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It thereby allowed black American legal claims to rescind the usurious land contracts (featuring over-priced houses and higher-than-market mortgage interest rates), as a discriminatory real estate business practice illegal under the Civil Rights Act of 1866, thus greatly reducing the profitability of blockbusting. Nevertheless, these regulatory ...
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.
Callers spoof the caller ID number of the victim's actual lending institution, swindling money from those seeking financial relief. FCC warns of 50-state scam by fraudsters posing as mortgage ...
[7] [10] The market for illegal drugs in the United States is large: the Drug Enforcement Administration estimates the annual profit from selling illegal drugs is $12 billion. [7] However, it has become harder for criminal organizations to launder drug money by means of the financial system; drug cartels have thus preferred bulk cash payments. [11]
The attorney general must only show “repeated fraudulent or illegal acts.” But the AP analysis, based on a search of reported 63(12) cases in legal databases LexisNexis and Westlaw, found that ...
Pierre breaks down how the Netflix action film exposes "the injustice of civil asset forfeiture." Warning: This article contains spoilers for Rebel Ridge.. Not everyone can kick ass like Aaron ...
In terms of section 2, "Money Laundering means – (i) knowingly moving, converting, or transferring proceeds of crime or property involved in an offence for the following purposes:- (1) concealing or disguising the illicit nature, source, location, ownership or control of the proceeds of crime; or (2) assisting any person involved in the ...