Missouri Money Laundering Laws
Money laundering is generally defined as disguising the source of money derived from criminal activities so that it looks like it comes from a legal and legitimate source. Money laundering is commonly associated with drug cartels and organized crime. However, it can also occur when any individual is involved in a criminal activity.
For example, a person who sells prescription painkillers, but isn't involved in a specific drug cartel, can still be guilty of money laundering if they're disguising the money they receive from the drug deals. Money laundering is treated as a serious offense in most states, including Missouri.
An Overview of Missouri Money Laundering Laws
In order to ensure that you're not committing a crime, it's important to understand what's prohibited; but statutory language is rarely clear and straightforward. For this reason, it's beneficial to read an overview of a statute in plain English. In the following table, you'll find an overview of money laundering laws in Missouri as well links to relevant statutes.
Missouri Revised Statutes, Title XXXVIII. Chapter 574. Section 574.105 (Money Laundering)
|Defining Key Terms||
Key terms related to money laundering in Missouri:
|Defining the Offense(s)||
Money laundering occurs when a person conducts or attempts to conduct a transaction involving currency with the purpose to:
|Charges and Penalties||
Money laundering is a class B felony punishable by 5 to 15 years in prison and a fine up to $500,000 or twice the amount involved in the transaction, whichever is greater.
Missouri Revised Statutes, Title XXXVIII. Chapter 574:
Note: State laws are always subject to change through the passage of new legislation, rulings in the higher courts (including federal decisions), ballot initiatives, and other means. While we strive to provide the most current information available, please consult an attorney or conduct your own legal research to verify the state law(s) you are researching.
Missouri Money Laundering Laws: Related Resources
For more information and resources related to this topic, please visit the links listed below.
- Missouri Tax Fraud and Tax Evasion Laws
- Missouri Criminal Laws
- Missouri Criminal Statute of Limitations
- Fraud and Financial Crimes
Arrested for Violating Missouri Money Laundering Laws? Speak with an Attorney
Money laundering is a serious offense in Missouri, and a conviction can not only land you prison but also result in hefty fines. Your best defense to these charges is a good offense, which is best achieved by hiring an experienced criminal defense attorney. A lawyer can evaluate your case and explain how to best present your defense.
Next Steps: Search for a Local Attorney
Contact a qualified attorney.