March 16, 2025 • Posted In White Collar Crime
Being under investigation for money laundering in Georgia is a serious matter. Federal and state authorities aggressively prosecute these cases, and a conviction can lead to severe penalties, including imprisonment, substantial fines, and asset forfeiture. If you suspect you are being investigated or law enforcement has already approached you, taking the proper steps to protect yourself is crucial. Here, Wallack Law’s Atlanta money laundering attorney tells you what to do if you are under investigation for money laundering.
The phrase “money laundering” conjures images of shadowy figures and complex international schemes. However, in today’s world, accusations of money laundering can arise from seemingly innocuous financial transactions.
In its simplest terms, money laundering involves disguising the origins of illegally obtained money to make it appear legitimate. This can range from structuring cash deposits to avoid reporting thresholds to complex shell company transactions.
Ignoring the situation or assuming it will go away is a mistake. Money laundering cases often involve extensive financial records, wire transfers, and business transactions. Federal agencies such as the FBI, IRS, or Financial Crimes Enforcement Network (FinCEN) may already have substantial evidence before contacting you. If you become aware of an investigation, take it seriously and act immediately.
If law enforcement contacts you for an interview or requests information, do not answer any questions without Sandy Wallack present. Authorities can use even seemingly innocent statements against you. Politely but firmly state, “I am invoking my right to remain silent and would like to speak with my lawyer.”
Money laundering laws are complex, and these cases often involve federal charges and serious penalties. You need an experienced Georgia criminal defense lawyer who understands financial crime defense and federal investigations. Our team at Wallack Law can evaluate the evidence, communicate with investigators on your behalf, and develop a strong defense strategy.
Tampering with financial records, emails, or any other potential evidence can lead to obstruction of justice charges, which carry additional penalties. Even deleting files or shredding documents may be considered an attempt to obstruct an investigation. Instead, keep all records intact and provide them only after consulting with your attorney.
Discussing your case with business partners, employees, friends, or family could backfire. Investigators may interview people around you and potentially use anything you say against you. Only discuss your case with your lawyer so we can protect your defense.
The government must prove beyond a reasonable doubt that you knowingly engaged in financial transactions with proceeds from criminal activity. Possible defenses include lack of knowledge, legitimate business transactions, and insufficient evidence.
Investigators may arrest and formally charge you with money laundering if they gather enough evidence. Having a lawyer in place early on ensures that you are prepared to respond appropriately and fight the charges from the outset.
A money laundering investigation can be daunting and stressful. Understanding your rights and taking the appropriate steps can make a significant difference in your case’s outcome. By staying informed, exercising caution, and seeking experienced legal guidance, you can navigate the situation with greater confidence and protect your future.
