Money laundering is a type of white collar crime that involves taking money from an illegal source and making it appear legitimate. To learn more about this crime, take a look at this video.
Money laundering can be done a number of ways. Integrating illegally obtained funds into a company’s cash flow, for example, makes them difficult to trace and makes the money look legitimate. Similarly, sending the money through a series of bank transfers has the same effect.
Because even one transaction with tainted money can be considered money laundering, it can be easy to be charged with this crime, regardless of whether you knew the money was illegally obtained or not. If you need help defending yourself against money laundering charges, rely on the criminal defense attorneys at Kelly, Parker & Cohen, LLP. Call (888) 482-1351 to reach our office today.