It Pays To Have Experience On Your Side.
free consultation917-639-5370

The origin of funds that funnel into a business matters greatly

The origin of funds that funnel through a business is an important matter. This is because funds that come from illegal means can't be legally pushed through a legal business in an effort to conceal where the funds came from. The crime that this falls under is money laundering. It comes with serious penalties if you are convicted.

Laws against money laundering have been around for decades, so they aren't new. When you are trying to decide how you are going to handle funds coming into your business, you need to take a look at where they came from so that you aren't unwittingly laundering money.

Originally, money laundering laws were aimed at gangsters who would try to funnel money from their drug activities through other businesses. Over time, these laws have come to cover a host of illegal activities from gambling rings to drug dealers.

Money laundering charges can occur on a state level or a federal one, depending on the circumstances surrounding the activities. One thing that you need to know is that financial institutions are on the front lines in the fight against money laundering. These institutions are required by law to report financial transactions that meet specific requirements. This could alert authorities to criminal activity.

If you are facing money laundering charges, make sure that you are taking them seriously. You need to think about the options that you have for a defense so that you can decide how you are going to move forward. The choices you have will likely depend on the circumstances of your case.

Source: FindLaw, "Money Laundering," accessed Feb. 22, 2018

No Comments

Leave a comment
Comment Information

Honors and Memberships

Super lawyer American college trial lawyers The national trail lawyers AV Preeminent
Contact us

contact our law firm

If you are facing a criminal charge or securities dispute, it pays to have experienced lawyer on your side. Contact us today online or by telephone at 917-639-5370 to speak with an experienced New York City defense lawyer.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

New York
Bachner & Associates, P.C.

New Jersey
Bachner & Associates, P.C.

New York Office
39 Broadway, Suite 1610
New York, NY 10006

Phone: 917-639-5370
Phone: 212-344-7778
Fax: 212-344-7774
New York White Collar Crimes Office

West Caldwell Office
New Jersey Office
175 Fairfield Avenue, Suite 3D
West Caldwell, NJ 07006

Toll Free: 877-388-6461
Phone: 212-344-7778
Fax: 212-344-7774
Map & Directions