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When a money laundering lawyer is needed |
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Money laundering is a federal crime. It occurs when a person conceals the use of money form an illegal enterprise. It is a complicated crime as the money trial has to be followed in order to obtain evidence. Besides that accused individuals are often charged whit additional crimes like fraud. |
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| Author: Cumurciuc Andrea |
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Money laundering charges and penalties
Money laundering appears when a criminal activity produces a considerable amount of money, which cannot be introduced into the legal economy without raising suspicions. In that situation an individual might try to deposit unlawfully gained funds into a bank account, or to pay someone with cash. If a person receives a cash transaction beyond $10,000 he must report it to the Internal Revenue Service. If the transaction is not reported the person could be charged with money laundering in a federal court.
The penalties a person could receive in case of a conviction for money laundering depend on the circumstances of the crime. Defendants might be sentenced at up to 20 years in prison and a fine up to $500,000 or twice the value of the laundered money. If the money laundering charge is accompanied with another charge for drug trafficking for example, the penalties are higher. In addition to that according to the law the government has the right to seize any property they can connect in a financial way to the specific criminal activity the defendant is accused of.
Get legal support
Hiring an experienced money laundering lawyer, immediately an individual becomes aware he is under investigation for money laundering, is essential. The government has the right to seize the defendant’s assets even before trial. So if a person wants to protect his properties and to challenge government seizure he will need professional help in time.
The chosen attorney should have experience in federal cases and work together with financial experts who are needed in this type of cases. He should present the defendant’s legal options, negotiate with prosecutors, if that is in the best interest of his client, explore all aspects of the case and build an aggressive defense in the courtroom, in order to achieve a not guilty verdict or at least to minimize the penalties.
About Author
For more legal information about money laundering charges and penalties please visit:
http://www.defenselawyerfederalcrime.com/money-laundering/
Article Source:
http://www.1888articles.com/author-cumurciuc-andrea-47646.html
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