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Money Laundering
Money laundering is the practice of engaging in financial transactions in order to conceal the identity, source, and/or destination of money, and is a main operation of the underground economy.
In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government regulators (such as the United States Office of the Controller of the Currency) to encompass any financial transaction which generates an asset or a value as the result of an illegal act, which may involve actions such as tax evasion or false accounting. As a result, the illegal activity of money laundering is now recognized as potentially practiced by individuals, small and large businesses, corrupt officials, members of organized crime (such as drug dealers or the Mafia) or of cults, and even corrupt states, through a complex network of shell companies and trusts based in offshore tax havens.
The increasing complexity of financial crime, the increasing recognized value of so-called "financial intelligence" (FININT) in combating transnational crime and terrorism, and the speculated impact of capital extracted from the legitimate economy has led to an increased prominence of money laundering in political, economic, and legal debate.
What is money laundering? SCOTUS to rule whether merely concealing cash is the same as laundering it
A Texas case before the US Supreme Court last week, Cuellar v. US, in which SCOTUS will determine what activities the government must prove to charge someone with "money laundering," had its oral arguments this week before the Wise 9...
EDNY Judge Grants Judgment of Acquittal on Money Laundering Counts but Denies Application for Jury Determination on Forfeiture Money Judgment
One of the ills highlighted in the Supreme Court's recent money laundering decisions in Santos and Cuellar is the tacking on of money laundering charges to a variety of crimes in order to induce guilty pleas...
Money laundering: On a hanger or in a box?
Image from Bureau of Engraving and Printing's website. The closest I ever came to being a cop was my year before law school as a financial auditor at a large Wall Street commercial bank...
Money-Laundering Manual
From the Memory Hole:
The Memory hole has obtained and scanned ?Investigation and Prosecution of Illegal Money Laundering: A Guide to the Bank Secrecy Act...
Car Dealers Convicted of Money Laundering
Amir Hosseini and Hossein Obai were convicted in February of laundering millions of dollars for the Gangster Disciples and other big Chicago gangs...
Sup. Ct. to review Money Laundering standards
New york times By LINDA GREENHOUSE February 26, 2008
WASHINGTON ? In colloquial terms, ?money laundering? means cleaning ?dirty? money ? the proceeds of a drug transaction, for example ? by using it in a way that hides its origins and gives it the appearance of legitimate wealth...
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How do i go bout geting a free laywer to sue the durham police department for drug raids and nothing is found?they have been in my house 4 or 5 times seems like every 4 months or so and breaking down my door tearing up m
They need a warrant to get into your house...if they never showed you one...you ...
What is comparative negligence and strict liability in tort law?
A. comparative negligence
B. seller sells to buyer
B. defense of ...
Can the so-called proprety manager enter my duplex without permission?
The manager (sister of owner) has NO right to be in the apartment unless there w...
Must a landlord return a deposit placed on an apartment before the lease was signed if the lease doesn't get executed?
good question and tough situation. What you can do realisticly and what you shou...
My father recently re-financed his home and was told they would give him $8,000.00 out of their loan origination fees for him to pay his credit cards off. He didn't qualify for any cash out so they were going to take car
Absolutely! I would call a RESPA attorney immediately as soon as you can. They a...
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