Money laundering is a form of organized crime. Since money laundering is often related to an underlying like terrorism, drug trafficking or other white-collar crimes that are a threat to public safety, a conviction can result in several years in jail on top of heavy fines.
If you are under investigation for money laundering, it is important that you know what to do and the missteps to avoid. Here are three mistakes you need to avoid if you are being investigated for money laundering:
1. Don’t ignore jury subpoenas
If you are being investigated for money laundering, you may receive a “target letter” from a government agency like the FBI. As the name implies, this letter will inform you that a federal grand jury is investigating you. Next, the jury may issue a subpoena requiring you to give testimony or provide some documentation. Never ignore these subpoenas.
2. Don’t discuss your case in public
As soon as you learn that you are a person of interest in a money laundering case, or any other legal matter, it is in your best interest that you invoke your right to remain silent. Never discuss the investigation or even your role on the matter with anyone and in any forum – including on social media.
3. Don’t destroy or alter evidence
You might be tempted to get rid of financial records or documents that link you to the investigation in question. Doing so can attract obstruction of justice charges, especially if you are indicted. You are better off talking to your defense team regarding how you should handle potential evidence that can be used against you.
4. Protecting your rights and interests
Make no mistake, money laundering is a serious federal offense. Learning more about your legal options following an indictment can help you build a strong defense against a potential money laundering charge.