The Supreme Court is likely to reverse a decision by a lower court that deemed parts of the country's counterterrorism laws unconstitutional and overly vague, say former federal investigators.
The Senate passed a measure Tuesday that would expand the U.S. definition of money laundering and make tax evasion a predicate to the crime.
A Congressional bill that would overturn two 2008 U.S. Supreme Court decisions that narrowed the definition of money laundering goes too far in expanding the meaning of concealment, say consultants.
The U.S. Senate is considering an anti-fraud bill that would broaden the application of money laundering laws to include the gross receipts of crimes and money funneled offshore to avoid taxes.
A recent U.S. Supreme Court decision is likely to keep some money laundering charges from being filed, delay current trials and bring a wave of appeals for just-closed cases, according to compliance professionals.
A U.S. Supreme Court ruling that narrowly interprets federal money laundering laws will make white-collar money laundering prosecutions more difficult but will have little effect on narcotics-related laundering cases, legal experts say.
The pair of decisions restricts the use of laundering charges by prosecutors in drug and organized crime cases.
print