Dallas Money Laundering Attorneys

money laundering

If a person engages in any type of alleged criminal activity that leads to financial gain, the person may also face a charge of money laundering. Whether a state or federal charge, it could carry serious consequences on conviction, including a high fine and lengthy term in prison.

Given what’s at stake, it only makes sense to seek legal help from a Dallas money laundering defense lawyer with extensive experience fighting for clients in state and federal courts in Texas and many other states.

At Broden & Mickelsen, LLP, we bring more than 60 years of combined criminal defense experience to our clients. We know what it takes to effectively represent clients charged with money laundering and other so-called white-collar crimes.

We can provide a free and confidential initial review of your case. Contact us today to learn more.

What Is Money Laundering?

The specific definition of money laundering really depends on which state or federal law a person is charged with violating. If you are accused of money laundering in Texas, it will benefit you to work with a Dallas criminal defense attorney with experience defending clients in both state and federal courts in Texas.

Under federal law, a person could face money laundering charges under 18 U.S.C. § 1956(a) or 18 U.S.C. § 1957(a). There is a slight difference in the charges.

Laundering of money instruments – This crime under 18 U.S.C. § 1956(a) involves knowingly engaging in a financial transaction with the proceeds of unlawful activity with:

  • Intent to promote carrying on the unlawful activity;
  • Intent to engage in tax fraud;
  • Avoid a state or federal reporting requirement; or
  • With knowledge the transaction was designed to conceal or disguise the nature, location, source, ownership, or control of the proceeds.

Engaging in monetary transactions in property derived from unlawful activity – The law set out in 18 U.S.C. § 1957(a) involves knowingly engaging in a financial transaction in “criminally derived property” of a value of $10,000 or more from unlawful activity.

Under Texas law, a money laundering charge can arise under Tex. Penal Code Ann. § 34.02, if a person allegedly:

  • Acquires or maintains an interest in, conceals, possesses, transfers, or transports the proceeds of criminal activity.
  • Conducts, supervises, or facilitates a transaction involving the proceeds of criminal activity.
  • Invests, expends, receives, or offers to invest, expend, or receive the proceeds of criminal activity or funds the person believes are proceeds of criminal activity; or
  • Finances or invests or intends to finance or invest funds that the person believes are intended to further the commission of criminal activity.

A prosecutor in Texas does not need to show the person knew the specific nature of the criminal activity giving rise to the proceeds to establish guilt under the statute.

Transactions That Can Lead to Money Laundering Charges

A person can face a money laundering charge based on engaging in any number of otherwise legitimate activities. In our experience as Dallas money laundering defense lawyers, we have seen people charged with this offense after engaging in transactions with allegedly ill-gotten proceeds, such as:

  • Buying property in cash
  • Making large payments in cash for goods or services
  • Buying gifts for friends or relatives
  • Engaging in currency exchanges
  • Making wire transfers or deposits
  • Making loans to others
  • Engaging in large investments
  • Making payments relayed through third parties
  • Falsely reporting their income or property value
  • Using unusual shipping routes or packaging