Texas Penal Code
§ 34.02 — MONEY LAUNDERING
PE § 34.02Title 7. OFFENSES AGAINST PROPERTY · Ch. 34. MONEY LAUNDERING
Statute text
View on source(a)A person commits an offense if the person knowingly:
(1)acquires or maintains an interest in, conceals, possesses, transfers, or transports the proceeds of criminal activity;
(2)conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity;
(3)invests, expends, or receives, or offers to invest, expend, or receive, the proceeds of criminal activity or funds that the person believes are the proceeds of criminal activity; or
(4)finances or invests or intends to finance or invest funds that the person believes are intended to further the commission of criminal activity. (a-1) Knowledge of the specific nature of the criminal activity giving rise to the proceeds is not required to establish a culpable mental state under this section.
(b)For purposes of this section, a person is presumed to believe that funds are the proceeds of or are intended to further the commission of criminal activity if a peace officer or a person acting at the direction of a peace officer represents to the person that the funds are proceeds of or are intended to further the commission of criminal activity, as applicable, regardless of whether the peace officer or person acting at the peace officer's direction discloses the person's status as a peace officer or that the person is acting at the direction of a peace officer.
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Legislative history
Acts 2005, 79th Leg., Ch. 1162 (H.B. 3376), Sec. 2, eff. September 1, 2005. Acts 2015, 84th Leg., R.S., Ch. 1251 (H.B. 1396), Sec. 24, eff. September 1, 2015.