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Rs 14:230 Money Laundering; Transactions Involving Proceeds Of Criminal Activity

§230. Money laundering; transactions involving proceeds of criminal activity

A. As used in this Section:

(1) "Criminal activity" means any offense, including conspiracy and attempt to

commit the offense, that is classified as a felony under the laws of this state or the United

States or that is punishable by confinement for more than one year under the laws of another

state.

(2) "Funds" means any of the following:

(a) Coin or paper money of the United States or any other country that is designated

as legal tender and that circulates and is customarily used and accepted as a medium of

exchange in the country of issue.

(b) United States silver certificates, United States Treasury notes, and Federal

Reserve System notes.

(c) Official foreign bank notes that are customarily used and accepted as a medium

of exchange in a foreign country and foreign bank drafts.

(d) Electronic or written checks, drafts, money orders, traveler's checks, or other

electronic or written instruments or orders for the transmission or payment of money.

(e) Investment securities or negotiable instruments, in bearer form or otherwise in

such form that title thereto passes upon delivery.

(3) "Peace officer" has the same meaning as in R.S. 40:2402(1)(a).

(4) "Proceeds" means funds acquired or derived directly or indirectly from or

produced or realized through an act.

B. It is unlawful for any person knowingly to do any of the following:

(1) Conduct, supervise, or facilitate a financial transaction involving proceeds known

to be derived from criminal activity, when the transaction is designed in whole or in part to

conceal or disguise the nature, location, source, ownership, or the control of proceeds known

to be derived from such violation or to avoid a transaction reporting requirement under state

or federal law.

(2) Give, sell, transfer, trade, invest, conceal, transport, maintain an interest in, or

otherwise make available anything of value known to be for the purpose of committing or

furthering the commission of any criminal activity.

(3) Direct, plan, organize, initiate, finance, manage, supervise, or facilitate the

transportation or transfer of proceeds known to be derived from any violation of criminal

activity.

(4) Receive or acquire proceeds derived from any violation of criminal activity, or

knowingly or intentionally engage in any transaction that the person knows involves proceeds

from any such violations.

(5) Acquire or maintain an interest in, receive, conceal, possess, transfer, or transport

the proceeds of criminal activity.

(6) Invest, expend, or receive, or offer to invest, expend, or receive, the proceeds of

criminal activity.

C. It is a defense to prosecution under this Section that the person acted with intent

to facilitate the lawful seizure, forfeiture, or disposition of funds or other legitimate law

enforcement purpose pursuant to the laws of this state or the United States.

D. It is a defense to prosecution under this Section that the transaction was necessary

to preserve a person's right to representation as guaranteed by the Sixth Amendment of the

Constitution of the United States and by Article I, Section 13 of the Constitution of Louisiana

or that the funds were received as bona fide legal fees by a licensed attorney and, at the time

of their receipt, the attorney did not have actual knowledge that the funds were derived from

criminal activity.

E.(1) Whoever violates the provisions of this Section, if the value of the funds is less

than three thousand dollars, may be imprisoned for not more than six months or fined not

more than one thousand dollars, or both.

(2) Whoever violates the provisions of this Section, if the value of the funds is three

thousand dollars or more but less than twenty thousand dollars, may be imprisoned with or

without hard labor for not less than two years nor more than ten years and may be fined not

more than ten thousand dollars.

(3) Whoever violates the provisions of this Section, if the value of the funds is

twenty thousand dollars or more but less than one hundred thousand dollars, shall be

imprisoned at hard labor for not less than two years nor more than twenty years and may be

fined not more than twenty thousand dollars.

(4) Whoever violates the provisions of this Section, if the value of the funds is one

hundred thousand dollars or more, shall be imprisoned at hard labor for not less than two

years nor more than fifty years and may be fined not more than fifty thousand dollars.

Acts 1994, 3rd Ex. Sess., No. 78, §1; Acts 2010, No. 608, §1; Acts 2017, No. 281,

§1.

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Local Government
Louisiana
2
1
0
John Bel Edwards
John Bel Edwards
January 11, 2016 -
Democratic
1-225-342-4404
900 North 3rd Street, Baton Rouge, LA, 70802

Keywords
criminal
proceeds
activity
transaction
derived
united
funds
known
violation
dollars