Money Laundering / Penal Code § 34.02

I am seeing more and more cases involving money laundering. It seems law enforcement officers are stepping up their efforts to seize money believed to be associated with the trafficking of illegal drugs in Texas. Just like my illegal drug cases, the money laundering cases I am seeing result from traffic stops on Interstate 40.

The Texas Penal Code provides that a person commits an offense if he knowingly:

  • acquires or maintains an interest in, conceals, possesses, transfers, or transports the proceeds of criminal activity
  • conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity
  • invests, expends, or receives, or offers to invest, expend, or receive, the proceeds of criminal activity or funds that the person believes are the proceeds of criminal activity
  • finances or invests or intends to finance or invest funds that the person believes are intended to further the commission of criminal activity

“Criminal Activity” means any offense, including any preparatory offense, that is (1) classified as a felony under the laws of Texas or the United States, or (2) punishable by confinement for more than one year under the laws of another state.