Money laundering is a serious federal crime with life-altering consequences. In Florida, where the state’s financial and real estate industries are major players, federal authorities often take an aggressive stance on these cases. Being accused of attempting to disguise the source of funds, whether through shell companies, layered transactions, or even everyday banking activity, can trigger an investigation that quickly escalates to federal court.
The penalties are steep. A conviction for money laundering under federal law can carry up to 20 years in prison and fines reaching $500,000 or more, depending on the amount of money involved. Beyond prison time and financial penalties, a conviction can also mean forfeiture of assets, loss of professional licenses, and long-term damage to your reputation and career.
Florida residents facing these charges may also encounter overlapping state and federal investigations. Federal prosecutors in the Southern District of Florida, for example, are known for working closely with agencies like the IRS, FBI, and DEA. This means that even a single allegation of suspicious financial activity can draw attention from multiple government bodies, making the stakes incredibly high.
Building a defense against money laundering charges often involves challenging the government’s evidence. Prosecutors must prove not only that money was moved but that the purpose was to conceal its origin. Demonstrating that transactions were legitimate or that there was no intent to disguise funds can be a powerful strategy.
That is why having the right defense attorney is critical. Michael B. Cohen, a seasoned federal criminal defense lawyer based in Florida, has extensive experience handling complex financial crime cases, including money laundering. He understands how federal prosecutors build their cases and how to challenge them effectively. His clients benefit from both his courtroom experience and his deep knowledge of federal law and procedure.
If you or a loved one is facing federal money laundering charges in Florida, do not wait. Contact Michael B. Cohen today for a free consultation and get the guidance you need to protect your future.