RICO

(redirected from RICA)
Also found in: Dictionary, Thesaurus, Legal, Acronyms.

RICO

Stands for Racketeer Influenced and Corrupt Organization Act. Legislation under/which inside traders may be convicted.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Racketeer Influenced and Corrupt Organizations Act

United States legislation passed in 1970 that increased criminal and civil penalties for participating in organized crime and also strengthened law enforcement tools in the investigation of illegal enterprises. Its provisions included the ability to indict individuals for witness intimidation or extortion, prosecution for acts of terrorism or murder for hire, and so forth. One can be prosecuted under RICO for offenses such as counterfeiting money, securities fraud, and bankruptcy fraud.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
"In every competition, I strive to raise my personal bar to do better than the previous one," Rica says.
Naidu is scheduled to emplane forIndiaon March 9, wrapping up the first high-level, five-day visit fromIndiatoParaguayandCosta Rica. (ANI)
And Costa Rica has topped the poll three times out of four.
As guests approach the Living Room (the brand's signature spin on the traditional hotel lobby), floor-to-ceiling stone and wooden panels line the walls of the artistically lit hallway, mimicking one of Costa Rica's favourite instruments, the marimba.
Costa Rica has a reputation for great surf all year, but with the weather comes a lot of swell.
Costa Rica still faces challenges in mitigating identified risks, including developing an adequate legal framework for non-conviction-based asset forfeiture.
"Nicaragua has condemned the arrogance and high-handedness of Costa Rica, which having ignored international law and agreements we all have signed, has violated our territory, threatened and blocked international trade and cargo, and is concentrating more Cuban citizens on our southern border as a means of pressure and blackmail on our government," it said.
In fact, Costa Rica was the first Central American country to recognise China and has extensive diplomatic relations with the Asian giant.
80% of Costa Rica's power comes from hydropower fed by its rainforests.
It is estimated that approximately 100,000 private American citizens, including many retirees, reside in the country and more than a million American citizens visit Costa Rica annually.