Alexandria Money Laundering Attorneys
Federal Money Laundering Laws
Whether you are facing serious federal charges like drug trafficking, racketeering (RICO), or even wire fraud, it is not uncommon to be charged with other crimes, including money laundering. This type of federal offense involves acquiring money through criminal actions and then funneling the funds through a legitimate company to make the money appear “clean.” If you are facing money laundering charges in Virginia or Washington D.C., let Bynum & Jenkins Law defend you against harsh criminal penalties.
What is Money Laundering?
In order to convict someone for money laundering in the United States, the prosecution must show that the defendant concealed money in order to cover up the source, nature, location, and identity of the illegally obtained funds. This does not mean putting the money in a safe or another hidden place. Rather, money laundering involves depositing money in a bank or business to make it appear come from a legitimate source.
The government must also prove that the money originated from a specific federal offense, such as those mentioned above. If the funds did not come from criminal activity, the prosecution cannot obtain a money laundering conviction.
Types of Money Laundering Offenses
At t Bynum & Jenkins Law we help defend clients from all types of money laundering related offenses such as:
- Illegal wire transfers
- Structuring transactions to conceal source or value
- Failure to report transactions over $10,000
- Financial transactions from unlawful activities
What Are the Penalties for Money Laundering?
What Is the Maximum Sentence for Money Laundering?
Under federal law (18 U.S.C. §1956), money laundering is punishable by maximum prison term of 20 years. The greater the amount of money involved in the alleged offense, the longer the prison sentence and the higher the fines. Because of the seriousness of the charges you face, it is imperative to hire an experience federal criminal defense lawyer to fight for the best possible outcome. Do not wait to let the legal system play out and take proactive action to defend yourself with the help of Bynum & Jenkins Law.
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More Than 26 Years of Legal Experience
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