NC 14-118.8. - NC 14-118.8.

§ 14-118.8. Money laundering. (a) Definitions. - The following definitions apply in this section: (1) Criminal activity. - An offense that is (i) classified as a felony under the laws of this State or the United States or (ii) punishable by imprisonment for more than one year under the laws of another state. (2) Financial institution. - As defined in G.S. 14-119 or as defined in 31 U.S.C. § 5312. (3) Funds. - Includes any of the following: a. Coin or paper money of the United States or any other country that circulates and is customarily used and accepted as a medium of exchange in the country of issue. b. United States silver certificates, United States Treasury notes, and Federal Reserve System notes. c. An official foreign bank note that is customarily used and accepted as a medium of e...