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Money Laundering Offenders, 1994-2001

NCJ Number
199574
Date Published
July 2003
Length
11 pages
Author(s)
Mark Motivans Ph.D
Agencies
BJS
Publication Series
Publication Type
Statistics
Annotation
This report uses data from the Federal Justice Statistics Program to describe the criminal case processing of money-laundering offenders in the Federal criminal justice system from 1994 through 2001.
Abstract
Between 1994 and 2001, approximately 18,500 defendants were charged (any charge) with money laundering in U.S. district courts. A total of 10,610 were charged with money laundering as the most serious offense filed; 9,169 money laundering defendants were convicted. Nearly half of all Federal money laundering matters were referred in the six geographic areas defined as High Intensity Financial Crimes Areas by the U.S. Department of Treasury and Justice. Approximately 60 percent of laundering/racketeering (Title 18) offenses prosecuted involved an underlying property offense (embezzlement or fraud); and approximately 17 percent involved racketeering or violations of customs laws. Approximately 9 in 10 defendants prosecuted for money laundering were convicted, with 9 in 10 convictions involving a guilty plea. Nearly three out of four convicted defendants received a prison term, with the average sentence being just over 4 years. In 2001 the 22 commercial defendants charged with money laundering included auto dealerships, grocery stores, banks, furniture stores, construction firms, and beauty shops. These were a small fraction of money laundering defendants. 6 tables and 10 figures
Date Created: December 28, 2009