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wat is money laundering? wat r kickbacks,any examples?
18Jun2008 Filed under: CorporationsQuestion:
wat is money laundering? wat r kickbacks,any examples?
Answer:
The earlier example of money laundering is close, basically it is taking money (from illegal activities) and putting it into circulation in legitimate ways. To help erase the trail back to the illegal actiivty.
Kickbacks are “gifts/rewards” given to someone who helps another person/company win a competitive contract for business. Simple example is say you run a business that sells magazines. You only have space on your shelves for 20 magazines. In order to make sure that I am one of the magazines, I may offer to take you on a golf outing in Scotland, free of charge. That would be an example.
Resource related business question and answer:
Federal Bureau of Investigation - 2006 Financial Crime Report
... Fraud, Insurance Fraud and Money Laundering. Although Public Corruption is a national ... For example, a claim for payment for an ... Kickbacks ? A health care provider or other ...FY2007 Examples of Money Laundering Investigations
The following examples of money laundering ... for mail fraud and money laundering. Butera?s scheme began by paying kickbacks in ... to engaging in a money laundering ...People Also View other Questions
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