If you thought for even a moment that banking crimes under the federal legislative scheme are complicated, you need only to visit the federal acts and the case law construing them to recognize that the offense of \u201cMoney Laundering\u201d is far more difficult to understand and navigate. About Statutes 18 U.S.C., Sections 1956 and 1957 <\/strong> And the Defendant had \u201cscienter\u201d\u2013 that is that the defendant had guilty knowledge of the transaction in one or more of the following ways: <\/p>\n Under some of the subsections, additional or different elements of the crime may include the use of a monetary instrument or specific funds, that the transaction took place across the US border, or transportation of currency or monetary transfer instruments. Most \u201cmoney crimes\u201d fall into these categories, although the much simpler (but equally serious) offenses of counterfeiting of currency and other financial instruments are also included here. <\/p>\n Contact A Money Crimes Attorney <\/strong> UNDERSTANDING MONEY CRIMES YOU DON\u2019T HAVE TO BE A DRUG KINGPIN TO BE PROSECUTED If you thought for even a moment that banking crimes under the federal legislative scheme are complicated, you need only to visit the federal acts and the case law construing them to recognize that the offense of \u201cMoney Laundering\u201d is far … <\/p>\n
\nUntil the mid 1980s, \u201cmoney laundering\u201d was a phrase found chiefly in popular fiction. Its appearance in judicial opinions was rare, and its status as a colloquialism was marked by its enclosure in quotes (just as above.) In the course of two decades, federal prosecution for money laundering has become the \u201cprosecution\u202fde jure.\u201d This abrupt reversal began with the passage of the\u202fMoney Laundering Control Act of 1986<\/strong>,\u202ffollowed by the\u202fAnti-Drug Abuse Act of 1988<\/strong>\u202fand the\u202fHousing and Community Development Act of 1992<\/strong>. With the worldwide attack on offshore financial centers (also referred to as \u201ctax havens\u201d) in the early 90s through the use of money laundering prosecution as a weapon in the War on Terrorism since September 11, 2001, it has become more than fashionable to \u201cfollow the money.\u201d The current version of\u202fThe Patriot Act\u202fis but the most recent and most virulent form of federal invasion of your privacy. This is not the forum to discuss the philosophy of whether this is good or bad. As a matter of law it is enough to recognize that these laws are on the books, and that you risk prison of you violate them. <\/p>\n
\nThe two principal statutes used by federal prosecutors, are 18 U.S.C. Sec. 1956 and 1957. It is beyond the scope of these remarks to go through the distinctions between domestic and international money laundering, or the concepts of \u201cpromoting,\u201d \u201ccommingling,\u201d the temporal meaning of \u201cproceeds.\u201d or the role of criminal intent.
\nThe basic elements of money laundering are: <\/p>\n
\nLike in the federal banking violations arena, concepts of \u201cstructuring,\u201d \u201cpromoting,\u201d and of course conspiracy are also important considerations.\u202fThis is a complex area of law, and if you find yourself in trouble, you will need an experienced \u202fCentral Florida Federal Criminal Defense Attorney\u202fat\u202fThe Defense Group<\/strong>.\u202fCall\u202f 407-831-1956 or 352-742-9090<\/strong>\u202fat\u202fonce to schedule your initial\u202fFree Consultation.\u202f\u202f <\/p>\n","protected":false},"excerpt":{"rendered":"