High Court Agrees To Hear Money-Laundering Case

Law360, New York (April 23, 2007, 12:00 AM EDT) -- The U.S. Supreme Court agreed Monday to hear a case that threatens to make it harder for federal prosecutors to win money-laundering disputes by forcing them to prove the alleged activity generated profit.

The move was a boon for the U.S. Department of Justice, which had urged the High Court in a brief filed earlier this month to reconsider a federal appeals court ruling that increased the agency’s burden of proof to win convictions.

The DOJ’s solicitor general said the decision from Chicago’s U.S. Court of...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.