Predicate Offence

By ·

Predicate Offence
You are here:

A predicate offence is a crime that is a component of a more serious crime. For example, producing unlawful funds is the primary offence and money laundering is the predicate offence.

The term “predicate offence” is usually used in referenced to money laundering or terrrorism financing activities.

Related Post

 Credit Suisse Raided for Tax Evasion Probe in 5 Countries Switzerland's second-largest bank, Credit Suisse, has been raided on Thursday after a tip-off to Dutch prosecutors. The coordinated raids happened in, Netherlands, Britain, Germany, France and Australia. Dutch Anti-Fraud Agency, the FIOD, are "investigating dozens of people who are suspected of tax fraud and money laundering". Regulators and prose...
 Chinese Wall Chinese Wall, sometimes referred to as China Wall, is a barrier to prevent the communication of information for the purposes of avoiding conflicts of interest. For example, a "chinese wall" is put up to prevent sensitive corporate information from leaking, or prevent insider trading. For political reasons, a country may have a chinese wall, which m...
 Source of Wealth / Source of Funds (SOW / SOF) Source of Wealth (SOW) Refers to the origin of the customer's entire body of wealth.Examples of SOW:ownership of a business employment inheritance investmentsSource of Funds (SOF) Refers to the origin of the particular funds or any other monetary instrument which are the subject of the transaction between a Financial Instit...

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Be the first to know
We hate spam as much as you do