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U.S. Supreme Court Narrows Definition of Money Laundering in Pair of Rulings
By Brian Orsak
printUPDATE The U.S. Supreme Court limited the scope of money laundering laws in two rulings Monday, dealing a blow to federal prosecutors who had pushed for broad interpretations of the statutes. In a unanimous decision, the court said that hiding money while transporting it does not alone constitute laundering, even if "substantial efforts" have been made to conceal the funds. The decision stems from Regalado Cuellar v. United States, in an alleged drug case involving a vehicle with concealed cash headed toward the U.S.-Mexican border. Cuellar was arrested driving from Texas to Mexico with $81,000 bundled in plastic bags and...
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