A wealthy individual is using a complex corporate structure to facilitate illegal logging and then illegal mining of the resulting resources from that land. Which category of predicate crime is taking

The correct answer is D. Environmental crime. The CAMS 6th Edition specifically lists environmental crime as a predicate offense for money laundering. Environmental crimes include activities such as illegal logging, illegal mining, and illegal trade in wildlife. "Environmental crime, including illegal logging and mining, is

Risks and Methods of Money Laundering and Terrorist Financing

Question

A wealthy individual is using a complex corporate structure to facilitate illegal logging and then illegal mining of the resulting resources from that land. Which category of predicate crime is taking place?

Options

ATrade-based money laundering
BCorruption
CIllicit resource trade
DEnvironmental crime

How the community answered

(23 responses)

A
4% (1)
B
4% (1)
C
9% (2)
D
83% (19)

Explanation

The CAMS 6th Edition specifically lists environmental crime as a predicate offense for money laundering. Environmental crimes include activities such as illegal logging, illegal mining, and illegal trade in wildlife. "Environmental crime, including illegal logging and mining, is recognized as a predicate offense to money laundering. Such crimes often involve complex corporate structures to hide the illicit origin of the proceeds."

Topics

#environmental crime#predicate offenses#illegal resource extraction#corporate structures

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