Federal Money Laundering Defense Attorney New York City | Money Laundering Lawyer in NYC
FEDERAL MONEY LAUNDERING CRIMINAL LAWYERS IN NEW YORK CITY
New York City federal white collar criminal defense lawyers of Joseph Potashnik & Associates PLLC represent clients investigated or charged under federal criminal money laundering statutes in New York state courts and federal courts across the country.
The Federal money laundering statutes have been in place since 1986 when Congress passed the Money Laundering Control Act (18 U.S.C. §§ 1956 and 1957). All money laundering offenses involve disguising criminally obtained funds to pass them as legal. Under federal law, it is illegal to knowingly conduct or attempt to conduct a financial transaction which involves the proceeds of “specified unlawful activity” with the intent to promote the carrying on of “specified unlawful activity”.
Some prohibited intents for the purposes of money laundering liability include: tax evasion, concealing the nature, the location, the ownership, or the control of the illegally obtained funds, or avoiding a transaction reporting requirement under State or Federal law.
Even though money laundering cases are prosecuted simultaneously with:
- Mail and wire fraud statute
- Tax fraud statutes
- Federal drug statutes
- U.S. Customs violations
- Bribery
- Embezzlement
- Asset Forfeiture
With the recent passage of the Patriot Act and other laws that focus on money laundering, the government examines certain activities very closely and the number of federal money laundering prosecutions has risen tremendously.
Criminal penalties for money laundering violations are much more severe than penalties for many other offenses. If convicted for money laundering, the defendant may be sentenced to a fine of not more than $500,000 or twice the value of the property involved in the transaction, whichever is greater, or imprisonment for not more than twenty years, or both.
During investigating and prosecuting money laundering cases, the government commits significant financial and human resources. If you are accused of money laundering, you need a team of experience criminal defense lawyers who understand complicated money laundering statutes and are able to differentiate between lawful business activities and prohibited conduct. New York City based money laundering defense attorneys of Joseph Potashnik & Associates PLLC have the necessary experience and resources to undertake high quality defense of money laundering and other white collar criminal cases.Our New York City based money laundering defense attorneys represent individuals, businesses, and financial institutions in all actions brought under any money laundering statutes. We practice in all New York and New Jersey federal courts as well as in federal courts across the country. Many money laundering cases are not limited to the U.S borders and reach around the globe. Our lawyers have handled international criminal cases in many countries and territories and you can benefit from our vast experience.
When you need to discuss your case with a New York City money laundering defense attorney, call us to schedule a confidential consultation.
