Page:United States Statutes at Large Volume 112 Part 5.djvu/183

 PUBLIC LAW 105-310—OCT. 30, 1998 112 STAT. 2941 Public Law 105-310 105th Congress An Act To amend chapter 53 of title 31, United States Code, to require the development and implementation by the Secretary of the Treasury of a national money laundering and related financial crimes strategy to combat money laundering and related financial crimes, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the "Money Laundering and Financial Crimes Strategy Act of 1998". SEC. 2. MONEY LAUNDERING AND RELATED FINANCIAL CRIMES. (a) IN GENERAL.— Chapter 53 of title 31, United States Code is amended by adding at the end the following new subchapter: " SUBCHAPTER III—MONEY LAUNDERING AND RELATED FINANCIAL CRIMES '' §5340. Definitions "For purposes of this subchapter, the following definitions shall apply: "(1) DEPARTMENT OF THE TREASURY LAW ENFORCEMENT ORGANIZATIONS.— The term 'Department of the Treasury law enforcement organizations' has the meaning given to such term in section 9703(p)(l). " (2) MONEY LAUNDERING AND RELATED FINANCIAL CRIME.— The term 'money laundering and related financial crime'— "(A) means the movement of illicit cash or cash equivalent proceeds into, out of, or through the United States, or into, out of, or through United States financial institutions, as defined in section 5312 of title 31, United States Code; or "(B) has the meaning given that term (or the term used for an equivalent offense) under State and local criminal statutes pertaining to the movement of illicit cash or cash equivalent proceeds. "(3) SECRETARY. — The term 'Secretary' means the Secretary of the Treasury. "(4) ATTORNEY GENERAL. —The term 'Attorney General' means the Attorney General of the United States. Oct. 30, 1998 [H.R. 1756] Money Laundering and Financial Crimes Strategy Act of 1998. 31 USC 5301 note.

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