Money Laundering
Money Laundering Crime Defense Attorney Serving all South Florida
If you were arrested for Money Laundering in South Florida, you are facing serious charges. Any arrest can be overwhelming; this is especially true for white-collar crimes. The possible consequences of an arrest (especially a conviction) for a white-collar crime are serious.
Whether you’re under investigation, or if you’ve already been arrested, we’re here to help.
The criminal defense attorneys at The Law Offices of Glenn R. Roderman are skilled in providing an aggressive defense against Money Laundering and other white-collar crimes in South Florida.
We’ve helped many others where you are right now. It’s vital that you find a trusted criminal defense attorney immediately when you’re facing Money Laundering charges to ensure your rights are protected.
What is a Money Laundering Crime in South Florida?
Money Laundering is considered a white-collar crime in South Florida. Money Laundering is a process in which a person conceals the existence, illegal source, or illegal application of income and then disguises that income to appear legitimate, according to the Florida Bar.
The process of money laundering in Florida is often diverse and complex, but usually, it involves 3 steps:
- Placement
- Layering
- Integration
Placement is the physical placement of bulk cash proceeds from criminal activity. Layering includes separating the proceeds from the criminal activity origins through layers of complex financial transactions. Integration then creates a legitimate explanation for the illicit proceeds.
Money Laundering is most commonly committed in the scope of the illegal drug trade in Florida.
Florida statutes (896.101 Florida Money Laundering Act) hold that it is unlawful for a person to:
- Knowingly conduct, or attempt to conduct, a financial transaction with proceeds from an unlawful activity with the intent to promote or continue the criminal activity OR to avoid reporting the income as required by law.
- To transport, or attempt to transport, money with the intent to promote or continue an unlawful activity OR knowing that the money is from criminal activity and knowing that the transportation of the money is designed to conceal the source of the money OR to avoid reporting the income as required by law.
The Florida money laundering statute includes a transaction prong and a transportation prong. Typically, each prong includes multiple felony violations ranging from third- to first-degree felony charges.
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Examples of Money Laundering Charges in South Florida
Attorney Glenn Roderman and his team represent clients facing many of the money laundering charges in South Florida.
Most commonly, people expose themselves to criminal liability regarding money laundering when they transport and deliver illegal drug proceeds (usually cash) to various businesses and banks.
Consequences and Penalties for Money Laundering Crimes in Florida
Florida has very serious penalties for anyone convicted of money laundering crimes.
The consequences of money laundering vary depending on how much money was laundered and the time in which the money laundering took place.
Possible Consequences for Money Laundering in South Florida
- Money Laundering is a first-degree felony in Florida if the money laundered was $100,000 or more and the financial transactions occurred within 12 months.
- Money Laundering is a second-degree felony in Florida if the money laundered was between $20,000 and $100,000, and the financial transactions occurred within 12 months.
- Money Laundering is a third-degree felony in Florida if the money laundered was between $300 and $20,000, and the financial transactions occurred within 12 months.
In addition to Florida state penalties for first-, second-, and third-degree felonies, someone found guilty of money laundering may also be subject to significant fines.
A person may have to pay up to $250,000 in fines or twice the value of the financial transactions for a first offense. For a second offense of money laundering, the fine can be up to $500,000 OR up to 5x (five times) the value of the financial transactions made.
There are also civil penalties involving fines of up to $25,000 or up to the value of the financial transactions.
As you can see, the consequences of a guilty verdict for money laundering charges are very serious. Hiring a skilled money laundering defense law firm is very important to protecting your rights and future.
Money Laundering Defense Attorney in Fort Lauderdale & Boca Raton, Florida
Being charged with any type of crime can be stressful, especially when it involves your future and livelihood and comes with strict penalties. If you or a loved one are facing a money laundering crime charge in South Florida, you’re in the right place.
Whether you’re facing a third- or first-degree felony charge for a money laundering crime, our criminal defense attorneys have the skills and expertise you need to fight for the best possible result in your organized fraud case.
Attorney Glenn Roderman and Attorney Philip Johnston have helped many people successfully overcome serious felony money laundering charges in South Florida. When you hire the Glenn Roderman Law Firm, you get a skilled and compassionate team on your side to defend and fight for your rights.
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