Proposals to Reform the Federal Money Laundering Statutes
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(B) knowing that the monetary instrument or funds involved in the transportation, transmission, or transfer represent the proceeds of some form of unlawful activity and knowing with the intent that such transportation, transmission, or transfer is be designed in whole or in part — (i) (A) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity for the purpose of creating the appearance of legitimate wealth; or (ii) (B) to avoid a transaction reporting requirement under State or Federal law, shall be sentenced to a fine of not more than $500,000 or twice the value of the monetary instrument or funds involved in the transportation, transmission, or transfer whichever is greater, or imprisonment for not more than twenty years, or both. For the purpose of the offense described in subparagraph (B) this subsection, the defendant's knowledge may be established by proof that a law enforcement officer represented the matter specified in subparagraph (B) this subsection as true, and the defendant's subsequent statements or actions indicate that the defendant believed such representations to be true.
(3) Whoever, with the intent —
(A) to promote the carrying on of specified unlawful activity;
(B) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity for the purpose creating the appearance of legitimate wealth; or
(C) (B) to avoid a transaction reporting requirement under state
or federal law,
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