Money Laundering in NV

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Money laundering is considered a federal criminal offense which law enforcement takes very seriously. This white collar crime is associated with severe consequences, including long prison sentences and costly fines. It is imperative to obtain skilled legal representation from a qualified lawyer in order to protect your rights and future.

At Oronoz, Ericsson & Gaffney, we have won “not guilty” verdicts on all types of cases in Nevada. Backed by decades of collective experience, our Las Vegas criminal defense attorneys were named as Top 100 Trial Lawyers by The National Trial Lawyers and obtained a 10.0 Superb Avvo Rating. We understand what it takes to either get your entire case dismissed or your charges reduced substantially.

Money Laundering Definition & Penalties

Money laundering is defined as knowingly concealing or disguising the unlawful source of money or property. Most money laundering progress in three steps: placement of cash generated from criminal activity, layering (illegal money being used in one or more financial transactions to disguise its origin), and then integration (handed out to one or more people as wealth).

Common examples of money laundering schemes:

  • Depositing small amounts of cash over time in a bank to avoid having to report large deposits to the IRS and other federal authorities.
  • Establishing shell companies or cash-intensive business “fronts” to make proceeds of illegal activities legitimate.
  • Taking cash across foreign borders and depositing it in banks overseas which do not require reporting to U.S. authorities.

In Nevada, money laundering is punishable by a maximum federal prison sentence of 20 years and up to $500,000 in fines or twice the value of the property involved in the scheme. In addition, courts may freeze a defendant’s assets.

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When it comes to federal criminal charges, there is not a moment to lose. The sooner you obtain legal services from our Las Vegas criminal defense lawyers, the more time we will have to investigate and develop an effective defense strategy on your behalf.

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