However, a charge doesn’t mean you’ll be convicted. Your money laundering attorney will do everything to help you avoid spending a significant part of your life behind bars.
Contact Harrison, Hart & Davis, LLC to retain an assertive legal advocate focusing on federal and white-collar crimes. Schedule your confidential consultation today and learn more about your potential defense options.
Money Laundering: Laws & Penalties
Money laundering occurs when an individual has obtained money or property through unlawful or illegal activities, and they try to conceal the source of the funds by processing it through multiple transactions. There are three primary elements to money laundering offenses:
Under U.S. Codes 1956 and 1957, money laundering is illegal when an individual knows that the funds in question were obtained through illegal or unlawful activities. You can face criminal charges for money laundering if you:
Many people unknowingly get involved in money laundering schemes until they face criminal investigation or arrest. If you have been accused of money laundering, make sure you take steps to protect yourself and retain a criminal defense attorney to help clear your name.
Common laws related to money laundering include:
There are other laws related to money laundering that you should know and that could have an impact on the outcome of your case:
There are severe penalties if you are convicted of money laundering. Since many money laundering offenses are prosecuted at the federal level, you could expect to spend up to 20 years in prison and pay fines as high as $500,000.
You could be placed on probation, ordered to complete community service, or required to attend mental health counseling or drug or alcohol treatment.
Other collateral consequences of a money laundering conviction could include child custody or visitation problems, loss of firearm rights, and the destruction of your professional and personal reputations.
If you are charged with money laundering alongside another white-collar crime, the penalties you could face may be more severe. This is particularly true as criminal offenses prosecuted at the federal level are often not eligible for concurrent sentences. If you hope to avoid the fallout of a conviction, make sure you take steps to defend yourself.
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Expert Money Laundering Case Defense
Here is a basic idea of what to expect in your money laundering case:
If you face federal charges, there’s likely an ongoing federal investigation or one that’s about to start. Federal investigations often involve multiple charges and can last for an extended period, from weeks to months to years.
By the time you are notified of an investigation, it’s likely the government has extensive evidence, so hiring a defense lawyer is critical in your defense.
For the prosecutor to prove that you are guilty of money laundering, they must show that the funds in question were obtained through criminal activity and that you knew the funds were obtained through illegal activity.
By challenging the elements of the money laundering offense, your attorney may obtain an acquittal. They could get unlawfully obtained evidence suppressed, which could result in reducing or dismissing your charges.
Contact Us Now
A money laundering conviction could alter the rest of your life. If you hope to protect your future, make sure you have an experienced Albuquerque money laundering lawyer at Harrison, Hart & Davis, LLC advocating for you.
Our firm has extensive experience in dealing with federal and white-collar crimes. To learn more about the defense options most suited for your case, reach out to our office for a confidential case evaluation. You can complete our secure contact form or call our office (505) 295-3261.
From our office in Albuquerque, Harrison, Hart & Davis, LLC serves clients throughout New Mexico. We are focused on getting you the best outcome possible in the harshest of situations.