Money Laundering: Concealing Proceeds of Specified Unlawful Activity or Avoiding Transaction Reporting Requirement

• Category: Federal - Jury Instructions - 11th Circuit - Criminal
• State: Multi-State
• Control #: US-JURY-11THCIR-074-2-CR
• Format: Word

Description

Pattern Jury Instructions from the 11th Circuit Federal Court of Appeals. For more information and to use the online Instruction builder please visit http://www.ca11.uscourts.gov/pattern-jury-instructions Money Laundering is the process of concealing or disguising the source of illegally obtained or illegally earned money, so it can be used without suspicion. Money laundering is often used to avoid taxation and to conceal the proceeds of criminal activities such as fraud, drug trafficking, and terrorist financing. It is also used to avoid transaction reporting requirements. Money laundering consists of three stages: placement, layering, and integration. Placement is the first step of money laundering, and involves introducing the proceeds of specified unlawful activity into the financial system. Placement can be done in a variety of ways, such as depositing the funds into a bank account, exchanging them for cash, or using them to purchase assets. Layering is the second step of money laundering, and involves the use of complex financial transactions to hide the source of the funds. Layering can be done by transferring funds between different accounts, purchasing assets with the funds, or exchanging them for different forms of currency. Integration is the final step of money laundering, and involves the use of the funds from the placement and layering stages to purchase goods and services, or to make investments. This step allows the launderer to access the funds without arousing suspicion. There are various types of Money Laundering: Concealing Proceeds of Specified Unlawful Activity or Avoiding Transaction Reporting Requirement. These include cash smuggling, structuring, trade-based money laundering, and digital currency laundering. Cash smuggling involves physically moving the proceeds of specified unlawful activity across borders to conceal their source. Structuring involves making multiple deposits of small amounts of money to avoid transaction reporting requirements. Trade-based money laundering involves using international trade to conceal the source of the funds. Digital currency laundering involves using virtual currencies, such as Bitcoin, to avoid transaction reporting requirements.

Money Laundering is the process of concealing or disguising the source of illegally obtained or illegally earned money, so it can be used without suspicion. Money laundering is often used to avoid taxation and to conceal the proceeds of criminal activities such as fraud, drug trafficking, and terrorist financing. It is also used to avoid transaction reporting requirements. Money laundering consists of three stages: placement, layering, and integration. Placement is the first step of money laundering, and involves introducing the proceeds of specified unlawful activity into the financial system. Placement can be done in a variety of ways, such as depositing the funds into a bank account, exchanging them for cash, or using them to purchase assets. Layering is the second step of money laundering, and involves the use of complex financial transactions to hide the source of the funds. Layering can be done by transferring funds between different accounts, purchasing assets with the funds, or exchanging them for different forms of currency. Integration is the final step of money laundering, and involves the use of the funds from the placement and layering stages to purchase goods and services, or to make investments. This step allows the launderer to access the funds without arousing suspicion. There are various types of Money Laundering: Concealing Proceeds of Specified Unlawful Activity or Avoiding Transaction Reporting Requirement. These include cash smuggling, structuring, trade-based money laundering, and digital currency laundering. Cash smuggling involves physically moving the proceeds of specified unlawful activity across borders to conceal their source. Structuring involves making multiple deposits of small amounts of money to avoid transaction reporting requirements. Trade-based money laundering involves using international trade to conceal the source of the funds. Digital currency laundering involves using virtual currencies, such as Bitcoin, to avoid transaction reporting requirements.