What is money laundering? How might money laundering be reduced or prevented? Can you think of any strategies this chapter does not discuss for the reduction of money laundering activities in the United States? If so, what are they?
What will be an ideal response?
Money laundering is the process by which illegal gains are disguised as legal income. Efforts to prevent money laundering include federal laws, such as the 1986 Money Laundering Control Act and the Bank Secrecy Act.
Answers will vary.
You might also like to view...
The test for determining the "same offense" for double jeopardy purposes was announced in which case?
a. Benton v. Maryland b. Gideon v. Wainwright c. Kansas v. Hendricks d. Blockburger v. United States
The term ______ refers to a challenge of the legality of confinement and is a Latin term that means “you have the body.”
a. guilty b. civil liability c. habeas corpus d. tort
The advent of the juvenile justice system was a direct result of the treatment juveniles were receiving in correctional facilities and adult prisons, which was also described in Charles Dickens's classic story Oliver Twist.
Answer the following statement true (T) or false (F)
If an undercover officer assumes the role as drug dealer and sells drugs, this is considered a ____ ____
Fill in the blank(s) with correct word