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BARKER EVANS

Fraud & Money laundering

Fraud and Money Laundering Offences in NSW

Fraud and money laundering are serious criminal offences in New South Wales, each with its own set of legal complexities. Understanding these charges and the legal frameworks governing them is crucial for anyone facing allegations.

Fraud Offences in NSW

Fraud is addressed under section 192E of the Crimes Act 1900 (NSW). Fraud occurs when a person acts dishonestly, whether through words or conduct (by deception), and gains a financial benefit or obtains property. Fraud charges can be complex and require careful legal analysis to determine the best defence.

If you have been charged with fraud, it is critical to obtain legal advice from an experienced solicitor to navigate the complexities of the charge.

What is Money Laundering?

Money laundering involves the process of disguising illegally obtained money to make it appear legitimate. This is often done to conceal the origins of the funds and to integrate them into the financial system without raising suspicion. Authorities work to combat money laundering by enforcing strict anti-money laundering regulations.

Australia’s Anti-Money Laundering Laws

Australia’s anti-money laundering laws are governed primarily by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. These laws impose obligations on financial institutions and businesses to detect and report suspicious activities that may be related to money laundering. Failure to comply with these regulations can result in significant penalties.

The compliance requirements under Australia’s anti-money laundering regime are highly complex, making it essential to seek professional legal guidance if you are facing charges or require assistance with regulatory compliance.

Penalties for Money Laundering in NSW

The penalties for money laundering can vary depending on the scope of the offence, the amount of money involved, and any aggravating factors. Convictions for money laundering can lead to substantial fines, imprisonment, and the forfeiture of assets.

Legal Assistance for Fraud and Money Laundering Charges

If you are facing charges related to fraud or money laundering, it is crucial to have expert legal representation. At Barker Evans Solicitors, we specialise in defending clients against money laundering charges and fraud allegations.

Should you require advice on fraud or money laundering offences, please contact our office on (02) 8379 1892.