According to National Fraud Center statistics, the cost of economic crime rose from $5 billion in 1970 to $100 billion in 1990. Today, the cost of economic crime is estimated at well over $250 billion. Among some of the most economically damaging crimes in America is money laundering.

Money laundering is the act of making money appear legal. During this process, illegally acquired money is passed through a legitimate business or bank account in order to disguise its illegal origins. Money laundering, as explained by the Anti Money Laundering Network, occurs in three distinct stages including: Hide, Move, and Invest.

Money laundering is a white-collar crime and punishment varies by state. In most states, punishment is severe. This means, if you are convicted of money laundering, you will spend anywhere from several years up to 20 years or more in prison, you will have to pay fines, and you will most likely be sued by any other individuals involved in the case who may have been damaged financially.

If you have been accused of money laundering, whether you are guilty or not, you will need to hire a criminal lawyer or attorney. If you are suing a convicted money launderer for financial damages (or otherwise) resulting from their money laundering activities, you should hire a civil lawyer or attorney. If the person was not convicted and you still want to sue for damages, you should still hire a civil lawyer or attorney. Criminal lawyers and attorneys represent individuals who have been charged with crimes by arguing their cases in courts of law. A criminal lawyer or attorney will typically have a private practice concentrating on criminal law.

If you have been arrested for money laundering, you should request an attorney at the time you are arrested or contact a private criminal lawyer or attorney immediately. A good criminal attorney will be familiar with important money laundering laws of the state in which the crime took place, they will be familiar with local court customs and procedures, and they will also have a clear understanding of the "hidden costs" of pleading guilty.

If you are ready to search for a criminal lawyer or attorney, visit the American Bar Association. The ABA website features a lawyer locator to help you quickly and easily locate a criminal lawyer or attorney in your area. Access to the site and the lawyer locator is free.