2022 Missouri Revised Statutes
Title XXXVIII - Crimes and Punishment; Peace Officers and Public Defenders
Chapter 574 - Offenses Against Public Order
Section 574.105 - Money laundering — penalty.
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 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 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.
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(L. 1992 S.B. 705 § 10, A.L. 2002 S.B. 712, A.L. 2014 S.B. 491, A.L. 2022 H.B. 1472)
