Defined criminal activity, financial institution, funds, insurer, proceeds of criminal activity, and transaction, and removed the definition for retail property fence.
Establishes the offense of money laundering if a person knowingly and willingly engages in certain activities as listed, separately or a combination, in excess of $10k.
Knowledge of specific criminal activity resulting in the proceeds is required to establish a culpable mental state per NC LEG 14-118.8, provides defense, conspiracy liability.
Sets the felony class for AML violations if fines are less than, or greater than $100k.
Property used in commission of AML violations are subject to forfeiture proceedings.
Larceny Provisions
Expands offense of conspiracy to steal from retail establishments to include persons who conspire with others to sell, transfer, or possess retail property for monetary gain.
Defines antishoplifting or inventory control device with specifics on product code use.
Legislative History
On Mar. 28, 2023, bill introduced in House; on Apr. 26, 2023, bill was passed in House.
On Apr. 27, 2023, bill delivered to Senate; on Jun. 6, 2024, bill was passed in Senate.
Effectiveness
If enacted, act effective Dec. 1, 2024, for offenses committed on or after that date.
Jun. 20, 2024 NC LEG Bill Updates
On Jun. 20, 2024, NC LEG reported bill was ratified and sent to governor for action.
Follows Jun. 19, 2024 House concurrence of the Senate Committee Substitute bill.
