Industry WIKI

Anti–money laundering (AML) refers to a set of laws, regulations and institutional practices designed to help financial institutions and other regulated entities prevent, detect, and report money laundering and related financial crime. (Anti–money laundering is sometimes paired with combating the financing of terrorism, using the initialism AML/CFT.) In addition to regulatory and supervi

The appearance of corruption is a principle of law mentioned in, or relevant to, several U.S. Supreme Court decisions related to campaign finance in the United States.

A black market is a clandestine market or series of transactions that has some aspect of illegality within a legal jurisdiction; it may also not be compliant with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution are prohibited or restricted by law, non-compliance with the rule constitutes a black-market trade since the tra

Corruption is a form of dishonesty or a crime that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities like bribery, influence peddling, embezzlement, and fraud as well as practices that are legal in many countries, such as lobbying. Political corruption occu

The Corruption Perceptions Index (CPI) is an index published annually by Transparency International, a German registered association, since 1995. It scores and ranks countries by their perceived levels of public sector corruption, as assessed by experts and business executives. The CPI generally defines corruption as an "abuse of entrusted power for private gain".

Cronyism is awarding positions, jobs, contracts, loans, privileges, or advantages to friends or colleagues. It is used especially in politics, when referring to partiality between politicians and businesses. A person who supports or partakes in cronyism is referred to as a crony, cronie, or cronyist.

Cryptocurrency has been used extensively in criminal activities, such as investment and romance scams (often called "pig-butchering"), ransomware payments, thefts and exchange hacks, money laundering and sanctions evasion, darknet-market transactions, and off-chain coercion to obtain private keys. Law enforcement notes that investment fraud and laundering are frequent criminal uses of cr

Economics of corruption deals with the misuse of public power for private benefit and its economic impact on society. This discipline aims to study the causes and consequences of corruption and how it affects the economic functioning of the state.

Electricity as the Dominant Force in the World is an 1896 United States five-dollar silver certificate. It is of the US large-size variety measuring 7.375 in (187.3 mm) by 3.125 in (79.4 mm). The note is one of three notes that are part of the "Educational Series". As a result of the nudity portrayed on the obverse and other controversies, the note was replaced in 1899.

Embezzlement (from Anglo-Norman, from Old French besillier ("to torment, etc."), of unknown origin) is a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most commonly over a period of time.

An FHA insured loan is a government-backed loan designed to help a broader range of Americans—particularly first-time homebuyers—achieve homeownership with more flexible credit, income, and down payment requirements than conventional loans. Offered through FHA-approved lenders and insured by the Federal Housing Administration, these loans are widely used today as a practical and accessib

goAML system is a software solution that has been developed in a manner to incorporate a set of processes and analyze reports about potential suspicious transactions and to classify financial transactions of any type. It is designed as a robust mechanism to capture automated data collection, document management, workflow, and statistical requirements conveniently for the decision-making

The history of nicotine marketing stretches back centuries. Nicotine marketing has continually developed new techniques in response to historical circumstances, societal and technological change, and regulation. Counter marketing has also changed, in both message and commonness, over the decades, often in response to pro-nicotine marketing.

International asset recovery is any effort by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may include monies in bank accounts, real estate, vehicles, arts and artifacts, and precious metals. As defined under the United Nations Convention against Corruption, asset recovery refers to recovering the proceeds of corruption, rather than br

Jurisdictional arbitrage is the practice of taking advantage of discrepancies between competing legal jurisdictions. It takes its name from arbitrage, the practice in finance of purchasing a good at a lower price in one market and selling it at a higher price in another. Just as in financial arbitrage, the attractiveness of jurisdiction arbitrage depends largely on its transaction costs,

Kleptocracy is a form of government in which those in power use their position to steal or exploit national resources for personal gain.

The Ministry of Finance and Economy (MOFE; Korean: 재정경제부) oversees the financial policies of the Government of the Republic of Korea. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Koo Yun-cheol. The headquarters is in the Sejong Government Complex in Sejong City.

The Ministry of Science, ICT and Future Planning (MSIP; Korean: 미래창조과학부) was a ministry of the Government of South Korea. Its purpose is to set, manage, and evaluate science and technology policy, support scientific research and development, develop human resources, conduct R&D leading to the production and consumption of Atomic power, plan national informatization and information protec

Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money), and converting the funds into a seemingly legitimate source. As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become the subject of prominent p

An offshore financial centre (OFC) is defined as a "country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy."

Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are used to pay less tax in many countries by large and small-scale investors. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally acquired money from law enforcement in the inv

Progressive capitalism is an economic framework within fiscal progressivism that pairs government intervention with competitive markets to foster economic growth while mitigating inequality through targeted public policies. It combines market-driven innovation with targeted government investment in education, infrastructure, and healthcare, while establishing public alternatives in essen

Reference re Pan‑Canadian Securities Regulation, 2018 SCC 48 is a landmark decision of the Supreme Court of Canada, dealing with the Canadian doctrine of cooperative federalism and how it intersects with the power of the Parliament of Canada over trade and commerce, as well as discussing the nature of parliamentary sovereignty in Canada.

Reference Re Securities Act [2011] 3 S.C.R. 837, 2011 SCC 66 is a landmark opinion of the Supreme Court of Canada to a reference question posed on the extent of the ability of the Parliament of Canada to use its trade and commerce power.

Rent-seeking is the act of growing one's existing wealth by manipulating public policy or economic conditions without creating new wealth.

In accounting, a slush fund is a monetary fund or account used for miscellaneous income and expenses, particularly when these are corrupt or illegal. Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes. Slush funds may be employed by government or corporate officials in efforts to pay influential people discreetly in return for preferen

Socially responsible investing (SRI) is any investment strategy which seeks to consider financial return alongside ethical, social or environmental goals. The areas of concern recognized by SRI practitioners are often linked to environmental, social and governance (ESG) topics.

A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for non-domiciled investors, even if the official rates may be higher.

The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke is a 2004 popular nonfiction book by Elizabeth Warren and her daughter Amelia Warren Tyagi. The book examines the causes of increasing rates of personal bankruptcy and economic insecurity in American households. It was reissued in 2016.

The United Nations Convention Against Corruption (UNCAC) is the only legally binding international anti-corruption multilateral treaty. Negotiated by member states of the United Nations (UN) it was adopted by the UN General Assembly in October 2003 and entered into force in December 2005. The treaty recognises the importance of both preventive and punitive measures, addresses the cross-b