.

He said that the order set a precedent - one he called arbitrarily favorable to generators - that was likely to apply when the agency examined transactions in other months.

Hundreds of times over, we have done spot-checks and examined transactions.