AL HB203

Creates the crime of money laundering in Alabama, which previously had no specific statute addressing this offense.

Establishes three distinct money laundering violations: conducting financial transactions involving unlawful proceeds with intent to promote criminal activity or conceal the source, transporting monetary instruments across U.S. borders for specified unlawful activity, and engaging in monetary transactions in criminally derived property over $10,000.

Classifies all money laundering offenses as Class C felonies.

Applies to offenses occurring in the United States or in U.S. special maritime and territorial jurisdiction, as well as offenses occurring outside the U.S. if the defendant is a U.S. citizen.

Becomes effective on the first day of the third month following passage and approval by the Governor.