Nevada Revised Statutes 207.195 – Use of monetary instrument or other property representing proceeds or derived from unlawful activity; conducting financial transaction concerning monetary instrument or other property derived from unlawful activity; …
1. If a monetary instrument or other property represents the proceeds of or is directly or indirectly derived from any unlawful activity, it is unlawful for a person, having knowledge of that fact:
Attorney's Note
Under the Nevada Revised Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| category C felony | 1 to 5 years | up to $10,000 |
Terms Used In Nevada Revised Statutes 207.195
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Statute: A law passed by a legislature.
(a) To conduct or attempt to conduct a financial transaction involving the monetary instrument or other property:
(1) With the intent to further any unlawful activity;
(2) With the knowledge that the transaction conceals the location, source, ownership or control of the monetary instrument or other property; or
(3) With the knowledge that the transaction evades any provision of federal or state law that requires the reporting of a financial transaction.
(b) To transport or attempt to transport the monetary instrument or other property:
(1) With the intent to further any unlawful activity;
(2) With the knowledge that the transportation conceals the location, source, ownership or control of any proceeds derived from unlawful activity; or
(3) With the knowledge that the transportation evades any provision of federal or state law that requires the reporting of a financial transaction.
2. It is unlawful for any person to conduct or attempt to conduct a financial transaction concerning any monetary instrument or other property that has a value of $5,000 or more with the knowledge that the monetary instrument or other property is directly or indirectly derived from any unlawful activity.
3. It is unlawful for any person to conduct or attempt to conduct a financial transaction with the intent to evade any provision of federal or state law that requires the reporting of a financial transaction.
4. A person who violates any provision of subsection 1, 2 or 3 is guilty of a category C felony and shall be punished as provided in NRS 193.130.
5. Each violation of this section involving one or more monetary instruments, financial transactions or property valued at $5,000 or more shall be deemed a separate offense.
6. The provisions of this section must not be construed to prohibit any financial transaction conducted pursuant to title 56 of NRS.
7. As used in this section:
(a) ’Financial transaction’ means any purchase, sale, loan, pledge, gift, transfer, deposit, withdrawal or other exchange involving a monetary instrument or other property. The term does not include any instrument or transaction for the payment of assistance of counsel in a criminal prosecution.
(b) ’Monetary instrument’ includes any coin or currency of the United States or any other country, any traveler’s check, personal check, money order, bank check, cashier’s check, virtual currency, stock, bond, precious metal, precious stone or gem or any negotiable instrument to which title passes upon delivery. The term does not include any instrument or transaction for the payment of assistance of counsel in a criminal prosecution.
(c) ’Unlawful activity’ includes any crime related to racketeering as defined in NRS 207.360 or any offense punishable as a felony pursuant to state or federal statute. The term does not include any procedural error in the acceptance of a credit instrument, as defined in NRS 463.01467, by a person who holds a nonrestricted gaming license.