International Money Laundering

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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 activityAvoid a reporting requirement under federal or state lawSource: https://complianceconcourse.willkie.com/resources/anti-money-laundering-us-money-laundering-control-act