First published at 19:40 UTC on July 25th, 2021.
President Trump Speech in Phoenix, AZ Trump Rally in Arizona
bribe (n.)
late 14c., "thing stolen," from Old French bribe "a gift," properly "bit, piece, hunk; morsel of bread given to beggars" (14c., compare Old Frenc…
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President Trump Speech in Phoenix, AZ Trump Rally in Arizona
bribe (n.)
late 14c., "thing stolen," from Old French bribe "a gift," properly "bit, piece, hunk; morsel of bread given to beggars" (14c., compare Old French bribeor "vagrant, beggar"), from briber, brimber "to beg," a general Romanic word (compare Spanish briba "vagrancy," Italian birbone "a vagrant"); Gamillscheg marks the French word as Rotwelsch, i.e. thieves' jargon. The whole group is of uncertain origin; old sources suggest it could be Celtic (compare Breton breva, Welsh briwo "to break") and akin to break (v.). Shift of meaning to "gift given to influence corruptly" is by mid-15c.
Money laundering is the process of changing large amounts of money obtained from crimes, such as drug trafficking, into origination from a legitimate source. It is a crime in many jurisdictions with varying definitions. It is a key operation of the underground economy.
In US law it is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property.
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