SF0116

Creates criminal offenses for money laundering and illegal investment, establishing penalties and definitions for these financial crimes.

• Defines money laundering as transporting, possessing, or transacting in property known or reasonably known to be derived from criminal activity, with penalties of up to 10 years imprisonment and a fine of up to $10,000. (W.S. 6-3-1101(a), W.S. 6-3-1101(b), W.S. 6-3-1101(d))
• Establishes that money laundering includes directing, organizing, financing, or managing transactions in criminally-derived property, or engaging in transactions designed to conceal the property's nature, location, source, or ownership. (W.S. 6-3-1101(b)(i), W.S. 6-3-1101(b)(ii), W.S. 6-3-1101(b)(iii))
• Specifies that transactions need not exceed reporting thresholds at a single institution on a single day to constitute money laundering violations. (W.S. 6-3-1101(b)(iii)(B)(II))
• Defines property broadly to include real estate, tangible and intangible personal property, financial instruments, data, computer software, and any benefit or interest representing wealth. (W.S. 6-3-1101(a)(ii))
• Creates the offense of illegal investment, defined as causing financial institutions or other reporting entities to fail to file required currency or suspicious transaction reports, with penalties of up to 10 years imprisonment and a fine of up to $10,000. (W.S. 6-3-1102(a)(i), W.S. 6-3-1102(b))
• Defines structuring as conducting one or more currency transactions across one or more institutions on one or more days to evade federal or state currency reporting requirements, and makes assisting in structuring an illegal investment offense. (W.S. 6-3-1102(a)(ii))
• Specifies that structuring transactions need not exceed reporting thresholds at a single institution on a single day to constitute an illegal investment violation. (W.S. 6-3-1102(a)(ii))

Effective: July 1, 2025

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