Set the Scene:
Let’s start with some questions to connect your everyday life to the subject of money laundering and corruption. Have you ever wondered how some people accumulate wealth so quickly? Have you heard of any instances where politicians or influential individuals were involved in corrupt activities? How do you think money laundering affects the global economy? What role do you think international cooperation plays in preventing corruption and money laundering? How do you think we can make a difference in combating these issues?
Featured Image Analysis & Prediction:
Look at the featured image and describe what you see. What do you think this activity will be about based on this image? Do you think it’s related to finance, politics, or something else? What questions do you have about the image, and what do you think you will learn from this activity?
Introduction:
Please read the introduction to the activity, which discusses the significant problem of money laundering worldwide, accounting for 2-5% of global GDP. This translates to over half a trillion dollars flowing out of developing countries annually.
Video Engagement:
Watch the video Follow the Money: Why the World’s Poorest Countries Stay Poor? | Behind Closed Doors and pause at the following strategic points:
- When the video discusses the case of the Kenyatta family in Kenya, pause and reflect on the following questions: How do you think the family’s wealth accumulation affects the country’s economy? What role do you think politically exposed persons (PEPs) play in money laundering?
- When the video talks about the UK’s role in facilitating money laundering, pause and discuss: What do you think are the implications of the UK’s lack of a “failure to prevent money laundering” offense? How do you think this affects the global effort to combat money laundering?
- When the video highlights the importance of international cooperation in combating money laundering and corruption, pause and consider: What do you think are the challenges faced by developing countries in recovering stolen assets? How do you think international cooperation can help address these challenges?
For more information, visit the original post: https://maestrocursos.com.br/quizzed-esl-activities/follow-the-money-why-the-worlds-poorest-countries-stay-poor-behind-closed-doors/
Output Requirements:
Please ensure that you have completed all the tasks and reflected on the questions posed throughout the activity. Your output should demonstrate an understanding of the topic and the ability to think critically about the issues related to money laundering and corruption.
Key Vocabulary:
Review the key vocabulary related to money laundering and corruption, including terms such as “money laundering,” “politically exposed persons (PEPs),” “corruption,” “failure to prevent money laundering,” “mutual legal assistance,” “trust register,” “Financial Action Task Force (FATF),” “dirty money,” and “global GDP.”
Vocabulary Quiz:
Complete the vocabulary quiz to test your understanding of the key terms. Choose the correct answer for each question:
- Which term refers to individuals who hold prominent public positions and are at higher risk of being involved in money laundering due to their influence and access to large sums of money?
- A) Politically Influential Persons
- B) High-Risk Individuals
- C) Politically Exposed Persons (PEPs)
- D) Influential Business Leaders
- What percentage of global GDP is estimated to be accounted for by money laundering?
- A) 1-2%
- B) 5-10%
- C) 2-5%
- D) 10-15%
- In which country has the Al family privatized state banks and used them to loan money to major figures who deposit assets offshore?
- A) Pakistan
- B) Kenya
- C) Aaban
- D) United Kingdom
- What is the estimated amount of money that flows out of developing countries annually due to money laundering?
- A) Over $100 billion
- B) Over $500 billion
- C) Over half a trillion dollars
- D) Over $1 trillion
- Why is international cooperation essential in combating money laundering and corruption?
- A) Because it allows countries to impose their own regulations
- B) Because it enables countries to recover stolen assets and create a transparent system
- C) Because it gives countries the power to prosecute individuals without evidence
- D) Because it allows countries to ignore mutual legal assistance requests
Grammar Focus:
The present perfect continuous tense is used to describe an action that started in the past and continues up to the present moment. Review the grammar focus and complete the grammar quiz to test your understanding of the present perfect continuous tense.
Grammar Quiz:
Choose the correct answer for each question:
- The UK ____________________ its financial system to prevent money laundering for several years now.
- A) has been reforming
- B) reformed
- C) is reforming
- D) was reforming
- By the time the authorities investigated, millions of dollars ____________________ out of the country through illegal means.
- A) had been flowing
- B) flowed
- C) have been flowing
- D) were flowing
- The Kenyatta family ____________________ large landholdings and offshore companies for decades.
- A) has owned
- B) owns
- C) had owned
- D) has been owning
- The issue of money laundering ____________________ by the lack of effective regulations in some countries.
- A) is complicated
- B) complicates
- C) has been complicated
- D) was complicated
- Developing countries ____________________ the challenge of recovering stolen assets due to the lack of international cooperation.
- A) face
- B) have faced
- C) are facing
- D) have been facing