What Is Money Laundering?
Money laundering is an attempt to disguise money coming from an illegal
source. This money is transferred through a number of legal sources to
hide where it came from. Most money laundering cases involve individuals,
but a rare few involve organizations or groups. The sole purpose of money
laundering is to blur or erase the true source of the funds, which makes
it difficult for authorities to track down. However, legal money transfers
can also be subject to investigation, depending on the type. If you are
facing charges, we have the knowledge to prepare a legal defense and negotiate
with prosecutors on your behalf.
Cases involving charges of money laundering can be extremely complex because
several different law enforcement agencies may be involved.
These may include:
- Federal Bureau of Investigation (FBI)
- Drug Enforcement Administration (DEA)
- U.S. Customs
- Internal Revenue Service (IRS)
- Other state and local law enforcement agencies
The Consequences of a Money Laundering Conviction
The penalties for a federal money laundering conviction can include:
- Prison term of up to 20 years
- Fines of up to $500,000 or twice the value of the property involved.
- Confiscation of the value of the assets or funds involved by further criminal
or civil actions
A conviction for money laundering can have a severe impact on your life
and future. Besides the possibility of a prison sentence and fines, the
resulting criminal record may have an impact on your life for years to
come. It can be more difficult to find a job, obtain a loan or find housing
when you have a criminal record. If you or a loved one is facing charges
for money laundering, contact a knowledgeable criminal defense lawyer
as soon as possible. Our reputable law firm may be able to help you avoid
charges or negotiate a lesser charge. They will prepare the best possible
defense based on the facts of your case and protect your rights.
Contact us today
to speak with our legal team about your options.