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It for the first time in the United States criminalized money laundering. Section 1956 prohibits individuals from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known as "specified unlawful activities" (SUAs). Additionally, the law requires that an individual specifically intends in making ...
Subsection (b) of the statute defines "unlawful activity" for the purposes of the Travel Act. The activities specified in this subsection include illegal gambling, liquor on which the Federal excise tax has not been paid, controlled substance offenses, prostitution offenses, extortion, bribery, or arson which violate either Federal law or the laws of the state in which they are committed.
Cabrales, 118 S. Ct. 1772 (1998) [3] a jurisdiction issue on venue was invoked by the attendant circumstance that the relevant acts of money laundering occurred in Florida where the case was to be tried, but the funds were derived from the unlawful distribution of cocaine in Missouri. The offense is defined as:
“Additionally, he faces a maximum statutory penalty of 10 years in prison and a fine of $250,000 for each of the three counts of monetary transactions with proceeds of specified unlawful activity.
The law, contained at section 1956 of Title 18 of the United States Code, prohibits individuals from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known as "specified unlawful activities" (SUAs).
Timothy France Johnson, 61, was indicted March 20 on seven counts of wire fraud and three counts of engaging in monetary transactions in property derived from specified unlawful activity, federal ...
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
Timothy France Johnson, 61, was indicted March 20 on seven counts of wire fraud and three counts of engaging in monetary transactions in property derived from specified unlawful activity, federal ...