What Is Considered Money Laundering Under The Law?
Money laundering is often misunderstood by the general public because most people mistakenly think that money laundering is only a drug-related offense. Money laundering is defined as a financial transaction wherein the individual is lying about the identity of the source of the funds, which come from an illegal origin. Drugs are an illegal source of funding but illegal sources of funding come from many different places. It could be corruption money, tax money that is owed, or money from some other shady business.
I Was Unknowingly Involved In a Money Laundering Operation And Am Now Facing State And Federal Charges. Does Not Having Any Knowledge Absolve Me Of All Guilt?
If you are unknowingly involved in something, you cannot be charged because knowing what’s going on is an essential part of the proof. If, as far as you knew, there was no illegal activity, then you wouldn’t be responsible under either state or federal law.
My Husband Moved Money Illegally Through Our Joint Bank Account. I Signed Papers For Him. Will I Also Be Charged With Money Laundering?
The general rule is that you are jointly responsible for crimes attached to your joint bank account with your partner or spouse.
Should I Work With Law Enforcement If I Am Being Investigated For Money Laundering?
The decision to work with law enforcement is something that should be done after consultation with your lawyer. It’s a fool’s errand for someone to work with law enforcement based on their promise that they will go easy on them. First, they don’t have the authority to go easy on you; that’s not their function in the criminal justice system. Secondly, anyone who is interacting with law enforcement without the advice and the assistance of a lawyer is really asking for trouble.
Should I Hire An Attorney Beforehand If I Suspect I May Be Arrested For Money Laundering?
You should hire a lawyer any time you suspect you are going to be charged with a crime. There is a lot a lawyer can do at an early stage of a case, when it is under investigation, and those doors will close later if there is a charge that is brought. The sooner you get a lawyer, the better off you will be.
What Are The Penalties Associated With Money Laundering Convictions?
Penalties for money laundering are driven by the amount of money involved and the nature of the transaction involved. They can run anywhere from probation to 30 years in prison.
For more information on Money Laundering Cases In Florida, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (305) 707-6111 today.
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