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Money laundering
From wikilawschool.net. Wiki Law School does not provide legal advice. For educational purposes only.
Money laundering is a US federal crime.
Domestic money laundering is prosecuted under 18 USC § 1956(a)(1). On the other hand, international money laundering is prosecuted under 18 USC § 1956(a)(2). The transactions needs to have involve the proceeds of "specified unlawful activities" (SUAs).
Currency transaction report
A currency transaction report (CTR) is used to report transactions in excess of $10,000.
United States v. Jackson (1991)
United States Court of Appeals, Seventh Circuit reviewed the case U.S. v. Jackson[1] involving commingling. Commingling means mixing up of "clean money" and "dirty money."
