Virginia § 18.2-516 (Effective July 1, 2026) Prohibition of illegal money transmitting

Virginia Statutes

§ 18.2-516 — (Effective July 1, 2026) Prohibition of illegal money transmitting

Virginia § 18.2-516

Title 18.2Crimes and Offenses Generally

Ch. 13Virginia Racketeer Influenced and Corrupt Organization Act

This text of Virginia § 18.2-516 ((Effective July 1, 2026) Prohibition of illegal money transmitting) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 18.2-516 (2026).

Text

A.Any person who controls, manages, or owns all or part of an enterprise, engaged in money transmission as defined in § 6.2-1922, and transmits money, which he knows or should have known was derived from or traceable to racketeering activity, is guilty of a Class 6 felony.

B.All property, real or personal, including money, used in substantial connection with, intended for use in the course of, or traceable to, conduct in violation of any provision of subsection A is subject to civil forfeiture to the Commonwealth. The forfeiture proceeding shall be conducted pursuant to the provisions of Chapter 22.1 (§ 19.2-386.1 et seq.) of Title 19.2.

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A. Any person who controls, manages, or owns all or part of an enterprise, engaged in money transmission as defined in § 6.2-1922, and transmits money, which he knows or should have known was derived from or traceable to racketeering activity, is guilty of a Class 6 felony.

B. All property, real or personal, including money, used in substantial connection with, intended for use in the course of, or traceable to, conduct in violation of any provision of subsection A is subject to civil forfeiture to the Commonwealth. The forfeiture proceeding shall be conducted pursuant to the provisions of Chapter 22.1 (§ 19.2-386.1 et seq.) of Title 19.2.