Defalcation is a financial crime that involves the embezzlement of property or funds by an individual entrusted with its custody or control.
Money laundering is the illicit process of disguising the profits of criminal activities as legitimate income. Involving multiple stages, including placement, layering, and integration, it aims to hide the origin, existence, or use of illicitly gained funds.
The practice of breaking down a large financial transaction into multiple smaller ones to avoid regulatory reporting. Used often in money laundering.
Minimizing tax liabilities illegally, typically by not disclosing taxable income or providing false information to tax authorities. It contrasts with tax avoidance, which is the legal practice of reducing tax liabilities through lawful means.
