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S. 572

Money Laundering Crimes Act

Money Laundering Crimes Act - Amends the Federal criminal code to establish money laundering as a Federal criminal offense. Sets forth fines and penalties to be imposed against anyone who conducts transactions involving monetary instruments through a financial institution engaged in or affecting interstate commerce: (1) with the intention of carrying out specified types of unlawful activity; or (2) with knowledge that such monetary instruments represent income derived from such unlawful activity. Requires investigation of such an offense by the Federal Bureau of Investigation, the Drug Enforcement Administration, and the Internal Revenue Service, as appropriate. Establishes extraterritorial jurisdiction over such prohibited conduct.

Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.

Sen. D'Amato, Alfonse [R-NY](R-NY)Sponsor
7 cosponsors2 D5 R
7cosponsors1committees7actions6subjects
  1. Committee

    Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.

    Judiciary Committee
  2. Committee

    Committee on Judiciary. Subcommittee on Criminal Law discharged from further consideration thereof.

    Judiciary Committee
  3. Committee

    Committee on Judiciary requested executive comment from Treasury Department.

    Judiciary Committee
  4. Committee

    Committee on Judiciary requested executive comment from Justice Department.

    Judiciary Committee
  5. Committee

    Referred to Subcommittee on Criminal Law.

    Terrorism, Technology, and Government Information Subcommittee
  6. IntroReferral

    Read twice and referred to the Committee on Judiciary.

    Judiciary Committee
  7. IntroReferral10000

    Introduced in Senate