MLchartDataset catalogue

Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970

Term · Insurance and risk management · MLC-T-INS-002785

A United States federal law providing for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. The Racketeer Influenced and Corrupt Organizations Act addresses a pattern of racketeering activity connected to an enterprise, including offenses like bribery, fraud, and money laundering. Civil RICO claims can result in treble damages, meaning the plaintiff may recover three times the amount of their actual damages.

Table 1. Record
IdentifierMLC-T-INS-002785
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-002785",
  "term": "Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970",
  "field": "Insurance and risk management",
  "definition": "A United States federal law providing for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. The Racketeer Influenced and Corrupt Organizations Act addresses a pattern of racketeering activity connected to an enterprise, including offenses like bribery, fraud, and money laundering. Civil RICO claims can result in treble damages, meaning the plaintiff may recover three times the amount of their actual damages.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/racketeer-influenced-and-corrupt-organizations-rico-act-of-1970/"
}

Record 2,842 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.