If you are facing white-collar crime charges, the outcome of your case could affect various facets of your life. For example, you could lose your job, your reputation and even your freedom. Allegations involving money laundering carry especially harsh penalties and it is important to note that every money laundering case is unique.
If money laundering allegations have arisen, review the individual details surrounding the charges you are facing, especially since certain aspects of a case can shape the end result.
Money laundering cases take different forms
On their site, the Federal Bureau of Investigation provides a number of examples of money laundering. According to the FBI, money laundering involves disguising proceeds from illegal activities in order to make it seem like the proceeds came from lawful sources. Sometimes, money laundering involves health care fraud, drug trafficking and complicated financial offenses.
From digital currency to real estate transactions, precious metals and third-party services, there are a number of ways in which people launder money.
18 U.S.C. 1956: Federal Money Laundering
The main statute governing federal money laundering is 18 U.S.C. 1956. In general, this statute requires that a person conduct a financial transaction, knowing that the proceeds from that transaction are from an unlawful activity, with (a) the intent to carry out an unlawful activity, or (b) knowing the transaction is designed to conceal or disguise the illegal nature of the activity, or (c) conducts the transaction to avoid the reporting requirements under the State or Federal law. If you have questions about whether or not you have engaged in conduct that violates this statute, you should contact an experienced federal attorney right away.
How authorities investigate money laundering cases
The FBI reports that authorities at multiple levels work together to investigate money laundering cases. For example, the federal government works with law enforcement at the state and local levels to identify money laundering activity. Moreover, the U.S. also cooperates with overseas agencies to investigate money laundering internationally.
Sometimes, people face money laundering charges over false allegations or certain aspects of their case become misconstrued. Make sure you know what is at stake and do what you can to safeguard your future if you are facing these allegations.