AMENDMENT 216

Amendment: Section 2S1.3(a)(1)(C) is amended by deleting "the proceeds of criminal activity" and inserting in lieu thereof "criminally derived property", and in subsection (b)(1) by inserting "property" immediately following "criminally derived".

The Commentary to §2S1.3 captioned "Application Note" is amended by deleting:

"1. As used in this guideline, funds or other property are the ‘proceeds of criminal activity’ or ‘criminally derived’ if they are ‘criminally derived property,’ within the meaning of 18 U.S.C. § 1957.",

and inserting in lieu thereof:

"1. ‘Criminally derived property’ means any property constituting, or derived from, proceeds obtained from a criminal offense. See 18 U.S.C. § 1957(f)(2).".

Reason for Amendment: The purpose of this amendment is to clarify the guideline.

Effective Date: The effective date of this amendment is November 1, 1989.