I am being charged for participating in a money laundering fraud scheme, what are money laundering laws and penalties?

Money Laundering is taken very seriously as a Federal  and State Crime. Not only are the money laundering suspects held accountable, but if any inside connections such as employees at Financial Institutions had the remote idea the money was being laundered and failed to report it and even assisted with the transactions, they can be held in just as much trouble.

If you honestly did not know and didn’t willfully help launder the money, the charge can be dropped if proven so in court. However, it is absolutely imperative you hire a skilled criminal defense attorney to help you defend your case. Having no prior record, little evidence, and no direct connection to the laundering suspect would be very helpful and put you in a strong position.

If you are convicted, unfortunately you are looking at a Felony charge, a minimum of a $15,000 fine, and and/or three years of jail time. It is all relative to your individual states laws surrounding this matter and the extent of the amount of money that was laundered. Consult with a Criminal Defense Lawyer immediately.