Title: New Jersey Money Laundering Lawyers | White Collar Crime Attorneys in NJ | Free Consultation
Headings: Money Laundering Lawyers New Jersey
Money Laundering Lawyers New Jersey
Get help from a New Jersey criminal law firm
Money laundering penalties
Contact Arseneault & Fassett, LLC

Content: New Jersey Money Laundering Lawyers | White Collar Crime Attorneys in NJ | Free Consultation
Money Laundering Lawyers New Jersey
Get help from a New Jersey criminal law firm
Most people have heard the term money laundering before but do not really understand what it entails. Money laundering is the process of disguising the source of property obtained through illegal activity by channeling it through legitimate business. In New Jersey, several types of conduct constitute money laundering: Possessing property that a reasonable person would know to be derived from illegal activity
Entering a transaction involving such property knowing that the purpose of the transaction is to disguise the source of the property or avoid federal or state reporting requirements
Preventing a financial institution from filing a report required by state or federal law or causing such an institution to file a report containing material omissions or false facts
At Arseneault & Fassett, LLC, we are respected for our level of integrity and devotion to clients accused of white-collar crime. Contact us for legal representation. Money laundering penalties
Money laundering is a serious crime under both New Jersey and federal law. In New Jersey, the severity of a money laundering crime usually depends on the value of the property involved: $500,000 or more: First-degree crime carrying a sentence of 10 to 20 years in prison
$75,000 to $499,000: Second-degree crime carrying a sentence of 5 to 10 years in prison
Less than $75,000: