FinCrimeTV Basics What is a predicate crime for money laundering purposes?
Suspicious activity reporting (SARs) depends on their being a predicate crime. So do prosecutions and, even, orders to surrender proceeds.
So what is a "predicate crime"? In this BASICS programme, Nigel Morris-Cotterill, a financial crime risk and compliance strategist since 1994 explains the origin of the term, its use, the confusion as to what crimes are included and international aspects that arise.
FinCrimeTV's Basics series is presented by Nigel Morris-Cotterill.
Morris-Cotterill has been a financial crime risk and compliance strategist since 1994 and was a solicitor in London before that. He is the author of several books, papers and many articles. He is available for consultancy and strategic discussions and training assignments and paid mentoring.
Morris-Cotterill is at https://www.countermoneylaundering.com
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