§ 750.411kProceeds of criminal offense; receipt; acquisition; financial transaction

Sec. 411k.
    (1) A person shall not knowingly receive or acquire a monetary instrument or other property
 that constitutes the proceeds or substituted proceeds of a specified criminal offense with prior
 actual knowledge of both of the following:
    (a) The monetary instrument or other property represents the proceeds or substituted
 proceeds of a criminal offense.
    (b) The receipt or acquisition of the proceeds or substituted proceeds meets 1 or more of the
 following criteria:
    (i) It will aid that person or another person in promoting or carrying on the criminal offense
 from which the proceeds or substituted proceeds were derived or any other criminal offense.
    (ii) It is designed, in whole or in part, to conceal or disguise the nature, location, source,
 ownership, or control of the proceeds or substituted proceeds of the specified criminal offense
 or to avoid a transaction reporting requirement under state or federal law.
    (2) A person shall not knowingly conduct, attempt to conduct, or participate in conducting
 or attempting to conduct a financial transaction involving a monetary instrument or other
 property that constitutes the proceeds or substituted proceeds of a specified criminal offense
 with prior actual knowledge of both of the following:
    (a) The monetary instrument or other property represents the proceeds or substituted
 proceeds of a criminal offense.
    (b) The financial transaction meets 1 or more of the following criteria:
    (i) It will aid that person or another person in promoting or carrying on the criminal offense
 from which the proceeds or substituted proceeds were derived or any other criminal offense.
    (ii) It is designed, in whole or in part, to conceal or disguise the nature, location, source,
 ownership, or control of the proceeds or substituted proceeds of the specified criminal offense,
 or to avoid a transaction reporting requirement under state or federal law.



                                                                    Michigan Compiled Laws Complete Through PA 91 of 2026
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