which u.s. law criminalized money laundering for the first time?
The Money Laundering Control Act of 1986 (Public Law 99-570) is a United States Act of Congress that made money laundering a federal crime. It was passed in 1986. It consists of two sections, 18 U.S.C. Â§ 1956 and 18 U.S.C. Â§ 1957. It for the first time in the United States criminalized money laundering.