| Minnesota Criminal Justice Statute Service | Bureau of Criminal Apprehension

609.496

Statute ID: 1212

Statute Function ID: 18406

Concealing Criminal Proceeds

In Effect

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Details are only available for Penalty and Charging Statutes.

Statute Number:

609.496

Enactment Date:

Jan 1, 1859

Effective Date:

Aug 1, 1989

Expiration Date:

Repealed?:

Summary Text:

Concealing Criminal Proceeds

Statute ID:

1212

Created:

Sep 1, 2006 by mnjis.legal.analyst@state.mn.us

Updated:

Sep 1, 2006 by mnjis.legal.analyst@state.mn.us

Last Update Action:

System

Legal Analyst Comment:

Summary Text:

Concealing Criminal Proceeds

Link to MN Statute Text:

https://www.revisor.leg.state.mn.us/stats/609/496.html

Legislative Session:

2005 - NA

Session Law Text?:

Statute text last updated on:

Sep 1, 2006

Subdivision 1.  
A person is guilty of a felony and may be sentenced under subdivision 2 if the person:
(1) conducts a transaction involving a monetary instrument or instruments with a value exceeding $5,000; and
(2) knows or has reason to know that the monetary instrument or instruments represent the proceeds of, or are derived from the proceeds of, the commission of a felony under this chapter or chapter 152 or an offense in another jurisdiction that would be a felony under this chapter or chapter 152 if committed in Minnesota.


Subd. 2.   
A person convicted under subdivision 1 may be sentenced to imprisonment for not more than ten years, or to payment of a fine of not more than $100,000, or both.


Subd. 3.   
For purposes of this section, "monetary instrument" means United States currency and coin; the currency and coin of a foreign country; a bank check, cashier's check, traveler's check, money order, stock, investment security, or negotiable instrument in bearer form or otherwise in the form by which title to the instrument passes upon delivery; gold, silver, or platinum bullion or coins; and diamonds, emeralds, rubies, or sapphires.