MONEY LAUNDERING UNDER WASHINGTON LAW
The laundering of money is perhaps best understood by thinking of the crime as including two acts. The first involves a person obtaining money from an unlawful activity – for example, theft or the sale of drugs. The second involves the person transferring the money to conceal its location, source, or nature.
Let’s consider an example. If a person obtains $10,000 from the sale of drugs, he has committed a crime and received money from an unlawful activity. This is the first act necessary to establish money laundering. If nothing further is done with the money, then we don’t have a case involving laundering. However, if the person now makes small deposits of the money into different bank accounts over an extended amount of time, to conceal where it came from, then that person has now committed the crime of money laundering.