Missouri Laws 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;
Attorney's Note
Under the Missouri Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class B felony | between 5 and 15 years |
Terms Used In Missouri Laws 574.105
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- United States: includes such district and territories. See Missouri Laws 1.020
(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. § 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.