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(720 ILCS 5/29B-1) (from Ch. 38, par. 29B-1)
Sec. 29B-1. Money laundering. (a) A person commits the offense of money laundering:
(1) when, knowing that the property involved in a |
| financial transaction represents the proceeds of some form of unlawful activity, he or she conducts or attempts to conduct the financial transaction which in fact involves criminally derived property:
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(A) with the intent to promote the carrying on
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| of the unlawful activity from which the criminally derived property was obtained; or
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(B) where he or she knows or reasonably should
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| know that the financial transaction is designed in whole or in part:
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(i) to conceal or disguise the nature, the
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| location, the source, the ownership or the control of the criminally derived property; or
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(ii) to avoid a transaction reporting
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| requirement under State law; or
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(1.5) when he or she transports, transmits, or
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| transfers, or attempts to transport, transmit, or transfer a monetary instrument:
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(A) with the intent to promote the carrying on of
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| the unlawful activity from which the criminally derived property was obtained; or
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(B) knowing, or having reason to know, that the
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| financial transaction is designed in whole or in part:
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(i) to conceal or disguise the nature, the
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| location, the source, the ownership or the control of the criminally derived property; or
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(ii) to avoid a transaction reporting
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| requirement under State law; or
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(2) when, with the intent to:
(A) promote the carrying on of a specified
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| criminal activity as defined in this Article; or
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(B) conceal or disguise the nature, location,
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| source, ownership, or control of property believed to be the proceeds of a specified criminal activity as defined in this Article; or
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(C) avoid a transaction reporting requirement
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he or she conducts or attempts to conduct a financial
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| transaction involving property he or she believes to be the proceeds of specified criminal activity or property used to conduct or facilitate specified criminal activity as defined in this Article.
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(b) (Blank).
(c) Sentence.
(1) Laundering of criminally derived property of a
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| value not exceeding $10,000 is a Class 3 felony;
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(2) Laundering of criminally derived property of a
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| value exceeding $10,000 but not exceeding $100,000 is a Class 2 felony;
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(3) Laundering of criminally derived property of a
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| value exceeding $100,000 but not exceeding $500,000 is a Class 1 felony;
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(4) Money laundering in violation of subsection
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| (a)(2) of this Section is a Class X felony;
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(5) Laundering of criminally derived property of a
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| value exceeding $500,000 is a Class 1 non-probationable felony;
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(6) In a prosecution under clause (a)(1.5)(B)(ii) of
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| this Section, the sentences are as follows:
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(A) Laundering of property of a value not
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| exceeding $10,000 is a Class 3 felony;
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(B) Laundering of property of a value exceeding
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| $10,000 but not exceeding $100,000 is a Class 2 felony;
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(C) Laundering of property of a value exceeding
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| $100,000 but not exceeding $500,000 is a Class 1 felony;
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(D) Laundering of property of a value exceeding
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| $500,000 is a Class 1 non-probationable felony.
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(Source: P.A. 99-480, eff. 9-9-15; 100-512, eff. 7-1-18; 100-699, eff. 8-3-18; 100-759, eff. 1-1-19; 100-1163, eff. 12-20-18.)
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