Money Laundering Act of 2001

Summary

Money Laundering Act of 2001 - Modifies money laundering provisions of various laws, including the Federal criminal code (the code), the Internal Revenue Code, the Controlled Substances Act, the Federal Deposit Insurance Act (FDIA), and the Immigration and Nationality Act (INA). Grants the U.S. district courts jurisdiction over money laundering offenses of certain foreign persons. Expands the definition of "specified unlawful activity" to cover certain listed offenses, including computer fraud and abuse, fraud in the purchase of securities, certain Clean Air Act violations, alien smuggling, and wildlife protection offenses. Prohibits knowingly concealing, with intent to evade a currency reporting requirement, more than $10,000 in currency or other monetary instruments on an individual's person or in any conveyance, article of luggage, merchandise, or other container and transporting or transferring such currency or monetary instruments from a place within, to a place outside, the United States, or vice versa. Sets forth penalties for violations. Modifies civil and criminal forfeiture provisions, including to provide that if the seizure warrant is obtained after the property to be seized has been listed in an indictment, criminal information, or related bill of particulars, the requirement that the warrant be executed within ten days shall not apply. Amends: (1) the FDIA and specified monetary law to increase civil and criminal penalties for violation of record-keeping requirements; and (2) the INA to include as an excludable alien any individual who is engaged in money laundering activities.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 October 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 October 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 October 2001

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.