Beverly Hills Money Laundering Defense Lawyer

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Money laundering is considered a serious white collar crime in a state and federal level, associated with harsh penalties. Not only can conviction result in lengthy prison sentences and expensive fines, but also permanent damage to your reputation.

If you are currently under investigation for money laundering in California, it is imperative to retain legal counsel from an experienced and skilled criminal defense attorney. Whether it is getting the charges reduced or the case dismissed altogether, I have helped countless of clients obtain the most favorable outcome possible for over 40 years.

Money Laundering Penalties

In California, money laundering is defined as the transfer of money obtained from unlawful activity to legitimate outlets, such as banks and businesses, to prevent anyone from tracing the money’s original source. To be convicted of money laundering, the prosecution must prove that there was an intent to launder money; there was the knowledge that the money derived from an unlawful source, the money involved a financial institution, law enforcement conduct was fair, and/or you knowingly and financially benefited from the transaction.

The punishment for money laundering depends on the number of separate offenses, the value of the transactions, and the offender’s previous conviction record. An individual who conducts or attempts to conduct a transaction or more than one transaction within a seven-day period involving a total value exceeding $5,000, or total value exceeding $24,000 within a 30-day period, through one or more financial institutions can face a year in county jail, a fine of up to $250,000, or twice the value of the property transacted, whichever is greater, or both imprisonment and fine.

Additional prison terms are subject to those who are found guilty for the following:

  • If the value of the transaction or transactions exceeds 50,000 but less than $150,000 – An additional imprisonment term of one year.
  • If the value of the transaction or transactions exceeds $150,000 but less than $1,000,000 – An additional imprisonment term of two years.
  • If the value of the transaction or transactions exceeds $1,000,000 but less than $2,500,000 – An additional imprisonment term of three years.
  • If the value of the transaction or transactions exceeds $2,500,000 – An additional imprisonment term of four years.

Remember, California state laws identify each transaction as a “separate offense.” This means that the state prosecutor can charge each offense separately, associated with separate sentences for each.

Get Help from a Skilled & Reliable Beverly Hills Criminal Defense Lawyer Today

With the charges this serious, having an experienced and qualified attorney on your side is necessary to get the results you want. I know what it takes to protect your rights, reputation, and freedom from beginning to end.

Contact my firm and request an initial consultation today.