A decade ago, New Jersey passed legislation that increased the potential punishments that can be administered to those found guilty of money laundering. New Jersey has one of the harshest stances regarding money laundering, and is far less lenient than other states in the US.
White collar crimes can include any kind of deceptive business practice, such as embezzlement, Ponzi schemes, bribery and much more. Money laundering is a commonly occurring white collar criminal charge that carries a high risk of severe penalties. According to New Jersey state law as well as federal law, money laundering is defined as “the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses.”
An Overview of White Collar Crimes
White collar crimes are non-violent crimes that typically occur within a business or other organization for a select few people to reap the benefits of unlawful financial gain. White collar crimes are taken seriously on a federal level, and in the state of New Jersey, money laundering is treated with far less leniency than any other state in the US. White collar crimes such as money laundering come with a high potential for severe penalties, and can ruin the reputation of businesses and individuals alike.
If you have been accused of money laundering, you and your business can face serious penalties. It is imperative that you consult with an attorney right away, as you will need a strong case for defense in order to push back against these charges.
What Penalties Might I Face if I am Convicted of Money Laundering?
The criminal penalties for money laundering vary on a case to case basis. Generally speaking, the judge will likely mandate that you release the laundered funds. This is the most basic element of the imminent penalties. If found guilty, you will likely have to pay substantial monetary fines and restitution, which can create severe financial hardship for years to come. Many individuals who are convicted of money laundering are subject to jail time and must commit a lengthy jail sentence as a consequence to the crime they have committed.
At The Bianchi Law Group, LLC, our strategy is to approach each white collar criminal case for elements that go beyond mere financial and regulatory crimes. This is particularly true when a senior level officer of a company is charged with a white collar crime due to the risk of both their lives and businesses being destroyed.
Can an Attorney Help if I am Facing Money Laundering Charges?
In order to build a strong and effective defense, it’s crucial that you work with an attorney that knows how prosecutors develop and communicate their cases. This will help you secure the best possible preparation for the legal proceedings you are about to face. At The Bianchi Law Group, LLC all of our attorneys are former prosecutors that have obtained a high level of distinction of being “certified” by the New Jersey Supreme Court.
To schedule a free, no-obligation consultation with our white collar crime attorneys regarding your money laundering accusations, call (862) 210-8570 as soon as possible.