HB0043

Creates criminal offenses for money laundering and illegal investment in Wyoming, with definitions and penalties.

• Defines 'financial or business institution' to include money transmitters, casinos, check cashers, and other entities required to report currency or suspicious transactions under state or federal law. (W.S. 6-3-1101(a)(i))
• Establishes the offense of money laundering for transporting, possessing, or directing transactions involving property known or reasonably believed to be derived from criminal activity. (W.S. 6-3-1102(a)(i), W.S. 6-3-1102(a)(ii))
• Criminalizes engaging in transactions involving criminal proceeds with intent to facilitate the crime or to conceal or disguise the property's nature, location, source, ownership, or control. (W.S. 6-3-1102(a)(iii)(A))
• Criminalizes transactions designed to avoid transaction reporting requirements under state, federal, or other state law, regardless of whether individual transactions meet reporting thresholds. (W.S. 6-3-1102(a)(iii)(B))
• Sets penalties for money laundering at up to 10 years imprisonment, a fine of up to $10,000, or both. (W.S. 6-3-1102(b))
• Establishes the offense of illegal investment for causing financial institutions to fail to file accurate transaction reports with intent to evade reporting requirements. (W.S. 6-3-1103(a)(i))
• Criminalizes structuring or assisting in structuring multiple currency transactions across one or more financial institutions on one or more days to evade reporting requirements, regardless of transaction amounts or thresholds. (W.S. 6-3-1103(a)(ii))
• Sets penalties for illegal investment at up to 10 years imprisonment, a fine of up to $10,000, or both. (W.S. 6-3-1103(b))

Effective: July 1, 2026

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