Which statement about U.S. Specified Unlawful Activities (SUA) is true?

The correct answer is A. At least one SUA must be proven in order to pursue a money laundering conviction. According to 18 U.S.C. § 1956, the money laundering statute, the property involved in a financial transaction must represent the proceeds of some form of unlawful activity, which is defined as a specified unlawful activity (SUA). SUAs include over 250 crimes in six categories…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

AAt least one SUA must be proven in order to pursue a money laundering conviction
BSUAs are generally limited to a small sub-set of crimes
CIn order to secure a conviction, the defendant must be proven to have known the precise nature
DSUAs are limited to crimes that occur within the borders of the U.S. and its territories and

How the community answered

(29 responses)

A
79% (23)
B
7% (2)
C
10% (3)
D
3% (1)

Explanation

According to 18 U.S.C. § 1956, the money laundering statute, the property involved in a financial transaction must represent the proceeds of some form of unlawful activity, which is defined as a specified unlawful activity (SUA). SUAs include over 250 crimes in six categories, such as RICO predicate offenses, certain offenses against foreign nations, acts constituting a criminal enterprise under the Controlled Substances Act, and federal health care offenses. Therefore, in order to pursue a money laundering conviction, the government must prove that at least one SUA was committed and that the property involved in the transaction was derived from that SUA.

Topics

#Specified Unlawful Activities#predicate offenses#money laundering conviction#U.S. AML law

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