§ 76-9-1602 — Money laundering.

(1) Terms defined in Sections 76-1-101.5 and 76-9-1601 apply to this section.
(2) An actor commits money laundering if the actor:
(2)(a) (2)(a)(i) transports, receives, or acquires property that is the proceeds of unlawful activity; and
(2)(a)(ii) knows that the property represents the proceeds of unlawful activity;
(2)(b) (2)(b)(i) makes proceeds of unlawful activity available to another person by transaction, transportation, or other means; and
(2)(b)(ii) knows that the proceeds are intended to be used for the purpose of continuing or furthering the commission of unlawful activity; or
(2)(c) (2)(c)(i) conducts a transaction involving property;
(2)(c)(ii) knows that the property represents the proceeds of unlawful activity; and
(2)(c)(iii) conducts the transaction with the intent:
(2)(c)(iii)(A) to promote the unlawful activity;
(2)(c)(iii)(B) to conceal or disguise the nature, location, source, ownership, or control of the property; or
(2)(c)(iii)(C) to avoid a transaction reporting requirement under this part or under federal law.
(3) A violation of Subsection (2) is a second degree felony.
(4) Each act committed in violation of Subsection (2) that involves the movement of funds in excess of $10,000 is a separate violation under this section.
(5) Under Subsection (2)(a)(ii), the phrase "knows that the property involved represents the proceeds of unlawful activity" means that the actor knows, or it was represented to the actor, that the property involved represents proceeds from a form of unlawful activity, although the actor does not necessarily know which form of activity, that constitutes a crime under state or federal law, regardless of whether or not the activity is specified in the definition of unlawful activity.

Legislative History

Renumbered and Amended by Chapter 173, 2025 General Session