California Money Laundering Charges and Penalties by Matt Horeczko

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California Money Laundering Charges and
Penalties by Matt Horeczko
Money laundering in California is defined as the
transfer of money obtained through illegal
activity to legitimate banks or outlets. If you
knowingly make a deposit, withdraw money,
initiate an electronic or wire transfer,
exchange money into a foreign currency, write a
check or benefit from illegal activity involving
money laundering, you may be charged with money
laundering in California. According to Matt
Horeczko, depending on the nature of the crime,
the amount of the transaction, and the duration
of the crime, money laundering may be classified
as a federal crime or a misdemeanor.
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Elements of Money Laundering The prosecution in
California must show evidence of financial
transactions that meet the criteria outlined in
the penal code.
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According to these laws, illegal financial
transactions include withdrawals, bank deposits,
fund transfers, wire transfers, payments, and
other types of financial transactions. In order
to be convicted, it must be proven that you
engaged in one of these illegal transactions
with a financial institution such as a credit
union, bank, trust company, or any other type of
financial institution listed under state
law. Federal Crime of Money Laundering Money
laundering primarily targets drug traffickers,
organized crime, tax evasion, and the like. It
is classified into two categories A monetary
transaction including proceeds from an illegal
activity with complete knowledge, and either the
intent to promote illegal activity,
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• Trying or engaging in financial transfers of more
  than 10,000 in illegally derived dollars.
• Misdemeanor Money Laundering
• In California, there are different definitions
  and penalties for
• differentials in violations of money laundering
  laws. Generally, California money-laundering
  violations may come into two kinds, including
• Penal Code 186.10 PC
• Health and Safety Code 11370.9 HS
• Money Laundering Violation Penal Code 186.10 PC
  Denoted by money that relates to any kind of
  crime.
• May include active participants in transactions,
  as well as, those
• who benefit from money laundering, however, do
  not participate in the crime of laundering.

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Health and Safety Code 11370.9 HS
Violation Denoted by money that is particularly
earned from drug crimes. According to Matt
Horeczko, it may include active participants in
transactions, as well as, those who monetary
benefit from money laundering, however, do not
participate in the crime of laundering.