Federal Money Laundering Regulation: Banking, Corporate & Securities Compliance Book

In the past decade, money laundering has gone from an obscure legal topic to a practice area of major prominence in federal criminal law. Under the federal sentencing guidelines, punishment for money laundering is substantially higher than for most other "white collar" offenses, including, in most cases, the underlying offense that gave rise to the money laundering charges in the first place. For example, under recent legislation, financial institutions that are found guilty of laundering money face a literal "death penalty". Also, as of October 17, 2001, the House of Representatives has passed a new money laundering bill. Given the close tie between money laundering and drug trafficking, organized crime and international terrorism, the boom in money laundering prosecutions is expected to grow, making this are of the law a rising and developing "hot" area of the law, becoming the new RICO. Federal Money Laundering Regulation: Banking, Corporate and Securities Compliance focuses on three related topics:1. The federal money laundering statutes (18 U.S.C. §§ 1956 and 1957) 2. The federal asset forfeiture statutes applicable to money laundering activities (18 U.S.C. §§ 981 and 982) 3. The numerous domestic currency transaction reporting requirements as set forth in Title 31 of the U.S. Code. Federal Money Laundering Regulation: Banking, Corporate and Securities Compliance provides comprehensive legal analysis as well as practical information that the reader can use to deal with real-life, day-to-day situations. This book is the most authoritative but practical publication available on this subject area. It is written in an easy-to-read format designed to offer timely and practical analysis and discussion to attorneys, executives, business owners of all types, financial personnel, government regulators, investors and launderers who all face the issues of money laundering and asset forfeiture. For example, financial institutions can learn how to prevent inadvertent non-compliance with these pervasive laws. Attorneys can consult the book to create an effective plan of action for clients. Law enforcement agents dealing with financial crime issues and prosecutors preparing indictments can use the book as an essential reference tool. Because the subject area has expanded quickly and still rapidly evolving, Federal Money Laundering Regulation: Banking, Corporate and Securities Compliance will be updated on an annual basis. The book cites the relevant statutes and the most recent and useful cases. The organization of the book is logical and offers step-by-step guidance through each topic. Also, the book provides numerous illustrations, examples and practice pointers, based on real cases.Read More