Federal laws, including the Bank Secrecy Act and Internal Revenue Service regulations, require certain currency transactions to be reported. For example, financial institutions are required to file a Currency Transaction Report for transactions involved more than $10,000.00 in currency, and currency exceeding $10,000.00 received in a trade or business must be reported to the Internal Revenue Service on a Form 8300.
“Structuring” transactions to avoid these reporting requirements may be subject to civil and criminal penalties, including significant fines and a term of imprisonment. This is also referred to a Money Laundering. Additionally, property suspected to be involved in structuring may be seized by the federal government and upon a finding that structuring or money laundering in fact occurred, the property may be permanently forfeited.
If you are being investigated for currency structuring or money laundering, a civil or criminal case for currency structuring has been filed against you, or you fear that one may be in the future, it is essential that you hire a qualified attorney with experience and a successful track record defending clients against these types of charges. An experienced attorney representing your interests can ensure that your rights are protected, help avoid or minimize civil and criminal liability, and achieve a solution that will protect your assets and your freedom.
Money laundering is a crime that requires specific intent to hide the source or flow of money. There are always 2 sides to a story. There may be totally legitimate reasons why what the government claims was money laundering was nothing of the sort. You cannot present your side of the story without and experienced federal criminal defense attorney. You cannot properly present your story without a federal criminal defense attorney who has a working knowledge of business and accounting principles.
I have chosen to focus my law practice on Federal Criminal Defense and White Collar Defense, including currency structuring or money laundering matters. Over the last 25 years, I have earned a successful track record in high stakes white collar and general federal criminal matters I fight hard to enforce the rights of my clients, and I believe in the integrity of that fight.
If you have questions or concerns about currency structuring or money laundering in New Jersey or New York I invite you to contact me, Thomas Ambrosio, directly to discuss them at 201-935-3005. You will discuss your concerns with me personally – never an associate or paralegal. In addition, you should know that your contact with me is privileged under the law, regardless of whether or not you decide to retain me to represent you.