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NCJ Number: 151510 Find in a Library
Title: Financial: Money Laundering in Maryland
Corporate Author: Maryland State Police
Criminal Intelligence Division
United States of America
Date Published: 1992
Page Count: 22
Sponsoring Agency: Maryland State Police
Columbia, MD 21045
National Institute of Justice/
Rockville, MD 20849
NCJRS Photocopy Services
Rockville, MD 20849-6000
Publication Number: X-97-01022
Sale Source: National Institute of Justice/
NCJRS paper reproduction
Box 6000, Dept F
Rockville, MD 20849
United States of America

NCJRS Photocopy Services
Box 6000
Rockville, MD 20849-6000
United States of America

Maryland State Police
Criminal Intelligence Division
7175 Gateway Drive
Columbia, MD 21045
United States of America
Document: PDF
Type: Survey
Language: English
Country: United States of America
Annotation: Large amounts of cash generated by the illicit drug trade represent the principal source of money laundering in Maryland, and Maryland's first money laundering law was enacted in 1990.
Abstract: Money laundering is the mechanism by which funds obtained illegally are made to appear legal or are hidden from government scrutiny. Under Maryland's new law, money laundering only pertains to illicit drug-related funds which exceed $10,000. No exact statistics on the extent of money laundering in Maryland are available, and such data are essential to control money laundering. Even so, joint efforts by Maryland law enforcement agencies and the Attorney General's Office to bring money laundering cases before the courts are coming to fruition. Methods used to launder money are described, as well as money laundering centers, businesses, and banks commonly used to launder money. Recommendations are offered to facilitate the collection of statistical information on money laundering in Maryland, particularly when several court cases have been processed. 9 illustrations
Main Term(s): Police
Index Term(s): Criminology; Drug smuggling; Maryland; Money laundering; State laws
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=151510

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