[Congressional Record Volume 144, Number 147 (Thursday, October 15, 1998)]
[Senate]
[Page S12655]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          AMENDMENTS SUBMITTED

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       MONEY LAUNDERING AND FINANCIAL CRIMES STRATEGY ACT OF 1998

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               GRASSLEY (AND D'AMATO) AMENDMENT NO. 3828

  Mr. CRAIG (for Mr. Grassley for himself and Mr. D'Amato) proposed an 
amendment to the bill (H.R. 1756) to amend chapter 53 of title 31, 
United States Code, to require the development and implementation by 
the Secretary of the Treasury of a national money laundering and 
related financial crimes strategy to combat money laundering and 
related financial crimes, and for other purposes; as follows:

       On page 2, strike line 21, and all that follows through 
     page 3, line 3 and insert the following:
       ``(2) Money laundering and related financial crime.--The 
     term `money laundering and related financial crime'--
       ``(A) means the movement of illicit cash or cash equivalent 
     proceeds into, out of, or through the United States, or into, 
     out of, or through United States financial institutions, as 
     defined in section 5312 of title 31, United States Code; or
       ``(B) has the meaning given that term (or the term used for 
     an equivalent offense) under State and local criminal 
     statutes pertaining to the movement of illicit cash or cash 
     equivalent proceeds.''.

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