The bill establishes two new offenses in Wyoming law: money laundering and illegal investment. Under the newly created sections 6-3-1101 and 6-3-1102, money laundering is defined as knowingly transporting or possessing property derived from criminal activity, or engaging in transactions intended to conceal the nature or source of such property. The penalties for money laundering include a felony charge with a potential imprisonment of up to ten years and a fine of up to $10,000. Similarly, illegal investment is defined as actions taken to evade transaction reporting requirements, including causing financial institutions to fail to report or structuring transactions to avoid reporting thresholds. This offense also carries the same penalties as money laundering.

The bill includes specific definitions for terms such as "derived from" and "property," clarifying the scope of the offenses. Both offenses are classified as felonies, with identical penalties, and the act is set to take effect on July 1, 2025.