Arenstein & Gallagher
Aggressive Criminal Defense Counsel In Cincinnati
Call Today 513-823-3012 Text Us 513-432-5421
Areas & Topics

The elements of money laundering in Ohio

We see it in the movies all the time. Individuals obtain money illegally, often through drug transactions, then they must find a way to "clean" it so that the authorities cannot trace that money back to illegal operations. This is often done by setting up a front business that is legitimate, then falsifying records to make it appear that the illegally obtained funds were obtained through legal means. Under Ohio law, such actions are illegal. However, those who have been accused of these crimes may want to look at the actual law to obtain a better understanding of what prosecutors must show before they can obtain a conviction.

Ohio law dictates that no one can conduct or try to conduct any kind of transaction when that individual knows that the property involved in that transaction was obtained through an illegal means. Furthermore, the law states that this is a crime when the purpose of the transaction is to commit or further a corrupt activity, or to conceal the source of illegally obtained property.

So, in short, prosecutors must generally prove knowledge and intent before they can obtain a conviction for money laundering. This is often hard to do, as it usually requires showing strong ties between the individual laundering the money and those who are performing illegal activities.

The severe penalties for a money laundering conviction can be devastating, as they may include a long prison sentence and fines that can destroy one's financial stability. A felony conviction can also cast a long, dark shadow over one's record, making it extremely difficult to return to normal life after a conviction. Therefore, those who face allegations of this type of crime should carefully consider how they can best attack the elements of a law with respect the prosecution's case.

Source: Ohio Laws and Rules, "1315.55 Additional prohibited activities," accessed on Jun. 4, 2017

No Comments

Leave a comment
Comment Information

Contact

Arenstein & Gallagher
114 E. 8th St
Cincinnati, OH 45202

Phone: 513-823-3012
Phone: 513-432-5421
Fax: 513-651-5688
Map & Directions

No matter how complicated things became, or how many backwards steps had to be taken, Bill Gallagher fought for me and for my future.

- David, a former client

Thank you very much for helping me prove my innocence. I appreciate everything you did for me.

- H.F., a former client


Review Us