Laundering of monetary instruments (18 U.S.C. 1956)

Act status not recorded

Issued by United States Department of Justice

Plain-English summary

Federal money laundering offences covering domestic and international transactions with proceeds of specified unlawful activity and sting transactions. Penalty up to 20 years' imprisonment and a fine of US$500,000 or twice the property value, with civil penalties under subsection (b). Text opened is the 2023 edition of the Code.

Who it applies to

All industries

Topics

AML / CFT / Sanctions

Official source

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