Massachusetts H1789 establishes a new chapter to address profits from crime, requiring entities to file bonds and notifying victims of contracts with.
Massachusetts H1789 introduces a new chapter to manage profits from crime. It mandates that any entity contracting with a defendant, knowing the contract may involve crime proceeds, must file a bond with the Division of Victim Compensation. This bond is to cover any proceeds from the crime. If victims' claims are satisfied or no claims are filed within three years, half of the bond is returned to the contracting party, while the other half goes to the victim compensation fund. The division can hold the bond if the contract involves crime proceeds.
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