Explain money laundering and list and discuss the most common techniques used by traffickers to launder illicitly gained currency
What will be an ideal response?
• Whether money has been derived through activities such as drug trafficking or corporate crime, the mere existence of large amounts of cash poses problems for those who possess it. This is because if the money is discovered, the government will seize the cash and those possessing it will be arrested and prosecuted. As such, criminals constantly search for methods to hide their financial rewards and make them appear to be legitimate. This process is known as money laundering. Money laundering can employ legitimate businesses, structured bank deposits and accounts, the use of value cards, double invoicing, currency exchanges, and moving the money out of the United States and returning it disguised as loan proceeds.
You might also like to view...
What role does the media play in terrorism?
What will be an ideal response
Which of the following is true of judicial sentencing in white collar crime cases?
a. the death penalty has only rarely been imposed upon convicted white collar crime defendants b. judges have traditionally imposed tough prison sentences on convicted white collar crime defendants c. judges have traditionally been reluctant to impose tough prison sentences on convicted white collar defendants d. harsh sentences of any kind have never been imposed upon convicted white collar crime defendants
The ____________________ is the idea that criminality is a sickness that can be cured through psychological intervention
a. medical model b. rehabilitative psychological model c. Pittsburgh model d. Brockway approach
What type of crimes make it difficult to balance public good and individual privacy?
a. "victimless crimes" against public decency b. sex crimes c. aggravated assault crimes d. Homicides