Money laundering

"Money laundering" is financial transactions made to further criminal activity, direct and redirect funds gained through criminal activity. Money launderer's intention usually is to hide money gained unlawfully.

In California, The burden of proof rests on the state prosecutor, he must present evidence of financial transactions meeting criteria in the state Penal Code Section 186.9 186.10. The California Laws are changing constantly .

The Law States

-The defendant must have performed one transaction or a series of transactions within seven days, with a total value over $5,000. The defendant must have engaged in the transaction through a financial institution such as a bank, credit union, trust company, or other type of institution listed by state law. -

-If the value of the transaction or transactions exceeds fifty thousand dollars ($50,000) but is less than one hundred fifty thousand dollars ($150,000), the court, in addition to and consecutive to the felony punishment otherwise imposed pursuant to this section, shall impose an additional term of imprisonment of one year.

(B) If the value of the transaction or transactions exceeds one hundred fifty thousand dollars ($150,000) but is less than one million dollars ($1,000,000), the court, in addition to and consecutive to the felony punishment otherwise imposed pursuant to this section, shall impose an additional term of imprisonment of two years.

(C) If the value of the transaction or transactions exceeds one million dollars ($1,000,000), but is less than two million five hundred thousand dollars ($2,500,000), the court, in addition to and consecutive to the felony punishment otherwise imposed pursuant to this section, shall impose an additional term of imprisonment of three years.

(D) If the value of the transaction or transactions exceeds two million five hundred thousand dollars ($2,500,000), the court, in addition to and consecutive to the felony punishment otherwise prescribed by this section, shall impose an additional term of imprisonment of four years.