How money is laundered

Money laundering is the action of making dirty money appear as if it has come from a legitimate source. To engage in money laundering, an individual or organization in Florida will take cash earned from an illegal activity and layer it. This is the process of using accounting tricks to conceal the source of the funds. When layering is complete, it will look as if a criminal entity has obtained money legally.

In some cases, money will be laundered through the use of wire transfers or currency exchanges. It can also be done by having someone physically smuggle the illicit cash into another country to take advantage of looser banking laws. Some criminal entities will create front organizations to funnel money into a bank. For example, the organization will filter money through a restaurant before it goes into a legitimate account with a financial institute.

However, banks do have the power to flag any transaction that seems to be suspicious in nature. As technology evolves, money laundering may take place using digital currencies as they offer a higher level of anonymity. Other methods of transferring illicit funds online include running gambling websites and engaging in online auctions. Money can also be laundered via the purchase and sale of real estate, gems and collectibles.

Individuals who are charged with money laundering or other types of fraud could spend years in prison. They may also be required to pay restitution or fines as part of a sentence. However, legal counsel might assert that an individual was engaging in legitimate business transactions when taken into custody. A lawyer may also assert that a client was compelled to commit illegal acts under the threat of harm. This could be enough to obtain a favorable outcome in a fraud case.

No Comments

Leave a comment
Comment Information
  • Badge 1
  • Badge 2
  • Badge 3
  • Badge 4
  • Badge 5
  • Badge 6
  • Badge 7
  • Badge 8

Contact O'Brien Hatfield, PA for a free case evaluation today

In Tampa, call (813) 345-4909. In Orlando, call (888) 496-5916 . For fast answers, email us using the form below.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

Footer Brand

Tampa Bay Office
511 West Bay Street Suite 330
Tampa, FL 33606

Toll Free: 888-496-5916
Phone: 813-345-4909
Tampa Law Office Map

Central Florida Office
121 South Orange Avenue Suite 1500
Orlando, FL 32801

Toll Free: 888-496-5916
Phone: 407-686-1696
Orlando Law Office Map

South Florida Office
Northbridge Tower
515 North Flagler Drive
Suite P-300
West Palm Beach, FL 33401

Toll Free: 888-496-5916
Phone: 407-686-1696
South Florida Office Map

South Florida Office
Brickell Bay Office Tower
1001 Brickell Bay Drive
Suite 2700 M-1
Miami, FL 33131

Toll Free: 888-496-5916
Phone: 305-859-0046
Miami Law Office Map