HB0043

Official summary

Bill Summary - 26LSO-0146 Bill No.: HB0043 Effective: 7/1/2026 LSO No.: 26LSO-0146 Enrolled Act No.: HEA No. 0030 Chapter No.: 89 Prime Sponsor: Management Council Catch Title: Anti-money laundering. Has Report: No Subject: Creating the criminal offenses of money laundering and illegal investment. Summary/Major Elements: This act creates the criminal offenses of money laundering and illegal investment as follows: The offense of money laundering includes transporting, possessing, directing, organizing, financing, planning, managing, supervising or engaging in transactions involving property that a person knows or reasonably should know is derived from criminal activity, including transactions conducted to promote criminal activity, conceal the source or ownership of criminal proceeds or avoid state or federal reporting requirements. The offense of illegal investment includes intentionally causing a financial or business institution to fail to file a required report or structuring transactions with one (1) or more institutions to evade state or federal currency transaction reporting requirements. This act specifies felony penalties for money laundering and illegal investment including imprisonment for not more than ten (10) years, a fine of not more than ten thousand dollars ($10,000.00), or both. This act provides that the offense of money laundering does not apply to federally insured financial institutions or their employees under certain circumstances. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.