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Slush Fund
A slush fund is a fund or account that is not properly accounted, such as money used for corrupt or illegal purposes, especially in the political sphere. Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes. Slush funds may be employed by government or corporate officials in efforts to pay influential people discreetly in return for preferential treatment, advance information (such as non-public information in financial transactions), and other services. The funds themselves may not be kept secret but the source of the funds or how they were acquired or for what purposes they are used may be hidden. Use of slush funds to influence government activities may be viewed as subversive of the democratic process. In accounting, the term ''slush fund'' describes a general ledger account of commingled funds to which all manner of transactions can be posted, with debits and credits cancelling each other. Examples Richard Nixon's " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Corruption
Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain. Forms of corruption vary, but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise such as drug trafficking, money laundering, and human trafficking, though it is not restricted to these activities. Misuse of government power for other purposes, such as repression of political opponents and general police brutality, is also considered political corruption. Over time, corruption has been defined differently. For example, in a simple context, while performing work for a government or as a representative, it is unethical to accept a gift. Any free gift could be construed as a scheme to lure the recipient towards some biases. In most cases, the gift is seen as an intention to seek certain favors such as work promotion, tipping in o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glossary Of Nautical Terms (A-L)
This glossary of nautical terms is an alphabetical listing of terms and expressions connected with ships, shipping, seamanship and navigation on water (mostly though not necessarily on the sea). Some remain current, while many date from the 17th to 19th centuries. The word nautical derives from the Latin ''nauticus'', from Greek ''nautikos'', from ''nautēs'': "sailor", from ''naus'': "ship". Further information on nautical terminology may also be found at Nautical metaphors in English, and additional military terms are listed in the Multiservice tactical brevity code article. Terms used in other fields associated with bodies of water can be found at Glossary of fishery terms, Glossary of underwater diving terminology, Glossary of rowing terms, and Glossary of meteorology. This glossary is split into two articles: * terms starting with the letters A to L are at Glossary of nautical terms (A-L) * terms starting with the letters M to Z are at Glossary of nautical terms (M-Z). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crimes
Financial crime is crime committed against property, involving the unlawful conversion of the ownership of property (belonging to one person) to one's own personal use and benefit. Financial crimes may involve fraud (cheque fraud, credit card fraud, mortgage fraud, medical fraud, corporate fraud, securities fraud (including insider trading), bank fraud, insurance fraud, market manipulation, payment ( point of sale) fraud, health care fraud); theft; scams or confidence tricks; tax evasion; bribery; sedition; embezzlement; identity theft; money laundering; and forgery and counterfeiting, including the production of counterfeit money and consumer goods. Financial crimes may involve additional criminal acts, such as computer crime and elder abuse and even violent crimes such as robbery, armed robbery or murder. Financial crimes may be carried out by individuals, corporations, or by organized crime groups. Victims may include individuals, corporations, governments, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption
Corruption is a form of dishonesty or a criminal offense which is undertaken by a person or an organization which is entrusted in a position of authority, in order to acquire illicit benefits or abuse power for one's personal gain. Corruption may involve many activities which include bribery, influence peddling and the embezzlement and it may also involve practices which are legal in many countries. Political corruption occurs when an office-holder or other governmental employee acts with an official capacity for personal gain. Corruption is most common in Kleptocracy, kleptocracies, oligarchy, oligarchies, narco-states, and mafia states. Corruption and crime are endemic sociological occurrences which appear with regular frequency in virtually all countries on a global scale in varying degrees and proportions. Each individual nation allocates domestic resources for the control and regulation of corruption and the deterrence of crime. Strategies which are undertaken in order to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD Anti-Bribery Convention
The OECD Anti-Bribery Convention (officially Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is an anti-corruption convention of the OECD that requires signatory countries to criminalize bribery of foreign public officials. The convention is a legally binding international agreement that focuses on the supply side of bribery by criminalizing acts of offering or giving bribes to foreign public officials by companies or individuals. Its goal is to create a level playing field in the international business environment. A 2017 study found that multinational corporations that were subject to the convention were less likely to engage in bribery than corporations that were based in non-member states. A 2021 study found that the convention may increase bribery by firms from non-ABC member countries and lead firms in ABC member countries to shift to bribery through intermediaries in non-ABC member countries. History In 1989, the OECD ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Anti-Corruption Academy
The International Anti-Corruption Academy (IACA) is an international intergovernmental organization based in Laxenburg, Austria that teaches government officials and professionals about anti-corruption measures. Membership to the organization is, without a mandatory membership fee, open to UN-member states and intergovernmental organizations. History The process of creating an International organization focusing on anti-Corruption education dates back to the year 2005, when an Interpol-working group started to discuss such endeavor and was firstly raised publicly in 2006 at an Interpol General Assembly. IACA was launched in 2010 by the United Nations Office on Drugs and Crime, Interpol, the European Anti-Fraud Office (OLAF), the Republic of Austria, and other stake-holders to help implement the UN Convention against Corruption. On March 8, 2011, IACA gained the status of an international organization. As of 2013, 61 countries had signed the IACA membership agreement, and 38 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 37001
ISO 37001 ''Anti-bribery management systems - Requirements'' with guidance for use, is a management system standard published by International Organization for Standardization (ISO) in 2016. As the title suggests, this standard sets out the requirements for the establishment, implementation, operation, maintenance, and continual improvement of an anti-bribery management system (ABMS). It also provides guidance on the actions and approaches organizations can take to adhere to the requirements of this standar This management system standard has been developed by ISO Project Committee ISO/PC 278, Anti-bribery management system More recently, technical committee ISO/TC 309 Governance of organizations has been created and the maintenance and future development of ISO 37001 will be undertaken by members of this committe An anti-bribery management system intends to help organizations in the fight against bribery, by establishing the procedures, policies and controls that help fos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tallow
Tallow is a rendered form of beef or mutton fat, primarily made up of triglycerides. In industry, tallow is not strictly defined as beef or mutton fat. In this context, tallow is animal fat that conforms to certain technical criteria, including its melting point. Commercial tallow commonly contains fat derived from other animals, such as lard from pigs, or even from plant sources. The adjacent diagram shows the chemical structure of a typical triglyceride molecule. The solid material remaining after rendering is called cracklings, greaves, or graves. It has been used mostly for animal food, such as dog food. In the soap industry and among soap-making hobbyists, the name tallowate is used informally to refer to soaps made from tallow. Sodium tallowate, for example, is obtained by reacting tallow with sodium hydroxide (lye, caustic soda) or sodium carbonate (washing soda). It consists chiefly of a variable mixture of sodium salts of fatty acids, such as oleic and pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salt-cured Meat
Salt-cured meat or salted meat is meat or fish preserved or cured with salt. Salting, either with dry salt or brine, was a common method of preserving meat until the middle of the 20th century, becoming less popular after the advent of refrigeration. It was frequently called "junk" or "salt horse". One early method of salt-curing meat was corning, or applying large, coarse pellets of salt, which were rubbed into the meat to keep it from spoiling and to preserve it. This term originates from Old English and references the large corns or grains of salt used (see wiktionary:corn). Corned beef retains this name, although it is typically brined today. Salt inhibits the growth of microorganisms by drawing water out of microbial cells through osmosis. Concentrations of salt up to 20% are required to kill most species of unwanted bacteria. Smoking, often used in the process of curing meat, adds chemicals to the surface of meat that reduce the concentration of salt required. Salt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yellow Grease Yellow grease, also termed used cooking oil (UCO), used vegetable oil (UVO), recycled vegetable oil, or waste vegetable oil (WVO), is recovered from businesses and industry that use the oil for cooking. It is used to feed livestock, and to manufacture soap, make-up, clothes, rubber, and detergents. Due to competition from these other industrial sectors, the EIA estimates that less than a third of yellow grease could be spared for biodiesel production annually. It is distinct from brown grease; yellow grease is typically used frying oils from deep fryers, whereas brown grease is sourced from grease interceptors. |
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