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====== International Money Laundering ======
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

**International Money Laundering** is when an individual or entity is prohibited from Transporting or attempting to transport funds in or out of the US
  - With the intent to promote “specified unlawful activity”
  - With knowledge that the property involved represents the proceeds of unlawful activity and knowledge that the transport is designed in whole or in part to:
    - Conceal or disguise the location, source, ownership, or control of the proceeds of specified unlawful activity
    - Avoid a reporting requirement under federal or state law

Source: [[https://complianceconcourse.willkie.com/resources/anti-money-laundering-us-money-laundering-control-act ]]


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