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Money Laundering Charges in Ohio

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Money laundering is simply taking criminal proceeds and moving them in an unlawful or prohibited manner. More specifically, a person or someone acting on their behalf will generate proceeds in the form of money or property as a result of committing a crime.

The individual will proceed to move that money, typically with the intent to disguise the nature, location, source, ownership, or control of the funds. This movement is called "concealment of money laundering." Illegally moving money can be as simple as handing money from one person to another.

If you are being accused of money laundering, you should engage Cleveland Criminal Defense Attorney, Ian N. Friedman for your defense. Our team has years of experience defending all types of white collar crimes and has built a reputation of excellence and diligence as a result of our repeated success over our years in practice.

Laundering of Monetary Instruments

Money laundering can be found under 18 U.S. code § 1956 – Laundering of monetary instruments. Under this section, whoever, knowing that property in a financial transaction represents proceeds from criminal activity attempts to, or conducts a financial transaction involving proceeds from criminal activity, shall be face the following penalties:

  • A fine not to exceed $500,000 or twice the value of the property involved in the transaction, whichever is greater, or
  • Up to 20 years in prison, or both.

While money laundering is described above, other financial transactions where criminals attempt to disguise the proceeds, sources or nature of illicit activities are also categorized as money laundering and involve serious penalties.

Let Us Even the Playing Field in Your Federal Case.

The United States Department of Treasury is dedicated to identifying and attacking money laundering networks across the domestic and international financial systems. If a government agency has zeroed in on you in a money laundering investigation, you need a formidable defense attorney fighting in your corner.

We are skilled federal criminal defense lawyers who know how to combat money laundering charges, and we have experts at our disposal that can help us investigate the facts of your case. When you are up against the federal government, you cannot afford to forgo a strong defense. We are on your side and we have the resources you need to fight even the most dire white collar crime charges.

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Why settle for second best? Contact our office to schedule a free case evaluation with one of Ohio's top-rated criminal defense firms!

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