Money Laundering Laws | Defense Attorney in Colorado Springs, CO
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Money Laundering

White collar crimes encompasses a variety of non-violent offenses, such as money laundering, identity theft, and forgery. Money laundering is the activity of concealing the origins of unlawfully obtained money or services through a complicated process of bank transfers or transactions. That is to say, the alleged white-collar criminal or agent attempts to conceal the origins of the money that came from criminal activity and proceeds to “move” the money to disguise the source, ownership, and nature of the funds.

If you are facing charges for money laundering, there may be other crimes associated which can enhance the severity of the crimes and the penalties you will be facing if convicted for the offense. It is vital to acquire an experienced criminal defense attorney.

Attorney for Money Laundering in Colorado Springs

White collar crimes such as money laundering can be prosecuted in the state and federal level depending on what laws were violated. If you are facing charges for money laundering it is crucial to consult with a skilled attorney, there may be associated offenses. At Law Offices of Clifton Black, PC, the highly qualified criminal defense attorneys have proven experience defending clients of white-collar offenses such as fraud, forgery, racketeering, etc.

The first step in making sure that you have a strong defense is acquiring legal representation. At Law Offices of Clifton Black, PC, our legal team will take the time to review the facts of your case, keep you informed, and aggressively fight for a favorable outcome. The skilled attorneys at Law Offices of Clifton Black, PC have an in-depth knowledge of Colorado law.  With our resources and skills, we can create a strong defense to fight your charges. Call us at (719) 328-1616 to schedule a confidential consultation.

Overview of Money Laundering in Colorado

 


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Money Laundering Laws

Under Colo. Rev. Stat. §18-5-309, the offense of money laundering is classified as crime of fraud and offenders are able to be prosecuted under the Colorado Organized Crime Control Act (COCCA). A person commits the criminal activity of money laundering when:

  • He or she attempts to engage or conducts a financial transaction that involves money or any other item of value that he or she knows or believes to be from the product of a criminal offense
  • He or she intends to use the funds to promote criminal activities, or he or she intends to use the monetary instruments with the knowledge that the funds were gained through a criminal offense or are a product of a criminal offense
  • He or she intentionally concealed or disguised the location, nature, source, ownership, or control of the money that was obtained through a criminal offense
  • He or she avoids the transaction reporting requirements under federal law

Key Terms

Colorado Revised Statutes section 1, part 3 of article 5 of title 18, defines the terms financial transactions, monetary instruments, and transaction.

  • A financial transaction involves the movement of money by wire transfers or other means (e.g., purchases, sales, loans, etc.) as forms of payments using any form of monetary instruments
  • Monetary instruments are forms of currency in the United States or in any other country and this can include; traveler’s checks, bank check, cashier’s check, money order, gold, etc.

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State Penalties

Individuals who are charged with money laundering offenses could face harsh penalties. In the state of Colorado, money laundering is a class 3 felony which entails having to face a minimum of four (4) years and a maximum of twelve (12) years in prison and/or having to pay fines ranging from $3,000 to $750,000. Moreover, if the alleged offender is charged with federal money laundering, he or she may face heftier fines and a longer sentence. It is crucial to retain a criminal defense attorney if you are facing money laundering charges.

A key element in money laundering is the intent to knowingly commit a financial transaction with the profits from a criminal activity. Aside from intent, it must be evident that the alleged white-collar criminal moved a hefty amount of funds. Also, because of the nature of the offense, at times the criminal activity may cross state lines, therefore, it can be prosecuted as a federal crime.


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Additional Resources

Colorado Revised Statutes (C.R.S. § 18-5-309) – Follow the link to view the definition and penalties for money laundering. The state of Colorado has classified the offense as a crime of fraud and under Colorado law, money laundering involves concealing the origin of a source of funds so that it appears to have a legal source.

International Money Laundering Information Network (IMoLIN) – The IMoLIN organization is an “internet-based network that assists governments, organizations and individuals in the fight against money laundering.” Also, the organization provides information about national money laundering laws and regulations.


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Colorado Springs Lawyer for Money Laundering

If you or someone you know has been charged with money laundering or another white-collar offense, it’s imperative to retain a criminal defense attorney. If convicted, you can be facing state and federal charges. Contact the highly qualified attorneys at Law Offices of Clifton Black, PC to learn about your legal options based on the facts of your case.

The experienced lawyers of Law Offices of Clifton Black, PC are well-versed in Colorado’s legal system, we can assist you by suppressing evidence, cross-examining witnesses or doing whatever is needed for your case. Contact Law Offices of Clifton Black, PC at (719) 328-1616 to schedule a confidential consultation with our experienced money laundering attorney. Law Offices of Clifton Black, PC represents clients throughout the greater El Paso County area including El Paso County, Denver County and Arapahoe County.


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Law Offices of Clifton Black, P.C.