Money Laundering

Have you been accused of money laundering? If you are in New Hampshire, this can be a quite serious offense and you’ll definitely need the help of a criminal lawyer who is experienced in white collar crimes.

Look no further than attorney Michael Anzalone in Nashua, New Hampshire. He has a proven track record of representing clients who’ve been accused of white collar crimes, such as money laundering.

The first thing he will tell you is that you should never speak to authorities about your case until you have a consultation with your legal team. At The Anzalone Law Firm we will work with you to determine the best approach for your case.

Money laundering gives the image of cleaning up dirty money. And that’s exactly what it is. It is the process of taking profits gained through illegal means and turning it into what appears to be a legitimate asset.

This is a crime that’s most commonly associated with illegal narcotic money, but it’s not limited to the drug trade. It has also been associated with terrorism and organized crime.

How does it work? The premise is fairly simple. To launder money, there are three common steps which include placement, layering and integration. The first step is usually the most difficult because it involves putting the money into a financial institution. In the United States, that isn’t really easy because banks are required to report any deposits that are over $10,000 in cash in one single day. To get around this people who launder money often use a “front” such as a business like a check-cashing store, or by using cashier’s checks or money orders.

To layer the money, accounts are typically opened in an attempt to “hide’’ the money. Often this meant putting the money in accounts outside of the United States. Then, once the money is “clean” and no longer traceable, it is moved into the business world and mixed with legitimate funds.

This is considered a very serious crime and it comes with harsh penalties. In some cases you can be fined significant amounts of money and be ordered to prison for up to 20 years or longer, depending on the circumstances of your case.

The best advice if you are arrested on a money laundering charge is to contact a criminal defense attorney right away. This can be a complicated case and you will want to make sure that you hire an attorney who is well-versed in New Hampshire’s laws, RSA 399-G, dealing with white collar crimes, such as money laundering.

At the Anzalone Law Firm, our associates listen and advise, working hard every day to get the best possible outcome from the court. Whether this ends up being a plea deal with prosecutors or taking your case before a judge and jury, you can rest assured that we will leave no stone unturned.

Please call us at 603.548.3797 for a free consultation. Michael Anzalone and his legal team will make you a top priority.