Top Woodstock, MD Money Laundering Lawyers Near You
Money Laundering Lawyers | Serving representing clients in federal court nationwide
Experience Matters When So Much Is On The Line. Representing Clients In All States For Federal Criminal Defense
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Money Laundering Lawyers | Serving Baltimore, MD
Baltimore Premier Criminal Defense Firm, Handling both Federal and State Cases for over 33 years, including Internet Sex Crimes.
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Money Laundering Lawyers | Serving NATIONWIDE REPRESENTATION-IN OFFICE- PHONE-VIRTUAL CONSULTATIONS
Fed Trouble? Free Consult. Former Prosecutor & Team Former Federal Agents. Call/Text 24/7. Immediate Response Guaranteed!
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Our nationwide team of defense lawyers includes a former U.S. Attorney, four former Federal Prosecutors, two former FBI agents and two former Army JAGS.
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1435 Sulphur Spring Road, 1st Floor, Baltimore, MD 21227
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Get assistance for your Money Laundering issue in the Woodstock, Maryland area. Law Offices of Charles L. Waechter can help.
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250 W Pratt St, Suite 2200, Baltimore, MD 21201
1301 York Rd, Suite 200, Lutherville-Timonium, MD 21093
111 S Calvert St, Suite 2000, Baltimore, MD 21202
100 Light Street, 26th Floor, Baltimore, MD 21202
100 International Dr, Suite 700, Baltimore, MD 21202
10440 Little Patuxent Parkway, Suite 300, Columbia, MD 21044
2860 Quarry Lake Dr, Suite 301, Baltimore, MD 21209
12 S. Calvert Street, Second Floor, Baltimore, MD 21202
400 E Pratt St, Suite 900, Baltimore, MD 21202
250 West Pratt Street, Suite 2000, Baltimore, MD 21201
25 S Charles St, Suite 2015, Baltimore, MD 21201
8830 Stanford Boulevard, Suite 400, Columbia, MD 21045
210 Allegheny Ave, Towson, MD 21204
222 Prince George St., Suite 110, Annapolis, MD 21401
8 E Mulberry Street, Baltimore, MD 21202-2105
711 St. Paul Street, Baltimore, MD 21202
100 Light Street, 19th Floor, Baltimore, MD 21202-1643
400 Redland Ct, Suite 204, Owings Mills, MD 21117
210 West Pennsylvania Avenue, Suite 400, Towson, MD 21204
120 East Baltimore Street, Suite 2500, Baltimore, MD 21202
5950 Symphony Woods Rd, Suite 510, Columbia, MD 21044
120 E. Baltimore Street, Suite 1800, Baltimore, MD 21202
1201 Wills St, Suite 320, Baltimore, MD 21231
One East Pratt Street, Suite 904, Baltimore, MD 21202
Woodstock Money Laundering Information
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What Is Money Laundering?
Money laundering generally involves processing money gained from unlawful activity to make it appear legitimate. By passing criminal gains through a series of transactions, the money does not appear to be directly traced to the criminal activity. Money laundering can come from a variety of unlawful sources, including illegal gambling, drug trafficking, or terrorist activities.
Dealing with large amounts of money can raise red flags and alert law enforcement. There are financial reporting requirements when someone withdraws or deposits more than a certain amount of money. When large amounts of money are used to transfer through banks, buy a car, or invest in a building project, the IRS may want to know if tax has been paid on that money and the justice department may want to know the source of that income.
How Does Money Laundering Work?
Money laundering generally goes through a 3-step process of placement, layering, and integration.
In the first step, the criminal source of income is deposited into the financial system through a deposit, transportation of cash, or change in currency.
In the second step, layering, the criminal proceeds are concealed through withdrawals, transfers, or deposits in other accounts.
In the third step, integration, the money appears to have a legitimate source through creating fake loan documents, hiding the ownership of the funds, or using the money in 3rd party transactions.
What Is an Example of Money Laundering?
A drug dealer has made a lot of money and wants to conceal the illegal source of the “dirty money.” The dealer’s friend buys a laundromat and the dealer’s money is invested in the business to buy equipment, advertising, supplies, and pay for employees. The laundromat has a few actual customers and appears to be a legitimate business. The dealer’s money is commingled with the business income to make it appear like the business is very profitable. The money can now be deposited in a bank as income from a laundromat instead of as drug money.
Is Money Laundering a Federal Crime?
Money laundering can be a state criminal charge or a federal offense. When money laundering involves a flow of resources to and from federal crimes or passes through interstate commerce, it can be charged as a federal crime. Under 18 U.S. Code § 1956, it is a crime to participate in money laundering knowing the transaction is designed to conceal the nature, location, source, ownership, or control of the proceeds.
What Is the Punishment for Money Laundering?
The criminal penalties for a money laundering offense can be severe. Anyone involved in a money laundering scheme can be charged, even if they did not directly participate in the unlawful source of the money. A conviction for money laundering includes a prison sentence of up to 20 years and a fine of up to $500,000, or double the value of the property involved in the financial transactions. For example, the penalties for money laundering $1 million in unlawful gains could include a fine of up to $2 million.
There are also civil fines associated with money laundering. Whoever conducts or attempts to conduct a money laundering transaction is liable to the United States for a penalty of the value of property, funds, or monetary instruments involved in the transaction.
Money laundering usually involves some underlying criminal activity. Participating in money laundering may also carry related criminal charges, including bank fraud, securities fraud, racketeering, tax fraud, mortgage fraud, health care fraud, mail fraud, or other white-collar crime.
What Are Potential Defenses to Money Laundering?
Money laundering can be a complicated process. Laundering transactions can involve multiple shell companies, bank accounts, and account holders. In some cases, identity theft can be used to make it appear like an innocent person is involved. It may be a compelling defense to money laundering charges if the defendant did not have knowledge of the illegal activity or did not know the transaction was to conceal the nature or original source of the proceeds.
Do You Really Need a Money Laundering Defense Lawyer?
When accused of a money laundering charge, where do you turn for help? Even before criminal charges are ever filed, during a federal level investigation for money laundering, you may want to think about contacting a criminal lawyer. Money laundering cases can be complex and may require an experienced money laundering attorney to build a strong defense. A criminal defense attorney can review the criminal record, identify weaknesses in the prosecutor’s case, and defend you in court. Criminal defense lawyers may also be instrumental in negotiating a plea agreement to have your charges reduced or avoid additional criminal charges.