Money laundering: digital financial assets.
Summary
This California bill expands the definition of money laundering to include transactions involving digital financial assets, in addition to traditional monetary instruments. It applies to individuals who conduct transactions exceeding $5,000 within seven days or $25,000 within 30 days with the intent to facilitate or conceal criminal activity. The bill increases criminal penalties for money laundering convictions, with enhanced sentences based on transaction value, ranging from one to four additional years of imprisonment for transactions exceeding $50,000.
Sponsor
Last action
Referred to Com. on PUB. S.
May 26, 2026
Topics
Legislative history
Referred to Com. on PUB. S.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 7. Noes 0.) (May 14).
Read second time and amended. Ordered to second reading.
Set for hearing May 14.
May 4 hearing: Placed on APPR. suspense file.
Set for hearing May 4.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (April 21). Re-referred to Com. on APPR.
Set for hearing April 21.
April 14 set for second hearing canceled at the request of author.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on PUB. S.
Set for hearing April 14.
April 7 set for first hearing canceled at the request of author.
Set for hearing April 7.
Referred to Com. on PUB. S.
From printer. May be acted upon on or after March 22.
Introduced. Read first time. To Com. on RLS. for assignment. To print.