Aggressive Defense from San Diego Criminal Attorneys

Money laundering is a white collar crime that occurs when you take illicitly received money and attempt to conceal its origin and convert it to “legitimate” financial assets or money. In this arrangement, a person puts the money received from criminal activity through a complex transaction to give off the appearance it came from a perfectly legal operation. This can involve things like shell companies and buying real estate.

Additionally, you do not actually have to be the person who conducted the illegal operation to be charged with money laundering. If you are a financial institution who handles a significant amount of laundered money, you can potentially be held criminally liable.

Penalties for Money Laundering

In the state of California, money laundering carries significant penalties including prison time and fines. Depending on the circumstances of the case, money laundering can either be tried in state courts or federal courts. The circumstances can also determine whether the crime will be prosecuted as a felony or misdemeanor.

In order to be charged with money laundering, there must be evidence you:

  • Put the money through a financial institution
  • Make at least $5,000 in deposits within seven days or $25,000 in deposits within 30 days

If it is a misdemeanor, the prison sentence for money laundering is no greater than one year. However, a felony money laundering charge can carry a prison sentence up to three years. A federal money laundering charge can mean decades in prison.

Choose a Top San Diego Defense Law Firm for Your Case

Our San Diego criminal defense lawyers at The Law Offices of Top Criminal Defense Law Firms, APLC have more than 40 years of collective experience fighting criminal charges in California. We have extensive jury trial experience, and a track record of numerous favorable verdicts and outcomes. Additionally, all of our firm’s attorneys have earned the perfect 10.0 rating on Avvo. Our firm’s lead counsel was recognized as the San Diego Criminal Defense Bar Association’s 2012 Trial Attorney of the Year.

If you were arrested for money laundering in the San Diego area, don’t wait to retain the proven representation of The Law Offices of Top Criminal Defense Law Firms, APLC. Call today to request a free consultation with our experienced defense team!