Money laundering is a very serious criminal offense. Used extensively by organized crime syndicates and by those engaging in drug crimes and white collar crimes, money laundering involves concealing the source or destination of money which is gained through illegal means. This federal charge has been expanded to include many more implications than “mob money,” being defined by the U.S. Office of the Comptroller of Currency as “any financial transaction which generated an asset or a value as the result of an illegal act.” This is a sweeping definition, and as you can imagine, one can easily be caught up in something unwittingly that can lead to grievous consequences. If you have been arrested, make no delay in calling us for strong legal counsel.
The crime of money laundering can be committed by everyone from Mafia members to drug dealers, or from corrupt officials to private persons. It is a direct consequence of another illegal act, and is therefore criminal itself. With the expanding global implications of money laundering as critical to terrorism operations, federal and global law enforcement efforts have been greatly increased in recent years. A money laundering conviction can bring fines up to half a million dollars or twice the amount involved in the criminal act, whichever is greater, as well as a prison term of up to twenty years.
We at Kaye, McLane, Bednarski & Litt, LLP, have been serving clients with deep care and recognized success for a combined six decades. Our team will not just represent your legal rights, but also your best interests and will mount the strongest possible efforts on your behalf. We understand your concern, and pledge to offer close, communicative representation through each step we take together.
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