CRIM CD-MONEY LAUNDERING

Amends the Criminal Code of 1961 concerning the offense of money laundering. Provides that money laundering also may occur when a person, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves criminally derived property: (A) with the intent to promote the carrying on of the unlawful activity from which the criminally derived property was obtained; or (B) where he or she knows or reasonably should know that the financial transaction is designed in whole or in part: (i) to conceal or disguise the nature, the location, the source, the ownership or the control of the criminally derived property; or (ii) to avoid a transaction reporting requirement under State law. Provides for the introduction of certain evidence to show whether the property or proceeds were known to be some form of criminally derived property or from some form of specified unlawful activity. Provides for the forfeiture of property derived from money laundering. Specifies which units of government shall receive the proceeds of the forfeited property. Effective immediately.