Types of Financial crimes Flashcards
1
Q
Refers to…
A
illegal activities that are usually economically motivated
2
Q
Examples of Financial Crime
A
Market abuse, Money laundering, Terrorist Financing, tax evasion (NOT AVOIDANCE), corruption, fraud, bribery, Financing sanctions, And insider dealing…
3
Q
Who can commit financial crimes?
A
Criminals, politicians, business leaders and executives,. and even employees with access to company assets.
4
Q
Factor that make a country more vulnerable to financial crime are:
A
Geographic location, populations education level, technological factors, and its major industries.
5
Q
What has the evolution of technology allowed for?
A
Criminals to operate internationally , easily conduct transactions between banks in different countries & evade detection
