Prior to the passage of the Money Laundering Control Act of 1986,money laundering was not a federal crime.

Name: Prior to the passage of the Money Laundering Control Act of 1986,money laundering was not a federal crime.
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

Prior to 1986, money laundering was considered a state crime and there was no federal statute that specifically criminalized it. The Money Laundering Control Act of 1986 made it a federal crime and established specific penalties for offenders.

Prior to the Passage of the Money Laundering Control Act