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CAFCA Manual J36 terms Terms in this set (47) What is financial crime? Illegal activities that are usually economically motivated. What is money laundering? The process of concealing or disguising the existence, source, movement, destination, or i$7.99
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CAFCA Manual J36 terms Terms in this set (47) What is financial crime? Illegal activities that are usually economically motivated. What is money laundering? The process of concealing or disguising the existence, source, movement, destination, or i
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Course
GED - General Educational Development
Institution
GED - General Educational Development
CAFCA Manual
J36 terms
Terms in this set (47)
What is financial crime? Illegal activities that are usually economically motivated.
What is money laundering? The process of concealing or disguising the existence, source, movement, destination, or illegal application of criminally...
What is financial crime? Illegal activities that are usually economically motivated.
The process of concealing or disguising the existence, source, movement, destination,
What is money laundering? or illegal application of criminally derived property or funds to make them appear
legitimate.
- Placement
Three stages of money laundering - Layering
- Integration
Involves fund for an illegal political purpose to support terrorist activities. However,
What is terrorist financing? money is necessarily derived from the proceeds of illegal activity.
Hawala system plays a big roles in moving terrorist related funds.
Political decision made as part of diplomatic efforts by countries, regional organization,
and international bodies. Sanctions are primarily a foreign policy and security tool.
What are sanctions?
Sanctions are intended to affect behavioral change through deterrence, prevention, or
punishment.
An International act of criminal deception in order to obtain an unjust or illegal
What is fraud?
advantage. Usually for personal gain.
Bribrery is the giving or receiving of a financial or other advantage in connection with
What is anti-bribery and corruption? the improper performance of a position or trust, or a function that is expected to be
performed impartially, or in good faith.
- The Foreign Corrupt Practices Act US
Anti-bribery and Corruption Law?
- The UK Bribery Act 2010
What is tax avoidance? The legal means to reduce the tax owed.
What is tax evasion? The illegal means to avoid paying tax owed.
Regulation to combat tax evasion? The Foreign Account Tax Compliance Act (FATCA)
CAFCA Manual
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