What Is the Sentence for Money Laundering?

Answer

The sentence for money laundering is five to fourteen years in jail. The use of criminal proceedings and assisting another to retain the benefit of crime has a fourteen years sentence while tipping off and failure to disclose knowledge of money laundering has a five years sentence.
1 Additional Answer
The maximum sentence for money laundering is 14 yrs in jail but offence increases with the amount of money involved. The number of transactions and whether drugs were involved will determine the sentence. The Proceeds of Crime Act contains the primary UK anti-money laundering legislation.
Q&A Related to "What Is the Sentence for Money Laundering"
Money laundering is when illegal money is invested in a legitimate business. This makes the money clean again. This an illegal practice and should not be performed.
http://answers.ask.com/Society/Government_and_Law/...
Utilize an attorney familiar with state and federal business laws as you report for money laundering. Your attorney can review your report and provide notes that will make your case
http://www.ehow.com/how_2140362_report-money-laund...
Money laundering is mostly done by drug dealers, who have a large amount of income and no explanation of where it came from, since they cannot admit to the actual source of the money
http://wiki.answers.com/Q/Who_launders_money_in_th...
There are likely as many ways to launder money as there are to earn or or to invest it. Among the most popular seem to be: Buy a legitimate business or entering into a partnership
http://www.quora.com/How-do-people-launder-money
Explore this Topic
When a person needs to launder money, he has to get it in circulation through a means that would make it legal. To launder money, he might take it to a bank a ...
When a person needs to launder money, he has to get it in circulation through a means that would make it legal. To launder money, he might take it to a bank a ...
When a person needs to launder money, he has to get it in circulation through a means that would make it legal. To launder money, he might take it to a bank a ...
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