Look up Money Laundering and Financial Crimes Strategy Act of 1998 and read it fully. the section under Part 1 that begins with SS 5342 High-risk money laundering and related financial crime areas. Conduct a detailed analysis of the above subsection and provisions. Using a process similar to one you may have used in your high school English classes, dissect each sentence to explore the meaning of each of the requirements and phrases, and the intent of the specific language.

Draft a new section to propose to congress for amending the BSA. Write in legal language and provide an accompanying brief explanatory note describing the intent of your proposed legislative language. This reflects your understanding of the legal framework and process.

Draft a procedure that you think would benefit your organization (if employed, use a hypothetical construct if not) that specifically addresses an area of risk that you learned about in this course and feel is not adequately controlled in your current processes.

The purpose of this portion of the assignment is to test your knowledge of how money launderers corrupt the system and where they could be successful. You will use the information in this course and from your outside experience to put yourself in the shoes of a money launderer and propose a hypothetical money laundering exercise with the following parameters: