Question: Is Drug Trafficking A Predicate Offence?

What is a predicate Offence Canada?

Tax Evasion as a Predicate Offence.

As stated in the Criminal Code, the proceeds of crime being concealed must relate to a ‘designated offence’ (predicate offence), which is any offence that may be prosecuted as an ‘indictable offence’ under the Criminal Code or any other federal penal statute..

Is tax evasion a predicate Offence?

Tax evasion is a predicate offence for money laundering under these standards. That means that implementing the FATF standards supports efforts to stop tax evasion. The FATF does not set the global standards for tax crimes or other crimes.

What are the three main money laundering Offences?

What are the main Money Laundering offences? There are three principal offences – concealing, arranging and acquisition / use / possession. Concealing is where someone knows or suspects a case of money laundering, but conceals or disguises its existence.

In a legal sense, the term predicate means to base something, such as a fact, statement, or action, on another thing. For instance, a person may agree to give a crate of baseball bats to the local little league, predicated on (or based on) a parent’s withdrawal of a lawsuit.

What are examples of predicate Offences?

These include bribery, blackmail, extortion, fraud, theft, money laundering, counterfeiting, and illegal gambling. Crimes are predicate to a larger crime if they have a similar purpose to the larger crime.

How many predicate Offences are there?

twenty eight predicate offencesThere are twenty eight predicate offences of money laundering declared by Bangladesh Bank.

Is smuggling a predicate Offence?

The expanded list of 6AMLD predicate offenses now includes cybercrime and environmental crime. 6AMLD also harmonizes the definition of other predicate offenses, including: Human trafficking/smuggling. … Tax crime.

What are the 5 basic money laundering Offences?

5 Basic Money Laundering OffencesConceals criminal property.Disguises criminal property.Converts criminal property.Transfers criminal property.Removes criminal property from the UK.Enters into an arrangement which he/she suspects facilitates the control of criminal property by or on behalf of another person.Acquires criminal property.More items…•

What are the 3 stages of money laundering?

There are usually two or three phases to the laundering:Placement.Layering.Integration / Extraction.