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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 ...
Pickpocketing "Dandy PickPockets Diving: Scene Near St. James Palace" (1818) by I. R. Cruikshank. Pickpocketing is a form of larceny that involves the stealing of money or other valuables from the person or a victim's pocket without them noticing the theft at the time.
Extortion is a common law crime in Scotland of using threat of harm to demand money, property or some advantage from another person. It does not matter whether the demand itself is legitimate (such as for money owed) as the crime can still be committed when illegitimate threats of harm are used. [7] [8]
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.
bagman: a person or paymaster designated to collect or distribute illicitly gained money. barone: a baron or landlord. [3] books, the: a phrase indicating membership in the family. If there is a possibility for membership, then the books are open. If not, the books are closed. boss: the head of the family who runs the operation. [3]
Articles relating to theft, the taking of another person's property or services or scrap money without that person's permission or consent with the intent to deprive the rightful owner of it. [ 1 ] [ 2 ] [ 3 ] : 1092–3 The word theft is also used as an informal shorthand term for some crimes against property, such as burglary , embezzlement ...
In addition, the money that kleptocrats steal is diverted from funds earmarked for public amenities such as the building of hospitals, schools, roads, parks – having further adverse effects on the quality of life of citizens. [40] The informal oligarchy that results from a kleptocratic elite subverts democracy (or any other political format ...