What is Money Laundering? Miami White Collar Criminal Defense Attorney Answers

Money laundering is a crime that involves taking money obtained through criminal or fraudulent means and converting it into legitimate assets. Often, when people think of money laundering, the first thing that comes to mind is drug trafficking, but money laundering is not exclusive to drug money. In this video, Miami white collar criminal defense attorney Curtis Miner explains the broad scope of money laundering. If you have been charged with money laundering in Miami, New Orleans or Washington, D.C., our attorneys are prepared to defend you in court. Call Colson Hicks Eidson at (305) 476-7400 or go to our website to learn more about white-collar criminal defense: ******

When you hear the phrase money laundering, the first thing that probably comes to mind is people who are laundering the money of drug cartels or narco traffickers, but what’s covered by money laundering is really much broader than that. And money laundering can be any financial transaction, whether it’s by a bank or a middleman, that is done in furtherance of some other form of unlawful activity. So, not all money laundering relates to drug trafficking or narco trafficking. Money laundering can be a much more traditional white collar crime. It can be financial transactions done to either conceal or hide the proceeds of a fraud. So money laundering is really much broader than just the drug realm. For more information, call Colson Hicks Eidson, (305) 476-7400 or visit our website, Colson.com.