Which of the following is not typicaly considered a predicate offense for money laundering 1.insider trading 2.fraud 3.money laundering itself 4.tax evasion
Law
ScanSolve AI Answer
Money laundering itself is not typically considered a predicate offense for money laundering. A predicate offense is the underlying criminal activity that generates the illicit proceeds that are then laundered. Insider trading, fraud, and tax evasion are all examples of predicate offenses.
Was this helpful?
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
Got a different question?Ask your own question
More Law Questions
QWhich of the following punishments are applicable for a person committing the act of money…QIdentify and briefly define the following terms related to financial crime and ethics: Embezzlement…QWhat are forgery, graft, cybercrime, and usury, and what are examples of each?QThe practice of deliberately breaking down large cash transactions into smaller, less conspicuous…QWhat are the definitions and examples of financial crimes like embezzlement, capital flight…