Page:United States Statutes at Large Volume 100 Part 4.djvu/297

 PUBLIC LAW 99-570—OCT. 27, 1986

100 STAT. 3207-18

United States Code, or $2,000,000 if the defendant is an individual or $10,000,000 if the defendant is other than an individual, or both. Any sentence imposing a term of imprisonment under this paragraph shall, in the absence of such a prior conviction, impose a term of supervised release of at least 3 years in addition to such term of imprisonment and shall, if there was such a prior conviction, impose a term of supervised release of at least 6 years in addition to such term of imprisonment. Notwithstanding the prior sentence, and notwithstanding any other provision of law, the court shall not place on probation or suspend the sentence of any person sentenced under the provisions of this paragraph which provide for a mandatory term of imprisonment if death or serious bodily injury results, nor shall a person so sentenced be eligible for parole during the term o^ such a sentence.". (b) Section 1010(b)(4) of the Controlled Substances Import and Ante, p. 3207-15. Export Act (21 U.S.C. 960(b)(4)), as redesignated, is amended— (1) by striking out ", except as provided in paragraph (4)"; (2) by striking out "fined not more than $50,000" and inserting in lieu thereof "fined not to exceed the greater of that authorized in accordance with the provisions of title 18, United States Code, or $250,000 if the defendant is an individual or $1,000,000 if the defendant is other than an individual"; and (3) by inserting "except in the case of 100 or more marihuana plants regardless of weight," after "marihuana,". Subtitle H—Money Laundering Control Act of 1986 SEC. 1351. SHORT TITLE.

Money Laundering Control Act of 1986.

This subtitle may be cited as the "Money Laundering Control Act 18 USC 981 note. of 1986". SEC. 1352. NEW OFFENSE FOR LAUNDERING OF MONETARY INSTRUMENTS. (a) Chapter 95 of title 18, United States Code, is amended by adding at the end thereof the following: "§ 1956. Laundering of monetary instruments 18 USC 1956. "(a)(1) Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity— "(A) with the intent to promote the carrying on of specified unlawful activity; or "(B) knowing that the transaction is designed in whole or in part— "(i) to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of V 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. "(2) Whoever transports or attempts to transport a monetary instrument or funds from a place in the United States to or through a place outside the United States or to a place in the United States from or through a place outside the United States—

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