CA SB1208

Expands California's money laundering statute to include transactions conducted using digital financial assets (as defined in Financial Code Section 3102), in addition to transactions through traditional financial institutions

Applies to transactions exceeding $5,000 within seven days or $25,000 within 30 days when conducted with intent to facilitate criminal activity or knowing the funds derive from criminal proceeds

Penalties remain unchanged: up to one year in county jail or state prison, fines up to $250,000 or twice the transaction value (whichever is greater), with enhanced penalties for repeat offenses and high-value transactions

Additional consecutive prison terms of 1-4 years apply based on transaction value thresholds ranging from $50,000 to over $2.5 million

Creates a state-mandated local program by expanding the scope of an existing crime; no state reimbursement to local agencies is required