Money Laundering

Money Laundering

Money Laundering

Money laundering is recognized as a complex process of concealing the origins and destinations of illegally obtained funds (by way of criminal conduct) through a series of bank transfers or commercial transactions to establish a sense of legitimacy. This intentionally transforms ill-gotten gains into legitimate money or other assets.

Money that has been acquired through criminal activity such as illegal gambling, drug trafficking, extortion, or insider trading, is considered to be “dirty” and must therefore be “cleaned” through various legitimate transactions before it can be deposited without arousing suspicion.

Considered to be a serious crime, money laundering is almost always charged as a felony offense. Felony convictions carry a minimum prison sentence of up to one year. Repeat offenders involved in the activities of a criminal enterprise, or in association with terrorist activities, can face a prison sentence of up to 35 years or longer. In addition to serving time in prison, a federal conviction can result in fines up to $500,000 or double the amount of money that was laundered, whichever is higher.

If you find yourself charged with money laundering, it is important to seek an experienced criminal defense lawyer, as federal and state money laundering laws can vary significantly.

Money laundering is recognized as a complex process of concealing the origins and destinations of illegally obtained funds (by way of criminal conduct) through a series of bank transfers or commercial transactions to establish a sense of legitimacy. This intentionally transforms ill-gotten gains into legitimate money or other assets.

Money that has been acquired through criminal activity such as illegal gambling, drug trafficking, extortion, or insider trading, is considered to be “dirty” and must therefore be “cleaned” through various legitimate transactions before it can be deposited without arousing suspicion.

Considered to be a serious crime, money laundering is almost always charged as a felony offense. Felony convictions carry a minimum prison sentence of up to one year. Repeat offenders involved in the activities of a criminal enterprise, or in association with terrorist activities, can face a prison sentence of up to 35 years or longer. In addition to serving time in prison, a federal conviction can result in fines up to $500,000 or double the amount of money that was laundered, whichever is higher.

If you find yourself charged with money laundering, it is important to seek an experienced criminal defense lawyer, as federal and state money laundering laws can vary significantly.

Money laundering is recognized as a complex process of concealing the origins and destinations of illegally obtained funds (by way of criminal conduct) through a series of bank transfers or commercial transactions to establish a sense of legitimacy. This intentionally transforms ill-gotten gains into legitimate money or other assets.

Money that has been acquired through criminal activity such as illegal gambling, drug trafficking, extortion, or insider trading, is considered to be “dirty” and must therefore be “cleaned” through various legitimate transactions before it can be deposited without arousing suspicion.

Considered to be a serious crime, money laundering is almost always charged as a felony offense. Felony convictions carry a minimum prison sentence of up to one year. Repeat offenders involved in the activities of a criminal enterprise, or in association with terrorist activities, can face a prison sentence of up to 35 years or longer. In addition to serving time in prison, a federal conviction can result in fines up to $500,000 or double the amount of money that was laundered, whichever is higher.

If you find yourself charged with money laundering, it is important to seek an experienced criminal defense lawyer, as federal and state money laundering laws can vary significantly.

If you or your loved one is in need of representation for a criminal charge, LaHood Norton is ready to help. For a free review of your case contact the Law Offices of LaHood Norton at (210) 797-7700 Monday – Friday. The legal system can be overwhelming. You need a legal team that will take your case seriously and fight for you.