BUSINESS LAW – UNIT 11
WORLD BANKING SYSTEM IS A ‘MONEY LAUNDERERS’ DREAM’
Money laundering – fulis gaTeTreba, fulis legalizeba
‘Megabyte money’ = money which is moved around by computer – cashless transactions, electronic trading and
computerised clearing
Crooked = dishonest or illegal
Undercover = secret, covert; saidumlo, gadacmuli, SeniRbuli
Suspect – eWvmitanili
To lure = to tempt or attract by the promise of some type of reward
Alleged – eWvmitanili
Cartel = a group of similar independent companies who join together to control prices and limit competition
Seizure warrant – konfiskaciis orderi
To strike a blow – dartymis miyeneba
The Americas or America, are lands in the Western hemisphere, also known as the New World.
In the English language, the Americas refers to the landmasses of North America and South
America with their associated islands and regions, whereas America, in current usage, usually
refers to the United States of America.
To edit – redaqtireba, dasabeWdad momzadeba
Conservative estimate /ˈestɪmət/ – mokrZalebuli gamoTvla
Vintage – baraqiani, saukeTeso (vintage car – klasikuri manqana)
Ill-gotten = obtained dishonestly or illegally; ukanonod naSovni
Cashless = functioning, operated, or performed without using coins or banknotes for money transactions but
instead using credit cards or electronic transfer of funds; unaRdo
Clearing (a check) = processing a check so that funds are deducted from the payer's account and put into the
payee's account
Clearing bank = a commercial bank that is part of a network of banks that can clear checks for its clients
regardless of whether or not the check originates from the same commercial bank.
Wire transfer = an electronic transfer of funds. Wire transfers typically transfer money from one bank account
to another; fulis eleqtronuli gadaricxva
Volume of transactions – gadaricxvebis moculoba
Aggregate /ˈægrɪgət/ = total and combined
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Settlement = payment of money that is owed
Complicity – Tanamonawileoba
Corrupted – mosyiduli
To ensure = to make certain or sure; guarantee
Law enforcement officers – kanon aRmsrulebeli oficrebi
Have sth on one’s side – upiratesobis qona
In progress = taking place; under way
They risk discovery = they are in danger of discovery
Offshore = based or operating abroad in places where the tax system is more advantageous than that of the home
country
Lax = lacking firmness; not strict; susti, ara mkacri, daudevari
To disguise – SeniRbva
Shell company = non-trading firm formed (and often listed on a stock exchange) as a vehicle to (1)
raise funds before starting operations, (2) attempt a takeover, (3) for going public, or (4) as
a front (safari) for an illegal business.
Trust company = a commercial bank or other enterprise organized to perform trustee functions
Offshore trust = that is established in a jurisdiction different from where the trustor is domiciled.
Beneficiary = a person entitled to receive funds or other property under a trust, will, or insurance policy
Walking account = an account that can be easily moved at the first sign of any official enquiries
Standing – mudmivi, ucvleli
Tax avoidance – gadasaxadebisTvis Tavis arideba
Capital transfer = moving large amounts of money from one place to another
Infiltration = to gain entrance or access surreptitiously
Illicit = illegal
Nefarious = evil; wicked; sinful; arapatiosani, unamuso
Due diligence investigation – kompaniis finansuri mdgomareobis saimedoobis gamoZieba
Bulk cash – didi raodenobis Tanxa
Gambling chips = tokens (Jetoni) for playing in casinos
Lenient /ˈliːniənt/ = not as severe or strong in punishment or judgment as would be expected
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