NCJ Number
173841
Date Published
1997
Length
107 pages
Annotation
This book describes statutory provisions relevant to money-laundering, links them in cohesive form and provides clear and concise commentary on each.
Abstract
Laws designed to impede money-laundering are complex and wide-ranging, and span several areas of criminal activity, including drug-trafficking and terrorism. Legislation designed to curtail the money-laundering activities of organized crime are broad and thorough, but their complexity makes it possible for persons working within legitimate businesses to be caught out unwittingly by some of their provisions. Some of the regulations explained in this book apply to specific financial institutions, but other organizations could benefit from understanding their requirements. The book defines money-laundering and contains chapters on statutes relevant to: (1) assisting others to retain the benefit/proceeds of criminal conduct; (2) concealing, disguising, converting, transferring or removing the proceeds of criminal conduct; (3) acquiring, possessing or using the proceeds of criminal conduct; (4) failure to disclose knowledge or suspicion of money-laundering offenses; (5) prejudicing an investigation or proposed investigation into alleged money-laundering; (6) The Money-Laundering Regulations (SI 1993/1933): Banks and Banking Financial Services; and (7) other preventive measures. Figures, notes, references