How is money laundering prosecuted?

In New Mexico, money laundering is a serious offense and is prosecuted at the state and federal levels. The New Mexico Money Laundering Act makes it a crime to knowingly engage in conduct or attempt to involve another person in a transaction with the intent to hide or disguise the source of illegally obtained money or property. This includes using the proceeds of unlawful activity or engaging in financial transactions designed to conceal the proceeds of an unlawful activity. When prosecuting money laundering, investigators use a variety of methods to uncover this type of criminal activity. These include examining banking records, looking for suspicious patterns of financial activity, and studying the money trails of those involved in the alleged money laundering. Additionally, investigators may conduct interviews with witnesses and informants to develop evidence against the alleged money launderer. When a prosecutor believes they have enough evidence to charge someone with money laundering, they will typically file an information or indictment. The defendant will then be required to go to trial and perhaps offer a guilty plea. If convicted, the potential punishments may include a jail or prison sentence, fines, forfeiture of assets, or restitution to victims.

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