Activity considered illegal, what does this mean?

I want to do a mission that is supposedly considered illegal, what kind of consequence will this have, if any? Thanks in advance, I don't want to start off doing things wrong in this game, the reward is good tho.
 
the goods to collect will end up stolen so you have to smuggle them in

You risk a fine if caught, and then upset feds, and a negative rep
 
Most of the time that means you're recovering goods that are considered illegal, So when you're returning them to the port/outpost/whatever to turn the goods in for the mission, you have to be quick/avoid system security vessels, or they'll scan your cargo and then fine/start attacking you for illegal contraband. If you're getting one of those missions from an outpost (somewhere where you dock on the outside of the station, not fly into and dock) you're probably not going to have to worry about system security scanning you before you dock. If it's from a station that you have to fly into to dock, those mostly have more system security vessels hanging around, so you'll have to move quickly to get in before getting scanned, or use silent running/0power mode and glide in to avoid scans.
 
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