California law states that Money Laundering is a crime because it is unlawful for any person knowingly to receive or acquire proceeds, or engage in a transaction involving proceeds, known to be derived from proceeds in excess of $25,000 derived from a controlled substance offense, with the intent to give, sell, transfer, transport conceal or maintain an interest in, with the intent to conceal or disguise or aid in concealing or disguising the source of the proceeds to avoided a transaction reporting requirement under state or federal law.
What does the prosecutor have to prove?
1. Defendant unlawfully received or acquired proceeds or engaged in a transaction involving proceeds derived from a controlled substance offense.
2. The proceeds were known to be derived from a violation of this division or Division 10.1.
3. The proceeds were received or acquired with the intent to conceal, or disguise, or aid in concealing or disguising the nature, location, ownership, control or source of the proceeds or to avoid a transaction reporting requirement under state or federal law.
With probation 0-364 days
Misdemeanor: 0-364 days