HB 1472 Modifies provisions relating to the offense of money laundering

     Handler: White

Current Bill Summary

- Prepared by Senate Research -

SS#2/SCS/HCS/HB 1472 - This act modifies the offense of money laundering to include when a person conducts a financial transaction with the purpose to promote or aid criminal activity, to disguise criminal activity, to avoid reporting requirements under federal law, or to aid any terrorist threat.

Under this act, a "financial transaction" shall include a transaction involving the movement of funds by wire; a transaction involving monetary instruments such as cryptocurrency, personal checks, bank orders, or money orders; the transfer of title to any real property; or a transfer involving the use of a financial institution as defined in federal law.


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