News

Cash Couriers, Tax Evaders Face US Money Laundering Charges Under New Bill

By Fred Williams

Hired couriers or "mules" who lack knowledge of the crimes that generated the funds they carry in person or wire out of bank accounts could nevertheless be charged with money laundering under legislation crafted by a bipartisan group of U.S. senators. The 22-page Combating Money Laundering, Terrorist Finance and Counterfeiting Act of 2024, which Sen. Chuck Grassley (R-IA) introduced last month with Sens. Amy Klobuchar (D-MN) and John Cornyn (R-TX) as cosponsors, aims to close what he and his supporters have described as the "courier loophole" and other technical gaps in U.S. criminal statutes against illicit finance. "As money laundering...

TO READ THE FULL STORY