Money laundering is a serious crime that is often prosecuted aggressively at the federal level. These money-related crimes can have serious consequences that will affect the rest of your life. If you are facing charges related to money laundering in the state of Minnesota, you need a qualified attorney on your side.
Understanding Money Laundering Charges
Put simply, money laundering is the criminal act of gaining money in a way that seems legal on the surface. Money laundering typically occurs when an individual or group gains money illegally and “washes” it through a system in order to make everything look legitimate.
There are many different circumstances that can lead to a money laundering charge. Some of the most common types of money laundering involve:
- Dealing drugs;
- Failing to report transactions that are over $10,000 in value;
- Modifying transactions in order to hide their actual value;
- Smuggling contraband; and
- Acts of bribery.
Since money laundering is a felony, the punishments are very stringent. A money laundering conviction can result in up to 20 years in prison, and fines of tens of thousands of dollars. Additionally, you may have to pay restitution and other penalties depending on the circumstances of the crime.
The exact penalty you will face typically depends on the total value of funds laundered. Whether or not you face the maximum sentence, you will most likely be responsible for paying back all of the laundered money. This may involve the forfeiture of all your assets, which can lead to complete financial ruin.
Money Laundering Defense Lawyer
A money laundering conviction isn’t something you can afford. As soon as you are aware of money laundering charges against you, it’s important to contact an experienced defense lawyer. Your lawyer will immediately start building a case in order to counter the aggressive prosecution against you.
With the right lawyer on your side, you can often have your charges reduced or even dropped. No matter the circumstances, you need a defense attorney to help you get the best possible outcome. If you don’t get a money laundering defense lawyer, then you will likely be subject to serious consequences. Additionally, a felony money laundering conviction can result in financial ruin, and prevent you from finding gainful employment. Rather than risk your future, you need a lawyer who will fight for you.
Always A Free Consultation
If you are charged with money laundering, you need the right attorney to defend and protect you. The attorneys at the Brown Law Offices, P.A. have the experience and knowledge to help you get the best result possible. Don’t let a money laundering conviction affect your future. Call us today at 763-323-6555, or complete our online form for a free consultation.