Money Laundering Defense
There are unfortunately many instances where an individual or an entire enterprise generate income from illegal sources — gambling, drug dealing, loan sharking and dealing in stolen goods are just a few examples. Even if the original criminal activity is not prosecuted, recipients must report this income in a timely and accurate manner in order to avoid money laundering charges. Failure to do so can and usually will lead to allegations of Tax Evasion and other White Collar Crime indictments, which in turn can expose the original criminal conduct – and lead to money laundering charges.
Money Laundering Prosecution on the Rise
The Federal Government has, in recent years, showed increasing concern for matters of money laundering; this has led to an increased number of individuals facing money laundering charges. White collar attorneys at The Blanch Law Firm understand the complexities of money laundering and other white collar criminal indictments and know how to act early on your behalf in order to minimize the potential damages to those facing such charges.
Effective Money Laundering Defense
Our team of dedicated defense lawyers has over 60 years of combined experiences litigating money laundering and other financial criminal matters and will dedicate itself to preserving your financial resources and liberty. If you or someone you know is facing money laundering charges, Contact Us today for a free and confidential consultation on your legal matter.
Money Laundering Defined
Money laundering is generally defined as converting income derived from illegal activities to some form of transactions that give the appearance of legally-generated income. Usually, money laundering is charged as a federal offense, as at some point in the process, banks are involved, even if that bank is completely innocent and merely accepts what appear to be legitimate deposits.
Money laundering is also something that’s investigated by the Internal Revenue Service, and the way in which many guilty of money laundering are prosecuted involves charges of Tax Evasion or tax fraud, as at its base, money laundering involves not reporting certain income both for the purposes of not disclosing illegal activities to the government and in order to avoid paying income tax on revenue derived from these activities.
Money laundering has also come under a higher degree of scrutiny since 9/11, as many terrorist organizations are involved in this activity in order to fund their criminal behaviors. Whether you are involved in this or not, you could face stiff fines and extremely harsh penalties for money laundering even if you are not involved in the funding of terrorism.
Punishments for money laundering are always quite severe. You could face many years in prison and fines that may never reasonably be able to be repaid. If you are facing this scenario, contact the Blanch Law Firm as soon as possible to schedule an initial consultation.