Money Laundering: An Introduction

“Money laundering” is a crime under both federal and New Jersey law. These offenses are defined in laundry lists of “thou shalt nots”. The federal thou shalt nots can be found at 18 U.S.C. § 1956. The New Jersey thou shalt nots are at N.J.S. 2C:23, -24, -25, -26, and -27. All of these sets of laws are written in convoluted legalese that, if written by a high school student, would cause any English teacher to assign a failing grade. We describe both the federal and New Jersey laws on this page, and provide the text of both sets of laws on separate pages.

Federal Money Laundering Law

For the most part, federal money laundering consists of financial transactions involving property obtained from unlawful activity. Although the property involved is typically money, any kind of property can be the focus of a federal money laundering case. Thus federal money laundering investigations can involve real estate, automobiles, airplanes, electronics, drugs--you name it.

To obtain a conviction, the Assistant United States Attorney must prove that the accused individual knew that the property was proceeds of unlawful activity. Additional elements exist. The classic additional element is contained in 18 U.S.C. § 1956(a)(1)(B)(i). That provision requires knowledge that the transaction is designed “to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity.”

Upon conviction under Sections (a)(1) or (a)(2) of 18 U.S.C. § 1956, a person may be fined the greater of $500,000.00, or double the value of the property involved in the transaction. The permissible fine upon conviction of Section (a)(3) of the federal money laundering statute is “only” $250,000.00. (Reference 18 U.S.C. § 3571(b)(3)). Under either of the three sections, he may also be sentenced to a term in federal prison of up to twenty years.

Section (a)(3) of the federal money laundering statute is rather interesting. A conviction under this section does not involve property obtained from unlawful activity. Required, instead, is that a law enforcement official, or someone acting at the official's direction, merely indicate that the property was obtained in that manner. Participation by a government agent is thus needed for the activity in question to be a crime in the first place! For that reason, Section (a)(3) prosecutions, more than others, may lend themselves to entrapment defenses.

Under the United States Constitution, all federal laws must have a constitutional basis in order to be valid. The federal money laundering statute does not, in so many words, set forth its constitutional basis. Constitutional challenges thus far, however, have failed. Courts have sustained its constitutionality by finding that interstate commerce, or taxation, elements, satisfied jurisdictional requirements. Future federal money laundering prosecutions will likely reach the same result. Jurisdiction is nonetheless an issue that must be considered in all federal money laundering prosecutions.

New Jersey Money Laundering Law

New Jersey money laundering law, for the most part, captures the same kinds of events covered by federal money laundering law. The New Jersey money laundering statutes, however, attempt to be much more comprehensive. Without sacrificing generalty, the New Jersey money laundering statutes, by specific examples, encompass various situations not spelled out in the federal money laundering statutes. Additionally, of course, the New Jersey money laundering statutes need not depend, either explicitly or implicitly, upon federal constitutional law-making authority.

Depending on the circumstances, the court may impose upon a person convicted of New Jersey money laundering a fine of up to $500,000.00.

Money Laundering Lawyers in New Jersey

federal money laundering lawyers in NJActivities that violate federal money laundering statutes may (and typically will) also violate New Jersey money laundering statutes, and vice versa. Such activities would thus lend themselves to prosecution by both New Jersey and federal authorities. Constitutional provisions against double jeopardy do not preclude separate prosecutions by each jurisdiction.

Allan Marain and Norman Epting, Jr. are federal and New Jersey money laundering lawyers. Their combined experience is approximately seventy years. They are available to discuss your federal and New Jersey money laundering charges in a confidential no-cost no-obligation one-on-one conference. They would welcome your call.

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“We, as criminal defense lawyers, are forced to deal with some of the lowest people on earth. People who have no sense of right and wrong. People who will lie in court to get what they want. People who do not care who gets hurt in the process. It is our job, our sworn duty as criminal defense lawyers, to protect our clients from those people.”

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Counsellors at Law in the Law Offices of Allan Marain, located in New Brunswick, represent clients throughout Central and Northern New Jersey. That includes Asbury Park, Bedminster, Belleville, Bergenfield, Berkeley Heights, Bernards Township, Bernardsville, Bogota, Bound Brook, Branchburg, Brick, Bridgewater, Clifton, Clinton, Closter, Cranbury, Cranford, Cresskill, Deal, Demarest, Denville, Dover, Dumont, Dunellen, East Brunswick, East Rutherford, East Windsor, Edison, Elizabeth, Emerson, Englewood, Englishtown, Ewing, Franklin Township, Freehold, Garfield, Garwood, Hackensack, Highland Park, Hillsborough, Hillsdale, Hillside, Jersey City, Kearny, Kenilworth, Lakewood, Lawrence Township, Mahwah, Manville, Marlboro, Matawan, Metuchen, Middlesex Borough, Monroe, Mountainside, New Brunswick, North Brunswick, Nutley, Old Bridge, Paramus, Parsippany, Paterson, Perth Amboy, Piscataway, Plainfield, Plainsboro, Point Pleasant, Princeton, Rahway, Raritan, Readington, Red Bank, Ridgefield, Ridgefield Park, Ridgewood, Robbinsville, Rockaway, Rocky Hill, Roselle, Roselle Park, Rutherford, Sayreville, Scotch Plains, Seabright, Seaside Heights, Seaside Park, Secaucus, Shrewsbury, Somerville, South Amboy, South Bound Brook, South Brunswick, South Orange, South Plainfield, South River, Sparta, Spotswood, Summit, Teaneck, Tenafly, Toms River, Trenton, Union, Wall, Warren, Washington, Watchung, West Windsor, Westfield, Woodbridge, and other communities in Bergen County, Mercer County, Middlesex County, Monmouth County, Ocean County, Somerset County, Sussex County, Union County, and Warren County. They handle criminal matters in the United States District Court for the District of New Jersey, and the United States Court of Appeals for the Third Circuit. They are available to handle matters in the United States Supreme Court.

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