TransformYourFuture-Proficient-Unit1-Vocabulary

• What is the correct definition for: Embezzlement

• • The process of making large amounts of money generated by a criminal activity appear to be earned legitimately.

• • The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.

• • Misappropriation of funds placed in one's trust or belonging to one's employer.

• • A form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

What is the correction definition for: Money Laundering

• Wrongful or criminal deception intended to result in financial or personal gain.

• The illegal nonpayment or underpayment of tax.

• Engaging in illegal business activities, typically as part of an organized crime syndicate.

• The process of making large amounts of money generated by a criminal activity appear to be earned legitimately.

What is the definition for: Fraud

• Wrongful or criminal deception intended to result in financial or personal gain.

• The act of adhering to laws, regulations, guidelines, and specifications relevant to business processes.

• Criminal activities carried out by means of computers or the internet, including identity theft, hacking, and online fraud.

• A step-by-step record by which financial data can be traced to its source.

What is the definition for: Forgery

• Misappropriation of funds placed in one's trust or belonging to one's employer.

• The act of falsely making or altering a document with the intent to defraud.

• The practice of obtaining something, especially money, through force or threats.

• The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Penalty or other means of enforcement used to provide incentives for compliance with the law.

• Sanction

• Extradition

• Prosecution

• Conviction

• A formal accusation initiating a criminal case, presenting the charges against the accused.

• • Prosecution

• • Indictment

• • Conviction

• • Sanctions

• A formal declaration by a judge or jury that someone is guilty of a criminal offense.

• • Extradition

• • Sanctions

• • Prosecution

• • Conviction

An independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

• White-collar crime

• Internal Audit

• Identity theft

• Extortion

A person or organization that tries to influence legislation, government policy, or public decisions on behalf of a particular interest group, company, or individual.

• Smuggler

• Politician

• Lobbyst

• Fraudster

Naive

• A person who illegally enters a building with the intent to commit theft or another crime.

• A person who deceives others, typically for financial gain.

• Someone who creates false documents, signatures, or works of art with the intent to deceive.

• Someone who is easily deceived or believes things at face value without critical analysis.