Money Laundering

Money Laundering – 186.10

Taking money from “dirty” activities and funneling it into legitimate businesses or bank account is money laundering. In California, money laundering is separated into two categories: money obtained from drug crimes, and money obtained from any other crime.

Money laundering is a “wobbler”, meaning it can be charged as a misdemeanor or felony depending on your criminal history and the details of the case. A misdemeanor can be punished by up to one year in county jail and fines up to $1,000. And a felony penalties can carry jail time of 16 months to four years and fines up to $250,000 OR up to twice the amount of money laundered. The fine can increase if this is not your first conviction and jail time can rise if the amount of money laundered is over $50,000.