Financial regulationFinancial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law.
Medellín CartelThe Medellín Cartel (Cártel de Medellín) was a powerful and highly organized Colombian drug cartel and terrorist organization originating in the city of Medellín, Colombia that was founded and led by Pablo Escobar. It is often considered to be the first major "drug cartel" and was referred to as such; (a cartel) due to the organization's upper echelons and overall power-structure being built on a partnership between multiple Colombian traffickers operating alongside Escobar.
Global financial systemThe global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets.
Money launderingMoney laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In United States law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money.
Drug lordA drug lord, drug baron, kingpin, or narcotrafficker is a type of crime boss, who is in charge of a drug-trafficking network, organization, or enterprise. Such figures are often difficult to bring to justice, as they are normally not directly in possession of something illegal but are insulated from the actual trade in drugs by several layers of staff. The prosecution of drug lords is therefore usually the result of carefully planned infiltration into their networks, often using informants from within the organizations.