Penalties for Money Laundering in Texas

Legal Definition of Money Laundering

Texas Penal Code, Title 7, Chapter 34, Section 34.02 defines money laundering as having an interest in, concealing, possessing, transferring, or transporting the proceeds of criminal activity. One may also be found guilty of money laundering if they are found to have conducted, supervised, or facilitated a transaction involving money gained through criminal activity. Those who spend, receive, or attempt to invest proceeds which they know has resulted from criminal activity may be considered guilty of money laundering, even if they were not aware of the specific criminal acts which brought about the funds in question.

Consequences for a Money Laundering Conviction in Texas

Money laundering of any kind is considered a felony in Texas. However, as with most financial crimes, the severity of the charges and penalties for money laundering depend on the amount of money involved. The type of felony with which you may be charged and the consequences you could be hit with depend on how much money you are accused of laundering, and felony charges are typically decided based on the following dollar amounts:

  • $1,500 – $19,999: State jail felony, up to 2 years imprisonment, $10,000 fine
  • $20,000 – $99,999: Third degree felony, up to 10 years imprisonment, $10,000 fine
  • $100,000 – $199,999: Second degree felony, up to 20 years imprisonment, $10,000 fine
  • $200,000+:  First degree felony, up to 99 years imprisonment, $10,000 fine

Potential Defenses to Money Laundering Charges

When facing charges of money laundering, there are a few plausible defenses, such as:

  • Genuine intention to lawfully seize the money in question
  • Needing to spend the money in question in order to retain legal counsel and exercise your Six Amendment right
  • Not knowing the money in question was being spent, invested, etc. in a way that would further profit-generating criminal activity
  • Not knowing the money you were investing, receiving, spending, etc. was generated through criminal activity

Be advised that once you have been accused of money laundering, authorities are already investigating your alleged crimes. However, a skillful criminal defense attorney may be able to help you protect your rights during criminal proceedings, push back against unfair charges, and either achieve a reduced sentence or get your charges dismissed entirely. Don’t go in alone, and don’t wait another minute to obtain the protection you need.

We May Be Able to Help You Fight Allegations of Money Laundering in Dallas

At Crain Lewis Brogdon, LLP, we serve people facing criminal accusations of all kinds, including white-collar crimes like tax evasion, embezzlement, and money laundering. Attorney Chris Lewis has tried more than 250 jury trials and has earned a reputation for providing highly effective criminal defense for people charged with DWI, federal crimes, juvenile crimes, and more. If you are being accused of money laundering, you’re going to need the help of one of our highly skilled criminal defenders to achieve charge dismissal or reduced punishment.

Call (214) 301-5007 to speak to a money laundering defense attorney in Dallas today.


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