How to Obtain
Documents |
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NCJ Number:
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NCJ 151636
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Title:
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Money Laundering: Business Beware
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Journal:
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Alabama Law Review Volume:44 Dated:(Spring 1993) Pages:703-723
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Author(s):
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L D Thompson ; E B Johnson
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Publication Date:
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1993 |
Pages:
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21 |
Type:
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Legislation/policy analysis |
Origin:
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United States |
Language:
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English |
Annotation:
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This analysis of the 1991 Federal Anti-Money Laundering Statutes argues that these laws are unconstitutionally vague and overly broad when applied to routine business transactions and concludes that guidelines similar to those adopted for the Racketeer Influenced and Corrupt Organizations Act are needed to prevent overzealous prosecutors from applying the Anti-Money Laundering Statutes beyond their intended purpose. |
Abstract:
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These laws were drafted to reach drug-related activities, but they have been stretched beyond their original intent. Although recent guidelines have been enacted to address these concerns, the guidelines are largely ineffective. Therefore, additional guidelines are needed to prevent overzealous prosecutors from misapplying the laws and to ensure that corporations are not deterred from entering into legitimate business transactions. Eighty-eight reference notes |
Main Term(s):
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Money laundering |
Index Term(s):
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Federal Code ; Drug related crimes ; Drug business |
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To cite this abstract, use the following link:
http://www.ncjrs.gov/App/Publications/abstract.aspx?ID=151636
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not available online, a link to the publisher's web site is provided.
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