Money laundering is a practice that some people use to hide the origins of their income. While this is an illegal practice, not everyone who does it, a criminal career could be contemplated. In fact, some people have made it easy to hide the fact that they have a specific job, such as. The government or bank employees on the assumption that the money comes from a different job than the one they want to lead them astray However, those who practice the money laundering faces different penalties.
One of the most common punishment of money laundering includes heavy fines. In fact, if you are caught money laundering, you could have the government to pay at least what you washed, if not double the amount. The fines up to 500,000 $ in many cases go, albeit minor cases of money laundering often require lesser sentences. As a rule, criminals who should launder money there is prepared at least to pay back the amount they have washed.
Another common penalty is the time in prison. Since this is considered a federal crime, you can expect to spend time in a federal prison up to 20 years per count of money laundering, you provided with charge. For smaller cases that involve only a small amount of money laundering, it is often possible to stay out of jail with the representation of a good lawyer. Of course, it must be the first offense of this type, and in fact is a completely clean record often to avoid prison for this crime required. Consider what some time in prison to do would your life, because you would not be able to work, take care of your family, or often see your loved ones. In the best case would be avoided jail, but you would money for a good lawyer to do so, to pay. So to prevent money laundering at all is best.
If you own a business or a lot of personal wealth, they can be taken by the government. This is especially true when the cost can not afford, you are charged. Entrepreneurs are losing equipment that they need to run their business, allowing them to leave without a source of income. Personal assets that can be taken to close a house, car, jewelry and furniture, to name just a few. If you want to keep these items have no chance to take laundering money.
Note that the banks often required to report suspicious activity to law enforcement, and the government is making great efforts those who commit to investigate this illegal act and track. This is because most of the time, those who are hiding the true source of their income they generate through illegal means, and often are not paying taxes on them. So if you think you have a reason to hide your income source, talk to a lawyer about your options, instead of committing this illegal act.
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