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Author Topic: statue of limitations for money laundering  (Read 4663 times)
koin
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January 03, 2012, 08:28:33 AM
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"A five year criminal statute of limitations applies to all money laundering violations of 18 USC §1956 and 18 USC §1957. The five year statute also applies to violations of 18 USC §1960 absent any other specific provision. The statute of limitations runs from the date on which the money laundering offense was completed".
http://www.irs.gov/irm/part9/irm_09-005-005.html#d0e64

so if the money launderer only receives bitcoins and never spends them until 5 years has passed, wouldn't it be a.) be hard to prove guilt b.) cause the money launderer to go insane during those five years from fighting the temptation to spend as the value skyrockets?
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January 04, 2012, 01:40:13 AM
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That seems to apply only to specific Title 18 and Title 31 violations over which the IRS can establish jurisdiction in accordance with Memorandums of Understanding with other agencies and not other violations or other legislation over which the IRS does not have jurisdiction.  There are other laws - RICO springs to mind - under which other agencies could pursue money laundering charges which have different provisions.



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