Money Laundering Bill Moves Forward

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Friday, August 1, 1986
Author: 
Bruce Zagaris
Volume: 
2
Issue: 
8
Abstract: 
On July 29, 1986, the House Judiciary Committee approved H.R. 5217, which will penalize persons who disguise the origin of money obtained illegally from such activities as drug dealing, prostitution, investment fraud, gambling or racketeering.