Money laundering fines and penalties

If anyone has been found to have broken these laws, then the penalties handed out are incredibly severe. Criminal penalties for money laundering include imprisonment, fines, and forfeiture. The penalties are:

  • Domestic money laundering (18 USC section 1956(a)(1)) and international money laundering offenses (section 1956(a)(2)): Incarceration up to 20 years and a fine of up to $500,000, or twice the value of the proceeds involved in the violation
  • ‘Sting’ violations (1956(a)(3)): Incarceration up to 20 years and a fine of up to $250,000 (or up to $500,000 for organizations)
  • Section 1957 offenses: A maximum period of incarceration of 10 years and a fine of up to the greater of either $250,000 or twice the value of the criminally derived property involved in the offense. Entities can face up to $500,000 in fines or twice the value of the illicit funds involved
  • 31 U.S.C. § 5332 (Bulk cash smuggling) offenses: Up to five years' imprisonment. Plus, the person involved must forfeit any property involved in the offense.

Anyone working in the United States banking and/or securities transactions MUST undergo annual training for the procedures for identifying and preventing money laundering, and becoming thoroughly familiarity with the severe  penalties of committing a crime of money laundering as stated above.

Now, it is being reported that the individual presently occupying the White House as the country’s Chief Executive has some 20 separate shell companies amongst his immediate family which are alleged to serve no business purpose other than to launder funds from bribes and kickbacks.  





Now, instead of executing these laws which were designed to reduce and control those criminal activities most harmful to society, such as narcotics, pedophilia, and human trafficking, it appears that some are actually now questioning whether such anti-money laundering laws should be abolished?  Is this merely to ‘protect’ those in power?


Observation seems to indicate that from a Biblical standpoint, perhaps the ‘Man of Lawlessness’ has arrived.  

Posted in Default Category on May 16 2023 at 05:51 PM

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