Application of 18 USC 1960 to Informal Money Service Businesses

Stefan D. Cassella, US Dept of Justice

Abstract

The article proposes that 18 USC 1960, a criminal statute that criminalizes the unlicensed operation of a money service business, may be used to prosecute not only traditional bricks and mortar businesses, but also informal money transfer operations of the kind typically used by drug trafficking, terrorist financing and other criminal organizations.