Money Laundering

Money Laundering

Money laundering officially became a crime in the United States only about two decades ago. In the initial period after the law’s 1986 passage, only a few dozen convictions were handed down each year. Today, such cases have become much more prevalent, and require experienced and skilled legal defense.

Essentially, money laundering involves transporting undeclared funds or conducting any financial transaction with proceeds gained or likely to have been gained from illegal activities. Along with harsh prison sentences of up to 20 years, money laundering charges can also carry up to $500,000.00 in fines. Money laundering crimes may involve attempts to hide the profits from the illegal activity of drug traffickers, organized crime, arms smugglers, gambling, terrorist organizations, and others, by these and other means.

Money Laundering Charges Include

  • Use of offshore financial centers to conceal financial information
  • Purchasing cashier's checks or money orders to 'clean money' from illegal activity
  • Engaging in monetary transactions with proceeds of illegal activities
  • Structuring financial transactions with proceeds of illegal activities
  • The physical transfer of funds from the United States without declaring them
  • Use of 'shell' corporations to disguise the ownership and source of funds

If you have been charged with a money laundering crime in the United States, our attorneys can provide the highly skilled representation you need to defend yourself against the money laundering charge itself and the likely forfeiture proceedings that will soon follow.


Interested in a free case evaluation?
Contact the Law Offices of Victor Sherman today.