Title: Money Laundering | CriminalDefenseLawyer.com
Headings: Money Laundering
Money Laundering
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Content: If, for example, you make $10,000 by selling a car and then try to hide that money from the IRS at tax time, you haven't committed money laundering. You've violated tax laws, but because the sale of the car was legal your actions do not count as money laundering. Penalties
State and federal money laundering laws differ significantly in the potential penalties associated with them. Money laundering convictions typically result in fines, prison, probation, or a combination of penalties. Prison. Money laundering is almost charged as a felony offense, but in some states misdemeanor charges are possible. A misdemeanor money laundering conviction can result in a jail sentence up to a year long, while felony convictions have penalties of a year or more in prison. In some situations, such as when a person is a repeat offender, where the money laundering was a part of an ongoing criminal enterprise, or where the laundering was related to terrorist activities, prison sentences can last 35 years or more. Fines. Money laundering fines can be steep.