金融英语技能训练Lecture 13 Money laundering.pdfVIP

Lecture 13 Money Laundering 洗钱 Learning Objectives  Expand lecture-topic-related vocabulary  Take effective notes on the lecture  Retell information from notes  Accomplish listening tasks  Write an effective lecture summary  Expand reading into lecture topic  Translate an article into Chinese  Discuss topics related to money laundering Stage 1 Dictation 1. notorious 2. retrieve 3. luxurious 4. scheme 5. obscure 6. amount to 7. disguise 8. law enforcement 9. seize 10.trafficker 11.smuggler 12.embezzler 13.mobster 14.con artist 15.wire transfer 16.vary 17.yacht 18.smurf 19.hawalah 20.chop Stage 2 Listening Comprehension 1. Who was Ferdinand Marcos? 2. What is money laundering? 3. How do you describe the process of money laundering? 4. What is smurfing? 5. What are the two underground money laundering systems? 6. Who plays the most important part in anti- money laundering campaigns? Answers to Listening Comprehension 1. He was the president of the Philippines from 1965 to 1986. During his terms of office, he laundered billions of dollars of stolen public funds via banks in the United States and Switzerland. 2. Money laundering is the act of transforming profits earned from a criminal activity into legal profits. 3. Money laundering involves three stages: 1) placement, which involves the launderer putting the dirty money into a legitimate financial institution, 2) layering, which involves a series of complex financial transactions to hide the original source and ownership of the illegal funds, and 3) integration, which requires the dirty money, after being “washed”, to be reinvested into a legitimate bus