New York Penal Law 470.21: Money laundering in support of terrorism in the fourth degree

New York Penal Law 470.21: Money laundering in support of terrorism in the fourth degree

The New York Penal Code classifies money laundering as a serious criminal offense. Money laundering involves taking the financial proceeds of criminal activity to make it appear the money was obtained through lawful means.

Historically, money laundering was associated with a number of different types of criminal enterprises, including drug crimes, gambling, and organized crime activities. In the past few decades, money laundering has also become associated with terrorism.

The New York Penal Code includes four criminal offenses associated with money laundering and terrorism. Money laundering in support of terrorism in the fourth degree is one such crime.

Elements of Money Laundering in Support of Terrorism in the Fourth Degree

The elements of money laundering in support of terrorism in the fourth degree include knowing that the money at issue is the proceeds of some sort of terrorist activity or represents funds that are designed to be used in support of terrorism. The New York Penal Code sets the dollar threshold low for an act to qualify as a violation of the money laundering in support of terrorism in the fourth degree law. As little as $1,000 can trigger the provisions of the money laundering in support of terrorism in the fourth degree and cause a person to be charged with this crime.

Example of Money Laundering in Support of Terrorism in the Fourth Degree

An example of money laundering in support of terrorism in the fourth degree involves a tech company operated by a woman named Helene. In addition to providing actual services to real clients through her company, Helene would take money from people who desired to support a group that was classified as a domestic terrorist organization.

When Helene received funds in support of this cause, she would launder the money through the accounts of her business. The money ultimately ended up in the hands of the domestic terrorist organization. Because the money laundering was over the minimal dollar threshold, Helene faced money laundering in support of terrorism in the fourth degree charges.

Sentence for Money Laundering in Support of Terrorism in the Fourth Degree

Money laundering in support of terrorism in the fourth degree is the least serious of the crimes involving money laundering and terrorism in the New York Penal Code. Money laundering in support of terrorism in the fourth degree is classified as a class E felony.

A person convicted to money laundering in support of terrorism in the fourth degree faces the prospect of up to four years in prison and five years probation. A person convicted of this crime can also face the prospect of a fine that totals two times the amount of money laundered.

Defense to Money Laundering in Support of Terrorism in the Fourth Degree

There are a number of defenses that can be mounted to a charge of money laundering in support of terrorism in the fourth degree. NYC criminal lawyers can raise the defense that the money at issue was not connected with terrorism. This is an element of the charge that must be proven by the prosecutor.

In addition, a defense to money laundering in support of terrorism in the fourth degree is that the person charged with the crime did not have actual knowledge of the source of the funds, or where the money was destined. The law does require actual knowledge on the part of the person who undertakes the alleged laundering.

A criminal defense lawyer in New York provides an overall case evaluation during an initial consultation. As a general rule, there is no charge for an initial consultation with a criminal defense attorney.

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