Money Laundering Essays (Examples)
Study Document
The Global Financial Crisis Money Laundering
money laundering: The Global Financial Crisis
There is disturbing evidence that money derived from the illegal sale of drugs was one of the primary means through which some banks remained solvent through the global financial … some banks remained solvent through the global financial crisis of 2008. According to Rajeev Syal of The Guardian, “Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities,” resulting in the rescue of banks that otherwise could not have stayed solvent. … result of the drug trade. Unfortunately, this means that there may be an incentive not to be fully vigilant about the sources of money still necessary for some banks to thrive and underlines the dark side of the banking industry. It may also cause banks to subtly … to thrive and underlines the dark side of the banking industry. It may also cause banks to subtly……
References
Bibliography
Rajeev Syal, ‘Drug money saved banks in global crisis, claims UN advisor,’ The Guardian (London, 13 Dec 2009) accessed 13 September 2019
Study Document
Net Worth Theory And Corporate Fraud
Danske Bank's money laundering Scandal
Madinger (2006) points out that the net worth method is among the most common used in accounting forensics when it comes to … worth method is among the most common used in accounting forensics when it comes to detecting illegal income, such as by way of money laundering. The case of Danske Bank and its money laundering escapades from 2007 to 2015 through an Estonian branch where a quarter of a trillion dollars flowed is a prime example of a … In other words, assets were not aligning with income. Because 99% of the bank’s customers were non-Estonian customers, it was another signal of laundering.
After looking at assets, the next step is to use the same accounting techniques that the subject was using, and all items pertaining … to its income and that the holdings of the branch were different from what was being……
References
References
IRS. (2017). Retrieved from https://www.irs.gov/irm/part9/irm_09-005-009
Madlinger, J. (2006). Money laundering: A guide for criminal investigators. CRC Press.
Milne, R. & Winter, D. (2018). Danske: anatomy of a money laundering scandal. Retrieved from https://www.ft.com/content/519ad6ae-bcd8-11e8-94b2-17176fbf93f5
Schwab, R. D. (1961). The Civil Aspects of the Net Worth Method. Wm. & Mary L. Rev., 3, 65.
Study Document
What Is Cybercrime And How To Deter It
… are monitoring what their employees are doing on their networks so that they can put a stop to white collar crime, such as money laundering or extortion or theft.
Thus, on the one hand technology makes it easier for cybercrime to occur these days, but on the other ……
References
References
Computer Hope. (2019). When was the first computer invented? Retrieved from https://www.computerhope.com/issues/ch000984.htm
Crane, C. (2019). 33 alarming cybercrime statistics you should know in 2019. Retrieved from https://www.thesslstore.com/blog/33-alarming-cybercrime-statistics-you-should-know/
Schjølberg, Stein. (2017). The History of Cybercrime (1976-2016). Books on Demand.
Statista. (2020). Global digital population. Retrieved from https://www.statista.com/statistics/617136/digital-population-worldwide/
Taylor, R. W., Fritsch, E. J., Liederbach, J., Saylor, M. R., & Tafoya, W. L. (2019). Cyber crime and cyber terrorism. NY, NY: Pearson.
Study Document
Banking Industry Crimes
… is any criminal act that involves the holding up of a bank in a forceful manner with an intention of making away with money or other related gain. Violent bank robberies have been on a steep decline over the last few decades. Towards this end, the types … a general perspective, financial crimes involving banks could be inclusive of, but they are not limited to; information and identity theft, insider trading, money laundering, electronic crime, and fraud. These could be perpetrated by both employees and their collaborators as well as by outsiders. From a micro perspective, ……
References
References
Albrecht, W.S., Albrecht, C.C., Albrecht, C.O. & Zimbelman, M.F. (2008). Fraud Examination (3rd ed.). Mason, OH: Cengage Learning.
Dionne, B. (2020). Regions Bank Teller Accused of Stealing Customer Identities Faces Felony Charges. Retrieved https://www.wbrc.com/2020/01/30/regions-bank-teller-accused-stealing-customer-identities-facing-felony-charges/
Golden, T.W., Skalak, S.L. & Clayton, M.M. (2006). A Guide to Forensic Accounting Investigation. Hoboken, NJ: John Wiley & Sons.
Krancher, M., Riley, R. & Wells, T.J. (2010). Forensic Accounting and Fraud Examination. Hoboken, NJ: John Wiley & Sons.
Singleton, T.W., Singleton, A.J. & Bologna, R.J. (2006). Fraud Auditing and Forensic Accounting (3rd ed.). Hoboken, NJ: John Wiley & Sons.
Zagaris, B. (2010). International White Collar Crime: Cases and Materials. New York, NY: Cambridge University Press.
Study Document
Transnational Feminism And Sexual Politics
… thrives since the perpetrators make use of well-organized criminal syndicates that use an array of complex and evasive tactics to evade the law. money is channeled back to the country through elaborate money-laundering schemes using underground banks. Prostitution has now become a globalized commodity with women being forced to partake in the trade against their wishes ……
References
References
Brewer, D. (2009). Globalization and human trafficking. Topical Research Digest: Human rights and human trafficking, 2009, 46-56.
Griffith, A. (May 02, 2017). Stop “Saving” Women: A Transnational Feminist Approach. Retrieved from https://www.huffpost.com/entry/stop-saving-women-a-transnational-feminist-approach_b_5908ca52e4b084f59b49fd4b
Valoy, P. (January 28, 2015). Transnational Feminism: Why Feminist Activism Needs to Think Globally. Retrieved from https://everydayfeminism.com/2015/01/why-we-need-transnational-feminism/
Watson, C. (June 18, 2009). The globalization of sex. Retrieved from https://www.cbc.ca/news/world/the-globalization-of-sex-1.777957
Study Document
Self Regulation Proposal
...Money laundering Response to Self-Regulation Proposal
Standards and Culture in Self Regulation
Introduction
The pitfalls of self-regulation are not unknown: object lessons abound in Tyco, WorldCom, Enron, Arthur Andersen, and several others (Pritchard, 2003). What to make then of a proposal for the implementation of self-regulation, thus decreasing regulatory oversight of our company? On the one hand, few firms are going to reject such a proposal as it means less red tape for them; on the other hand, compliance is culture and a culture without it can quickly turn into a slippery slope down the same path taken by the companies already mentioned. Yet, as Omarova (2011) points out, an industry without self-regulation is one unlikely to address the problems that plague it: at some point, accountability and firm responsibility is needed to address issues that by and large elude regulators by more than a few paces. The problem of relying regulators……
References
References
Arner, D. W., Barberis, J., & Buckey, R. P. (2016). FinTech, RegTech, and the reconceptualization of financial regulation. Nw. J. Int'l L. & Bus., 37, 371.
Arnone, M., & Padoan, P. C. (2008). Anti-money laundering by international institutions: a preliminary assessment. European Journal of Law and Economics, 26(3), 361-386.
Greene, E., & Odorski, C. (2015). SEC enforcement in the financial sector: addressing
Omarova, S. T. (2010). Rethinking the future of self-regulation in the financial industry. Brook. J. Int'l L., 35, 665.post-crisis criticism. Bus. L. Int'l, 16, 5.
Omarova, S. T. (2011). Wall street as community of fate: Toward financial industry self-regulation. University of Pennsylvania Law Review, 159(2), 411-492.
Pritchard, A. C. (2003). Self-regulation and securities markets. Regulation, 26, 32.
Improve your studying and writing skills
We have over 150,000+ study documents to help you.
Sign Up for FREE
