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Court Ruling May More Closely Tie Tax Evasion and Money Laundering Charges, Say AML Consultants
By Matt Squire
printA federal judge's ruling may have nudged U.S. courts closer to treating tax evasion as a predicate crime for money laundering, legal experts say. In a case involving the mailing of fraudulent tax returns in the U.S. Virgin Islands, an appeals court ruled that unpaid taxes disguised through fraudulent tax returns are the proceeds of a mail fraud intended to launder money. The ruling reversed a February 2007 decision by a federal court in the U.S. Virgin Islands that dismissed money laundering charges against a group of nine family members that owned and operated a chain of supermarkets accused of...
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