Virginia statute
Va. Code Ann. § 18.2-516 — Prohibition of illegal money transmitting
Current through 2026 Regular Session
Part of Chapter 13: Virginia Racketeer Influenced and Corrupt Organization Act, Code of Virginia.
Criminal charges under this statute
Full text of Va. Code Ann. § 18.2-516
Statutory text current through the 2026 Regular Session. This publication reproduces the text of the Code of Virginia from the official Virginia Law Portal API published by the Virginia General Assembly's Division of Legislative Automated Systems; it is not the official Code of Virginia.
A. Any person who controls, manages, or owns all or part of an enterprise, engaged in money transmission as defined in § 6.2-1922 , and transmits money, which he knows or should have known was derived from or traceable to racketeering activity, is guilty of a Class 6 felony.
B. All property, real or personal, including money, used in substantial connection with, intended for use in the course of, or traceable to, conduct in violation of any provision of subsection A is subject to civil forfeiture to the Commonwealth. The forfeiture proceeding shall be conducted pursuant to the provisions of Chapter 22.1 (§ 19.2-386.1 et seq.) of Title 19.2.
Official sources
Legal terms used in this section
Questions this section answers
Is prohibition of illegal money transmitting a felony or a misdemeanor in Virginia?
Prohibition of illegal money transmitting is a class 6 felony in Virginia under Va. Code Ann. § 18.2-516.
Which Virginia statute covers prohibition of illegal money transmitting?
Prohibition of illegal money transmitting is governed by Va. Code Ann. § 18.2-516 (Prohibition of illegal money transmitting).
This reference is informational and is not legal advice.