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Engaging in a financial transaction in property derived from unlawful activity

(1) knowingly engages in or attempts to engage in a financial transaction in property that:

(a) constitutes, or is derived from, the proceeds of unlawful activity

(b) is of a value greater than $10,000 AND

(c) the defendant knows is derived from or represents the proceeds of some form (though not necessarily which form) of unlawful activity

(3)(b) "Unlawful activity" means any act constituting a felony under state, federal or foreign law