Money Laundering - Interstate Commerce Defined

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Multi-State
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US-3RDCIR-6-18-1956-2-CR
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Money Laundering - Interstate Commerce Defined Source: http://www.ca3.uscourts.gov/model-criminal-jury-table-contents-and-instructions

Money Laundering — Interstate Commerce Defined is the process of concealing or disguising the source of illegally obtained money by transferring it through legitimate channels of interstate commerce. This type of money laundering is a federal crime in the United States and is punishable by a fine or imprisonment. There are two main types of Money Laundering — Interstate Commerce Defined: Structuring and Bulk Cash Smuggling. Structuring involves breaking up large transactions into small ones in order to avoid detection from law enforcement. Bulk Cash Smuggling involves physically transporting cash across state lines to avoid detection.

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FAQ

Integration. This is the final stage of the money laundering process. This involves the process to get the funds back to the criminal from what seems to be a reputable source. After placing and layering the cash into the financial system, the funds become integrated.

To be sure, 18 U.S.C. §1956 criminalizes financial transactions that satisfy the conventional understanding of money laundering-namely, transactions intended ?to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity.? 18 U.S.C.

Money laundering generally refers to financial transactions in which criminals, including terrorist organizations, attempt to disguise the proceeds, sources or nature of their illicit activities.

These three stages of money laundering are: Placement. Layering. Integration/extraction.

Money laundering schemes vary in their complexity and methods, but there are three common phases for successful laundering: Placement, Layering and Integration.

Each individual money laundering stage can be extremely complex due to the criminal activity involved. Placement. Layering. Integration. Examples of the Money Laundering Stages.

Structuring and smurfing examples Let's say that someone has $90,000 in cash. If they want to avoid reporting requirements, they can split this into 10 transactions of $9,000. This is an example of structuring. Remember, structuring transactions in this way is illegal.

There are three stages introducing laundered funds into the financial system: Placement. Layering. Integration/extraction.

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Money Laundering - Interstate Commerce Defined