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M.P.B.A. matrícula
Curva enzimática

Glossary entry

Spanish term or phrase:

captación ilegal de dinero

English translation:

illegal acquisition of money

Added to glossary by Edward Tully
Nov 13, 2013 10:38
10 yrs ago
9 viewers *
Spanish term

captación ilegal de dinero

Spanish to English Bus/Financial Finance (general) Money laundering
Recientemente, el vicefiscal general de la Nación, Fernando Pareja Reinemer, ordenó el traslado a Bogotá del proceso penal que, bajo los cargos de captación ilegal y lavado de activos, estaba radicado en la Fiscalía 19 seccional de Manizales
Proposed translations (English)
4 +3 illegal acquisition of money
5 +4 illegal deposit-taking
4 +1 unlawful receipt of money
4 defalcation (skimming)
4 Illegal fundraising
3 -1 illegal seizure of money
Change log

Nov 18, 2013 09:54: Edward Tully Created KOG entry

Discussion

Phoenix III Nov 13, 2013:
AllegroTrans Captación means in this context the luring or (cash) fundraising of investors under false pretenses. It is not specified because everyone knows what it means . You just don't show up with a car saying that that's your monthly payment for your pyramid scheme. Just a classic example.
philgoddard Nov 13, 2013:
Here is the context Which I believe supports patinba's answer. The paragraph slightly misquoted by the asker is just above the headline reading "juegos riesgosos". The article is about unlicensed deposit takers stealing money from greedy or gullible investors by offering unrealistically high rewards. I don't feel that "illegal acquisition of money" covers it - that could include things like burglary.
http://www.dinero.com/edicion-impresa/finanzas/articulo/mesa...
Luciano Gomide Varela Nov 13, 2013:
Thoughts on the term "skimming" From an article in WikiPedia:

http://en.wikipedia.org/wiki/Skimming_(fraud)

Note that this article is about cash skimming. There is a specific form of skimming called credit card skimming, ATM skimming, and other variants that use electronic devices to deviate money from funds sources.

Example and definition as follows (just as reference):

http://www.nytimes.com/2004/02/29/world/hussein-s-regime-ski...

http://www.businessdictionary.com/definition/skimming.html
patinba Nov 13, 2013:
There are two "cargos" One is illegal deposit taking (Captación ilegal) and the other is asset laundering.
Eliza Ariadni Kalfa Nov 13, 2013:
Same here, AllegroTrans - that was confusing - that's why I included 'assets' as well as part of my answer below.
AllegroTrans Nov 13, 2013:
Aasker where is "dinero" in your text? I can only see "activos"

Proposed translations

+3
13 mins
Selected

illegal acquisition of money

Or assets, depending on your text.

http://poorbuthappy.com/colombia/post/warrant-issued-for-mur...

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Note added at 14 mins (2013-11-13 10:52:54 GMT)
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regime (Shah, 2007). ...... New York, NY: Columbia University. Press. Strauss ...


[DOC]
Fine Courses - guezouri



www.guezouri.org/Ens/...F/Anglais_Rhidha.doc‎


Traducir esta página
Money laundering refers to the process of concealing financial transactions. .... Extortion is a crime which involves the illegal acquisition of money, property, or favors ...... States, and two of these flights, the Challenger and Columbia, were lost.

[PDF]
International Classification of External Causes of Injuries ... - RIVM



www.rivm.nl/who-fic/ICECI/ICECI_1-2_2004July.pdf‎



02/07/2004 - Alberto Concha-Eastman, Universidad del Valle, Cali, Colombia ...... 7.02.98. Other specified cleaning or laundering appliance or tool. Excludes: ...... Illegal acquisition or attempted illegal acquisition of money or property. 3.

[PDF]
The Odious Debt System - USF Scholarship Repository - University ...



repository.usfca.edu/cgi/viewcontent.cgi?article...‎


Traducir esta página
de A Hanauer - ‎2012
14/12/2012 - every continent since the beginning of civilization: they steal money from their ..... “The World Bank and the IMF in Sub-Saharan Africa” published in Columbia ..... This is often done to launder the ...... power constitutes a veritable exchange instrument, convertible into illegal acquisition of money or other.


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Note added at 12 hrs (2013-11-13 22:51:17 GMT)
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Given this specific case, it is hard to believe that "illegal deposit-taking" could possibly be the charge...
Peer comment(s):
agree Andrew Bramhall : Yes, the illegal acquisition of money and assets;
13 mins
Many thanks Oliver! ;-)
agree nweatherdon : that the money was not earned by strictly legal means, is the idea I get from the original text. And this is best represented by this option, imo
3 hrs
Many thanks! ;-)
agree AllegroTrans
6 hrs
Many thanks! ;-)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you very much."
-1
6 mins

illegal seizure of money

If "activos" as in your sentence, then illegal seizure of assets
Reference:

http://www.examiner.com/article/police-engage-illegal-seizures-of-money-illegal-stings-and-other-acts

http://criminal.findlaw.com/criminal-rights/illegal-search-and-seizure-faqs.html

Peer comment(s):
disagree Andrew Bramhall : illegal seizure by other criminals?
19 mins
neutral AllegroTrans : Is laundered money necessarily "seized"? (except in the case of armed robbery)
4 hrs
Something went wrong...
+1
14 mins

unlawful receipt of money

Usual way of expressing the act of obtaining the money before laudering it.
Peer comment(s):
agree Faye Stewart (Hathaway Green Ltd.) (X)
3 hrs
thanks
neutral Luciano Gomide Varela : This is far too restrictive as well. One may receive money, steal, hide, as well as intermediate, as an active or passive subject.
4 hrs
money is "illegally received" if it resullts from fraud, theft, hiding, false accounting and even armed robbery - this surely is a "wide" term?
Something went wrong...
1 hr

defalcation (skimming)

This is the legal term for this type of crime, but it should be considered according to the context, since suggestions from other peers may also be applicable.

It's a misappropriation of funds, whether it is from a business or any money stream where the person is able to skim funds out of it.

The phrase would read something like "skimming and money laundering".

Please see reference.
Reference:

http://en.wikipedia.org/wiki/Skimming_(fraud)

Peer comment(s):
neutral nweatherdon : skimming is not the only way to illegally get your hands on money. For example, selling bananas on the international black market would be illegal, and you would have to launder that money to avoid paying taxes on it.
2 hrs
Indeed, that's why I mentioned about the context. From the small stretch shown in the question, it looks like a financial crime.
neutral AllegroTrans : This is far too restrictive// as far as I am aware "skimming" is a specific type of credit card crime invloving the "lifting" of pin numbers - a very restrictive example imo
2 hrs
Strange thing is that your definition is far too restrictive as well. Wondering what the difference is...
Something went wrong...
3 hrs

Illegal fundraising

In order to receive money one must solicit money. Fundraising covers both aspects and involves the cash transaction as well.
Reference:

http://www.thefreedictionary.com/fundraising

http://news.xinhuanet.com/english/china/2013-04/27/c_124637967.htm

Peer comment(s):
neutral AllegroTrans : So what about other varieties of fraud and theft?
2 hrs
I am answering the question: "captación ilegal de dinero" strictly as stated.
Something went wrong...
+4
48 mins

illegal deposit-taking

The crime is the unauthorised taking of money from the public in unsupervised financial transactions by illegal money desks, for example.

Colombia: Financial System Stability Assessment - Google Books Result
books.google.co.uk/books?isbn=1475525362
International Monetary Fund. Monetary and Capital Markets Department - 2013 - ‎Business & Economics
The powers with regards to the declaration of illegal deposit taking and the intervention of establishments engaging in such activities were strengthened after the ...

Raids on Illegal Deposit Taking Operators - BNM Press Statements
www.bnm.gov.my/index.php?ch=en_press&pg=en_press...‎
Raids on Illegal Deposit Taking Operators. Investigating officers of Bank Negara Malaysia (BNM) have today successfully conducted raids based on public ..

Transforming Microfinance Institutions: Providing Full Financial ...
books.google.co.uk/books?isbn=0821366165
Joanna Ledgerwood, ‎Victoria White - 2006 - ‎Political Science
Although it is difficult to assess to what extent illegal deposit-taking took place, undoubtedly a number of MFIs took deposits from the public for on-lending ...

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Note added at 3 hrs (2013-11-13 14:25:37 GMT)
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Some Spanish references that confirm that deposit-taking is involved:

LA CAPTACIÓN ILEGAL DE DINERO Y EL LAVADO DE ... - Felaban
www.felaban.com/coplaft/.../nexos_coplaft.pdf‎
Translate this page
LA CAPTACIÓN ILEGAL DE DINERO Y EL LAVADO DE ACTIVOS. “Quien no conoce la historia está condenado a repetirla”. Anónimo. Director: Dr. Luis ...

Tenga cuidado con las captadoras ilegales de dinero
www.hsbnoticias.com/vernoticia.asp?WPLACA=48606‎
Translate this page
Algunos casos de captación. Así mismo, Londoño explica que captadora ilegal es todo aquella persona o empresa que recibe dinero de particulares bajo la ...
Peer comment(s):
neutral AllegroTrans : How is illegal depsit taking the only means of "getting" dirty money in the context of the ST?
3 hrs
Where do you get that from?
agree Billh : I am pretty sure this is the correct term.
3 hrs
Thanks, Bill!
agree philgoddard : Your last reference persuaded me!
5 hrs
Thanks Phil!
agree Charles Davis : Since this is evidently about the Colombian pyramid scam, I think this is the right term. After all, "captación" is a narrower term than receiving or acquisition.
7 hrs
Indeed. Many thanks, Charles.
agree Luciano Gomide Varela : Perfect. The article in the discussion says it all.
7 hrs
Obrigado, amigo! It does provide confirmation.
Something went wrong...
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