Sec. 1410. Closing the loophole on drug cartel associates engaged in money laundering
199 words·~1 min read·
/bill/115/s/2192/pcs/section-1410A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1956(a) of title 18, United States Code, is amended— in paragraph (1)(B), by striking
(B)knowing that and all that follows through Federal law, and inserting the following: knowing that the transaction— conceals or disguises, or is intended to conceal or disguise, the nature, source, location, ownership, or control of the proceeds of some form of unlawful activity; or avoids, or is intended to avoid, a transaction reporting requirement under State or Federal law, ; and in paragraph (2)(B), by striking
(B)knowing that and all that follows through Federal law, and inserting the following: knowing that the monetary instrument or funds involved in the transportation, transmission, or transfer represent the proceeds of some form of unlawful activity, and knowing that such transportation, transmission, or transfer— conceals or disguises, or is intended to conceal or disguise, the nature, source, location, ownership, or control of the proceeds of some form of unlawful activity; or avoids, or is intended to avoid, a transaction reporting requirement under State or Federal law, . Section 1956(c)(1) of such title is amended by inserting , and regardless of whether the person knew that the activity constituted a felony before the semicolon at the end.