An appellate court's decisions to vacate money laundering convictions for two former executives who fleeced investors of billions will likely mean that federal prosecutors charge fewer individuals with the crime, say attorneys.
The Supreme Court is likely to reverse a decision by a lower court that deemed parts of the country's counterterrorism laws unconstitutional and overly vague, say former federal investigators.
The Senate passed a measure Tuesday that would expand the U.S. definition of money laundering and make tax evasion a predicate to the crime.
A Congressional bill that would overturn two 2008 U.S. Supreme Court decisions that narrowed the definition of money laundering goes too far in expanding the meaning of concealment, say consultants.
The U.S. Senate is considering an anti-fraud bill that would broaden the application of money laundering laws to include the gross receipts of crimes and money funneled offshore to avoid taxes.
A Congressional bill intended to counter a Supreme Court decision that scaled back the definition of money laundering will likely become a law, say legal experts.
Federal prosecutors are appealing the dismissal by the U.S. Court of Appeals for the Fourth Circuit of a conviction based on a recent Supreme Court ruling that narrowed the definition of money laundering .
A recent U.S. Supreme Court decision is likely to keep some money laundering charges from being filed, delay current trials and bring a wave of appeals for just-closed cases, according to compliance professionals.
A 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.
Supreme Court justices heard arguments Monday about whether hiding cash without trying to conceal its source constitutes money laundering.
The case involves the conviction of a man in Texas on money laundering charges for attempting to smuggle more than $83,000 in cash into Mexico, according to court documents. It is the only case this month that U.S. justices have agreed to hear, according to the Supreme Court's Web site.
The case concerns the definition of "proceeds" in federal money laundering laws.