{"id":371995,"date":"2016-10-06T15:17:24","date_gmt":"2016-10-06T20:17:24","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/state\/colorado-law\/colorado-money-laundering-laws.html"},"modified":"2018-03-09T11:34:00","modified_gmt":"2018-03-09T16:34:00","slug":"colorado-money-laundering-laws","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/state\/colorado-law\/colorado-money-laundering-laws.html","title":{"rendered":"Colorado Money Laundering Laws"},"content":{"rendered":"\n
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Colorado Money Laundering Laws<\/h1>\n
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Created by FindLaw’s team<\/a> of legal writers and editors<\/i><\/p>\n\n | Last updated\n

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Money laundering is a term you may have heard in the movies or on television, but what does it really mean? Does it mean a little backroom organized crime<\/a> action \u00e0 la 1920\u2019s mobster Al Capone who used local laundries to cover up his profits from gambling, racketeering, and bootlegging? Sure, that is one example of money laundering<\/a>, but more specifically it is the process of converting funds derived from illegal activities into spendable or consumable form. Colorado money laundering laws impose harsh penalties for those who attempt to cheat the system for whatever reason, whether to hide assets, evade tax laws, or increase one\u2019s business profits. Below you will find key information about money laundering laws, penalties, and associated crimes.<\/p>\r\n

Money Laundering Defined<\/h2>\r\n

Money laundering is a form of fraud and financial crime<\/a>. It involves taking unlawfully obtained money and integrating it through lawful businesses so it appears to come from a lawful source. Essentially it is a crime that involves transferring money derived from almost any criminal activity into seemingly legitimate channels in an attempt to hide the origin of the funds. Examples of criminal activities include:<\/p>\r\n