                 TITLE 18--CRIMES AND CRIMINAL PROCEDURE
 
                             PART I--CRIMES
 
                        CHAPTER 95--RACKETEERING
 
Sec. 1960. Prohibition of illegal money transmitting businesses

    (a) Whoever conducts, controls, manages, supervises, directs, or 
owns all or part of a business, knowing the business is an illegal money 
transmitting business, shall be fined in accordance with this title or 
imprisoned not more than 5 years, or both.
    (b) As used in this section--
        (1) the term ``illegal money transmitting business'' means a 
    money transmitting business which affects interstate or foreign 
    commerce in any manner or degree and--
            (A) is intentionally operated without an appropriate money 
        transmitting license in a State where such operation is 
        punishable as a misdemeanor or a felony under State law; or
            (B) fails to comply with the money transmitting business 
        registration requirements under section 5330 of title 31, United 
        States Code, or regulations prescribed under such section;

        (2) the term ``money transmitting'' includes but is not limited 
    to transferring funds on behalf of the public by any and all means 
    including but not limited to transfers within this country or to 
    locations abroad by wire, check, draft, facsimile, or courier; and
        (3) the term ``State'' means any State of the United States, the 
    District of Columbia, the Northern Mariana Islands, and any 
    commonwealth, territory, or possession of the United States.

(Added Pub. L. 102-550, title XV, Sec. 1512(a), Oct. 28, 1992, 106 Stat. 
4057; amended Pub. L. 103-325, title IV, Sec. 408(c), Sept. 23, 1994, 
108 Stat. 2252.)


                               Amendments

    1994--Subsec. (b)(1). Pub. L. 103-325 amended par. (1) generally. 
Prior to amendment, par. (1) read as follows:
    ``(1) the term `illegal money transmitting business' means a money 
transmitting business that affects interstate or foreign commerce in any 
manner or degree and which is knowingly operated in a State--
        ``(A) without the appropriate money transmitting State license; 
    and
        ``(B) where such operation is punishable as a misdemeanor or a 
    felony under State law;''.

                  Section Referred to in Other Sections

    This section is referred to in sections 982, 986, 1956 of this 
title; title 12 sections 1786, 1818; title 31 section 5328.
