Minnesota § 609.497 - ENGAGING IN BUSINESS OF CONCEALING CRIMINAL PROCEEDS
Full text of Minnesota Minnesota Statutes § 609.497 — ENGAGING IN BUSINESS OF CONCEALING CRIMINAL PROCEEDS, with citation guidance and answers to common questions.
§ 609.497. ENGAGING IN BUSINESS OF CONCEALING CRIMINAL PROCEEDS
Subdivision 1.Crime.
A person is guilty of a felony and may be sentenced under subdivision 2 if the person knowingly initiates, organizes, plans, finances, directs, manages, supervises, or otherwise engages in a business that has as a primary or secondary purpose concealing money or property that was gained as a direct result of the commission of a felony under this chapter or chapter 152, or of an offense committed in another jurisdiction that would be a felony under this chapter or chapter 152 if committed in Minnesota.
Subd. 2.Penalty.
A person convicted under subdivision 1 may be sentenced to imprisonment for not more than 20 years, or to payment of a fine of not more than $1,000,000, or both.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 609.497
What does Minnesota Statutes § 609.497 cover?
Section 609.497 ("ENGAGING IN BUSINESS OF CONCEALING CRIMINAL PROCEEDS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 609.497?
A common citation format is "Minnesota Statutes § 609.497" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 609.497 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.