HB203 Alabama 2012 Session

Summary

Primary Sponsor

Rod Scott

Democrat

Session

Regular Session 2012

Title

Crimes and offenses, crime of money laundering provided for and penalties

Summary

HB203 creates the crime of money laundering in Alabama, defines how it works and the penalties, and explains how it interacts with a constitutional rule about local funding.

What This Bill Does

It establishes money laundering as a crime with defined terms such as financial transaction, monetary instrument, and specified unlawful activity. It makes certain conducts—like moving money across borders to promote crime, concealing sources, or avoiding reporting—Class C felonies, including transactions involving more than $10,000 in criminally derived property. It also clarifies that prosecutors may not need to prove the exact underlying unlawful activity in some cases. The bill is designed to have local funding effects, but it is exempt from the local-funding approval requirements due to specified exceptions in the constitution.

Who It Affects

• Individuals who knowingly engage in money laundering or transactions involving proceeds of unlawful activity would face Class C felony charges.
• Financial institutions and other parties that handle monetary transactions or transfers, including cross-border movements of funds or instruments, would be subject to the new money laundering definitions and penalties.

Key Provisions

• Creates the crime of money laundering with defined terms and assigns Class C felony penalties for related conduct, including cross-border or concealment actions.
• Adds a separate Class C felony for monetary transactions involving criminally derived property over $10,000 and states the prosecution need not prove the defendant knew the origin of the funds in certain cases.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Crimes and Offenses