Bill Text: CA AB465 | 2023-2024 | Regular Session | Introduced

California Assembly Bill 465

Introduced

Bill Title: Money laundering.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2024-02-01 - Died at Desk. [AB465 Detail]

Download: California-2023-AB465-Introduced.html

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill

No. 465

Introduced by Assembly Member Alanis

February 06, 2023

An act to amend Section 14165 of the Penal Code, relating to crimes.

LEGISLATIVE COUNSEL'S DIGEST

AB 465, as introduced, Alanis. Money laundering.

Existing law requires specified financial institutions to make and keep a record of, and file a report with the Department of Justice regarding, each transaction by, through, or to, the financial institution that involves currency of more than $10,000, and makes a violation of these provisions a crime. Existing law authorizes the Department of Justice to make a report or information contained in a report available to a district attorney or a deputy district attorney.

This bill would make technical, nonsubstantive changes to these provisions.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 14165 of the Penal Code is amended to read:

14165.

(a) The department shall analyze the reports required by Section 14162 and shall report any possible violations indicated by this analysis to the appropriate criminal justice agency.

(b) The department, in the discretion of the Attorney General, may make a report or information contained in a report filed under Section 14162 available to a district attorney or a deputy district attorney in this state, upon request made by the district attorney or ~~his or her~~ their designee. The report or information shall be available only for a purpose consistent with this title and subject to regulations prescribed by the Attorney General, which shall require the district attorney or ~~his or her~~ their designee seeking the report or information contained in the report to specify in writing the specific reasons for believing that a provision of this title or Section 186.10 has been violated.

(c) The department shall destroy a report filed with it under Section 14162 at the end of the fifth calendar year after receipt of the report, unless the report or information contained in the report is known by the department to be the subject of an existing criminal proceeding or investigation.