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Lecture 2. An overview of money laundering and AML regime goals
Key words · abetting · abuse · bribery · conspiracy to commit · conversion · counseling · criminal activity · disbursement · embezzlement · facilitating · ill-gotten · illicit · illicit trafficking (in something) · intermediary · legitimized · offshore financial center (OFC) · predicate offence · proceeds · remuneration · shell company · to conceal · to disguise · transfer
Key Questions · Why would somebody desire to sponsor a criminal activity? · List the different types of yield from the commissioning of a crime. · What kind of intangible utility can someone derive from a crime? · How can currency be reinvested into criminal activity? · Why is it necessary to conceal an illicit origin of proceeds? · What kind of techniques do criminals use when trying to disguise the origin of proceeds from crime? · Why is it important to mask multiple financial transactions in the course of money laundering? · What is a predicate offence? Why is it called designated? · Which methods are being used to describe predicate offences? · Name international conventions that cover specific predicate offences. · List major designated categories of offences covered by the General glossary. · List the articles of the Merida Convention which cover specific predicate offences. · What does a criminal do when he launders money in the narrow sense? · Describe the differences between money laundering definitions in part (a) of Art. 6 of the Palermo Convention. · Which three actions with proceeds of crime will be qualified as money laundering in the broad sense? · What is the difference between conversion and transfer of property? · Compare different characteristics of criminal proceeds: nature, source, location, disposition and ownership rights. · Is it fair to convict a person on money laundering charges for possession of proceeds of crime? · Why is it necessary, for competent authorities, to keep in mind that a perpetrator had to know at the time of receipt, that property was proceeds of crime? · List eight activities that constitute money laundering in the broad sense. · Describe the hierarchy of an organized criminal group and list the main activities of its actors. · Why are AML measures so important? Is it easier to convict criminals of commissioning predicate offences?
Date: 2015-01-29; view: 1507
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