Knoxville Money Laundering Lawyer

Money laundering is the process by which a person conceals the existence of income unlawfully received and disguises that income to make it appear legitimate. Conduct falling within this general description is likely a federal or state crime.

If you are facing a money laundering charge you should know that our Tennessee white collar crime attorneys have many years of experience representing clients at both state and federal levels. With quality representation and thorough investigations that challenge the government's evidence and credibility of their witnesses, the criminal defense attorneys at the law offices of Baker Associates near Knoxville and Sevierville are dedicated to providing you with a skilled and thorough defense.

Some Specifics of the Tennessee Money Laundering Act

Persons may be charged with money laundering under T.C.A. 39-14-903 if they knowingly use proceeds from a "specified unlawful activity" to conduct a financial transaction with the intent to disguise criminally derived proceeds.

A specified unlawful activity is basically any crime recognized under the criminal code of Tennessee that is punishable as a felony or any law from another jurisdiction that is punishable by a sentence greater than one year.

Not all acts to disguise criminally derived proceeds constitute money laundering. Actions taken to disguise proceeds from gambling are specifically excluded under the Act. Moreover, certain transactions are excluded. For instance, a transaction conducted at the request of a federal law enforcement official or a transaction conducted by a business or financial institution in compliance with a legal duty may be excluded under the Act.

It is also an offense under the Act for anyone to knowingly use proceeds derived directly or indirectly from a "specified unlawful activity" with the intent to promote the carrying on of a specified unlawful activity.

To constitute a knowing use of proceeds derived from a specified unlawful activity, the accused must have known that the property or proceeds involved in the transaction were received from a specified unlawful activity. However, the state cannot infer knowledge based solely on the identity or reputation of the transferring party or associate of the transferring party.

Corporate Director's or Executive Officer's Liability for Employee's Acts

If prosecuted for money laundering, the state does not have to prove that the defendant actually knew that the property or proceeds were derived from a specified unlawful activity, so long as the defendant knew that the property or proceeds were derived from some form of criminal activity.

However, a corporation, board of directors or executive officer is not criminally liable for the actions of an employee if the corporation exercised due diligence to prevent the criminal act. A corporation exercises due diligence if the criminal acts committed by its employees are

Criminal Penalties in Money Laundering Cases

Money laundering under the Act is classified as a Class B felony. If convicted, you could face:

Immunity for Reporting a Financial Transaction

The reporting of a financial transaction by a corporation or other business entity to a regulator or law enforcement official or agency will not create a cause of action against the person, corporation or business entity which made the report. The person, corporation or other business entity is also immune from civil liability for making such report.

Protecting the Rights of Our Clients

Money laundering cases can be very complex and difficult. That's why you will want an attorney that has the skills and experience necessary to help you understand your case so that you can be actively involved every step of the way. By engaging in fierce representation and investigating such matters as evidence suppression and witness credibility, our experienced criminal attorneys will help you to mount a strong defense against money laundering charges.

Do not put your case and the quality of your life at risk by making the wrong legal choices. Discuss your money laundering case with an experienced TN criminal defense lawyer at either of our offices.

To schedule a complimentary evaluation with a lawyer at our office, complete the form below.

Anti-spam question:

To view this, you need to install the Flash Player 9. Please go to here and download it.

Launch Video Website

Knox County
2126 First Tennessee Plaza
800 South Gay Street
Knoxville, Tennessee 37929

Phone: (865) 521-0001
Toll-free: (866) 853-2888

Sevier County
121 Court Avenue
Sevierville, Tennessee 37862

Phone: (865) 546-6000
Toll-free: (866) 853-2888

Washington County
300 East Main Street
Johnson City, Tennessee 37601

Tennessee Criminal Defense Law Firm Disclaimer: The money laundering or other legal information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer or attorney client relationship. Any results set forth here were dependent on the facts of that case and the results will differ from case to case. Please contact an attorney at our law firm. This web site is not intended to solicit clients for matters outside of the State of Tennessee.

Copyright © 2019 Baker & Associates - Serving Tennessee, including Johnson City, Sevierville, and Knoxville.