Money Laundering

July 19th, 2011 | Author: | Criminal Law

Facing a criminal charge can be one of the scariest times in your life, especially if it results in a conviction and fines or imprisonment. One possible action that could lead to a criminal charge is money laundering. This action is when someone uses money he or she acquired illegally and can be taken to state or federal courts.

There are many devastating repercussions for a money laundering conviction. It can damage your reputation, potentially get you fired from your job, and ruin many personal relationships you have with family and friends. You need a qualified criminal defense attorney to help you fight for your rights and represent your interests.

Money Laundering Details

The term money laundering applies to a wide range of actions. Some of the most common money laundering methods include:

  • Trade-base laundering
  • Structuring or “Smurfing”
  • Black salary
  • Bank Capture

The money laundering process typically follows these three steps:

  • One party takes money illegally and “places” it in a financial system like a bank
  • The party goes on to use the money through various transactions. This is referred to as “layering.”
  • The party benefits financially from the actions

Contact Us

A money laundering accusation can have a devastating effect on your personal and professional life, so it is important that you do everything you can to fight a money laundering charge. If you or a loved one is facing money laundering charges, you need an experienced attorney you can trust. Contact Austin criminal defense lawyer Ian Inglis today for more information and for the legal assistance that you need. Call us today at 512-472-1950.



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