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: 05-21-2014 02:15 PM PDTLaw Library Disclaimer
We've helped more than 4 million clients find the right lawyer – for free. Present your case online in minutes. LegalMatch matches you to pre-screened lawyers in your city or county based on the specifics of your case. Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. If so, attorneys respond with an offer to represent you that includes a full attorney profile with details on their fee structure, background, and ratings by other LegalMatch users so you can decide if they're the right lawyer for you.