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In New Jersey, money laundering is an indictable offense that can carry a prison sentence of up to 20 years. Individuals convicted of money laundering can also face substantial fines — as high as the greater of $200,000 or three times the value of the property involved in the “criminal enterprise.” If you are facing a money laundering charge in New Jersey, you need experienced defense counsel, and you should discuss your case with a New Jersey white collar criminal defense attorney as soon as possible.
Under New Jersey law, four distinct acts can be prosecuted as money laundering. Each act is a separate offense, and the breadth of New Jersey’s money laundering statute allows prosecutors to pursue charges under a broad range of scenarios. The acts that constitute money laundering under New Jersey law include:
In many cases, money laundering can be prosecuted as a federal offense. Under 18 U.S.C. Section 1957, knowingly engaging in (or attempting to engage in) a transaction involving criminally-derived property of a value greater than $10,000 is a federal offense that carries statutory fines and up to a 10-year term of federal incarceration. Section 1956 of Title 18 of the U.S. Code outlaws conduct similar to that prohibited by New Jersey’s money laundering statute and imposes penalties of statutory fines and up to 20 years behind bars.
At Helmer, Conley & Kasselman, P.A., our New Jersey white collar criminal defense lawyers represent individuals facing state and federal money laundering charges in New Jersey. Depending on the specific charges you are facing and the facts involved in your case, our attorneys may be able to assert various defenses on your behalf. Some examples of potential defenses to money laundering under state and federal law include:
If you need to speak with an attorney about defending against a state or federal money laundering charge in New Jersey, we encourage you to contact us promptly. To schedule a free and confidential consultation as soon as possible, call 877-435-6371 or get in touch online now.
Don’t let your rights be jeopardized.