Tennessee Money Laundering Attorneys
Aggressively Defending Clients Against Criminal Charges With Years of Experience
Money laundering is a complex and serious crime under both Tennessee and federal law. If you find yourself as the target of a state or federal investigation or if you have already been charged with money laundering activities, you should immediately seek the help of an experienced criminal defense attorney.
You should never answer questions or talk to anyone about suspected criminal actions without the protection of such an attorney. You may unknowingly compromise yourself in making statements that could later be used against you. At Belmares Law, PLLC, we offer experienced and proven legal representation in money laundering charges whether at the state or federal level.
Our Dickson County money laundering defense attorney is a seasoned trial lawyer who can provide the type of aggressive and thorough legal defense you will need in such cases. As a boutique law firm, we offer the type of personalized service and client focus difficult to find at large, corporate firms.
You can count on our diligence, attention to detail, and work ethic when it comes to building the most effective defense strategy available for your case as well as remaining in communication with you throughout every phase of the legal process.
Facing a money laundering arrest? Learn more about your case by contacting Belmares Law, PLLC at (833) 355-0310 for a free case evaluation.
What Are The 3 Stages of Money Laundering?
The procedure of laundering money is generally broken into 3 steps:
- And integration
Money laundering is a procedure where criminals obtain 'dirty money' and make it usable in the economy. Layering conceals the source of the cash through a series of transactions. In the last step, integration, the now-laundered money is withdrawn from the legitimate account to be utilized for whatever purposes criminals have in mind.
What Is Considered Money Laundering in Tennessee?
While money laundering has a technical definition under both state and federal law, it is generally understood to be the attempt to disguise money or property gained from an illegal or criminal activity, making it appear to look as if derived from a legal source.
A common example of money laundering is taking cash from illegal drug sales or trafficking and “cleaning” the money by funneling it into legitimate business transactions in service businesses such as car washes or casinos or into:
- Offshore accounts
- Trusts and shell companies
- Real estate transactions
- Cash gifts
- Paying labor in cash
- And through other hidden means
Money Laundering Charges in TN
Money laundering is a charge that often accompanies other felony charges, such as those involving drug crimes, white collar crimes, various types of fraud, and racketeering. When money laundering charges are filed, they can result in the forfeiture of the assets or property suspected of being monetary vehicles used for its purpose.
Tennessee describes money laundering under section 14-903 under Title 39 of the Tennessee Code as using the proceeds directly or indirectly from an unspecified illegal activity to conduct a financial transaction that is designed to conceal or disguise the “nature, location, source, ownership, or control of financially derived proceeds” or to use such proceeds to promote “carrying on an unlawful activity.”
Is Money Laundering a Felony in Tennessee?
In Tennessee, money laundering is charged as a Class B felony punishable by:
- Eight up to 30 years in prison
- Fines of up to $25,000
Class E Felony Charges and Penalties
It is a Class E felony in cases where a business knowingly:
- Or transports illegal or criminal proceeds
A Class E felony carries penalties of a fine up to $5,000 and seizure of assets.
Get The Right Defense With A Money Laundering Lawyer That is Ready To Go Battle
When facing state or federal money laundering charges, it is imperative that you take all necessary precaution in protecting yourself during any investigative procedure as well as when charges have been filed.
You could be facing a lengthy prison sentence, loss of property, and heavy fines along with a being labeled a convicted felon for the rest of your life. Our experienced attorney can evaluate your case and defend your rights and best interests from start to finish.
Contact our firm online or at (833) 355-0310 for a legal defense today.
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