C&S - Bite size update - Money Laundering (theory only!)
CHES&STAFF01
Registered Posts: 107 Dedicated contributor 🦉
30th March 2011
AGM & Money Laundering – The Theory
Money Laundering is defined as the practice of disguising the origins of illegally-obtained money. Ultimately, it is the process by which the proceeds of crime are made to appear legitimate. The money involved can be generated by any number of criminal acts, including drug dealing, corruption, accounting and other types of fraud, and tax evasion. The methods by which money may be laundered are varied and can range in sophistication from simple to complex.
This topic is always a tricky one to publicise – there is always the comment about whether you are trying to show someone how to money launder or how to deter them !
Our speaker Trevor Faulkner definitely deterred us – with a jail sentence of 14 years if found guilty or a shorter sentence if found guilty by association it shows that crime does not pay.
More information on this subject can be found at www.hmrc.gov.uk/nav/laundering
AGM & Money Laundering – The Theory
Money Laundering is defined as the practice of disguising the origins of illegally-obtained money. Ultimately, it is the process by which the proceeds of crime are made to appear legitimate. The money involved can be generated by any number of criminal acts, including drug dealing, corruption, accounting and other types of fraud, and tax evasion. The methods by which money may be laundered are varied and can range in sophistication from simple to complex.
This topic is always a tricky one to publicise – there is always the comment about whether you are trying to show someone how to money launder or how to deter them !
Our speaker Trevor Faulkner definitely deterred us – with a jail sentence of 14 years if found guilty or a shorter sentence if found guilty by association it shows that crime does not pay.
More information on this subject can be found at www.hmrc.gov.uk/nav/laundering
0
Comments
-
Sorry but the page that links to cannot be found or has been moved!
Would love a user friendly link from anyone to this topic.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership