We regularly people, advise directors, companies, business owners and officers who are involved in external investigations and prosecutions, related to money laundering, brought by Commonwealth and stage agencies.
Money Laundering Lawyers in NSW
Our Criminal Law Team can assist you with matters related to money laundering, we have the experience and expertise necessary to ensure you receive the best possible outcome.
We’ve been defending the people of Newcastle, Lake Macquarie, Central Coast and the Hunter region since 1969 and have helped our clients to achieve the best possible outcomes in all Criminal Law matters.
We are used to dealing with the Police, and know all the ‘ins and outs’ of the Courts and Justice system.
If you have been charged with this type of crime, contact our Criminal Law Team today to book a teleconference or appointment. We’ll fight vigorously to protect your freedom and rights.
What is money laundering?
‘Money Laundering’ is an illegal practice that involves deliberately making money that comes from one source appear to come from a different source.
One of the most common reasons for engaging in this practice is to hide the proceeds garnered from participating in illegal activities. These offences can be found under both Part4AC of the Crimes Act 1900 (NSW) and the Criminal Code (Cwlth). All money laundering activity in Australia is monitored by the Australian Transaction Reports and Analysis Centre (AUSTRAC).
This type of crime is a complex and difficult corporate crime to prosecute because it often involves sophisticated schemes which are hard to track and prove. These schemes typically involve money intermingling with legitimate transactions in areas such as gaming, real-estate, motor vehicles, export, trade and finance.
What are the penalties for money laundering?
The maximum penalty for money laundering under the Crimes Act 1900 (NSW) is 20 years imprisonment. Under the Criminal Code (Cwlth) it’s 25 years imprisonment. In addition to this penalty, the Courts have the power to freeze and seize assets on an interim basis and forfeit assets on a final basis.