Financial Crime Terms
The act of persuading some to act in one's favor, typically illegally or dishonestly, by a gift of money or other inducement.
Bribe
Ironically, this 2013 film based on the true story of Jordan Belfort's penny stock scheme and rampant corruption at his firm Stratton Oakmont, was financed by proceeds from the 1MDB embezzlement scandal.
Wolf of Wall Street
Federal prosecutors charged this former FTX founder with foreign bribery alleging that he had instructed employees to pay $40m to Chinese officials to help unfreeze accounts maintained by FTX's sister company, Alameda Research.
Sam Bankman-Fried
This YouTuber-turned-prize fighter was among eight celebrities charged by the Securities and Exchange Commission (SEC) for touting a crypto asset without disclosing that they were being paid to do so.
Jake Paul
A set of guidelines financial institutions are required to follow that involve verifying the identity, suitability, and risks involved with maintaining a business relationship with a customer.
Know Your Customer (KYC)
In this Netflix series, Marty Byrde must launder $500m in 5 years in a sleepy community in rural Missouri to appease a drug boss.
Ozark
In 2012, this large British multinational bank agreed to pay $1.9B fine to regulators following charges that it had served as a middleman for Mexican drug cartels.
HSBC
This Grammy Award-winning Hip-Hop producer of the song "Staying Alive" settled charges with the Securities and Exchange Commission (SEC) for failing to disclose payments he received for promoting investments in Initial Coin Offerings (ICOs).
DJ Khaled
This government agency administers and enforces laws and regulations on US economic and trade Sanctions.
Office of Foreign Assets Control (OFAC)
This Meryl Streep-starrer is based on the Panama Papers document leak that exposed Panamanian law firm Mossack Fonseca's involvement in money laundering and corruption using fake trusts and shell companies based in tax havens.
The Laundromat
This New Jersey Real Housewife was sentenced to 15 months in prison in 2015 after pleading guilty to multiple counts of bank, mail, wire and bankruptcy fraud.
Teresa Guidice
A mandatory report that U.S. financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) on transactions (deposits and withdrawals) of $10,000 or more.
Currency Transaction Report (CTR)
Season 1 of this Netflix series on drug trafficking and money laundering chronicles the life of Colombian drug lord Pablo Escobar.
Narcos
This celebrity payed $1.26m in penalties to settle charges with the SEC for touting a crypto asset on social media without disclosing the payment she received for the promotion.
Kim Kardashian
A share that is owned by, and gives all rights to a person who holds the physical share certificate and whose ownership is not recorded on the company's books or an exchange.
In this 2008 superhero movie, the crime lords of Gotham turn to a Hong Kong CEO and then the Joker to funnel their illegally gotten funds.
The Dark Knight
In 1997, this former "Hollywood Madam" was sentenced to 37 months in prison for tax evasion and money laundering.
Heidi Fleiss