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Orlando Criminal Attorney > Daytona Beach Money Laundering Lawyer

Daytona Beach Money Laundering Lawyer

Money laundering is a type of fraud that is prohibited by federal and state law, but the offense encompasses unique factors that can make it difficult to understand the charges. Under US statutes and the Florida Money Laundering Act, certain transactions can lead to an arrest if you engage in them knowing that the proceeds are connected to unlawful activity. As such, the focus in money laundering cases is the act itself, whereas intent is a key element in other fraud cases. The prosecutor bears the burden of proving guilt beyond a reasonable doubt, which can be challenging with complex financial structures.

Still, the penalties are extremely harsh if the prosecution does meet this burden, so retaining representation to fight money laundering charges is critical. You may have defenses or other strategies for obtaining a favorable outcome, and the O’Mara Law Group has the knowledge and experience to pursue all options. Please contact our firm to set up a consultation with one of our Daytona Beach money laundering lawyers, and check out some helpful information about these cases.

Summary of Money Laundering Laws and Penalties

US and Florida statutes are distinct, but they generally cover the same misconduct. Money laundering schemes follow a specific pattern, and the government must prove each element beyond a reasonable doubt.

  1. The alleged offender takes possession of funds derived from criminal activity, such as trading in drugs, firearms, prostitution, and others.
  2. Through a series of complicated transactions incorporating multiple financial institutions, the suspect conceals the illicit nature of the money.
  3. Once the true nature of the funds has been scrubbed, the money launderer regains possession.

In addition, certain foreign transactions may violate federal money laundering laws when the actor employs a scheme to avoid reporting rules. The penalties for a federal conviction include incarceration for up to 20 years and a fine, but Florida penalizes offenders according to the amount of money laundered:

  1. $300 to $20,000 = Third Degree Felony, punishable by 5 years in prison and a $5,000 fine.
  2. $20,000 to $100,000 = Second Degree Felony, for which the maximum sentence is 15 years’ incarceration and a $15,000 fine.
  3. In excess of $100,000 = First Degree Felony, which could mean up to 30 years’ imprisonment.

Stages of a Money Laundering Case

Because the penalties are so harsh, tactics for defending the charges are critical. Fortunately, there are multiple opportunities to fight the allegations, and the O’Mara Law Group will explore all options to gain an advantage. Our Daytona Beach money laundering lawyers will support your interests during the stages of a criminal case, including:

  • Pre-arrest investigations;
  • Arraignment and bond;
  • Discovery and depositions;
  • Plea bargaining;
  • Motions and pretrial proceedings; and
  • Trial.

Entrust Your Defense to Our Daytona Beach Money Laundering Attorneys

For more information on defense options and strategies for fighting the charges, please contact the O’Mara Law Group right away. You can call 407-634-6604 or visit us online to schedule a consultation with a Florida criminal defense lawyer about money laundering cases.

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