Federal money laundering allegations are serious criminal charges that carry potential penalties of up to 20 years in prison, fines, and asset forfeiture. The charges are usually alleged in conjunction with another crime like a conspiracy to distribute narcotics.
18 U.S.C. section 1956 generally covers federal money laundering crimes. This statute makes it a crime to transfer money that was illegally obtained into legitimate means or institutions as an attempt to disguise the origin of the funds. The statute penalizes anybody who knows the property came from unlawful activities and engages in a transaction involving those funds.
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Money laundering can generally be thought of as disguising the origin or source of money, especially when the funds were obtained by illegal means. The charges commonly involve fraud, drug trafficking, or embezzlement.
18 U.S.C. section 1956 a person commits money laundering when they intend to and knowingly carry on illegal activity or conceal the nature, ownership, location, among other actions, when they know the property was derived from illegal activity.
If you would like to schedule an initial consultation, contact a Colorado criminal defense attorney, we represent clients in Boulder, Colorado, and the surrounding area. The Savela Law Firm, P.C. Give us a call at (720) 821-1001 or complete our inquiry form.
Money laundering charges can be beaten. Prosecutors must prove that a person knowingly and intentionally committed the crime. For this reason, in addition to defending a case on the basis that the funds weren’t derived from unlawful activity, you can also defend a money laundering case on the basis that the defendant didn’t know the money was obtained from illegal activity.
Even if you are only under investigation for money laundering an experienced criminal defense lawyer can help you navigate the complicated process.
If you have been charged with money laundering a skilled Denver money laundering defense attorney is essential. Get in touch with experienced Boulder money laundering defense attorney Jason Savela by calling (720) 821-1001.