Any person, firm or corporation holding a license or registration to operate any business as required by either state or local law shall forfeit such license or registration upon conviction of a violation of (i) § 18.2-248 relating to an imitation controlled substance or (ii) § 18.2-246.3 relating to money laundering. Upon a conviction under this section the attorney for the Commonwealth shall notify any appropriate agency.
Va. Code Ann. § 18.2-246.5
Forfeiture of business license or registration upon conviction of sale or distribution of imitation controlled substance; money laundering
Known as the Virginia Comprehensive Money Laundering Act
The act spans §§ 18–18 (5 sections).
1999, c. 348.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.