A few remarks on federal crime of money laundering in the Unites States

• Authors: Anna Płońska
• Languages of publication: EN

Abstracts

EN

The phenomenon of money laundering is, generally speaking, the practice of using a business to conceal cash or other assets that are the products of other criminal activ­ity. The money laundering legislation was developed from perceived difficulties with enforcement of the currency transaction reporting requirements of the Bank Secrecy Act (BSA). In 1986 the US Congress for the first time attempted to define and criminal­ized anactivity nowadays commonly known as money laundering. This paper presents some of the most essential aspects of federal crime of money laundering in the Unites States, indicating such types as: laundering of monetary instruments, engaging in mon­etary transactions in property derived from specified unlawful activity, and unlicensed money laundering business, respectively stated under 18 U.S.C. §§ 1956, 1957, and 1960.

Keywords

EN

money laundering; United States Code; federal crime; criminal liability; offence

• Publisher: Wydawnictwo Uniwersytetu Wroclawskiego
• Journal: Nowa kodyfikacja prawa karnego
• Year: 2016
• Volume: 42
• Pages: 95-103

Contributors

author

Anna Płońska

• Department of Petty Offences Law, Tax Criminal Law and Business Criminal Law Faculty of Law, Administration and Economics, University of Wrocław