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.
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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.
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Legal: nothing in this video is intended as or may be taken as legal advice.
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