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NCJ Number: 155883 Find in a Library
Title: Cleaning Up Money Laundering Prosecutions: Guidelines for Prosecution and Asset Forfeiture
Journal: Criminal Justice  Dated:(Spring 1992)  Pages:1,3-5,50-51
Author(s): A G Rudnick
Date Published: 1992
Page Count: 6
Type: Legislation/Policy Analysis
Format: Article
Language: English
Country: United States of America
Annotation: There is a significant need for prosecution and forfeiture guidelines in the area of money laundering, since most Federal and State crimes that generate large amounts of money are covered by money laundering statutes.
Abstract: These statutes give the government broad criminal and civil forfeiture authority in money laundering cases. The government can freeze, seize, and forfeit otherwise unfreezable assets by adding a money laundering count to an indictment. Given the severity of Federal sentencing guidelines and the availability of broad asset seizure and forfeiture in money laundering cases, a strong case can be made for establishing uniform and consistent guidelines and for requiring U.S. Department of Justice review and approval of additional categories of money laundering indictments and forfeitures. The importance of prosecution and asset forfeiture guidelines is examined in relation to Federal sentencing guidelines and sentencing ranges, tax evasion, tax fraud, and financial institution involvement in money laundering. The use of the Racketeer Influenced and Corrupt Organizations Act to prosecute money laundering cases is noted.
Main Term(s): Drug Related Crime
Index Term(s): Drug law offenses; Financial institutions; Forfeiture law; Money laundering; Racketeer Influenced and Corrupt Organizations (RICO) Act; Sentencing guidelines; Tax evasion
Note: DCC
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