Money laundering is the white collar 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.
The law can reach beyond U.S. borders if both of the following have occurred:
The potential punishments for money laundering are extremely severe:
Money laundering is not only a criminal offense, but the following perpetrators can also be held civilly liable:
Since money laundering is a serious federal crime and carries harsh penalties, it is in your best interest to contact a criminal defense lawyer if you have been accused of laundering money. A criminal defense attorney is familiar with the intricacies of federal law and will be able to help in your defense.
Last Modified: 04-23-2018 07:54 PM PDTLaw Library Disclaimer
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