Crimes Involving Fraud
Money Laundering
It shall be unlawful for any person:
- To knowingly conduct a financial transaction
- Where the person knows the property involved in the transaction involves the proceeds of an activity which is punishable as a felony in Virginia or another state.
- Money laundering is punishable by imprisonment up to 40 years and/or a fine of up to $500,000.
Any person who, for compensation, converts cash into negotiable instruments or electronic funds for another, knowing the cash is the proceeds of some form of activity which is punishable as a felony under the laws of the Commonwealth, another state or territory of the United States, the District of Columbia, or the United States, shall be guilty of a Class 1 misdemeanor. Any second or subsequent violation of this subsection shall be punishable as a Class 6 felony.
VIRGINIA CODE: http://law.lis.virginia.gov/vacode/title18.2/chapter6/section18.2-246.3/
Anyone could find themselves facing criminal charges. A criminal charge can have lasting effects on the lives of those with such charges on their records. In order to effectively handle a serious legal situation, individuals often need to understand what they are facing. If you have a criminal law charges in Newport News, Hampton, Williamsburg, Yorktown or the rest of the Hampton Roads area, call the criminal defense attorneys at Goff Voltin, PLLC today.
