Archive May 1, 2018

Money Laundering Defense

Money Laundering Defense

Money laundering has become the focus of stringent new laws in this country. The President of the United States was required to create a confidential strategy for dealing with money laundering crimes, according to federal law.  The state of Florida also has laws regarding money laundering. Florida’s Southern District federal court handled the most money laundering cases of any court in the United States during 2001.

If you or a loved one has been arrested or is under investigation for money laundering, contact Broward County money laundering attorneys as soon as possible. They have the experience you need to thoroughly investigate your case and provide options to protect your legal rights.

Money Laundering Defense

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, Broward County money laundering lawyers 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

Money Laundering Defense

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 of money laundering, contact a knowledgeable criminal defense lawyer as soon as possible. Money laundering attorneys in Broward County, including the cities of Coral Springs, Fort Lauderdale, Hollywood and Pompano 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.