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25LSO-0413
2025
STATE OF WYOMING
25LSO-0413
ENGROSSED
3.0
SENATE FILE NO. SF0116
Anti-money laundering.
Sponsored by: Senator(s) Nethercott, Anderson, Boner, Crago, Crum, Dockstader and Olsen and Representative(s) Davis, Heiner and Washut
A BILL
for
AN ACT relating to crimes and offenses; creating the offenses of money laundering and illegal investments; providing definitions; providing penalties; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1
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W.S. 6
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3
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1101 and 6
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3
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1102 are created to read:
ARTICLE 11
MONEY LAUNDERING AND ILLEGAL INVESTMENT
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1101.
Money laundering; penalties.
(a)
As used in this section:
(i)
"Derived from" means obtained directly or indirectly from, maintained by or realized through;
(ii)
"Property" means anything of value, including but not limited to real estate, tangible and intangible personal property and includes any benefit or interest without reduction for expenses incurred for acquisition, maintenance or any other purpose.
(b)
A person is guilty of a money laundering if the person:
(i)
Transports or possesses property the person knows or reasonably should know to be derived from criminal activity;
(ii)
Directs, organizes, finances, plans, manages, supervises or controls the transportation of or transactions in property he knows or reasonably should know to be derived from criminal activity; or
(iii)
Engages in a transaction involving property the person knows or reasonably should know to be derived from criminal activity:
(A)
With the intent to facilitate or promote the criminal activity; or
(B)
Knowing that the transaction is designed, in whole or in part:
(I)
To conceal or disguise the nature, location, source, ownership or control of the property derived from criminal activity; or
(II)
To avoid a transaction reporting requirement under the laws of this state, any other state or of the United States. The transaction or transactions need not exceed the transaction reporting threshold at any single financial institution on any single day in order to constitute a violation of this subdivision.
(c)
For purposes of this article, property is known to be derived from criminal activity if the person knows or reasonably should know that the property represents proceeds from some form of criminal activity.
(d)
Money laundering is a felony punishable by imprisonment for not more than ten (10) years, a fine of not more than ten thousand dollars ($10,000.00), or both.
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1102.
Illegal investment; penalties.
(a)
A person is guilty of illegal investment if, with the intent to evade a transaction reporting requirement of this state or of 31 U.S.C. §
5311 et seq. or 31 C.F.R. § 103 et seq., or any rules or regulations adopted under those chapters and sections, the person:
(i)
Causes a financial institution, including a foreign or domestic money transmitter or an authorized agent thereof, casino, check casher, person engaged in a trade or business or any other person required to report regarding currency transactions or suspicious transactions to fail to report or to file a report that contains a material omission or misstatement of fact; or
(ii)
Structures or assists in structuring any transaction with one (1) or more financial institutions, including foreign or domestic money transmitters or an authorized agent thereof, casinos, check cashers, persons engaged in a trade or business or any other person required to report regarding currency transactions or suspicious transactions. For purposes of this paragraph, "structure" or "structuring" means that a person, acting alone, or in conjunction with or on behalf of, other persons, conducts one (1) or more transactions in currency, in any amount, at one (1) or more financial institutions, on one (1) or more days, in any manner, for the purpose of evading currency transaction reporting requirements provided by state or federal law. The transaction or transactions need not exceed the reporting threshold at any single financial institution on any single day in order to meet the definition of "structure" or "structuring" provided in this paragraph.
(b)
Illegal investment is a felony punishable by imprisonment for not more than ten (10) years, a fine of not more than ten thousand dollars ($10,000.00), or both.
Section 2
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This act is effective July 1, 2025
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(END)
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SF0116