181. CNN.com - Have Dirty Money, Will Launder In Asia - July 2, 2001 CNN http://cnn.com/2001/WORLD/asiapcf/auspac/07/01/asia.laundering/index.html

MAIN PAGE WORLD U.S. WEATHER ... ABOUT US CNN TV what's on show transcripts CNN Headline News CNN International ... askCNN EDITIONS CNN.com Asia CNN.com Europe set your edition Languages Time, Inc. Time.com People Fortune EW Have dirty money, will launder in Asia By CNN's Marianne Bray in Hong Kong HONG KONG, China For years Mexican drugs cartels and Colombian smugglers have funneled their ill-gotten gains into the steamy havens of Panama and the Bahamas. But the tiny Pacific island of Nauru, home to 100,000 people, one main road and a reported 400 banks, has become one of the world's dirty money hot spots. That's according to the Financial Action Task Force (FATF), which in a report last week said it would slap sanctions on "non-cooperative" Nauru along with the Philippines for failing to clamp down on money laundering. But they're not the only Asian culprits landing on the hotseat. Myanmar and Indonesia have become the latest Asian newcomers in shady banking joining the Cook Islands, the Marshall Islands and Niue according to the task force formed by the Group of Seven and represented by 29 nations. The Asians have ousted Carribean old-timers, such as the Bahamas and the Cayman Islands, off the list.

182. CNN.com - Feds Bust Multimillion-dollar Drug Ring - Aug. 29, 2003 CNN http://cnn.com/2003/LAW/08/29/money.laundering/index.html

The Web CNN.com Home Page World U.S. Weather ... Special Reports SERVICES Video E-mail Newsletters CNNtoGO SEARCH Web CNN.com Feds bust multimillion-dollar drug ring Story Tools MIAMI, Florida (CNN) Details of a multimillion dollar money-laundering and drug smuggling business become public Friday when federal authorities disclose specifics about the two-continent operation, U.S. Drug Enforcement Administration sources said. A news conference at the U.S. attorney's office in Miami will provide information about the four-year-long laundering operation of about $20 million, $13 million of which has been seized by federal authorities. Primary transactions occurred between Fort Lauderdale, Florida, and Colombia, but tentacles stretched into several other U.S. cities. Cocaine was among the drugs involved. Sources said 30 of 39 people who have been indicted are in custody. Twelve were arrested in Colombia. YOUR E-MAIL ALERTS Organized Crime Colombia or Create your own Manage alerts What is this? Nine people waived their first court appearances Thursday in U.S. District Court in Fort Lauderdale, and three more are expected to appear Friday. The sources say the arrested include some Colombian suspects "who were lured here to pick up drugs or money" as part of the investigation.

183. White House Targets Money-laundering In New National Strategy - September 24, 19 CNN http://www.cnn.com/ALLPOLITICS/stories/1999/09/24/money.laundering/index.html

White House targets money-laundering in new national strategy September 24, 1999 Web posted at: 4:38 a.m. EDT (0838 GMT) WASHINGTON (CNN) The Clinton administration has unveiled a new national strategy to fight money laundering with a package of proposed new laws and rules aimed at interrupting the flow of billions of criminal dollars through the U.S. financial system. In this story: Proposal termed 'essential' in the war on drugs 'Rogue jurisdictions' to be targeted Officials insist timing unrelated to Russia Money-laundering occurs when criminals seek to make illegally obtained funds look legitimate by funnelling them through a string of banks and businesses until the money's origin is obscured. ... Proposal termed 'essential' in the war on drugs At a joint news conference Thursday, Attorney General Janet Reno and Treasury Secretary Lawrence Summers outlined the broadened attack plan, designed to make it harder for money gained through criminal activities, largely drug-trafficking, to be recycled through the United States. "Money laundering is a very sophisticated crime and we must be equally sophisticated," Reno said. Summers called the package "an essential front in the war on narcotics."

184. US CODE: Title 18,1956. Laundering Of Monetary Instruments TITLE 18 PART I CHAPTER 95 § 1956, Prev Next. § 1956. laundering of monetary instruments. Release date 200508-03 http://www4.law.cornell.edu/uscode/html/uscode18/usc_sec_18_00001956----000-.htm

Skip to content US Code collection collection home faq search donate ... Next Release date: 2005-08-03 (a) (A) (i) with the intent to promote the carrying on of specified unlawful activity; or (ii) with intent to engage in conduct constituting a violation of section 7201 or 7206 of the Internal Revenue Code of 1986; or (B) (i) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity; or (ii) to avoid a transaction reporting requirement under State or Federal law, shall be sentenced to a fine of not more than $500,000 or twice the value of the property involved in the transaction, whichever is greater, or imprisonment for not more than twenty years, or both. (A) with the intent to promote the carrying on of specified unlawful activity; or (B) (i) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity; or (ii) to avoid a transaction reporting requirement under State or Federal law, (A) to promote the carrying on of specified unlawful activity;

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