A new Administration of Justice Bulletin on Money Laundering under G.S. 14-118.8 is now available here. I previously posted about the relatively new statutory offense here, and this bulletin expands on the issue.

The term “money laundering” generally refers to transferring illegally obtained money through legitimate people or accounts so that its original source cannot be traced. In North Carolina, however, the crime of money laundering is defined more broadly to include activities beyond disguising the source of dirty money. Under G.S. 14-118.8, a person commits money laundering if he or she knowingly and willfully, among other things, merely possesses the proceeds of criminal activity. The same statute prescribes seven categories of conduct that, if undertaken with the requisite mental state and involving proceeds or funds of a certain amount, constitute the crime of money laundering. This bulletin explores the provisions of G.S. 14-118.8, with a view toward illuminating the offense of money laundering in North Carolina.

In addition, new episodes of Turning State’s, an SOG podcast, are now available. Turning State’s is a podcast for North Carolina prosecutors and others interested in the criminal justice system in North Carolina. Hosted by Joseph L. Hyde, with SOG, and Jonathan Holbrook, with NCCDA, the podcast follows the format of a case update. Each episode features Hyde and Holbrook discussing a few criminal cases recently decided by North Carolina appellate courts.