Page:United States Statutes at Large Volume 104 Part 6.djvu/401

 PUBLIC LAW 101-647—NOV. 29, 1990 104 STAT. 4791 that summarizes the findings and recommendations of the Task Force under subsection (a)(1), and includes any additional recommendations by the Secretary, (c) AUTHORIZATION OF APPROPRIATIONS.—T here are authorized to be appropriated such sums as may be necessary to carry out the purposes of this section. SEC. 103. CONFORMING AMENDMENT RELATING TO THE EQUITABLE TRANSFER OF FORFEITED PROPERTY TO A PARTICIPATING FOREIGN NATION. Section 981(i) of title 18, United States Code, is amended— (1) by striking out the matter before paragraph (1); (2) by realigning paragraphs (1) through (5) 2 ems to the left, so that the left margins of such paragraphs are flush; (3) by striking out "(1) Notwithstanding" in paragraph (1) and all that follows through the end of the second sentence of that paragraph and inserting in lieu thereof the following: "(i)(l) Whenever property is civilly or criminally forfeited under this chapter, the Attorney General or the Secretary of the Treasury, as the case may be, may transfer the forfeited personal property or the proceeds of the sale of any forfeited personal or real property to any foreign country which participated directly or indirectly in the seizure or forfeiture of the property, if such a transfer— "(A) has been agreed to by the Secretary of State; "(B) is authorized in an international agreement between the United States and the foreign country; and "(C) is made to a country which, if applicable, has been certified under section 481(h) of the Foreign Assistance Act of 1961."; (4) by inserting after "Attorney General" in the third and fifth sentences of paragraph (1) the following: "or the Secretary of the Treasury"; and (5) by striking out the last sentence of paragraph (1). SEC. 104. ADDITION OF CONFORMING PREDICATE MONEY LAUNDERING REFERENCES TO "INSIDER" EXEMPTION FROM THE RIGHT TO FINANCIAL PRIVACY ACT. Section 1113(1)(2) of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3413(1)(2)) is amended by inserting "or of section 1956 or 1957 of title 18, United States Code" after "any provision of subchapter II of chapter 53 of title 31, United States Code". SEC. 105. CLARIFICATION OF DEFINITION OF "MONETARY IN- STRUMENTS". Section 1956(c)(5) of title 18, United States Code, is amended to read as follows: "(5) the term 'monetary instruments' means (i) coin or currency of the United States or of any other country, travelers' checks, personal checks, bank checks, and money orders, or (ii) investment securities or negotiable instruments, in bearer form or otherwise in such form that title thereto passes upon delivery;". SEC. 106. MONEY LAUNDERING AMENDMENTS. Section 1956(c)(1) of title 18, United States Code, is amended by striking "State or Federal" and inserting "State, Federal, or foreign". ,

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