Bill Summary for H 237 (2023-2024)

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Summary date: 

Apr 19 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 237 (Public) Filed Wednesday, March 1, 2023
AN ACT TO CRIMINALIZE MONEY LAUNDERING AND TO ESTABLISH AN ENHANCED SENTENCE IF A DEFENDANT IS CONVICTED OF AN OFFENSE AND THE DEFENDANT WAS WEARING A MASK, HOOD, OR OTHER CLOTHING OR DEVICE TO CONCEAL OR ATTEMPT TO CONCEAL THE DEFENDANT'S IDENTITY.
Intro. by Torbett, Greene, Faircloth, Carson Smith.

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Bill summary

House committee substitute to the 1st edition makes the following changes.

Amends the definition of proceeds under GS 14-118.8 to mean funds acquired or derived directly or indirectly from, produced through, realized through, or used in the commission of any act (was, an act or conduct that is punishable under GS 105-236). Expands the list of acts that constitute money laundering under GS 114-118.8 to also include when a person knowingly: (1) uses, conspires to use, or attempts to use the proceeds of criminal activity to conduct or attempt to conduct a transaction or make other disposition with the intent to conceal or disguise the nature, location, source, ownership, or control of the proceeds of criminal activity or (2) uses the proceeds of criminal activity with the intent to promote, in whole or in part, the commission of criminal activity, so that there are six listed acts in total. Expands the forfeiture provisions to also allow for forfeiture under GS 14-2.3 (forfeiture of gain acquired through criminal activity). Provides that conspiracy is subject to the punishment scheme set forth in GS 14-118.8(f).