(a) A person commits the offense of money laundering:
         (1) when, knowing that the property involved in a
    
financial transaction represents the proceeds of some form of unlawful activity, he or she conducts or attempts to conduct the financial transaction which in fact involves criminally derived property:
            (A) with the intent to promote the carrying on
        
of the unlawful activity from which the criminally derived property was obtained; or
            (B) where he or she knows or reasonably should
        
know that the financial transaction is designed in whole or in part:
                (i) to conceal or disguise the nature, the
            
location, the source, the ownership or the control of the criminally derived property; or
                (ii) to avoid a transaction reporting
            
requirement under State law; or
        (1.5) when he or she transports, transmits, or
    
transfers, or attempts to transport, transmit, or transfer a monetary instrument:
            (A) with the intent to promote the carrying on of
        
the unlawful activity from which the criminally derived property was obtained; or
            (B) knowing, or having reason to know, that the
        
financial transaction is designed in whole or in part:
                (i) to conceal or disguise the nature, the
            
location, the source, the ownership or the control of the criminally derived property; or
                (ii) to avoid a transaction reporting
            
requirement under State law; or
        (2) when, with the intent to:

Attorney's Note

Under the Illinois Statutes, punishments for crimes depend on the classification. In the case of this section:
ClassPrisonFine
Class 1 felonybetween 4 and 15 yearsup to $25,000
Class 2 felonybetween 3 and 7 yearsup to $25,000
Class 3 felonybetween 2 and 5 yearsup to $25,000
For details, see § Ill. Comp. Stat. 730 ILCS 5/5-4.5-30, § Ill. Comp. Stat. 730 ILCS 5/5-4.5-35 and § Ill. Comp. Stat. 730 ILCS 5/5-4.5-40
criminal case

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Terms Used In Illinois Compiled Statutes 720 ILCS 5/29B-1

  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

             (A) promote the carrying on of a specified
        
criminal activity as defined in this Article; or
            (B) conceal or disguise the nature, location,
        
source, ownership, or control of property believed to be the proceeds of a specified criminal activity as defined in this Article; or
            (C) avoid a transaction reporting requirement
        
under State law,
    he or she conducts or attempts to conduct a financial
    
transaction involving property he or she believes to be the proceeds of specified criminal activity or property used to conduct or facilitate specified criminal activity as defined in this Article.
    (b) (Blank).
     (c) Sentence.
         (1) Laundering of criminally derived property of a
    
value not exceeding $10,000 is a Class 3 felony;
        (2) Laundering of criminally derived property of a
    
value exceeding $10,000 but not exceeding $100,000 is a Class 2 felony;
        (3) Laundering of criminally derived property of a
    
value exceeding $100,000 but not exceeding $500,000 is a Class 1 felony;
        (4) Money laundering in violation of subsection
    
(a)(2) of this Section is a Class X felony;
        (5) Laundering of criminally derived property of a
    
value exceeding $500,000 is a Class 1 non-probationable felony;
        (6) In a prosecution under clause (a)(1.5)(B)(ii) of
    
this Section, the sentences are as follows:
            (A) Laundering of property of a value not
        
exceeding $10,000 is a Class 3 felony;
            (B) Laundering of property of a value exceeding
        
$10,000 but not exceeding $100,000 is a Class 2 felony;
            (C) Laundering of property of a value exceeding
        
$100,000 but not exceeding $500,000 is a Class 1 felony;
            (D) Laundering of property of a value exceeding
        
$500,000 is a Class 1 non-probationable felony.
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