HB0043H2001

This amendment adds a conflict of interest offense for public servants with financial interests in or compensation from entities engaged in money laundering, and updates the bill's title and statutory references accordingly.

• Updates the bill title to include conflict of interest as a subject matter alongside anti-money laundering. (Page 1, line 2)
• Changes the statutory reference from section 6-3-1103 to 6-3-1104, creating space for the new conflict of interest statute. (Page 1, line 8)
• Creates a new statute 6-3-1104 that prohibits public servants from owning financial interests of $1,000 or more in entities engaged in money laundering or illegal investment activities, or from accepting compensation or gifts from persons or entities under investigation for or convicted of these offenses. Establishes a felony penalty of up to 5 years imprisonment and $10,000 fine, with mandatory forfeiture of prohibited financial interests. Exempts passive ownership of less than 1% of publicly traded securities. (Page 5, after line 12)

AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know