Money laundering crimes typically involve taking tainted or "dirty" money -- i.e., money derived from unlawful activities -- and disguising it to pass it off as legitimate money in order to avoid detection, seizure, forfeiture, prosecution, and taxation. Money laundering often is charged as a separate crime arising in connection with the commission of other crimes. Examples of money laundering include;

• Concealing the true source of funds deposited in a bank account or invested in a business
• Failing to report cash transactions over $10,000
• Structuring money transactions to conceal their aggregate value over $10,000
• Failing to perform due diligence to determine the source of large amounts of cash

Money laundering is almost always prosecuted as a felony, and may result in prison time up to 20 years, and a fine up to $500,000, or twice what the value of the property involved, or whichever is greater.

If you are facing investigation, arrest, or criminal charges for money laundering, please contact Anchor Criminal Defense for a free consultation.