CFFE Module II
Law Related to Fraud glossary
Every term this guide defines, A to Z, each with the chapter that teaches it. Open it when a word in a question is unfamiliar, and test yourself on it in the last week: cover the definition and say it in one sentence.
3 terms from the free first chapter
C
- Corruption (legal sense)
The abuse of entrusted power for private gain; ACECA does not define 'corruption' with a single sentence but by reference to a list of specific offences (the chapter on statutes sets out sections 40 to 47A), so that in Kenyan law 'corruption' is, precisely, any conduct falling within that defined list, together with bribery under the Bribery Act, 2016.
Taught in Introduction to fraud
F
- Fraud (legal sense)
Intentional deception resulting in loss to a victim or gain to the perpetrator; unlike corruption, fraud in the general sense has no single defining statute in Kenya and is instead prosecuted under whichever specific offence the scheme fits, theft, obtaining by false pretences or forgery under the Penal Code, or a sector-specific offence (tax, securities, procurement) depending on where it occurred.
Taught in Introduction to fraud
W
- White collar crime
Non-violent crime committed for financial gain, typically by a person in a position of trust, professional standing or organisational authority; the umbrella term under which corruption and fraud sit as the two most heavily examined species in this diploma, alongside money laundering, tax evasion and securities fraud.
Taught in Introduction to fraud
The full glossary adds every term from the other 9 chapters, A to Z, each with the chapter that teaches it.