. Money Laundering: What It Is and How to Prevent It What are the effects of money laundering? The effects of money laundering include: 1. Enabling criminals to profit from their illegal activities 2. Facilitating the funding of terrorism and other criminal activities 3. undermining the integrity of the financial system 4. distorting competition in … Read more
Disgorgement is a remedy available to courts in civil litigation in which a wrongdoer is ordered to give up ill-gotten gains or profits that were obtained as a result of their wrongdoing. The purpose of disgorgement is to prevent unjust enrichment, deter future misconduct, and restore any victims of the wrongdoing. In order for a … Read more
Tied selling is the practice of selling a product or service as a condition of purchasing another product or service. Tied selling can be used to coerce consumers into buying products or services they may not want or need, and can inflate the price of goods and services. It is a form of tied trade … Read more
What is Racketeering? Racketeering is a term used to describe illegal or unethical activities conducted for financial gain. Examples of racketeering include bribery, money laundering, and fraud. What is racketeering and money laundering? Racketeering generally refers to criminal activities that are carried out as part of an ongoing enterprise, such as bribery, extortion, money laundering, … Read more
A void contract is a contract that is no longer valid or binding. This can happen for a number of reasons, including that the contract was never valid to begin with, or that it has been terminated by one of the parties. A void contract is different from a voidable contract, which is a contract … Read more
