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Frequently Asked Questions about Federal Money Laundering Offenses

 

What is money laundering?

Although many people think of money laundering as simply the process of executing a series of convoluted financial transactions to conceal the origin of funds obtained from criminal activity, the federal criminal money laundering statutes, cover a far broader range of conduct involving criminally derived property.

Federal criminal money laundering offenses are codified under 18 U.S.C. § 1956 and § 1957. § 1956 is the more serious and commonly charged of the two, and carries a maximum potential penalty of 20 years. § 1957, by contrast, carries a maximum potential penalty of 10 years. In … Read More »