Money Laundering Control Act (MLCA), 1986

The Money Laundering Control Act of 1986 (MLCA) was passed in 1984. It is a United States Act of Congress that made money laundering a Federal crime and is one of the most porweful anti-money laundering laws in the world.

This Act strengthened the Bank Secrecy Act (BSA) in many respects and resulted in the creation of the following money laundering offenses:

• Deliberately avoiding reporting requirements under the BSA.
• Knowingly aiding a criminal to launder money.
• Knowingly engaging in a financial transaction in excess of USD 10,000 with proceeds from criminal activity.