Reading Room Document

Bank Deposit of Government Funds

The document is a legal opinion on the legality of a proposed undercover operation to launder money for narcotic trafficking organizations. The conclusion reached is that bank deposits of violator-provided funds can be approved, but strict accounting procedures must be followed. The document raises questions about the limitations imposed by specific statutes on bank deposits of government funds, as well as the distinction between government and non-government funds in terms of legal constraints and accounting requirements. It also presents the issue of potential liability to third parties and the need for protection of public funds.

October 2, 1981