Intelligence Law Glossary - Major Money Laundering Country [HTML-Only]


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Major Money Laundering Country

Statutory Law

22 U.S.C. § 2291(e)(7) (2010) (Title 22—Chapter 32: Foreign Assistance: International Development: International Narcotics Control)

(e) Definitions.  For purposes of this chapter and other provisions of this Act relating specifically to international narcotics matters—
   (7) the term "major money laundering country" means a country whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking;