Facing Federal Money Laundering Charges?

Seeking Immediate Counsel from a Federal Defense Lawyer is Imperative

The earlier you receive expert counsel, the more likely your matter will end favorably. If you’re facing prosecution, contact us immediately.

Federal Money Laundering Charges in New York

Money laundering charges typically attach to other forms of bank fraud or tax crimes. A serious federal charge, investigations into money laundering typically take place over the course of several years and are the byproduct of an expansive effort by federal agents and IRS officials.

Codified by 18 U.S.C. § 1956, 1957, just about any financial or monetary transaction involving money obtained from unlawful activity can be a federal money laundering offense. As alluded to, prosecutors routinely attach money laundering to other white-collar offenses because they are typically easier to prove yet call for just as much, if not more prison time. Of course, money laundering charges are also frequently coupled with federal drug crimes as well, whereby individuals accused of profiting from the sale of controlled substances are then also accused of funneling these proceeds into the banking system by illegitimate means in an effort to bypass federal tax requirements.

Specifically, money laundering includes acts such as:

• Conducting a financial transaction involving illegally obtained money, with the intent of forwarding that illegal act that produced the money, or to commit tax evasion.
• Conducting a financial transaction to conceal or disguise money the source or nature of money that has been illegally obtained.
• Transporting, or attempting to transport, money in such a manner as discussed above.

Under 18 U.S.C. § 1956, any person or business executive can commit money laundering if they intentionally and knowingly promote carrying on illegal activity – avoid paying taxes or transaction reporting requirements – or they conceal the nature, ownership, location, source – or commit a variety of different acts, including conducting, or attempting to conduct as a financial transaction involving money when they know it was earned from unlawful activity; Transport, transfer or transmit, (or attempts) any funds to or from foreign country; or conducts (or attempts) a financial transaction involving money represented to be proceeds of unlawful activity or property used to conduct unlawful activity.

Under 18 U.S.C. § 1957, any person or business executive can commit money laundering when they knowingly engage or attempt to engage in a monetary transaction in criminally derived property of a value greater than $10,000.

Sentencing & Penalties in New York

If convicted of money laundering under 18 U.S.C. § 1956, you will likely face significant penalties, including: 

• A fine of up to $500,000, or twice the value of the property involved in the money laundering, whichever is greater, and
• Up to 20 years in federal prison.

How We Fight Federal Money Laundering Charges in New York

Being charged with money laundering will subsequently entail voluminous discovery productions by federal prosecutors. It is crucial that your defense attorney efficiently organize and interpret this evidence, and begin a counter-investigation by issuing subpoenas, tracking down favorable witnesses, and locating exculpatory evidence to show that you did not illegally funnel money into the banking system or avoid paying taxes on your income.

If mishandled, a money laundering conviction on its own or with enhancements may lead to decades behind bars and hefty fines. Only an experienced criminal defense lawyer who has years of experience in dealing with such cases can properly help.

Your Defense Begins Now

If you are accused of money laundering, hire a former prosecutor and prominent criminal defense attorney who has dealt with these offenses on both sides of the courtroom. The steps your defense attorney takes, by way of investigation and creative advocacy, will increase your chances of successfully walking away from these accusations and shape the rest of your life.

The sooner you put your case in the hands of an experienced criminal defense lawyer, the more opportunity you will have to work toward a favorable outcome. Contact The Law Offices of Jason Goldman today.