§ 574.105

Title XXXVIII CRIMES AND PUNISHMENT; PEACE OFFICERS AND PUBLIC DEFENDERS Chapter 574 • Effective - 28 Aug 2022, 3 histories 574.105. Money laundering — penalty. — 1. As used in this section, the following terms shall 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) 'Cryptocurrency', a digital currency in which transactions are verified and records are maintained by a decentralized system using cryptography; (4) 'Financial transaction', a transaction: (a) Involving: a. The movement of funds by wire or other means, including blockchain; b. One or more monetary instruments; or c. The transfer of title to any real property, vehicle, vessel, or aircraft; or (b) Involving the use of a financial institution as defined under 31 U.S.C. Section 5312, as amended; (5) 'Monetary instruments': (a) Currency and coin of the United States or of any other country, cryptocurrency, travelers' checks, personal checks, bank checks, bank wires, or money orders; or (b) Investment securities or

nts': (a) Currency and coin of the United States or of any other country, cryptocurrency, travelers' checks, personal checks, bank checks, bank wires, or money orders; or (b) Investment securities or negotiable instruments, in bearer form or otherwise in such form that title thereto passes upon delivery; (6) 'Person', natural persons, partnerships, trusts, estates, associations, corporations and all entities cognizable as legal personalities; (7) 'Transaction', a purchase, sale, loan, pledge, gift, transfer, delivery, or other disposition, and with respect to a financial institution includes a deposit; withdrawal; transfer between accounts; exchange of currency; loan; extension of credit; purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument; use of a safe deposit box; or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected. 2. A person commits the offense of money laundering if he or she: (1) Conducts or attempts to conduct a financial transaction with the purpose to promote or aid the carrying on of criminal activity; or (2) Conducts or attempts to conduct a financial transaction with

1) Conducts or attempts to conduct a financial transaction with the purpose to promote or aid the carrying on of criminal activity; or (2) Conducts or attempts to conduct a financial 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 financial transaction with the purpose to avoid financial transaction reporting requirements under federal law; or (4) Conducts or attempts to conduct a financial 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. ­­-------- (L. 1992 S.B. 705 § 10, A.L. 2002 S.B. 712, A.L. 2014 S.B. 491, A.L. 2022 H.B. 1472)