And the U.S. Sentencing Commission reported that only 715 people were sentenced in 2000 for the crime of money laundering (an additional 800 people were sentenced for money laundering plus another offense).
Not all proposed sales of FINRA member firms get shot down because of organized crime or money laundering concerns.
FORBES: Brokerage Firm Sale Runs Afoul of FINRA Private Securities Transaction Rule
With the prosecution resting on a civil complaint charging Gold and Silver Reserve, Inc. with operating as an unlicensed money-transmitting business, Jackson finally acquiesced in July 2008 and plead guilty to conspiracy to commit money laundering (a victimless crime) and operation of an unlicensed money transmitting business rather than the alternative threat of 20 years in jail and a half million dollar fine.
The 49-year-old was sentenced by a court in Sofia last month to seven-and-a-half years in jail after being found guilty of heading an organised crime gang and money laundering.
In November, a Nicaraguan judge found Puracal guilty of money laundering, drug trafficking and organized crime and sentenced the American to 22 years.
The legislation also authorizes the U.S Government to offer rewards for information leading to the arrest or conviction of individuals involved in transnational organized crime, such as money laundering and trafficking in persons, arms, and illicit goods.
The aim of this initiative is to combat drug trafficking, transnational crime and money laundering.
Money laundering is the process of disguising the proceeds of crime so that the money cannot be linked to the wrongdoing.
It is conceivable that some of the companies livedoor acquired were in the pocket of yakuza crime syndicates, for instance, which used them for money-laundering.
He also said a re-elected SNP government would bring in serious crime prevention orders to allow courts to restrict the activities of criminals and "the illegal fronts for their money-laundering operations".
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