§ 11-9.1-15 Laundering of monetaryinstruments. – (a) Whoever conducts or attempts to conduct a financial transaction: (1) withthe intent to promote the carrying on of specified unlawful activity; or (2)with the intent to conceal or disguise the nature, location, source, ownership,or control of property believed to be the proceeds of specified unlawfulactivity; or (3) with the intent to avoid a transaction reporting requirementunder state law; or (4) knowing that the transaction is designed in whole or inpart: (i) to conceal or disguise the nature, the location, the source, theownership, or the control of the proceeds of specified unlawful activity; or(ii) to avoid a transaction reporting requirement under the laws of this stateor of the United States; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(b) Whoever conducts or attempts to conduct a financialtransaction: (1) knowing that the property involved in the transactionrepresents the proceeds of some form of unlawful activity, or has been or isbeing used to conduct or facilitate some form of unlawful activity; or (2)involving property represented as the proceeds of some form of unlawfulactivity, by a law enforcement officer or other person working at the directionor with the approval of an official authorized to investigate or prosecuteviolations of this section; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(c) Whoever is convicted of conducting or attempting toconduct a financial transaction described in subsection (a) or (b) of thissection is liable to the state of Rhode Island for a civil penalty of not morethan the greater of:
(1) The value of the property, funds, or monetary instrumentsinvolved in the transaction; or
(2) Ten thousand dollars ($10,000).
(d) As used in this section:
(1) "Conducts" includes initiating, concluding, orparticipating in initiating or concluding a transaction;
(2) "Financial institution" means any institution organizedunder title 19, or any institution having the definition given that term in 31U.S.C. § 5312, where applicable, including, but not limited to, banks,savings banks, bank associations, trust companies, loan and investmentcompanies, savings and loan companies, building-loan associations, creditunions, deposit-insurance companies, and any other depository required by lawto file reports with the Rhode Island department of business regulation;
(3) "Financial transaction" means a transaction involving themovement of funds;
(4) "Knowing that the property involved in a financialtransaction represents the proceeds of some form of unlawful activity" meansthat the person knew the property involved in the transaction representedproceeds from some form, though not necessarily which form, of activity thatconstitutes a felony under state law, regardless of whether or not the activityis specified in subdivision (7) of this subsection.
(5) "Monetary instruments" means coin or currency of theUnited States or any other country, travelers' checks, personal checks, bankchecks, money orders, investment securities in bearer form or in such form thattitle to them passes upon delivery, and negotiable instruments in bearer formor in such form that title to them passes upon delivery;
(6) "Specified unlawful activity" includes:
(A) Any act or activity declared a felony pursuant to title19;
(B) Any act or activity declared a felony pursuant to chapter28 of title 21;
(C) Any act or acts prohibited by the Rhode Island RacketeerInfluenced and Corrupt Organizations Act (RICO), chapter 15 of title 7;
(D) Any act constituting a felony pursuant to this title.
(7) "Transaction" includes a purchase, sale, loan, pledge,gift, transfer, delivery, or other disposition, and with respect to a financialinstitution includes a deposit, withdrawal, transfer between accounts, exchangeof currency, loan, extension of credit, purchase or sale of any stock, bond,certificate of deposit, or other monetary instrument, or any other payment,transfer, or delivery by, through, or to a financial institution, by whatevermeans effected.
(e) Nothing in this chapter shall be construed to duplicateor prevent the application or effect of 18 U.S.C. § 1956, or of anyprovision of state or other law imposing criminal penalties or affording civilremedies in addition to those provided for in this chapter.
§ 11-9.1-15 Laundering of monetaryinstruments. – (a) Whoever conducts or attempts to conduct a financial transaction: (1) withthe intent to promote the carrying on of specified unlawful activity; or (2)with the intent to conceal or disguise the nature, location, source, ownership,or control of property believed to be the proceeds of specified unlawfulactivity; or (3) with the intent to avoid a transaction reporting requirementunder state law; or (4) knowing that the transaction is designed in whole or inpart: (i) to conceal or disguise the nature, the location, the source, theownership, or the control of the proceeds of specified unlawful activity; or(ii) to avoid a transaction reporting requirement under the laws of this stateor of the United States; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(b) Whoever conducts or attempts to conduct a financialtransaction: (1) knowing that the property involved in the transactionrepresents the proceeds of some form of unlawful activity, or has been or isbeing used to conduct or facilitate some form of unlawful activity; or (2)involving property represented as the proceeds of some form of unlawfulactivity, by a law enforcement officer or other person working at the directionor with the approval of an official authorized to investigate or prosecuteviolations of this section; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(c) Whoever is convicted of conducting or attempting toconduct a financial transaction described in subsection (a) or (b) of thissection is liable to the state of Rhode Island for a civil penalty of not morethan the greater of:
(1) The value of the property, funds, or monetary instrumentsinvolved in the transaction; or
(2) Ten thousand dollars ($10,000).
(d) As used in this section:
(1) "Conducts" includes initiating, concluding, orparticipating in initiating or concluding a transaction;
(2) "Financial institution" means any institution organizedunder title 19, or any institution having the definition given that term in 31U.S.C. § 5312, where applicable, including, but not limited to, banks,savings banks, bank associations, trust companies, loan and investmentcompanies, savings and loan companies, building-loan associations, creditunions, deposit-insurance companies, and any other depository required by lawto file reports with the Rhode Island department of business regulation;
(3) "Financial transaction" means a transaction involving themovement of funds;
(4) "Knowing that the property involved in a financialtransaction represents the proceeds of some form of unlawful activity" meansthat the person knew the property involved in the transaction representedproceeds from some form, though not necessarily which form, of activity thatconstitutes a felony under state law, regardless of whether or not the activityis specified in subdivision (7) of this subsection.
(5) "Monetary instruments" means coin or currency of theUnited States or any other country, travelers' checks, personal checks, bankchecks, money orders, investment securities in bearer form or in such form thattitle to them passes upon delivery, and negotiable instruments in bearer formor in such form that title to them passes upon delivery;
(6) "Specified unlawful activity" includes:
(A) Any act or activity declared a felony pursuant to title19;
(B) Any act or activity declared a felony pursuant to chapter28 of title 21;
(C) Any act or acts prohibited by the Rhode Island RacketeerInfluenced and Corrupt Organizations Act (RICO), chapter 15 of title 7;
(D) Any act constituting a felony pursuant to this title.
(7) "Transaction" includes a purchase, sale, loan, pledge,gift, transfer, delivery, or other disposition, and with respect to a financialinstitution includes a deposit, withdrawal, transfer between accounts, exchangeof currency, loan, extension of credit, purchase or sale of any stock, bond,certificate of deposit, or other monetary instrument, or any other payment,transfer, or delivery by, through, or to a financial institution, by whatevermeans effected.
(e) Nothing in this chapter shall be construed to duplicateor prevent the application or effect of 18 U.S.C. § 1956, or of anyprovision of state or other law imposing criminal penalties or affording civilremedies in addition to those provided for in this chapter.
§ 11-9.1-15 Laundering of monetaryinstruments. – (a) Whoever conducts or attempts to conduct a financial transaction: (1) withthe intent to promote the carrying on of specified unlawful activity; or (2)with the intent to conceal or disguise the nature, location, source, ownership,or control of property believed to be the proceeds of specified unlawfulactivity; or (3) with the intent to avoid a transaction reporting requirementunder state law; or (4) knowing that the transaction is designed in whole or inpart: (i) to conceal or disguise the nature, the location, the source, theownership, or the control of the proceeds of specified unlawful activity; or(ii) to avoid a transaction reporting requirement under the laws of this stateor of the United States; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(b) Whoever conducts or attempts to conduct a financialtransaction: (1) knowing that the property involved in the transactionrepresents the proceeds of some form of unlawful activity, or has been or isbeing used to conduct or facilitate some form of unlawful activity; or (2)involving property represented as the proceeds of some form of unlawfulactivity, by a law enforcement officer or other person working at the directionor with the approval of an official authorized to investigate or prosecuteviolations of this section; shall be punished by a fine of not more than fivehundred thousand dollars ($500,000) or twice the value of the property involvedin the transaction, whichever is greater, or by imprisonment for not more thantwenty (20) years, or both.
(c) Whoever is convicted of conducting or attempting toconduct a financial transaction described in subsection (a) or (b) of thissection is liable to the state of Rhode Island for a civil penalty of not morethan the greater of:
(1) The value of the property, funds, or monetary instrumentsinvolved in the transaction; or
(2) Ten thousand dollars ($10,000).
(d) As used in this section:
(1) "Conducts" includes initiating, concluding, orparticipating in initiating or concluding a transaction;
(2) "Financial institution" means any institution organizedunder title 19, or any institution having the definition given that term in 31U.S.C. § 5312, where applicable, including, but not limited to, banks,savings banks, bank associations, trust companies, loan and investmentcompanies, savings and loan companies, building-loan associations, creditunions, deposit-insurance companies, and any other depository required by lawto file reports with the Rhode Island department of business regulation;
(3) "Financial transaction" means a transaction involving themovement of funds;
(4) "Knowing that the property involved in a financialtransaction represents the proceeds of some form of unlawful activity" meansthat the person knew the property involved in the transaction representedproceeds from some form, though not necessarily which form, of activity thatconstitutes a felony under state law, regardless of whether or not the activityis specified in subdivision (7) of this subsection.
(5) "Monetary instruments" means coin or currency of theUnited States or any other country, travelers' checks, personal checks, bankchecks, money orders, investment securities in bearer form or in such form thattitle to them passes upon delivery, and negotiable instruments in bearer formor in such form that title to them passes upon delivery;
(6) "Specified unlawful activity" includes:
(A) Any act or activity declared a felony pursuant to title19;
(B) Any act or activity declared a felony pursuant to chapter28 of title 21;
(C) Any act or acts prohibited by the Rhode Island RacketeerInfluenced and Corrupt Organizations Act (RICO), chapter 15 of title 7;
(D) Any act constituting a felony pursuant to this title.
(7) "Transaction" includes a purchase, sale, loan, pledge,gift, transfer, delivery, or other disposition, and with respect to a financialinstitution includes a deposit, withdrawal, transfer between accounts, exchangeof currency, loan, extension of credit, purchase or sale of any stock, bond,certificate of deposit, or other monetary instrument, or any other payment,transfer, or delivery by, through, or to a financial institution, by whatevermeans effected.
(e) Nothing in this chapter shall be construed to duplicateor prevent the application or effect of 18 U.S.C. § 1956, or of anyprovision of state or other law imposing criminal penalties or affording civilremedies in addition to those provided for in this chapter.
