Commingled Funds: How to Seize Proceeds of Electronic Crime
Abstract
Under US law, whether the proceeds of electronic crime can be identified and seized where the funds have been commingled with legitimate funds depends on whether the legitimate funds somehow facilitated the concealment and laundering of criminal proceeds. The US criminal forfeiture statute, 18 US Code, s. 983, and the civil forfeiture statute, 18 US Code, s. 981, provide that all property involved in the offence is subject to forfeiture.
Citation
Candler, L.J. (1998), "Commingled Funds: How to Seize Proceeds of Electronic Crime", Journal of Money Laundering Control, Vol. 1 No. 4, pp. 312-315. https://doi.org/10.1108/eb027154
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited