Monday, June 02, 2008
Ind. Decisions - U.S. Supreme Court rules on Lake County definition of "money laundering" case
In a 5-4 ruling, Justice Antonin Scalia said that money laundering refers to profits of an illegal operation, not gross receipts. The court's interpretation is a narrow one opposed by law enforcement agencies.SCOTUS Blog has a useful commentary on the opinion, headed "The Santos Resolution (?)."
Scalia said the narrow definition will not unduly burden authorities, who must show only that a single instance of unlawful activity was profitable.
[More] Santos was one of two money laundering cases decided today by the SCOTUS, per this story on Bloomberg.com headed "Money Laundering Law Narrowed in U.S. Supreme Court Rulings."
Posted by Marcia Oddi on June 2, 2008 11:11 AM
Posted to Ind. (7th Cir.) Decisions