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

**Domestic Money Laundering** is when an individual or entity is prohibited from:

  - Conducting or attempting to conduct financial transactions
  - Involving the proceeds of “specified unlawful activity”
  - Knowing that the proceeds are criminally derived
  - Has any of the engages in the following characteristics:
    - With the intent to promote that specified unlawful activity
    - with the intent to violate certain tax laws
    - With knowledge that the transaction is designed to conceal
    - To Disguise the location, source, ownership, control of the proceeds of a specified unlawful activity
    - With knowledge that the transaction is designed to 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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