Title: Money Laundering | CriminalDefenseLawyer.com
Headings: Money Laundering
Money Laundering
Defend your rights. We've helped 95 clients find attorneys today.
Spending vs Concealment
Concealment
Criminal Proceeds or Criminal Receipts
Illegal Activity
Penalties
Consult a Lawyer in Your Area

Content: The lawyer or law firm you are contacting is not required to, and may choose not to, accept you as a client. The Internet is not necessarily secure and emails sent through this site could be intercepted or read by third parties. show all options
< back forward >
feature/path.2.83:2021-05-17_13-03-59
Contrary to the common idiom, crime often pays. It can pay so much, in fact, that people with illegally acquired funds often develop complicated plans to make it appear as if the money originated from a legal source. This is money laundering. According to the International Monetary Fund, the amount of money laundered every year is estimated to be between $600 billion and $1.5 trillion. Money laundering occurs whenever a person attempts to conceal the source, destination, or identity of illegally obtained or acquired money. Money laundering is criminalized under both state and federal laws. Spending vs Concealment
Money laundering applies when a person attempts to conceal illegally obtained funds, but it doesn't include merely spending money. If, for example, you make $1,000 selling stolen goods and then go out and buy something, you have not laundered any money.