Oregon Statutes 164.172 – Engaging in a financial transaction in property derived from unlawful activity
(1) A person commits the crime of engaging in a financial transaction in property derived from unlawful activity if the person knowingly engages in or attempts to engage in a financial transaction in property that:
Attorney's Note
Under the Oregon Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class C felony | up to 5 years | up to $125,000 |
Terms Used In Oregon Statutes 164.172
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) Constitutes, or is derived from, the proceeds of unlawful activity;
(b) Is of a value greater than $10,000; and
(c) The person knows is derived from or represents the proceeds of some form, though not necessarily which form, of unlawful activity.
(2)(a) Engaging in a financial transaction in property derived from unlawful activity is a Class C felony.
(b) In addition to any other sentence of imprisonment or fine that a court may impose and notwithstanding ORS § 161.625, a court may include in the sentence of a person convicted under this section a fine in an amount equal to the value of the property involved in the unlawful transaction.
(3) As used in this section:
(a) ‘Financial transaction’ has the meaning given that term in ORS § 164.170. ‘Financial transaction’ does not include any transaction necessary to preserve a person’s right to representation as guaranteed by section 11, Article I of the Oregon Constitution, and the Sixth Amendment to the United States Constitution.
(b) ‘Unlawful activity’ has the meaning given that term in ORS § 164.170. [1999 c.878 § 2]
See note under 164.170.