Money Laundering

Money laundering is the process of taking money which was illegally obtained and disguising its source in order to make it appear as though it was earned legitimately. Although most often associated with organized crime, such as international drug trafficking organizations, money laundering can occur in the business or financial world as well. The money laundering process is complex and requires a number of financial transactions or other actions which will hide the paper trail and make illegally obtained money appear legit.

The penalties for money laundering may be severe, depending upon the amount of money which was processed, the prior criminal history of the offender and which state and federal laws apply.

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