There are four types of money laundering that you might be prosecuted for in New Jersey. These four types of money laundering are: You transported or possessed property you knew (or should have known) was acquired by illegal activity You intentionally avoided reporting requirements for the money (or other property)…
Yes, money laundering is both a federal and a New Jersey state crime. Therefore, you can be charged with money laundering by the state of New Jersey and the federal government. The federal law, enacted in 1986, is slightly broader than the state law and makes specific reference to hiding…
There are several terms and concepts that may come up in your money laundering case in New Jersey. These terms and definitions apply to all money laundering cases, not just in New Jersey. Placement involves getting the “dirty” money into the banking system. This may involve adding illegally gained money…
Some potential defenses to money laundering in New Jersey include: The source of the money was not illegal activity You did not know the money was illegally obtained The money or source of the money was not intentionally concealed An insignificant amount of money is involved There is insufficient evidence…
