Active words and word combinations: Unit 1 fraud in economic, financial and consumer spheres

Section 1

DEFINITION OF FRAUD

personal gain, hoaxes,

forged objects, theft by deception, misrepresentation, result of accident or negligence, alleged victim,

to base upon, plaintiff, cancellation of the contract, commercial fraud, consumer fraud, confidence tricks, identity theft, securities fraud, suppression of documents,

tort.

Section 2

FRAUD IN ECONOMIC SPHERE

petty pilfering, to involve, to carry out, increasingly avoid, payment of duty, to ship, freight forwarder, goods for consumption, consignor, consignee, to reclaim, customs duty loss, to absolve, to relinquish from responsibility, to ship, to forward, place of destination, port of entry, to tow, hauler, to divert, counterfeit stamps, to mislead, to become aware of smth.

Section 3

FRAUD IN CONSUMER SPHERE

to be swindled, to be victimized, to convince, inventories, sub- distributorships, recruit, investment, misappropriation, to trap, solicit donations, slick advertising, to misrepresent, utility

Section 4

FRAUD IN FINANCIAL SPHERE

imposter, foolproof, outgoing mail, dumpster dive, to accomplish ones needs.

wallets, purses, monthly bills

Section 1

DEFINITION OF MONEY LAUNDERING

to conduct a survey,

to combat, predicate crime, tax evasion,

illicit/ legitimate income, transactions, conversion, transfer of property, to disguise, to evade the consequences, concealment, drug trafficking, to facilitate,

to contaminate, constant pursuit of profits,

tipping off,

to create the impetus for smb.

Section 2

PROCESS AND METHODS OF MONEY LAUNDERING

to

be accomplished, placement, layering, integration,

to conceal,

to maintain,

to shrink,

to be smuggled out, the location of acquisition, asset forms, concealment, audit trail,

to disassociate, offshore bank, shell companies, wire transfers, stock, anonymity, to be assimilated with, to verify, the shelf banks,

loan.

Section 3

MONEY LAUNDERING TRENDS IN THE EUROPEAN UNION

illicit proceeds, tangible assets, rapid succession, real estate, bulk cash, straw men, accountancy, to eliminate, to undertake, to earn interest, bureaux de change, gambling houses, stockbroker, to reveal, bond sector, white collar criminals, threshold, smurfing, wire transfer, to disclose /disclosure, precious metal.

Section 4

BRIBERY

AND CORRUPTION

to condemn bribery, to proliferate, to succeed in, to curb, to suffer the consequences, widespread, to undermine, to amass, spectacular, embezzlement, selfishness, greed, to inflict, discretion, checks and balances, to weed out , transparency, to disclose, incentive, to gain benefits.