money laundering lawyer orlando flIf you have been charged with money laundering, you shouldn’t depend on just any attorney to defend your case. You need a money laundering lawyer near you with extensive experience defending this type of crimes. Here at Smith & Eulo we have some of the finest criminal defense attorneys, with over 20 years of combined experience servicing an extensive area of the state of Florida. The Smith & Eulo’s lawyers are ready to represent you or your loved one, call us now.

The United States and the state of Florida have strengthened their efforts in investigating and prosecuting money laundering cases including digital assets known as crypto currency. In recent years with the increased advances in technology agencies responsible for controlling the sources of money have been able to increase their arrests and convictions for those white-collar crimes.

 What is Money Laundering?

Money laundering is a federal crime and it involves the unlawful practice of hiding the source of illegally obtained funds through transactions intended to hide the source, identity, quantity, or destination of the proceeds. Money laundering includes the process of making money from criminal activities appear to have come from a legitimate source.

Money laundering can be a criminal charge either at state or federal level. The goal of money laundering laws is to penalize people or organizations using financial transactions to hide the proceeds of unlawful activities in the state of Florida. Some activities involved in money laundering schemes may include the sale, purchase, loans, wire transfers, bank deposits, currency exchange, crypto currency exchange, and so on. The burden of proof is on the prosecutor or state attorney to show the defendant knew about the primary criminal activity involved in the source of the money or the unlawful source of the proceeds.

Having an experienced criminal defense lawyer on your side can help you defend against accusations of money laundering by arguing on lack of knowledge regarding the source of the money or intended purpose of the money. In addition, in some cases there could be an entrapment arranged by police or law enforcement officials.

Under Florida state law the sentence for money laundering will depend on the value of the financial transactions. The basis for sentencing may include the following:money laundering attorney orlando fl

Third degree felony: if the transaction values a total of $300 to $20,000 in a twelve-month period

Second degree felony: for transactions between $20,000 to $100,00 in a twelve-month period

First degree felony: for transactions over $100,000 in a twelve-month period

In addition to prison sentencing the defendant may also be required to pay a state fine of $250,000 or double the amount of the financial transactions. If a defendant has prior convictions for money laundering, the fine may increase to $500,000 or even five times the total amount of the financial transactions.

Money laundering cases are complicated and requires a special set of skills and knowledge to handle them appropriately. The of Smith & Eulo Law Firm have competent and experienced criminal defense attorneys who have handled many cases of money laundering. We have the knowledge and experience you need to give you proper legal advice. Don’t let your money or assets get locked away. Contact us today!

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