Illinois General Assembly - Bill Status for HB3989
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 Bill Status of HB3989  99th General Assembly


Short Description:  MONEY LAUNDERING

House Sponsors
Rep. Ron Sandack

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 657/90
720 ILCS 5/29B-1from Ch. 38, par. 29B-1
720 ILCS 5/29B-2 new
720 ILCS 5/29B-3 new
725 ILCS 5/111-4
730 ILCS 5/5-5-3from Ch. 38, par. 1005-5-3


Synopsis As Introduced
Amends the Transmitters of Money Act. Deletes provision that a person who engages in conduct requiring a license under the Act and fails to obtain a license from the Director is guilty of a Class 3 felony. Amends the Criminal Code of 2012. In the statute concerning money laundering, provides that the laundering of property of a value exceeding $1,000,000 is a Class X felony. Creates the offense of engaging in monetary transactions in criminally derived property and the offense of unlawful money transmitting business. Defines offenses and establishes penalties. Amends the Code of Criminal Procedure of 1963. Provides that 2 or more acts or transactions involving money laundering, engaging in monetary transactions in criminally derived property, unlawful money transmitting business, online sale of stolen property, online theft by deception, electronic fencing, or workers' compensation fraud, may be charged as a single offense in a single count of the same indictment, information, or complaint, if the acts or transactions by one or more defendants are in furtherance of a single intention and design or if the property, labor, or services obtained are of the same person or are of several persons having a common interest in the property, labor, or services. Amends the Unified Code of Corrections to make conforming changes.

Actions 
DateChamber Action
  2/27/2015HouseFiled with the Clerk by Rep. Ron Sandack
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Judiciary - Criminal Committee
  3/25/2015HouseTo Sentencing, Penalties, and Criminal Procedure Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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