HB4575 S JUD AMT

Lovell 7908

The Committee on the Judiciary moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4575--A Bill to amend the Code of West Virginia, 1931, as amended,  

by adding thereto a new article, designated §61-14-1, §61-14-2, §61-14-3, §61-14-4 and §61-14-5, all relating to laundering of proceeds from specified criminal activities; defining terms; creating felony crime of conducting financial transactions involving proceeds of criminal activity; creating felony crime of transporting, transmitting or transferring monetary instruments or property involving proceeds of criminal activity; providing for penalties; providing for seizure and forfeiture of property or monetary instruments; clarifying that for forfeiture to occur, a conviction pursuant to the article is necessary; clarifying conduct that constitutes separate offenses; and setting forth venue for prosecution of offenses.