The bill establishes new offenses related to money laundering and illegal investments in the state of Wyoming. It introduces definitions for terms such as "financial or business institution" and outlines the criteria for what constitutes money laundering, which includes knowingly transporting or engaging in transactions involving property derived from criminal activity. The penalties for money laundering are set as a felony, with potential imprisonment for up to ten years and fines not exceeding $10,000.

Additionally, the bill defines illegal investment as actions taken with the intent to evade transaction reporting requirements, including causing financial institutions to fail to report or misstate facts. Similar to money laundering, illegal investment is classified as a felony with the same penalties. The act is set to take effect on July 1, 2026.