Money Laundering Re-Defined
The rulings of the Supreme Court last week on two money laundering cases will directly impact the federal government’s ability to utilize a very powerful prosecutorial tool, with conviction carrying a prison sentence of up to 20 years. The first case, Cuellar v. United States, seemed like a “no-brainer” as the Court ruled 9-0 that simple concealment of cash is not money laundering.
