Chicago Money Laundering Defense Lawyer
What is Money Laundering?
Money laundering occurs whenever a person attempts to conceal the source,
destination, or identity of illegally obtained or acquired money. In other
words, money laundering is the act of making illegally obtained money
appear to come from a legitimate source.
What is the Punishment for Money Laundering?
Money laundering violates both state and federal laws. In Illinois, state
charges for money laundering are filed pursuant to 720 ILCS 5/29B-1.
Federal charges for money laundering are more common, however, and are filed pursuant
to 18 U.S.C. § 1956. If you are charged with money laundering under
18 U.S.C. § 1956, you face up to 20 years in prison and a fine of
up to $500,000, or double the value of the property involved in the transaction
(whichever is greater).
Contact Thomas C. Hallock if you need a skilled and committed money laundering defense attorney
initial consultation is free. Call (888) 412-3741 to begin.