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
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Money laundering penalties
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Content: 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: Third-degree crime carrying a sentence of 3 to 5 years in prison
Obstructing a legally required report from a financial institution: Third-degree crime carrying a sentence of 3 to 5 years in prison
The success or failure of a money laundering charge can hinge on whether the accused knew or should have known the property in question was derived from illegal activity. A careless statement by the accused can often have a devastating impact on his or her defense. That is why it is crucial for you to consult a New Jersey criminal defense attorney at the earliest stages of an investigation. An attorney from the New Jersey criminal law firm of Arseneault & Fassett, LLC can protect your rights during a money laundering investigation.