NCJ Number
175009
Date Published
1999
Length
141 pages
Annotation
This book is intended as a research tool and guide for Federal prosecutors in bringing cases under the Money Laundering Control Act of 1986.
Abstract
This act made it a Federal criminal offense to conduct a financial transaction that involves the proceeds of another crime. As amended in 1988 and in 1992, it also made it possible for Federal law enforcement to forfeit all property "involved in" the money laundering offense or a conspiracy to commit one. The substantive and conspiracy offenses are codified at 18 U.S.C., Sections 1956 and 1957, and the corresponding civil and criminal forfeiture statutes are codified at 18 U.S.C., Sections 981 and 982. In the 12 years since these statutes were enacted, the Federal courts have issued hundreds of decisions that interpret all significant aspects of the statutes themselves and related issues that arise in litigation. This book presents virtually all the reported cases and is intended as a supplement to the "Money Laundering Manual," also published by the Asset Forfeiture and Money Laundering Section. The cases are organized topically, addressing first the elements of the respective statutes, followed by other issues that have arisen frequently in Federal litigation. The parenthetical explanations that accompany each citation are intended to assist the reader in using the book and do not necessarily represent the policies or legal opinions of the Department of Justice. The cases are divided into two major categories: substantive money laundering and money laundering forfeitures.