A. It shall be unlawful for any person knowingly to conduct a financial transaction where the person knows the property involved in the transaction represents the proceeds of an activity which is punishable as a felony under the laws of the Commonwealth, another state or territory of the United States, the District of Columbia, or the United States. A violation of this section is punishable by imprisonment of not more than forty years or a fine of not more than $500,000 or by both imprisonment and a fine.
B. Any person who, for compensation, converts cash into negotiable instruments or electronic funds for another, knowing the cash is the proceeds of some form of activity which is punishable as a felony under the laws of the Commonwealth, another state or territory of the United States, the District of Columbia, or the United States, shall be guilty of a Class 1 misdemeanor. Any second or subsequent violation of this subsection shall be punishable as a Class 6 felony.
1999, c. 348.
Notes of Decisions
Cited in
7
cases (
2 in the last 5 years), 2011–2026 · leading case:
United States v. Moore, 775 F. Supp. 2d 882 (E.D. Va. 2011).
United States v. Moore, 775 F. Supp. 2d 882 (E.D. Va. 2011).
· cites it 5× “In part, the warrant directed officers to search and seize evidence related to Va. Code § 18.2-246.3, which states that “[i]t shall be unlawful for any person knowingly to conduct a financial transaction where the person knows the property involved in the transaction represents…”
Commonwealth v. Napier, 93 Va. Cir. 446 (Buchanan Cir. Ct. 2016).
· cites it 10× “Legal Analysis Defendants argue that their indictments for violation of Va. Code § 18.2-246.3 should be dismissed because the evidence establishes that they never undertook any action relating to money laundering in Virginia, much less Buchanan County.”
Ronald Dean Northcraft v. Commonwealth of Virginia (Va. Ct. App. 2023).
· cites it 8× “Code § 18.2-246.3 provides that it is “unlawful for any person knowingly to conduct a financial transaction where the person knows the property involved in the transaction represents the proceeds of an activity which is punishable as a felony.”
Sidi O. Jiddou v. Commonwealth of Virginia (Va. Ct. App. 2019).
· cites it 5× “1, and two counts of money laundering in violation of Code § 18.2-246.3. On appeal, appellant argues that 1) the trial court erred in refusing to find, as a matter of law, that appellant’s conduct on February 13, 16, and 22, 2017, did not violate either Code § 58.”
Northcraft (E.D. Va. 2026).
· cites it 2× “2-605, one count of money laundering, in violation of Code § 18.2-246.3(A), and one count of attempted money laundering, in violation of Code §§ 18.”
Walker v. Commonwealth (Va. 2015).
· cites it 2× “5 There was, for example, nothing from which to infer that Jarvon had a separate, extrinsic goal of concealing the proceeds of his sales through money laundering, in violation of Code § 18.2-246.3, or using them to further racketeering activity proscribed by Chapter 13 of Title…”
Va. Code Ann. § 18.2-246.3(A): 2 cases
Ronald Dean Northcraft v. Commonwealth of Virginia (Va. Ct. App. 2023).
“Code § 18.2-246.3 provides that it is “unlawful for any person knowingly to conduct a financial transaction where the person knows the property involved in the transaction represents the proceeds of an activity which is punishable as a felony.”
Northcraft (E.D. Va. 2026).
“2-605, one count of money laundering, in violation of Code § 18.2-246.3(A), and one count of attempted money laundering, in violation of Code §§ 18.”
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