                                 CODE OF VIRGINIA

MONEY LAUNDERING; PENALTIES (§ 18.2-246.3)

A. It shall be unlawful for any person knowingly to conduct a financial
transaction where the person knows the property involved in the transaction
represents the proceeds of an activity which is punishable as a felony under the
laws of the Commonwealth, another state or territory of the United States, the
District of Columbia, or the United States. A violation of this section is
punishable by imprisonment of not more than forty years or a fine of not more
than $500,000 or by both imprisonment and a fine.

B. Any person who, for compensation, converts cash into negotiable instruments
or electronic funds for another, knowing the cash is the proceeds of some form
of activity which is punishable as a felony under the laws of the Commonwealth,
another state or territory of the United States, the District of Columbia, or
the United States, shall be guilty of a Class 1 misdemeanor. Any second or
subsequent violation of this subsection shall be punishable as a Class 6 felony.

HISTORY: 1999, c. 348.