`(i) involves the manufacture, importation, sale, or distribution of a controlled substance (as that term is defined for purposes of the Controlled Substances Act), or any other conduct described in section 1956(c)(7)(B);
`(ii) would be punishable within the jurisdiction of the foreign nation by death or imprisonment for a term exceeding 1 year; and
`(iii) would be punishable under the laws of the United States by imprisonment for a term exceeding 1 year, if the act or activity constituting the offense had occurred within the jurisdiction of the United States.'.
Subtitle C--Currency Crimes and Protection
SEC. 372. FORFEITURE IN CURRENCY REPORTING CASES.
(a) IN GENERAL- Subsection (c) of section 5317 of title 31, United States Code, is amended to read as follows:
`(c) FORFEITURE-
`(1) CRIMINAL FORFEITURE-
`(A) IN GENERAL- The court in imposing sentence for any violation of section 5313, 5316, or 5324 of this title, or any conspiracy to commit such violation, shall order the defendant to forfeit all property, real or personal, involved in the offense and any property traceable thereto.
`(B) PROCEDURE- Forfeitures under this paragraph shall be governed by the procedures established in section 413 of the Controlled Substances Act.
`(2) CIVIL FORFEITURE- Any property involved in a violation of section 5313, 5316, or 5324 of this title, or any conspiracy to commit any such violation, and any property traceable to any such violation or conspiracy, may be seized and forfeited to the United States in accordance with the procedures governing civil forfeitures in money laundering cases pursuant to section 981(a)(1)(A) of title 18, United States Code.'.
(b) CONFORMING AMENDMENTS-
(1) Section 981(a)(1)(A) of title 18, United States Code, is amended--
(A) by striking `of section 5313(a) or 5324(a) of title 31, or'; and
(B) by striking `However' and all that follows through the end of the subparagraph.
(2) Section 982(a)(1) of title 18, United States Code, is amended--
(A) by striking `of section 5313(a), 5316, or 5324 of title 31, or'; and
(B) by striking `However' and all that follows through the end of the paragraph.