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Money Transfer

FinCEN recently reported that a U.S. military officer used his official position to steal currency designated for war use, transferred the funds to the United States, and then spent that money on personal items. When the defendant conducted transactions with

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The N.Y. Times is reporting that agents at the Federal Bureau of Investigation (FBI) are more likely to be hunting potential threats to national security than for ordinary criminals in recent years. This finding comes from data collected detailing the

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Previously in this blog we discussed federal offenses such as money laundering, bulk cash smuggling, unlicensed money transmitting businesses, and smurfing. These are all serious offenses in their own right; offenses that can send someone to prison for up to

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Congress enacted the principal money laundering statutes in 1986. 18 U.S.C. 1956 and 1957 criminalize financial and monetary transactions with proceeds of underlying criminal activity. These statutes make money laundering a crime in and of itself. Thus, not only can

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The U.S. government has a plethora of criminal statutes designed to curb the illicit transfer of funds and the flow of money in the underground economy. Federal law enforcement officers can investigate unlicensed money transmitting businesses (i.e. hawala) pursuant to

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The chief rabbi of Congregation Sharee Zion in Brooklyn, N.Y., was sentenced on June 1, 2011 to two years of probation for operating an illegal money remitting business, after admitting he accepted bank checks in exchange for checks in lesser

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The federal government has the authority to criminally prosecute individuals who structure their transactions in a manner that evades the $10,000 reporting requirements. See 18 USC 5324. Penalties range from 5 years in prison, to fines, or both. Enhanced penalties,

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