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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) A person is guilty of money laundering in the first degree when he exchanges or receives in exchange, in one or more transactions, one or more monetary instruments derived from criminal conduct constituting a felony and of a total value exceeding ten thousand dollars, for one or more other monetary instruments or equivalent property, with the intent to conceal that the exchanged monetary instrument or instruments or equivalent property is derived in whole or in part from the criminal sale of a controlled substance or with the intent that the exchange aid a person in the criminal sale of a controlled substance or to profit or benefit from the criminal sale of a controlled substance.
(b) Money laundering in the first degree is a class B felony.
Cite this article: FindLaw.com - Connecticut General Statutes Title 53A. Penal Code § 53a-276. Money laundering in the first degree: Class B felony - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-53a-penal-code/ct-gen-st-sect-53a-276/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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