Financial Frauds and White-Collar Crimes Quiz

Illegally obtaining credit card information for fraudulent purposes.

A process used by financial institutions to verify the identity of their clients to prevent money laundering, fraud, and terrorist financing.

Promising investors high returns with minimal risk, often unsustainable and dependent on new investors' money.

Committing fraud or other non-violent crimes for financial gain, typically by professionals or individuals in positions of trust.

A set of regulations and procedures aimed at preventing the illegal process of concealing the origins of money obtained through criminal activities.

A process of disguising the proceeds of crime to make them appear legitimate.

Financial pressure or desperation can drive individuals to commit fraudulent acts.

Stealing funds or assets entrusted to one's care for personal use.

A fraudulent investment scheme where returns are paid to investors from their own money or the money of subsequent investors.

Reporting illegal activities within an organization to authorities for investigation and prosecution.

Falsely representing market activity or prices to deceive investors.

Depositing funds directly into a legitimate bank account is not a typical method for laundering money.

Fraudulently obtaining personal or financial information by posing as a legitimate entity in electronic communication.

Falsifying financial records to deceive investors, regulators, or the public about a company's financial health.

The SEC oversees securities markets to ensure fairness, transparency, and investor protection.

A corporate fraud involving accounting irregularities, leading to the bankruptcy of Enron and dissolution of Arthur Andersen.