How is money laundering prosecuted?

In Kansas, money laundering is prosecuted under both federal and state laws. Money laundering is a federal crime and is punishable by up to 20 years in prison. Money laundering is a scheme wherein illegal proceeds from a criminal activity are concealed and transferred in a manner designed to avoid detection by law enforcement. At the state level, Kansas has adopted its own money laundering laws to add to the federal statutes. Under Kansas law, money laundering is a level three felony and is punishable by up to 11 years in prison. Money laundering is defined as knowingly engaging in a financial transaction with proceeds that were gained through criminal activity. To prosecute money laundering, the prosecutor must prove that the individual was aware of the source of the money and that the individual had the intent to conceal or disguise the source of the money. Furthermore, the prosecutor must prove that the transaction that had been conducted involved proceeds derived from criminal activity. In Kansas, money laundering is aggressively prosecuted and an experienced defense attorney can help an individual who is being charged with money laundering. It is important to have an experienced attorney who is well-versed in money laundering law in order to provide a solid defense.

Related FAQs

How is tax fraud committed?
Can white collar crime be prosecuted in state courts?
What is white collar crime?
What are the penalties for tax fraud?
What are the penalties for public corruption?
How is bribery committed?
What are the consequences for tax evasion?
What is the difference between tax evasion and tax avoidance?
How is a subpoena used in a white collar crime investigation?
What are examples of white collar crime?

How is money laundering prosecuted?

Related FAQs

Related Blog Posts