There’s one reason you’re on this website: you’re looking for an elite criminal defense law firm. At Federal Lawyers, we understand that facing money laundering charges in New York can be overwhelming, confusing, and downright scary. But here’s the thing – you don’t have to go through this alone. Our team of experienced New York money laundering lawyers is here to help you every step of the way.
What is Money Laundering?
Money laundering is the process of disguising the proceeds of criminal activity as legitimate funds. It’s a serious federal crime that can carry hefty penalties, including lengthy prison sentences and substantial fines.Under New York Penal Law § 470.05, you could be prosecuted for money laundering in the fourth degree if you:
- Know that a financial transaction represents the proceeds of criminal conduct and you:
- Conduct at least one financial transaction with intent to carry on the criminal conduct or with intent to violate federal tax law; or
- Conduct at least one financial transaction knowing that it was designed to hide the nature, location or control of the criminal conduct; or
- Conduct at least one financial transaction that is designed to avoid required transaction reporting and the amount of the transaction exceeds $10,000.
- Know that at least one money instrument represents the proceeds of criminal conduct and you transport the money instrument with intent to:
- Promote carrying on the criminal conduct; or
- Hide the nature, location or control of the criminal conduct; or
- Avoid transaction reporting and the amount of the money instrument or instruments exceeds $10,000.
