Money Laundering: An Abridged Overview of 18 U.S.C. 1956 and Related Federal Criminal Law

Money Laundering: An Abridged Overview of 18 U.S.C. 1956 and Related Federal Criminal Law

Date: February 8, 2012
Creator: Doyle, Charles
Description: This is an overview of the elements of federal criminal money laundering statutes and the sanctions imposed for their violation.
Contributing Partner: UNT Libraries Government Documents Department
United States v. Santos: "Proceeds" in Federal Criminal Money Laundering Statute, 18 U.S.C. Section 1956, Means "Profits," Not "Gross Receipts"

United States v. Santos: "Proceeds" in Federal Criminal Money Laundering Statute, 18 U.S.C. Section 1956, Means "Profits," Not "Gross Receipts"

Date: June 13, 2008
Creator: Murphy, M. Maureen
Description: On June 2, 2008, the U.S. Supreme Court, in United States v. Santos (No. 96-1005), vacated convictions of the operator of an illegal lottery and one of his runners who had been charged with conducting financial transactions involving the "proceeds" of an illegal lottery and one of his runners who had been charged with conducting financial transactions involving the "proceeds" of an illegal gaming business. The ruling is that "proceeds," as used in this money laundering statute, means "profits" rather than "gross receipts" of the underlying unlawful activity. This report analyzes this decision, the factors contributing to the decision, the principles upon which the decision was based, and the possible future effects of the ruling.
Contributing Partner: UNT Libraries Government Documents Department
Transnational Organized Crime: Principal Threats and U.S. Responses

Transnational Organized Crime: Principal Threats and U.S. Responses

Date: March 20, 2006
Creator: Wagley, John R
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Transnational Organized Crime: Principal Threats and U.S. Responses

Transnational Organized Crime: Principal Threats and U.S. Responses

Date: March 20, 2006
Creator: Wagley, John R
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Money Laundering: An Abridged Overview of 18 U.S.C. 1956 and Related Federal Criminal Law

Money Laundering: An Abridged Overview of 18 U.S.C. 1956 and Related Federal Criminal Law

Date: July 18, 2008
Creator: Doyle, Charles
Description: Money laundering is a federal crime, commonly understood as the process of cleansing the taint from the proceeds of crime. This report describes in detail the various aspects of money laundering in regards to federal criminal law.
Contributing Partner: UNT Libraries Government Documents Department
Problems Encountered in Money Laundering Investigations

Problems Encountered in Money Laundering Investigations

Date: August 2001
Creator: Akyay, Ilkay
Description: The purpose of this study is to identify how the U.S. is responding to money laundering and what kind of problems arise while countering it, beginning with a detailed description of money laundering, its stages, typologies, impacts, and complications. Due to the broad nature of this subject only three main issues form the focal point of this study: problems concerning the banking industry and other financial organizations, problems resulting from the limitations of law enforcement agencies, and problems arising from the lack of cooperation between and within financial institutions and law enforcement agencies. Several probable solutions to the above problems are identified: Considering the financial industry, there are loopholes in the Bank Secrecy Act (BSA) and in other regulations that apply to the industry. Thus, there is a comparison of the Subjective Model vs. Objective Model in terms of reporting systems for financial organizations. On the law enforcement side, the priority is the need to update and upgrade their technology and investigation mechanisms in order not to fall behind the criminals. Finally, cooperation is something that can be achieved through mutual respect and understanding of the priorities of each side, which can be achieved by the creation of an upper ...
Contributing Partner: UNT Libraries