Illegalities – ACCA Corporate and Business Law (LW) (ENG)

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1. leorts says

   November 21, 2023 at 2:59 pm

   Thank you for your lecture. Who indeed has never accidentally made themselves guilty of literally laundering money in the washing?

   I think you explained failure to report, but forgot to explain tipping-off. It’s an interesting offence to me, so I’ll try my best. It is nothing related to leaving a generous amount of money to your waiter at the restaurant, like our American cousins do so well.

   It is more about warning a client, or any party suspected of ML, that you or your firm will be reporting them. Such a tip-off could entice them to physically relocate themselves to some island with much better weather than up here, or perhaps they could move their dirty money into a container proving very difficult to seize (cough cryptocurrency cough), in advance of the prosecutors showing up.

   Anyway, the legislator obviously does not want that to happen, and if it does happen, the court will bash the vengeful Hammer of Justice upon your head, in retaliation, for having tipped them off.

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   • MikeLittle says

     November 22, 2023 at 8:32 am

     Did I really overlook an explanation for tipping off? Anyway, thank you for your elucidation and enlightenment. I had previously thought that the expression related to the act of Ronnie O’Sullivan changing the end of his snooker cue as a result of the tip having broken away from the shaft

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2. MikeLittle says

   January 3, 2023 at 6:46 am

   You are very welcome

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3. Mustafy says

   January 3, 2023 at 3:53 am

   Thank You, Sir.

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4. asher2019 says

   November 17, 2020 at 8:35 am

   Thanks for this one.

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