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Title XXXVIII CRIMES AND PUNISHMENT; PEACE OFFICERS AND PUBLIC DEFENDERS

Chapter 574

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  574.105.  Money laundering — penalty. — 1.  As used in this section, the following terms mean:

  (1)  "Conducts", initiating, concluding or participating in initiating or concluding a transaction;

  (2)  "Criminal activity", any act or activity constituting an offense punishable as a felony pursuant to the laws of Missouri or the United States;

  (3)  "Currency", currency and coin of the United States;

  (4)  "Currency transaction", a transaction involving the physical transfer of currency from one person to another.  A transaction which is a transfer of funds by means of bank check, bank draft, wire transfer or other written order, and which does not include the physical transfer of currency is not a currency transaction;

  (5)  "Person", natural persons, partnerships, trusts, estates, associations, corporations and all entities cognizable as legal personalities.

  2.  A person commits the offense of money laundering if he or she:

  (1)  Conducts or attempts to conduct a currency transaction with the purpose to promote or aid the carrying on of criminal activity; or

  (2)  Conducts or attempts to conduct a currency transaction with the purpose to conceal or disguise in whole or in part the nature, location, source, ownership or control of the proceeds of criminal activity; or

  (3)  Conducts or attempts to conduct a currency transaction with the purpose to avoid currency transaction reporting requirements under federal law; or

  (4)  Conducts or attempts to conduct a currency transaction with the purpose to promote or aid the carrying on of criminal activity for the purpose of furthering or making a terrorist threat or act.

  3.  The offense of money laundering is a class B felony and in addition to penalties otherwise provided by law, a fine of not more than five hundred thousand dollars or twice the amount involved in the transaction, whichever is greater, may be assessed.

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(L. 1992 S.B. 705 § 10, A.L. 2002 S.B. 712, A.L. 2014 S.B. 491)

Effective 1-01-17


---- end of effective   01 Jan 2017 ----

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