Money Laundering Act

The Money Laundering Act governs the handling of money and financial transactions connected to criminal activity, setting out defined terms and identifying the conduct that is prohibited. It backs those prohibitions with both criminal and civil penalties, and separately requires certain reports to be filed with a designated state law-enforcement agency, with criminal liability attaching to reporting violations. It also addresses the award of attorney fees in connection with the act, subject to a stated exception.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.