Money Laundering Lawyers
Money laundering is the federal crime of making money gotten from illegal means look as though it has been obtained through a legitimate manner. The United States became the first country to make money laundering a crime in 1986.
What You May not Know about Money Laundering
The law can reach beyond U.S. borders if both of the following has occurred:
- Money laundering was committed by a U.S. citizen or by a non-U.S. citizen who conducts at least part of the offense in the United States
- The transaction totals more than $10,000
What Can Happen if You are Accused of Money Laundering?
The potential punishments for money laundering are extremely severe:
- Criminal sentence of up to 20 years in prison
- Criminal penalty of up to $500,000 in fines
- The government can file a Civil Penalty lawsuit for the value of funds or property involved in Money Laundering
Who Can Be Sued in Civil Money Laundering Lawsuits?
Money laundering is not only a criminal offense, but perpetrators can also be held civilly liable:
- Individuals - As mentioned above, the government can file a civil penalty lawsuit for the value of funds or property laundered against individuals.
- Financial Institutions - the Department of Justice also has the unique power under money laundering laws to pursue civil lawsuits against financial institutions even though they may not have been charged with the crime of money laundering.
- Suits are based on allegations that employees laundered money
- The lawsuit seeks recovery of the amount of money laundered
What Can You Do if You Have Been Accused of Money Laundering?
Since money laundering is a serious federal crime and carries harsh penalties, it is in your best interest to contact a criminal defense lawyer familiar with the intricacies of federal law to help in your defense.
Consult a Lawyer - Present Your Case Now!
Last Modified: 11-11-2011 04:06 PM PST
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