574.105. Crime of money laundering, committed, when--penalty. - Missouri Statutes

Crime of money laundering, committed, when--penalty.

574.105. 1. As used in this section, the following terms mean:

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

(2) "Criminal activity", any act or activity constituting an offensepunishable as a felony pursuant to the laws of Missouri or the UnitedStates;

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

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

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

2. A person commits the crime of money laundering if he:

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

(2) Conducts or attempts to conduct a currency transaction with thepurpose 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 thepurpose to avoid currency transaction reporting requirements under federallaw; or

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

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

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