Baltimore Money Laundering Lawyers
Defense Against Serious Money Laundering Charges in Baltimore, MD
In recent years, prosecutions for money laundering have grown as federal investigators refine their methods for uncovering money laundering operations. Many tools were developed in response to various white collar scandals and concerns that money laundering may be used to fund terrorist operations. The prosecutions are expected to intensify as continuing political pressures push law enforcement to step up identification, conviction, and punishment of alleged launderers.
If convicted, the penalties are severe. In addition to incarceration and fines, your personal property may be subject to forfeiture.
Facing money laundering charges? It is critical that you contact an experienced Baltimore money laundering attorney. Call Nathans & Ripke LLP today.
A Top White Collar Defense Firm
Nathans & Ripke LLP has been rated by U.S. News as one of the top white collar criminal defense firms in Maryland. Our Baltimore money laundering lawyers have nearly 100 years of combined experience. They are known and respected for the outstanding service they offer each client. Attorney Larry Nathans has been consistently recognized as one of the Best Lawyers in America. Both Larry Nathans and Robert Biddle are distinguished as Maryland Super Lawyers in white collar criminal defense.
What are the Different Types of Money Laundering?
Money laundering is often associated with drug trafficking, bribery, racketeering, and conspiracy, but most commonly tied to white collar offenses. Money laundering encompasses any sort of financial transaction or attempt to conduct a transaction to conceal the source of funds that came from an illegal activity.
To do this, the prosecution will attempt to prove:
- An intent to carry on an illegal activity
- An intent to evade taxes
- Knowledge that the transaction was designed to conceal or disguise the nature of, source or ownership, or to control the proceeds of the specified unlawful activity
- Knowledge that the transaction was designed to avoid a state or federal reporting requirement.
It is common for innocent business owners to be investigated or charged with money laundering. Repeated bank deposits made during the course of business can be mistaken for an attempt to avoid banking reporting requirements.
How Do Banks Detect Money Laundering?
Banks have transaction monitoring systems that scrub their accounts for possible money laundering schemes. Detection rules are action-based and target suspicious transaction behaviors, such as excessive cash deposits, structured transactions intended to avoid government record-keeping thresholds, and rapid money movement from one bank to another. Customers who violate the detection rules trigger a system-generated alert, which is reviewed by an internal investigator.
Our Baltimore money laundering attorneys are adept at defending against money laundering charges. We have the experience and the resources needed to build a successful defense.