Both state and federal law enforcement agencies commit extensive resources to uncovering money that has been obtained through criminal activity in an attempt to prevent funding for terrorist groups. As investigations into schemes to conceal such funds increase and intensify, so do the number of individuals facing charges for not only the underlying crime, but also the offense of money laundering. Money laundering occurs when one or more individuals attempt to disguise the proceeds of criminal activity, using a variety of methods and channels. The penalties for money laundering can sometimes be more severe than for the underlying offense.
If you are facing allegations of money laundering you must seek assistance from a criminal defense attorney with experience handling white collar defense in Baltimore. These cases can be complex and there is a lot at stake. Contact The Casper Firm for help as soon as possible.
Defending Against Money Laundering Charges
Most convictions of money laundering require a prosecutor to prove that:
- The defendant conducted or attempted to conduct some type of financial transaction
- The defendant knew the money involved came from any type of felony offense under Maryland, federal, or even foreign laws
- The defendant had one of the following intentions: to disguise the nature of the funds, to promote further unlawful acts, to evade taxes or defraud the IRS, or to avoid the transaction from being reported to the government
Many different financial transactions can be at the center of money laundering allegations. Some red flags that investigators look for include numerous frequent transactions to a bank that are small enough to avoid reporting requirements, the startup of sham businesses, use of offshore accounts, and much more. However, too often completely innocent transactions can appear alarming to investigators, and individuals or business owners may find themselves wrongfully accused of money laundering.
Money Laundering Can Have Serious Consequences
If you are convicted of money laundering, you may face severe penalties. Some of the consequences may include:
The severity of the consequences will depend on the specific circumstances of each allegation, including the extensiveness of the money laundering operation and the intent behind the money laundering. Because of the possibility of facing such severe consequences, having a high quality and effective defense is imperative in any money laundering case.
Let The Casper Firm Help You
Law enforcement and prosecutors at both the state and federal level take money laundering and all white collars offenses very seriously. Additionally, money laundering accusations often accompany other criminal charges for underlying offenses, so these cases can be complicated. Baltimore criminal defense attorneys at The Casper Firm understand the complexities of money laundering laws and how to defend against these very serious charges. Call the office of The Casper Firm today at 410-989-5097 so we can begin building a successful defense in your money laundering case.