Money Laundering Charges Lawyer

Criminal Defense Lawyer John L. Calcagni, III

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Money Laundering Charges Lawyer

Criminal Defense Lawyer John L. Calcagni, III

Schedule a Consultation

Money laundering criminal charges in Rhode Island

Under Rhode Island criminal law, Money Laundering may be found under Rhode Island General Laws, Section 11-9.1-15.   This crime involves the conduct of concealing or attempting to conceal the source or identity of cash or assets acquired through illegal activity.

Legal elements of money laundering

Money Laundering can be committed under four different theories. In order to be convicted of the first theory of Money Laundering, there must exist strong evidence of the following legal elements:

  • (1) the defendant conducted or attempted to conduct a financial transaction; and
  • (2) with the intent to promote the carrying on of specified unlawful activity.

  In order to be convicted of the second theory of Money Laundering, there must exist strong evidence of the following legal elements:

  • (1) the defendant conducted or attempted to conduct a financial transaction; and
  • (2) with the intent to conceal or disguise the nature, location, source, ownership, or control of property believed to be the proceeds of specified unlawful activity.

In order to be convicted of the third theory of Money Laundering, there must exist strong evidence of the following legal elements:

  • (1) the defendant conducted or attempted to conduct a financial transaction; and
  • (2) with the intent to avoid a transaction reporting requirement under state law.

In order to be convicted of the fourth theory of Money Laundering, there must exist strong evidence of the following legal elements:

  • (1) the defendant conducted or attempted to conduct a financial transaction;
  • (2) the defendant knew what the transaction was designed in whole or in part for; and
  • (3) that it was designed to conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity or to avoid a transaction reporting requirement under the laws of this state or of the United States.

Potential punishment if convicted of money laundering in Rhode Island

Under Rhode Island law, a conviction for Money Laundering is a felony and the defendant shall be punished by a fine of not more than $500,000 or twice the value of the property involved in the transaction, whichever is greater and/or sentenced to imprisonment for not more than twenty (20) years. This penalty may be found at Rhode Island General Laws, Section 11-9.1-15.

Contact money laundering defense lawyer John L. Calcagni, III

If you have been charged with money laundering call Rhode Island White Collar Defense Lawyers at the Law Office of John L. Calcagni, III today at (401) 351-5100 to schedule a free consultation.

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