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U.S. Supreme Court’s Narrowing of Laundering Law Will Mostly Affect White-Collar Cases
By Matt Squire
printA 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. On June 2, the court ruled in United States v. Efrain Santos that only profits, and not receipts or expenses involved with certain illegal activities, are to be regarded as criminal proceeds subject to money laundering prosecutions. The ruling could burden prosecutors with the costly task of discerning profits from expenses when pursuing a money laundering case, said Samuel Seymour, a partner with Sullivan & Cromwell, a law...
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