When you think of serious crimes, you may think solely of those that impact others, like rape, murder, or assault. While these are undoubtedly heinous crimes, it’s important to understand that victimless crimes can be considered just as severe in the eyes of the law. One of the most serious crimes you can be accused of is money laundering. If you’re facing charges, the following blog explores this offense in further detail so you can better understand the penalties you’re up against. You’ll also learn how an Oklahoma City white-collar crime lawyer can help you determine the best defense for your circumstances.
What Is Money Laundering and What Are the Penalties?
Money laundering is an offense that occurs when someone disguises money so it cannot be associated with criminal activity. This is intended to make the money appear as if it’s generated from a legitimate source so it does not draw suspicion of the government. The idea of money “laundering” comes from the idea that the source of the money is “dirty” so it is “laundered” to appear clean. Often, the money associated with money laundering is generated from human trafficking, drug trafficking, terrorist organizations, or gang activity.
It’s important to understand that the penalties associated with money laundering are severe as you will face two separate charges. The first is for the criminal activity generating the money and the second is for laundering.
Because money laundering is a serious offense, it is considered a federal offense. If convicted of this offense, you can expect to spend up to twenty years in a federal prison. You will also face penalties at the state level, as Oklahoma considers this a felony offense if the amount laundered is over $2,500. You will also face a penalty of three times the value of the funds involved in the illegal transactions.
What Defenses May Be Applicable?
If you are facing money laundering charges, understanding the potential defenses that may apply to your situation is critical. The most important thing to keep in mind during these matters is the importance of connecting with an experienced attorney, as they can provide insight on how to proceed for the best possible outcome.
One potential defense is that the money you obtained was not illegally sourced. If you can prove you obtained the funds legally and through a legitimate source, it can serve as a valuable defense.
Another important aspect to consider is intent. In order to be charged with a crime, the prosecution must show you intended to launder the funds. If you can show you lacked the intent to do so, because you didn’t know the money was illegally laundered or that you were accidentally concealing it, you may be able to avoid a conviction.
Facing federal crimes is not something that should be taken lightly, so it is imperative to connect with an experienced criminal defense attorney as soon as possible. At the Jones Firm, PLLC, we understand the impact criminal charges can have on your life, which is why our firm will do everything in our power to assist you through these difficult times. Connect with us today to learn how we can fight for you in these matters.
