{"id":86041,"date":"2018-11-01T16:00:35","date_gmt":"2018-11-01T20:00:35","guid":{"rendered":"https:\/\/sentencing.net\/?p=86041"},"modified":"2019-11-05T16:36:57","modified_gmt":"2019-11-05T21:36:57","slug":"money-laundering","status":"publish","type":"post","link":"https:\/\/sentencing.net\/sentencing\/money-laundering","title":{"rendered":"Sentencing For Money Laundering. Does Crime Pay?"},"content":{"rendered":"\n\t
The old adage \u201ccrime doesn\u2019t pay\u201d may be true as an overall principle; yet, as a practical matter, crime often does pay \u2013 sometimes it pays quite a lot. In fact, the Internal Revenue Service (IRS) has reported that crimes involving money represent the majority of criminal activity in the United States. Because money laundering is often a component of many financial crimes, it is important to understand the law and sentencing for money laundering.<\/p>\n
Sentencing for Money Laundering<\/p><\/div>\n
What is Money Laundering?<\/strong><\/p>\n
It is an oft-repeated phrase, but \u201cmoney laundering\u201d is sometimes hard to conceptualize. Indeed, how does one \u201cclean\u201d or \u201claunder\u201d money? And why is it a crime?<\/p>\n
Stripped to its essence, money laundering covers any activity whereby a person converts money from criminal activity into money that appears to be from a legal source. Stated differently, it is \u201ccleaning\u201d money to remove its illegal, or \u201cdirty,\u201d origin. Let\u2019s look at an example<\/a> to better understand the process.<\/p>\n