As seen on:
Grey Tesh
1610 Southern Blvd.
West Palm Beach, FL
33406
Board Certified
Criminal Trial Specialist
(561) 686-6886
There are two money laundering statutes. They are found in 18 USC Section 1956 and Section 1957. The following elements are included in the section 1957:
1. Defendant must engage in a monetary transaction;
2. Involving more than $10,000 in tainted funds;
3. Defendant must know the funds are from a criminal activity; and
4. Funds are from a specific unlawful activity.
Generally, this section of the statute is used regarding a transaction at a financial institution such as a bank. Also, it is utilized regarding offenses under the RICO Act including drug offenses, mail fraud, wire fraud, and bank fraud.

