In 2001, as part of the USA Patriot Act, the Treasury Department was given a new tool against money laundering, known as "Section 311," after the relevant section of the law, to designate foreign financial institutions, jurisdictions, or entities as "of primary money laundering concern."
A Section 311 designation was meant to help authorities highlight suspicious patterns of activity without having to prove any single transaction was illegal—it's the rough equivalent for money laundering of the criminal RICO statute, the Racketeer Influenced and Corrupt Organizations Act, that allows prosecutors to take down entire mafia families, drug cartels, and street gangs without having to prove everyone involved knew about or participated in all the various individual crimes.
If Trump Is Laundering Russian Money, Here's How It Works
From To Read, a Flipboard magazine by shawn marie hunsinger
For Donald Trump, there was the purchase of the $12.6 million Scottish estate and the $79.7 million for golf courses in the United Kingdom,…
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