Money Laundering Crimes Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Mar 5, 1985)
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.
What just happenedOct 29, 1985
Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.
Who’s behind it
- Oct 29, 1985Committee
Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 99-540.
Judiciary Committee - Jul 22, 1985Committee
Committee on Judiciary. Subcommittee on Criminal Law discharged from further consideration thereof.
Judiciary Committee - May 10, 1985Committee
Committee on Judiciary requested executive comment from Treasury Department.
Judiciary Committee - May 10, 1985Committee
Committee on Judiciary requested executive comment from Justice Department.
Judiciary Committee - May 9, 1985Committee
Referred to Subcommittee on Criminal Law.
Terrorism, Technology, and Government Information Subcommittee - Mar 5, 1985IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - Mar 5, 1985IntroReferral10000
Introduced in Senate