Florida Money Laundering Lawyer
Money laundering is not a crime that is often heard about in the news, but that does not mean it does not happen. Many people think they know what the criminal offense of money laundering entails, largely due to the fact that this is often the subject of movies and television shows. Many of those same people then, are surprised to learn they have been charged with the crime, or are under investigation for it, and they do not understand why. Our Florida money laundering lawyer explains the elements of this crime, and how we can help with your charges.
Money Laundering Defined
In its simplest form, money laundering involves moving money from one place to another in an attempt to make it appear legitimate. People engage in money laundering schemes to conceal money that was obtained through unlawful activity, such as gang activity, and to make it seem as though the funds were gained through honest and legitimate means.
Shell companies are very common in money laundering schemes. This scheme involves setting up a business that seems legitimate and that can take part in certain transactions. The shell company then deposits money that was obtained using illegal means, and they may even create false invoices and receipts to show that the money was obtained through legal means. Some shell companies still operate as legitimate businesses, although they are often only used for the unlawful scheme.
Laws Governing Money Laundering in Florida
There are two main laws that govern money laundering in Florida. The first is the federal piece of legislation known as the Money Laundering Control Act of 1986. Due to the fact that this is a federal law, it applies to everyone in the United States and it deals with the profit derived from certain unlawful acts, which can include human trafficking, RICO offenses, and some types of fraud.
The Florida Money Laundering Act largely mirrors the federal legislation. In either case, the prosecution has the burden of proof to show that the accused knew the funds came from an illegal activity. If a person only transfers these proceeds, but does not know the nature of the activity from which it was obtained, they cannot be charged with money laundering.
Penalties Associated with Money Laundering
The penalties a person will face for money laundering largely depend on whether they are charged with a state or federal crime, the nature of the illegal activity, and the amount of money involved. However, those convicted may face up to 20 years in prison, and a $500,000 fine, or a fine that is twice the property or funds involved, whichever is greater.
Facing Charges? Our Money Laundering Lawyer in Florida Can Help
If you have been charged with money laundering, you need sound legal representation now. At O’Mara Law Group, our Florida money laundering lawyer knows the defenses to these crimes and will utilize them to give you the best chance of a successful outcome. Call us today at 407-634-6604 or contact us online to schedule a consultation.