Money Laundering Cases

 What Is Money Laundering?

Money Laundering Statute 18 USC 1956

The provisions of 18 USC 1956 indicate different act of money laundering that are punishable by law. The following acts of money laundering are outlawed:

  • Promotion of an act constituting money laundering and related activities
  • Concealing or disguising the nature of an unlawful transaction to make it appear as legitimate, but in fact came from unlawful resources
  • Intent to engage in certain conduct that has the purpose of evading tax liabilities under the Internal Revenue Code
  • Laundering the proceeds arising from predicate offenses.

Money Laundering Charges

Money laundering under 18 USC 1956 may be committed offshore and domestically. Different agencies are involved in the investigation that may include the following:

  • The Federal Bureau of Investigation (FBI) is involved in investigating money laundering, especially when financing terrorists are involved. Because the criminal offense involves a large scale financial crime, other agencies are also involved in the investigation of money laundering and the FBI may find the need to coordinate with the other state agencies that are involved in investigating the crime within their jurisdiction.
  • The US Immigration and Customs Enforcement agency also has the initiative to take action in the investigation of money laundering. They can coordinate with large financial institutions and trade communities to monitor any suspicious activities.
  • The Financial Action Task Force is an intergovernmental body that was created in order to develop and improve the policies regarding money laundering and terrorist financing.
  • The IRS may also investigate money laundering in connection with tax fraud and tax evasion crimes.

Money Laundering Penalties

Any violation of the provisions provided by 18 USC 1956 shall suffer the following penalties:

  • Imprisonment of not more than 20 years.
  • Life sentence for racketeering activities
  • A civil penalty of not more than $10,000 or in the amount not more than the value of the property, monetary instrument or funds involved in the commission of the crime.

Long-term prison sentence can sometimes be avoided in white collar crimes, such as a money-laundering pursuant to 18 USC 1956. Wall Street Prison Consultants specializes in helping federal and state offenders to obtain sentence reductions through programs that can help provide alternative solutions to long term incarceration. Our consultation services employ investigative and research processes to assist inmates and their lawyers in finding the best solution and alternatives available to reduce prison terms of an inmate. Discuss possible solutions to your issues today. Contact Wall Street Prison Consultants at 855-577-4766. We’re here to help!

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