Title: Money Laundering Attorney: Charges, Penalties, Defenses
Headings: Money Laundering
Money Laundering
Accused of laundering money? Talk to an expert criminal defense lawyer
New York Criminal Attorneys That Can Defend You Against Money Laundering Offenses
Money Laundering Laws in the United States
What is Money Laundering
Stages of Money Laundering
1. Placement
2. Layering
3. Integration
New York State Laws
Federal Laws
MONEY LAUNDERING SCHEMES
Wire Fraud
Real Estate Money Laundering
Terrorist Financing
Online and Electronic Money Laundering
Drug Money Laundering
Corporate Money Laundering
Tax Evasion
Insurance
Punishment and Penalties for Money Laundering: Fines and Sentencing
New York Money Laundering Criminal Defense Attorney
How Bukh Law Firm can Help With Your Money Laundering Case
Money laundering is a serious offense with potential long-term consequences, including jail time. When your future is at stake, contact the top notch Manhattan criminal defense attorney. Call us 800-601-0207. We are available 24/7.

Content: Real Estate Money Laundering
One relatively recent development in money laundering involves the purchase and resale of real estate. An individual will set up an LLC that acts on behalf of the holders’ interests. While an LLC can own property, enter into agreements and create accounts, it also avoids the tax obligations that go with being a corporation as well as the legal filing requirements. Through the protection of the LLC, the individual will purchase property, usually in cash which has been generated by illegal activities, and then resell, or “ flip ” it, as soon as the closing is completed. Once the resale is completed, the original buyer now has their financial assets compartmentalized from criminal activity, and it can be placed in the traditional financial market. Some of the criteria that investigators look for: The finances come from a region and country that is known for weak anti-money laundering laws
A Limited Liability Corporation (LLC) or partnership is used to hid the identity of the individual controlling the property
Names should be checked against the OFAC
The deal in question undervalues the property
Cash is brought to the closing
Buyer pays all cash, and the amount doesn’t meet their personal characteristics or occupation
The purchaser resells the property almost immediately
The buyer does not take time to see the property and/or is not interested in the property’s features
Terrorist Financing
Money laundering as an integrate part of terrorism stepped into the spotlight in America after 9/11. To make sure there was a sufficient amount of monitoring by financial institutions, the US Government made sure to include clauses in the USA Patriot Act which dealt with the financing of terrorism and anti-money laundering laws. The law also reached outside of American borders and American banks requiring extra-territorial banks to upgrade their processes. At first, the focus of the regulatory efforts was non-profit groups and unregistered money service businesses.