Money Laundering

Money Laundering


Boston Money Laundering Attorney

Money laundering, considered a white-collar crime, is often associated with drug trafficking, gambling, tax evasion, organized crime, or terrorism financing allegations. Money laundering indictments can be issued alone or in conjunction with other criminal charges. Depending on the nature of the allegations, you could face state or federal charges for money laundering in Massachusetts.

Money laundering investigations can begin a number of different ways, including a tip from an informant or suspicious financial transactions. Federal agents’ or state investigators’ attention may be drawn to allegations of failing to file cash transaction reports, making multiple cash deposits slightly below the $10,000.00 reporting threshold, and underreporting income on tax returns.

Potential Penalties

A conviction under Massachusetts state law can result in up to six years in state prison for a first offense. Second offenses call for a mandatory minimum two year sentence up to an eight year maximum. In addition, you can expect huge fines imposed for a money laundering conviction.

You can expect significantly harsher penalties if convicted of money laundering under federal law: up to 20 years in prison for each count, plus a fine of up to $500,000.00 (half a million dollars) or twice the amount of money laundered. A conviction will also result in the forfeiture of your assets.

Defending Your Rights

Given the very serious potential consequences of money laundering charges, you need the expertise of a Boston Massachusetts Money Laundering Criminal Defense Attorney to defend your case. We will thoroughly investigate, obtain the prosecution’s evidence, identify weaknesses, and develop a strategy to attack the charges.

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