19.2-386.19 - Seizure of property used in connection with money laundering. - Virginia Statutes

§ 19.2-386.19. Seizure of property used in connection with money laundering.

The following property shall be subject to lawful seizure by any officercharged with enforcing the provisions of Article 9 (§ 18.2-246.1 et seq.) ofChapter 6 of Title 18.2: (i) all money, equipment, motor vehicles, and allother personal and real property of any kind or character used in substantialconnection with the laundering of proceeds of some form of activitypunishable as a felony under the laws of the Commonwealth, another state orterritory of the United States, the District of Columbia, or the UnitedStates, and (ii) all money or other property, real or personal, traceable tothe proceeds of some form of activity punishable as a felony under the lawsof the Commonwealth, another state or territory of the United States, theDistrict of Columbia, or the United States, together with any interest orprofits derived from the investment of such proceeds or other property. Realproperty shall not be subject to seizure unless the minimum prescribedpunishment for the violation is a term of imprisonment of not less than fiveyears. All seizures and forfeitures under this section shall be governed byChapter 22.1 (§ 19.2-386.1 et seq.) of this title, and the proceduresspecified therein shall apply, mutatis mutandis, to all forfeitures underArticle 9 (§ 18.2-246.1 et seq.) of Chapter 6 of Title 18.2.

(1999, c. 348, § 18.2-246.4; 2003, cc. 541, 549; 2004, c. 995.)