If you are facing charges for money laundering, understanding the severity of these crimes is critical. Unfortunately, many believe that because this is considered a “victimless” crime, the penalties they can face will not be harsh, which is far from the truth. If you’re facing accusations, this blog explores what you should know about these crimes, the consequences you can face if convicted, and the importance of connecting with a Cobb County criminal defense lawyer to explore your legal options and potential defenses.
What Is Money Laundering?
When someone obtains money through criminal means and disguises the funds so they appear legitimate, they are committing money laundering. The phrase comes from the idea that money obtained through criminal measures is “dirty” and must be “laundered” or cleaned to avoid detection by the authorities as the funds appear to come from a legitimate source. It’s not uncommon for criminals to open businesses or LLCs as a means of making it seem as though the business is generating the funds as opposed to the criminal activity they are involved in.
Generally, money laundering is used to cover up the income associated with gang activity, terrorist organizations, drug trafficking, or other forms of organized crime.
What Are the Penalties?
The penalties for money laundering can be incredibly severe as these are felony offenses. Depending on the circumstances and the exact statutes violated as a result of your laundering, you can face either a maximum of 10 or 20 years in prison. You can also face hefty penalties and restitution to any victims impacted by this offense.
It’s also important to understand that you can face additional charges for the underlying criminal activities for which you laundered the money. For example, if you use money laundering as a means to cover up your drug trafficking ring, you will also incur penalties for these crimes.
You should also note that in many instances, money laundering is also a federal offense. As such, you may face racketeering charges in addition to the felony offense of laundering in Georgia and the underlying crimes.
Are There Any Defenses I Can Use?
One of the most common defenses to money laundering charges is to prove that the funds were obtained legally. If you can show the prosecution that the source of the funds is legitimate and that all transactions of the funds were legal, it can help prove your innocence.
Another common defense is that you did not know the money was obtained illegally. For example, if you are employed at a money laundering front without realizing that it is not a legitimate business, you may have no inclination that the funds you’re handing were obtained through illegal means. As such, if you can prove that you did not know and therefore had no intent to launder funds, it can help your case.
When you’re facing criminal charges, it is imperative to work with an experienced attorney to help you navigate the complicated charges against you. That’s why it’s in your best interest to connect with an experienced attorney from Miller Law Practice, LLC. Our dedicated criminal defense attorneys understand the severity of these charges, which is why we will do everything possible to help you navigate these overwhelming matters. When you need help, contact us today.