Regulatory Framework & Financial Crime Flashcards
1
Q
What is criminal conduct?
A
Any crime that constitutes an offence in the UK
2
Q
What is criminal property?
A
Property is criminal property if it constitutes a person benefitting from criminal conduct
3
Q
What is institutional liability?
A
Due diligence - prevent money laundering
4
Q
How is money laundering prevented?
A
- reporting of suspicious transactions
- staff training
- record keeping
5
Q
Define terrorism
A
The use of threat to influence a government or intimidate the public for the advancement of a political, religious or idealogical cause
