Money laundering is very commonly or has
traditionally very commonly been taking
unlawful money and either spending it.
There is one statute under 1957, United
States Code 1957 that is strictly
spending more than $10,000 in an
unlawful way. Then you have the 1956
uh United States Code 1956 money
laundering cases which have to do with
the disguising, concealing or use of
disguised or concealed proceeds in order
to further some other kind of unlawful
activity. So, your 1957 money
laundering, you’re spending unlawful
money, having $10,01
uh that you earned from drug dealing or
unlaw unlawful investing and spending it
on a car is your more traditional, but
with your 1956, we’re talking about a
much more sophisticated form with higher
penalties, which happens to be 20 years
of concealment. So there’s a lot of bank
analysis. Bank records is the bread and
butter of money laundering
investigations for the Department of
Justice uh in this space. But as with
the rise of cryptocurrency,
um they are having to adapt to that
because we’re talking about people who
in Oklahoma have the same access that
they never would have had before uh to
somebody who is in Hong Kong in order to
establish these international
transactions. So there’s really, you
know, it’s an emerging area that the
government is catching up on, but
they’re not all the way there yet.