Title: Money Laundering Charges and Penalties - Federal Criminal Lawyer
Headings: Money Laundering Charges
Money Laundering Charges
Money laundering charges can be serious and complex. We can help.
Defenses against Money Laundering Charges
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Content: It has to be dirty money. Now, the money laundering statute gives a list of different types of crimes that must be involved for the money to be money subject to a money laundering charge, but it’s a long list. So almost any type of federal crime where the person is alleged to have made some money can be the basis for a money laundering charge, as long as the money actually comes from the crime. And of course, the person who’s being charged with money laundering has to know that. They have to know that the money that they’re taking, receiving, or using in some way comes from some type of criminal activity. And finally, for this type of money laundering offense, the money has to be used or a particular purpose. In other words, you’re taking the money, putting it into a bank account or buying something with it for the purpose of promoting the underlying crime, trying to conceal it, or trying to avoid a reporting requirement, taking the money and dividing it up into less than $10,000, which is a structuring crime and certainly can also be money laundering. But there’s another type of money laundering offense, and that’s found in 18 U.S.C. Section 1957. Also, a very serious crime, but the maximum is 10 years instead of 20 years and the elements are a little different. First of all, it has to involve a monetary transaction.