United States v. Santos : "Proceeds" in Federal Criminal Money Laundering Statute, 18 U.S.C. Section 1956, Means "Profits," Not "Gross Receipts"

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Judge-made law.

Criminal procedure.

Fraud.

Physical Description:

1 online resource (9 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Examines U.S. v. Santos concerning a challenge to the conviction of the operator of an illegal lottery and one of his collectors, for violating a provision of 18 U.S.C. section 1956, a key Federal criminal anti-money laundering statute. Summarizes Supreme Court ruling that "proceeds" in 18 U.S.C. section 1956, refers to "profits," not "gross receipts;" and considers impact of the ruling upon sustainability of certain convictions involving contraband and organized crime offenses. Outlines S. 386, the Fraud Enforcement and Recovery Act of 2009, to enhance Federal enforcement capabilities to counteract fraud and to amend definition of "proceeds" in 18 U.S.C. section 1956.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. United States v. Santos

Access Restriction:

Restricted for use by site license.