Section 1901 – Short title.

76-10-1901. Short title. This part is known as the Money Laundering and Currency Transaction Reporting Act. Enacted by Chapter 241, 1989 General Session

Section 1902 – Definitions.

76-10-1902. Definitions. As used in this part: (1) “Bank” means an agent, agency, or office in this state of a person doing business in any one of the following capacities: (a) a commercial bank or trust company organized under the laws of this state or of the United States; (b) a private bank; (c) a […]

Section 1903 – Money laundering.

76-10-1903. Money laundering. (1) A person commits the offense of money laundering who: (a) transports, receives, or acquires the property which is in fact proceeds of the specified unlawful activity, knowing that the property involved represents the proceeds of some form of unlawful activity; (b) makes proceeds of unlawful activity available to another by transaction, […]

Section 1904 – Money laundering — Penalty.

76-10-1904. Money laundering — Penalty. (1) A person who violates Subsection 76-10-1903(1)(a), (b), or (c) is guilty of a second degree felony. (2) A person who violates Subsection 76-10-1903(1)(d) is guilty of a third degree felony. Amended by Chapter 17, 1996 General Session

Section 1906 – Reporting — Criminal and civil penalties — Enforcement.

76-10-1906. Reporting — Criminal and civil penalties — Enforcement. (1) (a) A person engaged in a trade or business, except a financial institution, who receives more than $10,000 as described in Subsection (1)(b) shall complete and file with the State Bureau of Investigation the information required by 26 U.S.C. Sec. 6050I, concerning returns relating to […]

Section 1907 – Separate offenses.

76-10-1907. Separate offenses. (1) Under this part each individual currency transaction exceeding $10,000 and made in violation of Subsection 76-10-1906(1) or each financial transaction in violation of Section 76-10-1903 or 76-10-1904 involving the movement of funds in excess of $10,000 is a separate punishable offense. (2) Under this part each failure to file a report […]