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What is Considered Money Laundering in Texas?
If you have been charged with money laundering, it is very important that you understand the severity of this crime – including the misconception that it is mostly just associated with drug trafficking. Knowing what constitutes money laundering is the first step in challenging charges against you, and an experienced Midland, TX money laundering defense attorney understands what it takes to build a strong defense and will fight to protect your rights.
How Is Money Laundering Defined?
In general, money laundering involves hiding the origins of money that was illegally obtained, "cleaning it up," and making it appear to come from a legitimate source. Federal law defines three types of money laundering transactions:
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Undercover money laundering
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Domestic money laundering
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International money laundering
Criminal liability depends on whether you conducted or attempted to conduct one of these transactions, knowing that unlawful activity was involved. This is a very general overview of the law, and an experienced attorney can explore the concepts of liability and intent as they relate to your case.
What Are the Potential Consequences of a Money Laundering Conviction?
The punishment for a money laundering conviction is severe. Depending on the circumstances, you could face up to 20 years in prison and fines as steep as $250,000. Any money involved in the criminal act will also be subject to confiscation. Several factors will dictate how the court determines the sentence, including whether or not you were directly involved in money laundering.
What Should You Do if You Are Being Investigated for Federal Money Laundering?
If you are under investigation for money laundering, the most crucial thing you can do is seek legal counsel immediately and avoid speaking with officers without your attorney present. Your attorney will handle communication to ensure your rights are protected throughout the process. Other important steps include:
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Understanding the potential charges against you and the evidence the prosecution may use to fight for a conviction
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Working with your lawyer to gather evidence, such as financial records and witness testimonies, that could support your defense
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Preparing for a potentially lengthy and complicated legal process that will likely include court appearances, extensive investigations, and negotiations
The legal process can be overwhelming, and when the stakes are this high, you will need someone with experience to help you navigate it.
Schedule a Free Consultation With an Austin, TX Money Laundering Attorney
If you have questions about a money laundering charge, a Georgetown, TX money laundering defense lawyer at Morales Law Office, Attorneys at Law, PLLC. can offer experienced guidance and ensure you are fully aware of the charges and potential penalties you are facing. Taking swift action is the best way to get ahead of these allegations and build a strong defense. Call 512-474-2222 to speak with an experienced legal representative about your case and how you can fight the charges.
