Title: Anti-Money Laundering 2020 | Laws and Regulations | USA | ICLG
Headings: 
USA: Anti-Money Laundering Laws and Regulations 2020
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1. The Crime of Money Laundering and Criminal Enforcement
2. Anti-Money Laundering Regulatory/ Administrative Requirements and Enforcement
Authorities
AML Requirements
Main Requirements
Responsible Authorities
Examination Criteria
3. Anti-Money Laundering Requirements for Financial Institutions and Other Designated Businesses
Currency Transaction Reporting
Cash Reporting or Form 8300 Reporting
Customer Due Diligence
Customer Identification Program
4. General
Contributors
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Content: The various federal agencies frequently work together on cases, sometimes along with state and local authorities, where jurisdiction overlaps. The Federal Bureau of Investigation, the Drug Enforcement Administration, the U.S. Secret Service, U.S. Immigration and Customs Enforcement, the Internal Revenue Service Criminal Division, and the Postal Inspection Service frequently conduct money laundering investigations. An investigation unit of the Environmental Protection Agency can investigate money laundering crimes relating to environmental crimes. 1.5 Is there corporate criminal liability or only liability for natural persons? There is criminal liability for natural and legal persons. 1.6 What are the maximum penalties applicable to individuals and legal entities convicted of money laundering? The maximum penalties are fines of up to $500,000 or double the amount of property involved, whichever is greater, for each violation, and for individuals, imprisonment of up to 20 years for each violation. 1.7 What is the statute of limitations for money laundering crimes? That statute of limitations is five years. 18 U.S.C. § 3282 (a).