Two U.S. lawmakers are asking Congress to expand the list of predicate offences for criminal money laundering charges to include any crime punishable by more than one-year imprisonment. Sens. Charles Grassley (R-IA) and Dianne Feinstein (D-CA) introduced the measure Tuesday, which also proposed tweaks to legal definitions in money laundering laws, a ban on so-called reverse money laundering and an explicit wiretapping power for investigators. The bill also echoed a proposal made by the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) to require anyone crossing the U.S. border to declare funds exceeding $10,000 kept on prepaid devices. FinCEN said...
U.S. lawmakers Thursday called for funding to combat money laundering in the Caribbean and the passage of legislation meant to strengthen American anti-money laundering laws.
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