Title: 2101. Money Laundering Overview | JM | Department of Justice
Headings: 2101. Money Laundering Overview
2101. Money Laundering Overview
Content: Under § 1957, the four intents have been replaced with a $10,000 threshold amount for each non-aggregated transaction and the requirement that a financial institution be involved in the transaction. Although the prosecutor need not prove any intent to promote, conceal or avoid the reporting requirements, it still must be shown that the defendant knew the property was derived from some criminal activity and that the funds were in fact derived from a specified unlawful activity. There is extraterritorial jurisdiction for violations of § 1956 if: ( 1) the transaction or series of related transactions exceeds $10,000; and (2) the laundering is by a United States citizen, or, if by a foreign national, the conduct occurs in part in the United States. See § 1956 (f). There is extraterritorial jurisdiction for violations of § 1957 if the defendant is a United States person. See § 1957 (d). Sections 1956 and 1957 include "attempts" as well as completed offenses. Conspiracies are indictable under 18 U.S.C. § 1956 (h).