Money laundering became a very serious issue for the federal government especially because of its relationship with terrorism. Consistent founds were invested in investigations and quick convictions are needed. But money laundering is not connected just to terrorism. People involved in other type of criminal activities like drug trafficking or business crimes can face the same charges.
According to federal law an individual can be charged with money laundering if he was involved in any kind of transactions regarding founds or properties that resulted from a illegal activity. However in order to convict a person prosecutors will have to prove that the accused performed the transaction being aware of the properties illegal origin.
Another common type of money laundering charge is filed when a person received an amount of money larger than $10,000 but failed to report it. If an individual is aware of an ongoing criminal activity, involving drug trafficking or terrorism and fails to report it to the police, he will face the same charges.
In case of a conviction defendants are likely to face property seizure, imprisonment up to 20 years and monetary fines up to $500,000. If in addition to money laundering a person was charged and convicted for other crimes too, his penalties will increase.
How can a lawyer help
Hiring a money laundering lawyer as soon as possible is essential for all individuals charged with this type of crime. An experienced attorney can prevent founds and property seizure by the federal government before the trial. He can negotiate with prosecutors if his client considers it is the best option for him. Determined lawyers can work together with financial expert, who are often needed in money laundering cases, and build a strong defense for his client, which might bring him a not guilty verdict or at least a minimum possible penalty.