Miami Criminal Attorney
We Defend the Bill of Rights
One Case at a Time® since 1974.
Free Consultation 305.670.9919 En Español

The Florida Money Laundering Act

MoneyLaund

Money laundering is strictly prohibited in Florida under the Florida Money Laundering Act, which makes this type of conduct a serious offense, punishable by jail time and fines. Fortunately, there are defenses available to those who have been charged with this crime, so if you have been accused of money laundering, please contact an experienced white collar crime lawyer who can help defend your interests.

Prohibited Conduct  

Under the Florida Money Laundering Act, residents are prohibited from conducting or attempting to conduct financial transactions, or to transport or attempt to transport funds,  knowing that the property involved was obtained unlawfully. For the purposes of this law, the term “conduct” includes initiating, participating, or concluding a transaction, as long as it involves the movement of funds or transfer of title. However, before a person can be convicted of this offense, the prosecutor must demonstrate that the defendant intended to promote unlawful activity or knew that the traction was designed to:

  • Conceal or disguise the nature, source, or ownership of the proceeds of an unlawful activity; or
  • Avoid a transaction reporting or money transmitters’ registration requirement.

This law also specifically applies in situations where the property in question is represented by a law enforcement officer as being used in unlawful activity. This includes any officer of Florida, of another state, or of the United States who is empowered by law to conduct investigations or to make arrests for white collar crimes.

Defenses and Penalties  

Although there are a number of defenses available to those who have been accused of money laundering, including entrapment, Florida law specifically prohibits defendants from arguing that:

  • A law enforcement officer solicited someone who was predisposed to engage in money laundering to commit the crime in order to gain evidence against him or her;
  • An undercover operative or law enforcement officer deceived the defendant; or
  • The opportunity or facility used to engage in the conduct was provided to the defendant.

Formulating a strong defense and avoiding prohibited defenses is critical in these types of cases, as those who are convicted face severe penalties, which vary depending on the value of the funds involved. For instance, those whose transactions exceed $300, but are less than $20,000 can be charged with a third degree felony, which could mean up to five years in prison. Financial transactions of between $20,000 and $100,000, on the other hand, may lead to up to 15 years in prison for each count, while unlawful transactions exceeding $100,000 in a single one year period are considered first degree felonies, and as such are punishable by up to 30 years imprisonment. Furthermore, each transaction of over $10,000 is considered a separate offense, so a defendant could end up being sentenced to decades in prison for a single encounter. Finally, defendants who are found or plead guilty to these charges may be required to pay an additional fee of $250,000 or twice the value of the transaction, whichever is greater.

Speak with a White Collar Crime Attorney Today  

Please call 305-670-9919 to speak with dedicated white collar crime attorney Jeffrey S. Weiner, P.A. about your money laundering charges. Our passionate Miami legal team is eager to assist you today.

Resource:

leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0800-0899/0896/0896.html

Facebook Twitter LinkedIn Google Plus
Miami Criminal Attorneys

9130 South Dadeland Blvd
Miami, Florida 33156

Telephone: 305-670-9919
Fax: 305-670-9299
Email:lawfirm@jeffweiner.com

Miami Abogado Criminal Jeffrey S. Weiner website - Delitos de Negocios, Delitos de Drogas y Apelaciones

  • Facebook
  • Twitter
  • Linked In
  • Instagram

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.jeffweiner.com

We Defend the Bill of Rights
One Case at a Time® since 1974.
MileMark Media - Practice Growth Solutions

© 2017 Jeffrey S. Weiner, P.A. Attorney at Law. All rights reserved.
This law firm website is managed by MileMark Media.

Contact Form Tab