AL HB390

Creates the crime of money laundering in Alabama, defined as conducting a financial transaction involving proceeds derived from unlawful activity.

Establishes three Class C felony offenses: conducting a financial transaction with intent to promote specified unlawful activity or to conceal/disguise proceeds; transporting monetary instruments across U.S. borders with similar intent; and conducting financial transactions with intent to promote unlawful activity or avoid transaction reporting requirements.

Establishes a Class C felony for knowingly engaging in monetary transactions involving criminally derived property valued over $10,000, with no requirement that the state prove the defendant knew the specific source crime.

Specifies that "specified unlawful activity" includes drug manufacturing/distribution, violent crimes (murder, kidnapping, robbery, extortion), fraud against foreign banks, felony violations under Alabama Title 13A, and continuing criminal enterprises.

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