money laundering
Criminal fund concealment
Money laundering is the process of disguising illegally obtained money so it appears to come from legitimate sources.
Criminals who acquire funds through drug trafficking, fraud, or other illegal activities need to "clean" the money before they can use it openly.
This typically involves moving funds through a series of transactions—shell companies, foreign banks, cash-intensive businesses—to obscure their criminal origin.
The casino was shut down for money laundering.
Inactive firm for transactions
- front businessCover for illegal activity
- smurfingEvasive transaction splitting
- structuringImposing systematic order
- layeringForming successive strata
placement · integration · offshore accounts · tax havens · underground banking · wire transfers · real estate flipping · false invoices
Fraudulent taking of entrusted assets
- tax evasionIllegally avoiding government dues
- fraudIntentional criminal trickery
- Ponzi schemeFraudulent returns from newcomers
- counterfeitingMaking fake money
insider trading · securities fraud · drug trafficking · racketeering · organized crime · illegal gambling · loan sharking · human trafficking
Pre-transaction reasonable care
- complianceAdhering to requirements
- asset seizureLegal taking of property
- forfeitureLoss due to breach
- investigationFormal examination of facts
prosecution · Interpol · Europol · whistleblower · audit trail · beneficial ownership · sanctions · blacklist
shell company
Inactive firm for transactions
- front businessCover for illegal activity
- smurfingEvasive transaction splitting
- structuringImposing systematic order
layering · placement · integration · offshore accounts · tax havens · underground banking · wire transfers · real estate flipping · false invoices · round-tripping
embezzlement
Fraudulent taking of entrusted assets
- tax evasionIllegally avoiding government dues
- fraudIntentional criminal trickery
- Ponzi schemeFraudulent returns from newcomers
counterfeiting · insider trading · securities fraud · drug trafficking · racketeering · organized crime · illegal gambling · loan sharking · human trafficking · corruption
due diligence
Pre-transaction reasonable care
- complianceAdhering to requirements
- asset seizureLegal taking of property
- forfeitureLoss due to breach
investigation · prosecution · Interpol · Europol · whistleblower · audit trail · beneficial ownership · sanctions · blacklist · watchlist
- criminal schemesconspiracy, collusion, racketeering, kickback scheme, assassination plot
- Europol workcounterterrorism, drug trafficking, human trafficking, organized crime, fraud investigation
- federal crimesbank robbery, kidnapping, counterfeiting, tax fraud, wire fraud
- financial crimesbank fraud, wire fraud, securities fraud, tax fraud, insurance fraud
- financial fraudsecurities fraud, bank fraud, accounting fraud, defalcation, embezzler
- white-collar crimewhite-collar crime, corporate crime, financial crimes, securities fraud, insider trading
money launderingfinancial disclosure
Required reporting of finances
financial transparency · transparency · tax compliance · open books · audit trail
money, cleansing, moneyed, coinage, launder, monetary, moneymaking, monies, moneys