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[1] [2] [3] The word theft is also used as a synonym or informal shorthand term for some crimes against property, such as larceny, robbery, [1] embezzlement, extortion, blackmail, or receiving stolen property. [2] In some jurisdictions, theft is considered to be synonymous with larceny, [4] [5] while in others, theft is defined more narrowly. [6]
Embezzlement (from Anglo-Norman, from Old French besillier ("to torment, etc."), of unknown origin) [1] is a term commonly used for 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 ...
The Financial Action Task Force on Money Laundering (FATF), which is recognized as the international standard setter for Anti-money Laundering (AML) efforts, defines the term "money laundering" briefly as "the processing of criminal proceeds to disguise their illegal origin" in order to "legitimize" the ill-gotten gains of crime.
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
Two days later, the police discovered a hoard of £8,601,990 in a lock-up garage in Southborough near to Rusha's home. The money was stuffed into eighteen laundry bags and suitcases. The garage was rented by a man who sublet it to Rusha's cousin, who was supposed to pay £10 rent every week but was two weeks behind. [2]: 240–242 [14] [18]
Hill confessed, implicating the five other robbers, and three other men who had assisted in laundering the money. [3] Pace was sentenced to 24 years in prison in 2001; Boyd was sentenced to 17 years, and the other four robbers received sentences ranging from 8 to 10 years. Two of the men who assisted in money laundering were sentenced to 2.5 years.
Money Heist (Spanish: La casa de papel, [la ˈkasa ðe paˈpel], lit. ' The House of Paper ') is a Spanish heist crime drama television series created by Álex Pina.The series traces two long-prepared heists led by the Professor (Álvaro Morte), one on the Royal Mint of Spain, and one on the Bank of Spain, told from the perspective of one of the robbers, Tokyo (Úrsula Corberó).
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, [1] was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh ...