24/7 call for a free consultation 212-300-5196




When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.

Federal Money Laundering Attorneys

You may have heard the term “money laundering: before. It is common terminology used in TV crime dramas in relation to drug conspiracies or major drug traffickers. However, the federal offense of money laundering refers to any sort of financial maneuvering that attempts to hide the source of illicitly obtained money.

AS defined by the FBI, “money laundering is the process by which criminals conceal or disguise their proceeds and make them appear to have come from legitimate sources.”  Whether you or a loved one finds themselves under investigation for participating in a money laundering scheme, or you or a loved one has already been arrested on these charges, you need to get in touch with an experienced federal crimes attorney as soon as possible.

What is Money Laundering?

The media attention that this crime has attracted has most people believing that money laundering is a way for drug dealers to conceal the source of their illicit activities. This is a fact, and it is generally accomplished via a “front business.” For example, a drug dealer may own a restaurant and, to conceal the source of the cash made from drug dealing, the restaurant owner adds extra profits on the business’s accounts. In other words, the restaurant may have brought in only $1,000 in a week through normal activities, but the money launderer writes that the restaurant made $4,000 on paper. Thus, the extra $3,000 earned from drug dealing has been “cleaned up” and it appears to be a legitimate income.

It is critical to remember that money laundering is not a tool for drug dealers, traffickers, and drug conspiracies alone. Some other offences that require money laundering often include:

On top of that, criminals employ more than just small businesses to launder money. Other vehicles through which criminals launder their funds include:

  • Third party service providers
  • Virtual currency
  • Financial institutions
  • International trade
  • Real estate
  • Money Laundering as a Federal Crime
  • Precious metals

Both states and the federal government law enforcement target money laundering operations. Even though state governments do aggressively investigate and prosecute individuals who are suspected of money laundering, the federal government will get involved when the alleged offenses cross state or international lines, or when large-scale criminal dealings are taking place. The federal penal statutes that cover money laundering include:

  1. Title 18, United States Code, Section 1956
  2. Title 18, United States Code, Section 1957

Pursuant to these laws, a federal court can find a defendant guilty of money laundering if any of the following are true:

Christine Twomey
Christine Twomey
Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.
Brendan huisman
Brendan huisman
Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!
Guerline Menard
Guerline Menard
Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️
Keisha Parris
Keisha Parris
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
Taïko Beauty
Taïko Beauty
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!
Anthony Williams
Anthony Williams
Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.
Loveth Okpedo
Loveth Okpedo
Very professional, very transparent, over all a great experience
Bee L
Bee L
Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.
divesh patel
divesh patel
I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.
  • The defendant knowingly represented the proceeds from any unlawful act as lawful and attempted to carry out any financial transaction with said proceeds, with the intention of promoting such unlawful activity, concealing the nature of the proceeds, or avoiding reporting requirements.
  • The defendant transported, transmitted, or transferred any monetary instruments or funds throughout the United States to promote unlawful activity, hide the nature of criminal proceeds or evade financial reporting requirements.
  • The defendant made false representations about criminal proceeds for the purpose of affecting any of the outcomes above, including hiding the nature of criminal proceeds, avoiding reporting requirements, or promoting unlawful activities.

The federal consequences for a money laundering charge often rely upon the specifics of the crime. Nevertheless, convicted offenders may be facing large fines and a potential jail term. Fines can go up to $500,000 or decided on the basis of the value of the property involved in the scheme. Incarceration for money laundering can go up to 20 years.

Potential Defenses for a Money Laundering Charge

As is clear in the section above, there are a number of elements that the federal prosecution must demonstrate in order to convict the defendant. Moreover, since money laundering is known as a specific intent crime, your federal crimes defense lawyer can utilize a range of specific intent defenses, such as:

  • There was an absence of intent to carry out a criminal act — You were not aware that the money obtained was illegal and there was no intent to commit money laundering.
  • You were under duress — You were truly of the belief that you were in peril of immediate danger or harm if you didn’t cooperate in the crime.
  • There is insufficient evidence — For money laundering charges, the prosecution has to trace the illicitly obtained funds to their origins. The prosecution needs to also demonstrate that an illegal activity occurred. If these two details are missing, then the defense can claim that the evidence is insufficient.

Money Laundering Laws, Charges, Statute of Limitations

Converting money that is acquired from illicit activities to appear lawful is called money laundering. The act of money laundering is illegally concealing the origins of money. Often, organized crime and drug traffickers engage in the act of money laundering.

For example, an illegal drug organization may use a lawful business to create a paper trail to disguise illegal money. Federal crimes such as racketeering, and conspiracy are associated with money laundering.

What Are The Money Laundering Laws?

Money laundering happens across the globe. It can be complex and intricate. There are money laundering laws governed by both the state and the federal government. Large-scale criminal activities are typically handled by federal money laundering laws and policies.

The reason the federal government governs large-scale money laundering conspiracies because they are usually attached to other offenses such as human trafficking, drug trafficking, and counterfeiting.

Typically, money laundering is charged in tandem with other financial crimes. if someone or an organization is convicted of money laundering, they can also be charged with bank fraud, drug offenses, RICO, tax evasion, or securities fraud.

Other federal charges that are connected to money laundering are credit card fraud, ID theft, mortgage fraud, and transaction reports.

Crimes & Charges Associated with Money Laundering

The following unlawful activities are crimes considered money laundering:

• Representing unlawful proceeds ass lawful. Conducting financial transactions with the unlawful proceeds to conceal the original unlawful nature of the proceeds. Avoiding required reporting

• The transferring or transporting of any funds in the U.S. to promote and encourage unlawful activity. Concealing the origin of criminal funds

• False representation of criminal funds to hide the identity of the funds. Concealing the origin and nature of the funds. Avoiding the required reporting of the funds

Any individual engaging in money laundering is required to be punished by law. This punishable offense can include the transfer of property, financial transactions, or the unlawful use of any financial institution to transfer proceeds.

Legal Punishments Connected to Money Laundering

The specifics of the crime determine the penalties associated with money laundering charges. In general, jail time and fines are the possible penalties if convicted of money laundering.

The fines connected to money laundering are not small. Some fines can average up to $500,000. Penalty fines are determined by the value of the funds or property involved in the money laundering case.
Prison sentencing for the conviction of money laundering can range up to 20-years. Normally, there is a combination of jail time and fines connected to a money laundering charge.

Every count of money laundering holds separate penalties. If someone performs one money laundering act each month for 6-months, that person will be charged with 6-counts of money laundering by the federal government.

Being charged for each count of money laundering is the determining factor that can lead to life in prison.

Sentencing Guidelines for Money Laundering

The United States Code provides a clear guideline for the required money laundering sentencing. The amount of money laundered and the overall time of committing the act of money laundering is what determines the final sentencing.

An act of federal money laundering can have a sentence of up to 20-years in jail. Also, a fine of up to $500,000 per count. So, if a person is convicted of 4-counts of money laundering, and sentenced to 15-years per count they are looking at 60-years in prison. In addition to jail time, that person can face millions in restitution.

Sometimes, the fines required for money laundering convictions can be twice the value of illegal funds involved in the case.

Money Laundering Statutes of Limitations

There is a statute of limitations against money laundering charges. The 18 United States Code sets in place the limitations associated with the conviction of money laundering. According to federal law, money laundering has a 5-year statute of limitations.

It takes a lot of research and investigation to prove an act(s) of money laundering. In a money laundering case, all money or property have to be traced back to the source. A strong defense can be built by tracing funds and identifying bank accounts and involved institutions.

Schedule Your Consultation Now