California AG’s Plan to Strengthen AML Laws Expected to Garner Strong Support

By Brian Monroe

Proposals by California's top prosecutor to strengthen the state's anti-money laundering laws are expected to find broad support among lawmakers. In a report published last month, California Attorney General Kamala Harris called on the state's legislature to prohibit structuring even when prosecutors cannot show that individuals are intentionally avoiding reporting requirements and permit investigators to seize illicit proceeds prior to the filing of criminal cases and civil asset forfeiture petitions. With local law enforcement agencies behind the proposal, the "state legislature would seriously entertain the recommendations," said Courtney Linn, a former assistant U.S. attorney for the Eastern District of California,...