Which Of The Following Is Not Covered Under The Money Laundering Control Act?ã¢â‚¬â€¹ Course Hero

Coin Laundering Command Act
Citations

Other brusque titles	Alcohol and Drug Corruption Amendments of 1986 Money Laundering Control Act of 1986
Long title	An Act to strengthen Federal efforts to encourage foreign cooperation in eradicating illicit drug crops and in halting international drug traffic, to improve enforcement of Federal drug laws and enhance interdiction of illicit drug shipments, to provide strong Federal leadership in establishing effective drug abuse prevention and instruction programs, to expand Federal support for drug corruption treatment and rehabilitation efforts, and for other purposes.
Nicknames	Anti-Drug Abuse Act of 1986
Enacted by	the 99th United States Congress
Effective	October 27, 1986
Public law	99-570
Statutes at Large	100 Stat. 3207 aka 100 Stat. 3207-xviii
Codified
Titles amended	18 U.S.C.: Crimes and Criminal Procedure
U.S.C. sections created	18 U.S.C. ch. 46 § 981 18 UsaC. ch. 95 § 1956-1957
The statesC. sections amended	eighteen U.s.a.C. ch. 96 § 1961
Legislative history
Introduced in the House as H.R. 5484 by James C. Wright Jr. (D–TX) on September 8, 1986 Committee consideration by House Armed forces, House Banking, Finance, and Urban Diplomacy, Firm Instruction and Labor, House Foreign Affairs, House Authorities Operations, House Energy and Commerce, House Interior and Insular Affairs, House Judiciary, Firm Merchant Marine and Fisheries, Business firm Post Part and Civil Service, House Public Works and Transportation, House Means and Means Passed the House on September 11, 1986 (392-16) Passed the Senate on September 30, 1986 (97-ii, in lieu of Due south. 2878) with amendment House agreed to Senate amendment on Oct 17, 1986 (unanimous consent) with further amendment Senate agreed to Business firm amendment on October 17, 1986 (vocalism vote) Signed into law by President Ronald Reagan on October 27, 1986
Major amendments
USA PATRIOT Human activity

The Coin Laundering Command Act of 1986 (Public Law 99-570) is a United States Act of Congress that made money laundering, a federal offense. It was passed in 1986. Information technology consists of 2 sections, eighteen United statesC. § 1956 and eighteen United states of americaC. § 1957. Information technology for the first time in the United states criminalized money laundering. Section 1956 prohibits individuals from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known equally "specified unlawful activities" (SUAs). Additionally, the constabulary requires that an individual specifically intend in making the transaction to conceal the source, ownership or control of the funds. There is no minimum threshold of money, nor is at that place the requirement that the transaction succeed in actually disguising the coin. Moreover, a "fiscal transaction" has been broadly defined, and need not involve a financial institution, or even a business. Merely passing money from 1 person to some other, so long as information technology is done with the intent to disguise the source, ownership, location or control of the coin, has been deemed a financial transaction nether the police. Section 1957 prohibits spending in excess of $10,000 derived from an SUA, regardless of whether the individual wishes to disguise it. This carries a lesser penalty than money laundering, and dissimilar the money laundering statute, requires that the money pass through a financial establishment.^[1] ^[2]

Money Laundry Prevention Officers [edit]

In France: AMF ^[iii]
In Germany: Pequris.^[iv]
In Kingdom of spain: ^[5]
In The states: IMLPO ^[6]

See besides [edit]

Functioning Protect Our Children
Housing and Community Development Act of 1992

References [edit]

^ Cassella, Stephan (September 2007). "Coin Laundering Laws" (PDF) . Retrieved ii March 2011.
^ Doyle, Charles (November 30, 2017). Money Laundering: An Overview of 18 The statesC. § 1956 and Related Federal Criminal Police (PDF). Washington, DC: Congressional Research Service. Retrieved one February 2018.
^ "Prevention of money laundering and terrorist financing".
^ "Geldwäschebeauftragter" (in German).
^ "Servicio Ejecutivo de la Comisión de Prevención de Blanqueo de Capitales".
^ "The Institute of Coin Laundering Prevention Officers".