HB 1289 Summary

• Defines "proceeds" as property derived from unlawful activity including gross receipts for purposes of money services businesses, financial institutions, and money laundering statutes.

• Removes 12-month period requirement for aggregating transaction values and allows separate transactions under one scheme or course of conduct to be combined when determining criminal offense grades.

• Creates new section 895.041 establishing criminal forfeiture provisions for RICO violations, including procedures for restraining orders, seizure, disposition of forfeited property, and hearings for third-party interest claims.

• Adds definition of "prosecuting authority" as the Attorney General, state attorney, or statewide prosecutor for RICO Act purposes.

• Prohibits disclosure of subpoena information (except to defendant's attorney) when nondisclosure provision is included and imposes $5,000 fine per unauthorized notification; requires notice of property forfeiture in indictment or information before judgment can be entered.