Money Laundering Defense Lawyer

Defense Against Money Laundering Charges

Money laundering is the act of taking funds that were obtained illegally and making them appear to be legitimate. This usually includes changing the form of funds (i.e., from checks to cash), disguising the source of the funds, or moving the funds from one location to another. At Candice Fields Law, we have helped clients facing money laundering charges to navigate the complex legal system and obtain the best outcome possible. Contact an experienced money laundering defense lawyer today.

Here is how we approach money laundering defense cases:

Overview of Money Laundering Crimes

Money laundering is a federal crime. It is defined in two main statutes: 18 U.S.C. § 1956 and 18 U.S.C. § 1957. These statutes prohibit various activities related to money laundering, such as:

• Conducting financial transactions with proceeds from illegal activity
• Concealing or disguising the nature, source, ownership, or control of illegal proceeds
• Transporting, transmitting, or transferring funds derived from illegal activity
• Engaging in transactions with the intent to evade reporting requirements

Money laundering can be committed in a wide range of industries, including banking, real estate, healthcare and international trade. Some common forms of money laundering include structuring transactions to avoid reporting requirements, and laundering money using offshore accounts to hide funds, and creating shell companies to transfer money.

18 U.S.C. § 1956, 1957 – Money Laundering

18 U.S.C. § 1956 and 18 U.S.C. § 1957 are the two main statutes that govern federal law regarding money laundering in the United States. Section 1956 prohibits several types of money laundering, including:

• Knowing or intentional conduct to conceal the source, nature, or ownership of proceeds from illegal activity
• Conducting financial transactions with proceeds from illegal activity
• Conducting transactions designed to evade reporting requirements
• Transporting, transmitting, or transferring proceeds from illegal activity

Penalities for Violating Section 1956

The penalties for violating Section 1956 can be severe. A conviction can result in up to 20 years in prison, as well as fines of up to $500,000 or twice the value of the property involved in the offense, whichever is greater. If the offense involves international transactions, the penalty can be increased to 30 years in prison and a fine of up to $1 million or twice the value of the property involved in financial transaction.

Section 1957 prohibits a narrower range of money laundering activities, specifically, “knowingly engaging or attempting to engage in a monetary transaction in criminally derived property of a value greater than $10,000.” The penalties for violating Section 1957 can also be severe, including up to 10 years in federal prison, and fines of up to $250,000 or twice the value of the property involved in the offense.

Penalties for a Federal Money Laundering Conviction

Explore the stringent consequences of money laundering convictions, ranging from significant prison time to considerable financial penalties, illustrating the critical importance of a formidable defense strategy crafted by Candice Fields Law.

Imprisonment

Conviction may lead to substantial prison sentences, potentially spanning several years, depending on the gravity of the offense and the amount of money involved.

Restitution

Courts often order offenders to pay restitution, effectively returning the laundered money to the victims or the government, which can amount to substantial financial figures.

Fines

Individuals found guilty of money laundering may be subjected to hefty fines, sometimes reaching up to twice the amount of the criminally derived property involved in the transaction.

Asset Forfeiture

In many cases, the government can seize assets associated with the money laundering scheme, including real estate and vehicles, as a part of the criminal judgment.

Post-Conviction Supervision

Those convicted will be placed under probation or supervised release, during which they must comply with specific court-ordered rules and are regularly supervised to ensure compliance.

Criminal Record

A conviction results in a permanent criminal record, which can have long-lasting repercussions on one's personal and professional life, including difficulties in finding employment and housing.

International Repercussions

Convicted individuals will face international consequences, including travel restrictions and scrutiny by foreign financial institutions.

Candice Fields Law is proficient in navigating the complexities associated with these penalties, offering robust defense strategies to mitigate potential repercussions and safeguard your future.

What To Do If You Are Charged With Money Laundering Or Receive a Target Letter

Being charged with money laundering can be a daunting experience, throwing your life into a whirlwind of legal complexities and uncertainties. Similarly, receiving a target letter indicates that you are under federal investigation, which can lead to formal charges. During these critical moments, taking the proper steps can significantly influence the outcome of your case. Here is a guideline crafted by Candice Fields Law to steer you in the right direction:

1. Retain Experienced Legal Representation

The first and most crucial step is to retain a seasoned attorney with a proven track record in defending against money laundering charges. Candice Fields Law stands ready to offer legal guidance, drawing on vast experience to build a strong defense for you.

2. Do Not Communicate with Law Enforcement Without Your Attorney

If approached by law enforcement or federal agents, refrain from answering any questions without your attorney present. Anything you say can be used against you, so it is wise to wait until your attorney can guide the conversation.

3. Preserve All Relevant Documentation

Start gathering and preserving any documents that might be pertinent to your case. These could be financial statements, communications, or any other records that might help build a robust defense.

4. Remain Silent on Public Platforms

Avoid discussing your case publicly, including on social media platforms. Sharing details about your case publicly can potentially harm your defense.

5. Comply with All Legal Obligations

Follow any court orders or legal obligations promptly. Your attorney will guide you through these processes, ensuring you meet all requirements without jeopardizing your defense.

6. Psychological Preparedness

Prepare yourself mentally for the legal battle ahead. A positive mindset, coupled with the experience of Candice Fields Law, can significantly influence the trajectory of your case.
Remember, the support of a skilled legal team like Candice Fields Law can be your strongest asset during this period, offering guidance, representation, and fighting tirelessly to protect your rights and secure the best possible outcome for your case.

How Can Candice Fields Law Help?

At Candice Fields Law, we provide a staunch defense against serious money laundering charges, focusing on protecting your rights and offering legal guidance grounded in diligence and experience.

Protecting Professionals from Unwarranted Accusations

It's common for merchants, attorneys, real estate professionals, and financial service employees to find themselves ensnared in money laundering accusations. These individuals might be unfairly accused of facilitating or supporting money laundering schemes. We are determined to shield these professionals from unjust accusations, striving to uphold their integrity and professional standing.

Building a Robust Defense Strategy

Building a defense against money laundering charges requires meticulous preparation and a deep understanding of the financial and legal intricacies involved. At Candice Fields Law, we employ a multi-faceted approach that includes:

1. Comprehensive Investigation: Conducting thorough investigations to gather all pertinent evidence and facts.
2. Expert Consultation: Collaborating with financial experts to build a strong defense narrative.
3. Vigorous Advocacy: Representing you vigorously at every stage of the legal process, challenging the prosecution’s case at every turn.

Candice Fields Law: Your Ally in Troubled Times

Navigating through the storm of money laundering charges demands an ally well-versed with the complexities of federal laws governing these offenses. Candice Fields Law is your dependable ally, ready to stand with you, offering a robust defense rooted in legal acumen and determined advocacy.

Facing money laundering charges? Do not navigate this complex terrain alone. Reach out to Candice Fields Law, where we are committed to safeguarding your rights and mounting a vigorous defense on your behalf.