California works to combat money laundering crimes in the state, protecting many from this serious crime with devastating effects. For instance, the California Department of Justice established the California Anti-Money Laundering Alliance (CAMLA), which combats these criminal acts that take place along the California/Mexico border. They help investigate these crimes to support the prosecution of these illegal activities that are sometimes related to bigger crimes like human trafficking, illegal sale of firearms, and so much more.
The Department of Justice also oversees the Money Laundering and Asset Recovery Section (MLARS), which prosecutes and investigates these cases, provides legal assistance to federal and state prosecutors, and so much more. With these programs in place, you would think that money laundering crimes would be abolished, but this is not always the case as some go under the radar every year.
Criminal Activity and Penalties
For you to be prosecuted for the crime of money laundering, there had to be some illegal action, such as benefiting and receiving proceeds from the crime. There is a fine line on what is money laundering and what isn’t. For instance, if you receive $10,000 from selling a car to somebody but you hide these proceeds from the IRS, this is not money laundering. You have violated tax laws, but you have not laundered money. Laundering involves taking money from a source and making it appear as if it came from a legitimate source instead of an illegal one.
The penalties for these crimes are usually very serious, especially when committed on a federal level. You could see prison time for this felony offense, with 35 years or more for the most serious crimes. You could also see steep fines, as money was taken illegally – with some cases bringing in fines of $500,000 or more! If you have been convicted federally for this serious crime, we are here for you. We have experience in these delicate matters and can help keep this crime for having a negative impact on your life for years to come. Call us today at The Law Offices of Peter Blair.