What is the maximum penalty for main money laundering offences?

The maximum penalty for main money laundering offences is set at 14 years in prison. This reflects the severity with which such offences are treated under the law, as money laundering is often linked to serious criminal activities such as drug trafficking, organized crime, and terrorism financing. The law aims to deter these activities by imposing substantial penalties, which include lengthy prison sentences. A 14-year maximum penalty underscores the seriousness of the crime and serves as a strong disincentive for individuals considering engaging in money laundering activities. The severity of the penalty also aligns with the need to protect the financial system and ensure justice is served in cases involving the concealment of illegal funds.