Project STAMP shuts down human smuggling/trafficking organizations by identifying and seizing assets, monies and proceeds derived or used in support of criminal activity.
Penalties for violating the money laundering statutes (Title 18, U.S.C. §§ 1956, 1957) are significant and include fines of up to $500,000 and/or imprisonment up to 20 years. Furthermore, any property, real or personal (or traceable to such property), involved in a transaction or attempted transaction is subject to forfeiture.
Federal laws permit law enforcement to charge individuals involved in smuggling, peonage, slavery and human trafficking with money laundering violations. These enhanced penalties can be an important determining factor for an assistant U.S. attorney when deciding whether or not to federally prosecute human trafficking/smuggling violators.
The Bank Secrecy Act (BSA) requires financial institutions in the United States to assist federal government agencies in the detection and prevention of money laundering. Financial institutions must report suspicious activity that might signify money laundering or other criminal activities. Doing so assists ICE in initiating new criminal investigations and identifying people, bank accounts and assets associated with criminal organizations.
Protecting America is more than just a responsibility for government agencies; it’s a shared mission for all Americans. The importance of private sector partnership in this shared mission cannot be overstated. There are several ways individuals and businesses can help: