Tag Archives: legal matters

Money Laundering

Money Laundering has become big business over the past several years. This type of business has been around for centuries, but in more recent times it has taken on an unprecedented dimension due to the global marketplace where businesses now operate in and the available technologies. It has become easier, to an extent, to launder money using various means. The internet has played a pivotal role in this business, giving launderers easy access and means to move their money around. But what is money laundering? Money Laundering is the “washing” of dirty money (money that is obtained by illegal means) by investing it in legitimate business operations or by placing it in financial institutions or other securities where it is “cleaned”. As the term “laundering” suggests, the money is washed, so to speak, i.e. it is made clean by investing it in legal and legitimate business operations.

Money can be laundered through banks; investments; acquisitions; purchase of assets like cars and houses; giving it to charity; over the internet; among other means. A prime example of money laundering is a criminal network obtaining cash through the sale of drugs and then using the money to fund a legitimate business, like a supermarket, or to purchase vehicles. This is with the hope that the money cannot be traced to their drug operations. So it would appear as if the money used to acquire these assets is “clean” as it is being used in operations that are not illegal. Money laundering through financial institutions is also a favourite of wrong doers. That is why such institutions the world over have had to institute policy changes to tackle the problem. In most cases, if cash movements in an account over a certain value and within a short period of time is observed, the fraud squad is called in to investigate. In any case, more and more ingenious ways of laundering money are being found everyday as it is big business.

Money laundering is illegal and those who are caught will be brought before the court of law and fined. Many launderers end up facing many years of jail time. It may seem to be profitable at first but the end result is not as nice.

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Why Insure – The Importance Of Insurance

Insurance is an important factor when it comes on to the protection of your property. In any business, there is a need that exists for vehicle insurance and property insurance. The cost of assets today makes insuring them a very wise investment. Insurance against theft, fire, floods, and other natural disasters makes sense especially if your business is located in areas where these occurrences are frequent. Can you imagine owning a multi-million dollar establishment in a hurricane prone area and not bothering to insure against hurricane and water damage? If your business got hit really hard, the cost to fix your building back up could run you under.

Many people try their best not to insure their assets. For one thing, it is illegal to drive a vehicle uninsured. The law however does not require businesses to be insured as the risk is the owners own. But the importance cannot be overstated. It is wise to insure, whether or not you have a lot at stake.

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Citizen’s Arrest

A Citizen’s Arrest is similar to when a police officer performs an arrest except for the fact that the person performing the arrest is a regular citizen. As with an arrest by a police officer too, the person who is being arrested must not have his human rights violated in any way. This means that the individual should not be made subject to being kicked, boxed, stabbed, stoned, or in any other way harmed physically. Of course, in extreme cases like self defense or defending someone else, there are times when injury may have to be inflicted on the individual being arrested by a citizen. In such cases, if the matter is brought before a court of law, the judge (and jury if it goes to trial) will have to weigh the circumstances around the injuries and rule accordingly.

What are some situations when a citizen’s arrest can be made? Here are a few:

1. Robber being apprehended when there is no police around.
2. Praedial larcenist caught in the act.
3. Anyone who engages in arson and is caught by citizens.
4. In self defense after being able to bring the attacker under control.
5. In the case of an accident where the offending party tries to escape from the scene of the accident.

There are a lot more situations that exist where a citizen or citizens have to act in the stead of a police officer to carry out an arrest. In any case, after the individual has been arrested, he/she must be taken to the nearest police station where officers will take the person into custody and also take statements from the person(s) who accosted the perpetrator and turned him/her in. The legal system will then pick up from there.

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What Is A Double Cross?

Have you ever been double crossed? Do you know someone has done some double crossing? As harmless as it may seem, it is a serious offence under the law. In fact, the person who does the actual double crossing has put himself in danger not only from the ones who he misleads but also from other persons who may not have been directly affected by the action. In retrospect, a Double Cross refers most usually to a betrayal. When you double cross someone, you are suggesting that you are their ally when you are in fact not. The phrase originates from the use of the word cross in the sense of foul play – a deliberate collusion to lose a contest of some kind.

According to Wikipedia, there are two possible situations where the phrase “double cross” can be used:

  1. A competitor participating in the fix who has agreed to throw their game instead competes as usual, against the original intention of their collaborators – one “cross” against another.
  2. Two opposing parties are approached, urging them to throw the game and back the other. Both parties lose out, and the perpetrators benefit by backing a third, winning party.

http://en.wikipedia.org/wiki/Double_cross

The outcome of a double crossing has been at times detrimental for the double crosser. Many movies that are shown on cable and in the theaters, even what is read in the newspapers, shows that may double crossers end up being killed or otherwise harmed by those whom they betrayed.

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Habeas Corpus

Habeas Corpus (derived from the Latin word meaning “you have the body”) is the name of a legal action or writ which detainees can use to seek relief from unlawful imprisonment. The writ of habeas corpus has through time been an important means for the safeguarding of individual freedom against arbitrary state action. Also known as the “Great Writ,” a writ of habeas corpus ad subjiciendum is a court order that is addressed to a prison official ordering that a prisoner be brought before the court so that the court can determine whether or not that person is serving a lawful sentence or should be released from custody. The prisoner, or some other person on his behalf, may petition the court or an individual judge for a writ of habeas corpus.

For example, if someone was arrested for allegedly littering the streets and knows he is innocent, then a writ of habeas corpus can be filed in court to seek the release of the prisoner. He (the prisoner) can petition on his own behalf or he can have someone do it for him. In court, or before a judge only, the defendant will have a chance to defend himself against being wrongly imprisoned so as to seek his release.

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