Financial Crime Vocabulary

noun a fraudulent imitation of something else; a forgery

adjective made in exact imitation of something valuable with the intention to deceive or defraud

• The company was accused of selling counterfeit goods.
• I heard that they got caught selling fake stuff.
• They were busted for peddling knockoffs.
• His smile was so fake, it was like a counterfeit emotion.

noun the action or process of disgorging or being disgorged, especially of accumulated matter

• The court ordered the disgorgement of all profits gained through illegal activities.
• They had to give back all the money they made from doing something illegal.
• They were forced to cough up the cash they made from their shady dealings.
• The company had to 'vomit up' all the ill-gotten gains they had accumulated.

noun the act of enforcing or the state of being enforced; the carrying out of a law, rule, or obligation

• The enforcement of regulations is crucial for maintaining order in society.
• The police are responsible for enforcement of the law.
• The enforcers are cracking down on illegal activities in the neighborhood.
• The strict enforcement of deadlines ensures timely completion of projects.

noun a combination of the words 'banker' and 'gangster', used to describe someone involved in corrupt banking activities

• The government is cracking down on banksters who engage in illegal financial activities.
• I heard that bankster got caught for embezzlement.
• Watch out for those shady banksters trying to scam you.
• The bankster of Wall Street made off with millions before being caught.

verb to leave hurriedly and secretly, typically to avoid detection or arrest

• The suspect was caught absconding from the crime scene.
• I heard he's been absconding since last week.
• She's always absconding when it's time to do the dishes.
• His mind was absconding from reality as he delved deeper into his daydreams.