The crimes of money laundering and structuring can involve 1) illegal financial transactions, or 2) the use of money gained through illegal financial transactions.
At Rothman & Associates in Miami, we defend people charged with money laundering, structuring and other financial crimes. Contact us online today to speak to a lawyer about your legal options.
Understanding Your Charges
Individuals and small businesses are not always aware that anti-money laundering statutes apply to them. For example, small businesses are required to file reports when they receive in excess of $10,000. When they don't — with or without knowing the requirements — they violate the law.
These crimes are easily detectible due to the full paper trail associated with a money transfer. Similarly, the defense of such crimes involves detailed analysis of financial records. Our firm's attorneys are experienced in the defense of such crimes, and can help you or your business understand your charges and take appropriate legal action.
Recent Developments Affecting Those Charged with Money Laundering
In recent years, the crime of money laundering has often been associated with potential terrorist activity. Accordingly, the U.S. government has focused more attention on money laundering and similar crimes. An individual who suspects he or she is under investigation for such crimes should seek legal representation as soon as possible. Money laundering penalties can be severe.
Money Laundering vs. Structuring
Money laundering, unlike structuring, is possessing or moving money derived from, or used for, criminal activity. . Structuring is controlling the amount of money received or deposited in such a way as to avoid state and federal financial transaction reporting requirements.
Find out more about:
If you are facing charges of money laundering or structuring, contact our law firm today to explore your legal options.
