"Money laundering" is the process by which illegally obtained money is moved into legitimate banks and businesses so that this once "dirty" money appears clean. The laws that restrict this kind of activity are federal, and since they regulate money that has crossed state lines, the charges are federal as well. If you are under investigation or have been charged with money laundering, you need to contact our attorneys immediately.
At Taylor Ryan, we have brought more than 500 cases to trial over more than 25 years as a law firm. We are committed to providing exceptional service and sound legal judgment to our clients. Contact our Tulsa money laundering defense lawyers online or call 866-761-7693 toll free to discuss your case.
The Crime of and Punishment for Money Laundering
The federal offense of money laundering requires that a person who knowingly conducts a financial transaction does so with proceeds from an illegal activity in order to:
-Continue the illegal activity
-Hide the illegal proceeds from the IRS
-Conceal or disguise the nature, the location, the source, the ownership or the control of the proceeds of specified unlawful activity
-Avoid a transaction reporting requirement under state or federal law
Money laundering is usually charged as a federal offense because the money often crosses state lines. Conviction for money laundering may result in up to 20 years in federal prison and a fine of up to $500,000, or twice the value of the property involved in the transaction, whichever is greater.
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