Money Laundering — Louisiana Law

Posted by & filed under Crimes Defined, Criminal Statutes, Economic Crimes, White Collar Crime.

 

Money Laundering — La.R.S. 14:230

It is unlawful for any person knowingly to do any of the following:

(1)  Conduct, supervise, or facilitate a financial transaction involving proceeds known to be derived from criminal activity, when the transaction is designed in whole or in part to conceal or disguise the nature, location, source, ownership, or the control of proceeds known to be derived from such violation or to avoid a transaction reporting requirement under state or federal law.

(2)  Give, sell, transfer, trade, invest, conceal, transport, maintain an interest in, or otherwise make available anything of value known to be for the purpose of committing or furthering the commission of any criminal activity.

(3)  Direct, plan, organize, initiate, finance, manage, supervise, or facilitate the transportation or transfer of proceeds known to be derived from any violation of criminal activity.

(4)  Receive or acquire proceeds derived from any violation of criminal activity, or knowingly or intentionally engage in any transaction that the person knows involves proceeds from any such violations.

(5)  Acquire or maintain an interest in, receive, conceal, possess, transfer, or transport the proceeds of criminal activity.

(6)  Invest, expend, or receive, or offer to invest, expend, or receive, the proceeds of criminal activity.

 

Penalties

If the value of the funds is less than three thousand dollars, may be imprisoned for not more than 6 months or fined not more than one $1,000, or both.

If the value of the funds is $3,000 to $20,000, may be imprisoned with or without hard labor for 2 to 10 years and may be fined not more than $10,000.

If the value of the funds is $20,000 to $100,00, shall be imprisoned at hard labor for 2 to 25 years and may be fined not more than $20,000.

If the value of the funds is $100,00 or more, shall be imprisoned at hard labor for not less than 5 to 99 years and may be fined not more than $50,000.

After a conviction, the defendant may be ordered to release the laundered funds.

 

Legal Representation

If you or a loved one has been arrested for an economic crime or a white color crime, contact attorney Elizabeth B. Carpenter today. She is prepared to aggressively fight for you.

 

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