Paving The Way To Justice

Cassandra Stamm
Paving The Way To Justice

What are the penalties for money laundering in Hawaii?

On Behalf of | Jul 1, 2024 | Federal Crimes

The legal system can seem complicated and confusing, especially when it comes to financial crimes. However, it is essential to understand the potential consequences of these charges if you want to protect yourself or your loved ones.

Whether you’re worried about your own situation or concerned for someone else, this short blog may help shed light on what’s at stake. After reading, you may be better informed and prepared to handle what comes next.

The consequences of money laundering

Money laundering involves disguising funds so offenders may use them without detection of the illegal activity that produced them. Through this process, the monetary proceeds derived from criminal activity become funds with a legal source.

In Hawaii, the more money involved in money laundering, the harsher the punishment. Those found guilty of this violation will have to pay a fine.

Hawaii law aims to deter offenders from repeating the crime by ensuring the fine is at least twice the amount of money laundered. Laundering money less than $10,000 is a Class C felony. Offenders may have to pay up to $16,000 or twice the money involved, whichever is more.

Meanwhile, if the laundered money exceeds $10,000, a court may charge the offender with a Class B felony. The offender must pay a fine of up to $25,000 or twice the amount of money involved, whichever is more.

The significance of legal support

Financial crimes in Hawaii carry serious consequences. The severe penalties can impact your life in many ways, from hefty fines to long prison terms.

Moreover, remember that each case is unique, and the outcome depends on various factors. If you’re facing these charges, consider working with a skilled lawyer who may help you determine which steps to take.