ILCS » Chapter 720 · Act 5
Illinois Compiled Statutes

720 ILCS 5/29B-1 (2026)

Money laundering

✓ current as of May 2026
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(720 ILCS 5/29B-1) (from Ch. 38, par. 29B-1)
    Sec. 29B-1. Money laundering.
    (a) A person commits the offense of money laundering:
        (1) when, knowing that the property involved in a
    
financial transaction represents the proceeds of some form of unlawful activity, he or she conducts or attempts to conduct the financial transaction which in fact involves criminally derived property:
            (A) with the intent to promote the carrying on
        
of the unlawful activity from which the criminally derived property was obtained; or
            (B) where he or she knows or reasonably should
        
know that the financial transaction is designed in whole or in part:
                (i) to conceal or disguise the nature, the
            
location, the source, the ownership or the control of the criminally derived property; or
                (ii) to avoid a transaction reporting
            
requirement under State law; or
        (1.5) when he or she transports, transmits, or
    
transfers, or attempts to transport, transmit, or transfer a monetary instrument:
            (A) with the intent to promote the carrying on of
        
the unlawful activity from which the criminally derived property was obtained; or
            (B) knowing, or having reason to know, that the
        
financial transaction is designed in whole or in part:
                (i) to conceal or disguise the nature, the
            
location, the source, the ownership or the control of the criminally derived property; or
                (ii) to avoid a transaction reporting
            
requirement under State law; or
        (2) when, with the intent to:
            (A) promote the carrying on of a specified
        
criminal activity as defined in this Article; or
            (B) conceal or disguise the nature, location,
        
source, ownership, or control of property believed to be the proceeds of a specified criminal activity as defined in this Article; or
            (C) avoid a transaction reporting requirement
        
under State law,
    he or she conducts or attempts to conduct a financial
    
transaction involving property he or she believes to be the proceeds of specified criminal activity or property used to conduct or facilitate specified criminal activity as defined in this Article.
    (b) (Blank).
    (c) Sentence.
        (1) Laundering of criminally derived property of a
    
value not exceeding $10,000 is a Class 3 felony;
        (2) Laundering of criminally derived property of a
    
value exceeding $10,000 but not exceeding $100,000 is a Class 2 felony;
        (3) Laundering of criminally derived property of a
    
value exceeding $100,000 but not exceeding $500,000 is a Class 1 felony;
        (4) Money laundering in violation of subsection
    
(a)(2) of this Section is a Class X felony;
        (5) Laundering of criminally derived property of a
    
value exceeding $500,000 is a Class 1 non-probationable felony;
        (6) In a prosecution under clause (a)(1.5)(B)(ii) of
    
this Section, the sentences are as follows:
            (A) Laundering of property of a value not
        
exceeding $10,000 is a Class 3 felony;
            (B) Laundering of property of a value exceeding
        
$10,000 but not exceeding $100,000 is a Class 2 felony;
            (C) Laundering of property of a value exceeding
        
$100,000 but not exceeding $500,000 is a Class 1 felony;
            (D) Laundering of property of a value exceeding
        
$500,000 is a Class 1 non-probationable felony.
(Source: P.A. 99-480, eff. 9-9-15; 100-512, eff. 7-1-18; 100-699, eff. 8-3-18; 100-759, eff. 1-1-19; 100-1163, eff. 12-20-18.)

    
Notes of Decisions
Cited in 20 cases (6 in the last 5 years), 2010–2025 · leading case: People v. Gutman, 2011 IL 110338 (Ill. 2011).
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People v. Gutman, 2011 IL 110338 (Ill. 2011). · cites it 5× “OPINION ¶1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced…”
People v. Gutman, 959 N.E.2d 621 (Ill. 2011). · cites it 5× “¶ 1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced defendant to…”
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2016). · cites it 4× “) 720 ILCS 5/29B-1(a)(1)(B)(i) (West 2010).”
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2017). · cites it 3× “) 720 ILCS 5/29B-1(b)(1) (West 2010). And a person “conducts” a financial transaction when he or she “initiat[es], conclud[es], or participat[es] in initiating or concluding a transaction.”
People v. Universal Pub. Transp., Inc., 2012 IL App (1st) 073303-B (Ill. App. Ct. 2012). “On appeal, UPT presents the following issues for our review: (1) whether the State proved UPT guilty beyond a reasonable doubt of vendor fraud, theft and money laundering; (2) whether UPT’s convictions were legally inconsistent with the acquittal of UPT’s owner on the same…”
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). · cites it 5× “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). · cites it 3× “” 720 ILCS 5/29B-1(k)(1), (k)(2), (k)(3)(A) (West 2014).”
People v. Radojcic, 2013 IL 114197 (Ill. 2013). “The indictment charged defendants with the following crimes: continuing financial crimes enterprise (720 ILCS 5/16H-50 (West 2008)); conspiracy to commit a financial crime (720 ILCS 5/16H-45 (West 2008)); financial institution fraud (720 ILCS 5/16H-25 (West 2008)); theft (720…”
People v. Radojcic, 2013 IL 114197 (Ill. 2013). “The indictment charged defendants with the following crimes: continuing financial crimes enterprise (720 ILCS 5/16H-50 (West 2008)); conspiracy to commit a financial crime (720 ILCS 5/16H-45 (West 2008)); financial institution fraud (720 ILCS 5/16H-25 (West 2008)); theft (720…”
People v. $8,986 United States Currency, 2021 IL App (2d) 200764-U (Ill. App. Ct. 2021). · cites it 5× “¶2 The State filed an amended complaint for forfeiture under the provisions of the money laundering statute in the Criminal Code of 1961 (Code) (720 ILCS 5/29B-1 (West 2016)), seeking 2021 IL App (2d) 200764-U forfeiture of $8986 in United States currency found on claimant,…”
People v. 2009 Chevrolet 2500, 2016 IL App (3d) 140883 (Ill. App. Ct. 2016). · cites it 4× “I would affirm the trial court's denial of relief to the State under the forfeiture complaints, which were brought pursuant to: (1) section 4- 107(k) of the "Anti-Theft Laws" article in the Illinois Vehicle Code (Vehicle Code) (625 ILCS 5/4-107(k) (West 2010)); and (2) section…”
People v. Dewey, 2023 IL App (3d) 220285-U (Ill. App. Ct. 2023). “Dewey, was charged with eight counts of unlawful sale of drug paraphernalia (720 ILCS 600/3(a) (West 2016)), one count of identity theft (720 ILCS 5/16-30(a)(1) (West 2016)), one count of fictitious or unlawfully altered identification card (15 ILCS 335/14A(b)(1) (West 2016)),…”
Show all 20 citing cases →
— 720 ILCS 5/29B-1(a) — 5 cases
People v. Gutman, 2011 IL 110338 (Ill. 2011). “OPINION ¶1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced…”
People v. Gutman, 959 N.E.2d 621 (Ill. 2011). “¶ 1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced defendant to…”
People v. $8,986 United States Currency, 2021 IL App (2d) 200764-U (Ill. App. Ct. 2021). “¶2 The State filed an amended complaint for forfeiture under the provisions of the money laundering statute in the Criminal Code of 1961 (Code) (720 ILCS 5/29B-1 (West 2016)), seeking 2021 IL App (2d) 200764-U forfeiture of $8986 in United States currency found on claimant,…”
People v. Gutman (Ill. App. Ct. 2010).
People v. Universal Pub. Transp., Inc. (Ill. App. Ct. 2010).
— 720 ILCS 5/29B-1(a)(1) — 1 case
People v. Dewey, 2025 IL App (3d) 230611 (Ill. App. Ct. 2025).
— 720 ILCS 5/29B-1(a)(1)(B)(i) — 3 cases
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2016). “) 720 ILCS 5/29B-1(a)(1)(B)(i) (West 2010).”
People v. Gliniewicz, 2020 IL App (2d) 190412 (Ill. App. Ct. 2020).
People v. 2009 Chevrolet 2500, 2016 IL App (3d) 140883 (Ill. App. Ct. 2016). “I would affirm the trial court's denial of relief to the State under the forfeiture complaints, which were brought pursuant to: (1) section 4- 107(k) of the "Anti-Theft Laws" article in the Illinois Vehicle Code (Vehicle Code) (625 ILCS 5/4-107(k) (West 2010)); and (2) section…”
— 720 ILCS 5/29B-1(b)(1) — 2 cases
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2017). “) 720 ILCS 5/29B-1(b)(1) (West 2010). And a person “conducts” a financial transaction when he or she “initiat[es], conclud[es], or participat[es] in initiating or concluding a transaction.”
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2016). “) 720 ILCS 5/29B-1(a)(1)(B)(i) (West 2010).”
— 720 ILCS 5/29B-1(b)(4) — 4 cases
People v. Gutman, 2011 IL 110338 (Ill. 2011). “OPINION ¶1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced…”
People v. Gutman, 959 N.E.2d 621 (Ill. 2011). “¶ 1 Following a bench trial in the circuit court of Cook County, defendant, Irit Gutman, was convicted of theft (720 ILCS 5/16-1 (West 2000)), vendor fraud (305 ILCS 5/8A-3 (West 2000)), and money laundering (720 ILCS 5/29B-1 (West 2000)). The trial court sentenced defendant to…”
People v. Universal Pub. Transp., Inc. (Ill. App. Ct. 2010).
People v. Gutman (Ill. App. Ct. 2010).
— 720 ILCS 5/29B-1(b)(5) — 2 cases
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2017). “) 720 ILCS 5/29B-1(b)(1) (West 2010). And a person “conducts” a financial transaction when he or she “initiat[es], conclud[es], or participat[es] in initiating or concluding a transaction.”
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2016). “) 720 ILCS 5/29B-1(a)(1)(B)(i) (West 2010).”
— 720 ILCS 5/29B-1(c) — 2 cases
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2017). “) 720 ILCS 5/29B-1(b)(1) (West 2010). And a person “conducts” a financial transaction when he or she “initiat[es], conclud[es], or participat[es] in initiating or concluding a transaction.”
People v. Oglesby, 2016 IL App (1st) 141477 (Ill. App. Ct. 2016). “) 720 ILCS 5/29B-1(a)(1)(B)(i) (West 2010).”
— 720 ILCS 5/29B-1(d)(6) — 1 case
People v. $8,986 United States Currency, 2021 IL App (2d) 200764-U (Ill. App. Ct. 2021). “¶2 The State filed an amended complaint for forfeiture under the provisions of the money laundering statute in the Criminal Code of 1961 (Code) (720 ILCS 5/29B-1 (West 2016)), seeking 2021 IL App (2d) 200764-U forfeiture of $8986 in United States currency found on claimant,…”
— 720 ILCS 5/29B-1(h) — 1 case
People v. 1996 GMC Savana Van, 2019 IL App (1st) 131658-U (Ill. App. Ct. 2019).
— 720 ILCS 5/29B-1(h)(1)(A) — 1 case
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
— 720 ILCS 5/29B-1(h)(1)(B) — 1 case
People v. 2009 Chevrolet 2500, 2016 IL App (3d) 140883 (Ill. App. Ct. 2016). “I would affirm the trial court's denial of relief to the State under the forfeiture complaints, which were brought pursuant to: (1) section 4- 107(k) of the "Anti-Theft Laws" article in the Illinois Vehicle Code (Vehicle Code) (625 ILCS 5/4-107(k) (West 2010)); and (2) section…”
— 720 ILCS 5/29B-1(h)(1)(C) — 1 case
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
— 720 ILCS 5/29B-1(k)(1) — 2 cases
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “” 720 ILCS 5/29B-1(k)(1), (k)(2), (k)(3)(A) (West 2014).”
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
— 720 ILCS 5/29B-1(k)(3)(A) — 2 cases
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “” 720 ILCS 5/29B-1(k)(1), (k)(2), (k)(3)(A) (West 2014).”
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
— 720 ILCS 5/29B-1(l)(10) — 2 cases
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “” 720 ILCS 5/29B-1(k)(1), (k)(2), (k)(3)(A) (West 2014).”
People v. Pena, 2017 IL App (2d) 151203 (Ill. App. Ct. 2017). “The statute authorizes the forfeiture of any property “constituting, derived from, or traceable to any proceeds the person obtained” as a result of violating the statute (720 ILCS 5/29B-1(h)(1)(A) (West 2014)) and all conveyances used to transport such property (720 ILCS…”
— 720 ILCS 5/29B-1(l)(9) — 1 case
People v. 2009 Chevrolet 2500, 2016 IL App (3d) 140883 (Ill. App. Ct. 2016). “I would affirm the trial court's denial of relief to the State under the forfeiture complaints, which were brought pursuant to: (1) section 4- 107(k) of the "Anti-Theft Laws" article in the Illinois Vehicle Code (Vehicle Code) (625 ILCS 5/4-107(k) (West 2010)); and (2) section…”
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