Money Laundering Control Act of 1986 - How is Money Laundering Control Act of 1986 abbreviated?
MLCA (redirected from Money Laundering Control Act of 1986)
|MLCA||Multi Link Channel Aggregation|
|MLCA||Manitouwabing Lake Community Association (McKellar, Ontario, Canada)|
|MLCA||Money Laundering Control Act of 1986|
|MLCA||Maintenance and Logistics Command Atlantic|
|MLCA||Multi-Level Computing Architecture|
|MLCA||Multi-Lakes Conservation Association (Commerce, MI)|
|MLCA||Multilink Channel Aggregation|
|MLCA||Magoun Landing Civic Association (West Islip, NY)|
References in periodicals archive
The Money Laundering Control Act of 1986
("MLCA") makes it a federal crime to launder the "proceeds" from "specified unlawful activity." (71) In enacting the MLCA, Congress had two purposes in mind.
Money launderers easily avoided the BSA's requirements by structuring transactions under the $10,000 limit, so Congress amended the act with the Money Laundering Control Act of 1986
(MLCA), to prevent such circumvention.
(46) For example, the United States passed the Money Laundering Control Act of 1986
, (47) which criminalized money laundering and knowing assistance in money laundering criminal acts.