Money Laundering College Essays Samples For Students

How anti-money laundering compliance with regard to hawala based in Dubai with customers in all continents in the world should be conducted.

Introduction

Hawala is a system of transferring money from one country to another using a trust-based network and alternative modes of exchanging value for value (Levy, 2016). Immigrants working in a foreign country who want to send money to their families in their home country usually use this system (Pathak, 2003). A sender gives a hawala broker or hawaladar the money for remittance. The broker provides the sender with some kind of code for the recipient to get ...

According to Hadley & Harris (2014), the Internal Revenue Service (IRS) issued supplementary final and temporary regulations that can be found in T.D. 9657 under the Foreign Account Tax Compliance Act of 2009, or “FATCA”, including new regulations that can be found in T.D. 9658. These new rules and regulations have modified the international withholding, as well as the backup withholding and the rules on reporting of information which are applicable beyond the scope of FATCA (Hadley & Harris, 2014).
As a general rule under the FATCA, the American withholding agents are mandated to withhold tax on specific payments to the ...

Money laundering refers to the criminal activity in which money and funds that have been obtained illegally are used to fund or support legitimate and legal activities. In the process, the illegality of the original criminally obtained money and funds is, in essence, “washed” through its use in the legal activity. A more formal definition of money laundering defines it as, “the process through which criminals, hide, disguise, and legitimize the financial proceeds of their crimes” (FATF). There are a number of benefits that money laundering provides to criminals. First, by using the money to fund legal activities, money ...

There are many sorts of crimes that are plagues on societies around the world. However, some are more prominent than others. Indeed, there is rape, murder and drugs. The latter, along with two crime types that often accompany drug use or dealing on more than one level, shall be the focus of this brief report. Specifically, there will be a review of peer-reviewed journal articles that pertain to illegal drug use, prostitution and money laundering. The first two often feed to the other in that the money garnered from the illegal activities has to be “cleaned” so as to ...

Present day business world is characterized with dynamism that prompts business people to review their policies, programs, and procedures in order to sustain viability in this industry. Tremendous development in IT and globalisation makes information sharing easy which has both positive and negative implications on business. The ethical dimension of business comes to test with numerous challenges. Money laundering is one such challenge facing the present day and future business fraternity. This paper examines money laundering and the implications it poses on business.
Economists define money laundering as a money based transaction scheme whose goal is to hide the ...

An individual’s professional success greatly depends on the kind of education and training he obtains. Hence, pursuing knowledge in a reputed institution is of great significance in one’s life. At this point in my life, as a short term plan I want to pursue MS in Accounting Degree from a great Business School. I believe that Lubin Business School will be the best place to fulfil my educational aspirations. My educational background, experience, and life ambition will prove that I am well-suited to be a candidate for the course in your institution.
I have worked at the New York County ...

Money laundering refers to concealing the origin of money that has been acquired by illegitimate means. Most countries in the world have set up certain standards that indicate when such transactions entail money laundering. On the other hand, several countries have criminalized any acts or proceeds of money laundering. The case of United States v Proceeds of Crime Transferred to certain Domestic Financial Accounts of 2007 involves a case of money laundering that occurred over a multiple of jurisdictions.
The defendants were accused of transferring through various accounts $ 400 million that was obtained through a tainted judicial process. The defendants had ...

Introduction

Derived from three topics reported in New York Times articles on 13 August 1991, this essay discusses those three unrelated events, how and why they came about, and the consequences of the events described.

The three events reported were: a merger between BankAmerica and a Californian rival; the (then) recent increased levels of drugs smuggled through Panama following the U.S. invasion to depose and capture General Noriega two years previously; and a squabble between the members of the Education Board of New York and their manager Mr J Fernandez. Throughout the essay those three events are dealt with in the above order.

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Introduction

Multilateral trade agreements are agreements on trade performed between many countries at one time. It is usually very difficult to negotiate but once they go through, they form a very powerful base. Once a multilateral trade has been signed, all parties that have signed the agreement are treated equally (Choueiri, 2005). This is usually a very big advantage especially to the poorer countries which are usually less competitive in nature. There are several multilateral trade agreements which have been formed. In the recent past, Doha round table multilateral trade agreements is one of the biggest agreements formed which were between all the ...

Crimes against Persons

Crimes against persons are those criminal conducts punishable under penal law and which are mainly committed against individuals as the victims (Gardner & Anderson, 2014, p.25). In such categories of crimes, the perpetrator or offender normally has the intention to cause the victim actual grievous bodily injury and harm. Examples of crimes under this category include rape, assault and murder.

Crimes against Property

These are a category of crimes in which the offender intends to take another person’s property with the intention of permanently depriving the owner of the property without necessarily intending to use force against them. Examples of these crimes ...

Introduction

The advent of the Internet has revolutionalized the way companies and individuals conduct business, and have necessitated the proliferation of processes involved in honoring transactions through diversified payment methods. Mobile wallet denotes mobile technology that functions like a real wallet by facilitating online payments and purchases (Amoroso et al., 2012). The ease and convenience of operating a digital wallet have made the platform to attract wide spread interest. This paper is devoted to the usage of mobile wallets, their advantages and possible problems. The number of users with smartphones grows from year to year. In this case, mobile wallets ...

We have at our disposal credible information from our intelligence personnel based in Tucson, AZ, Mexico and U.S. that a new drug cartel is setting up business in Tucson, AZ. The leader of the largest drug cartel in Mexico was arrested last week following concerted efforts of the Criminal Investigation Agency, the Homeland Security Investigations (HIS), office of the Inspector General, the Internal Revenue Service, DEA’s Aviation Unit and the U.S. Immigration and Customs Enforcement. We have also used our undercover agents to buy some drugs from the business based in Tucson. Our agents confirm to us that the ...

In the opinion of Pickett and Pickett (2012), corruption may be described as the misuse of power for individual gain. Sometimes, corruption is interchangeably used with bribery. In the opinion of Santoro and Strauss (2013), bribery is the act of offering, seeking or receiving any valuable item to sway the actions of people with power in discharge of public duty. Forms of corruption involve fraud, embezzlement, favoritism, collusion, and extortion. Evidence shows that corruption and bribery have been practiced for many years; although up to date, they have attracted increasing attention. It is unclear whether the attention of corruption ...

Sociology

Outlaw motorcycle gangs have gained remarkable attention at the national and international level in the recent years. The problem of the motorcycle gang is, however, growing and pervasive (Bennett, and Hess, 2006). They are posing serious threats to the societies and more and more people are concerned about controlling this problem with the imposition of the rules and regulations. Further, an increase in involvement of individuals in the such criminal activities that are connected with the gangs have influenced the law enforcing bodies, and officials in order to take strict measures for controlling the involvement of the organized gangs ...

(Address where the letter has to be submitted)

Dear XYZ:

Bitcoins or physical exchange of cash is an important exchange element of contemporary times. A proper plan emphasizing on the practice can certainly help a capitalist to get familiar with the methods, rules and techniques involved in Bitcoin business.
Individuals need to have a firm grip on it not just for the sake of information but also as a modified exchange of professional life. I think, we can make them practice soon after giving the necessary instructions and guidelines. A proper course needs to be formulated. I have worked on this idea for ...

Assignment 1

Relationship between trust, respectability, risk, and white collar crime, and how the relationship differ when crime involved is conventional, rather than white collar.
White collar crimes are in most instances committed by people of high authority, and who command higher respect in societal set up. These people, in most of the occasions come from successful businesses either as owners, managers, or in a senior position able to make command, and decisions regarding the business. Government personnel have also in the recent past been involved in white collar crime, and this trend has been on the increase not only on ...

Question 1

Gangs began to emerge along racial and ethnic lines. The gangs became organized and had an ethnic identity when committing crimes. The Irish were among the gangs that first emerged in the society followed Germans, Italians and Jewish gangs. These gangs are seen industrialized Cities of United States and other Countries with Industrialized Cites. These Cities are challenged with several issues that include a considerable number of minority groups. They are also challenged by social policies that have failed when it comes to implementing the policies for the poor.
The society has passed the responsibility to the authority and ...

Essay Questions

Essay Questions
Q. 1
One of most successful and fastest growing railroad firms in North America, the Union Pacific Corporation’s activities and operations are affected by a host of social, demographic, technological, environmental, geographic, economic, and political or legal factors external to its business environment.
The technological factors that are likely to affect the company’s future operations are advancements in railroad and transport technology in general. The company will need to its operations, systems, and processes to keep up with these technological changes, such as the CAD III which is a computer-aided dispatcher. The demographic factors that ...

Abstract

Hawala is an informal system of money transfer that is widely used in the Middle East, the Indian subcontinent, the Horn of Africa and North Africa. The Hawala system predates the current international banking system, having been used in the Muslim world before European influences permeated the region. In western countries, Hawala is popular among immigrants, who use it to send money to their relatives back home. The main reasons for Hawala’s popularity as compared to other means of money transfer include its cheapness and anonymity. However, some countries such as India and Pakistan have outlawed Hawala because ...

Institutions

Question 1
Business bribery has become a global problem to the world economy and efforts to fight it have had numerous obstacles (Adekoya, 2009). Business bribery takes place to enhance business in foreign countries. While this causes an imbalance in business overseas, it also assists businesses to keep up with domestic competition in these foreign countries. Risk assessment is conducted on a regular business to calculate the risk of businesses being asked for bribes in various countries. These issues include whether the official should pay the bribe and if they decide to pay if it should be charged to ...

Introduction

The United States government has the mandate of ensuring the security of the nation by developing and implementing legislations that promote the safety of all citizens. Numerous cases of insecurity experienced in the country over the last few years stretching from drug and human trafficking to terrorists have made the federal government more concerned about the future of the country regarding securing her citizens. Terrorism brings more concerns in the area of homeland security among many security threats facing U.S. The priority of the U.S. Department of Justice is to prevent future terrorist attacks in the country. September 11, ...

Abstract

Actions taken at the beginning of a crime scene investigation can have far-reaching implications in the resolution of the crime, apprehension of the suspects and prosecution in the court of law. Meticulous and thorough investigation is key in ensuring that potential evidence is not destroyed or tampered with and witnesses overlooked. While many criminal investigation agencies employ a wide range of programs, techniques and equipment used in crime scene processing, the resources available and level of training vary from country to country. Apparently, the ability to investigate crimes has improved dramatically over the years with advances in information and ...

The role and regulation of Mauritius financial institutions

Mauritius is the largest island in the world. It is one of Africa’s economy that is stable, competitive and success. The state of the economy has enabled the country to be both vibrant and thriving in sectors such as the export sector, offshore financial sector, and manufacturing. The success has allowed the country to attain a Gross Domestic Product of $11.9b. Also, its convenient position has enabled it to be an established international financial center with easy access to Asia, Europe Middle East and South Africa enabling active investment. The report aims to understand the roles and regulation ...

A Customer benefit package is combining of services and goods to the primary product that is ordered. The aim of combining goods is to add value to the final product that a customer gains. The main product that attracts attention to the customer is referred to as the primary product, and the additional goods or services are referred to peripheral goods. A good example is like in a restaurant; a meal may be offered along with a newspaper along it (Glanz, 102). The newspapers are the peripheral goods. Or simply, ensuring that there is free internet in a restaurant makes customers enjoy internet along ...

Question 1

The government of the former President George W. Bush was lenient in the control of torturing of terrorist suspects. In a statement through the department of justice, his government issued a document confirming the torturing of Al-Qaeda suspects. One of the most common ways of torturing suspects was through waterboarding. This is a technique of covering a suspect with a cotton cloth over the head then pouring water over it to block any breathing avenues (the mouth and nose).
The technique is extremely painful and has numerous resultant effects of the individual that is tortured. Sources close to the former president that have ...

1.0 CHAPTER I
1.1 Combating Criminal Narcotics Activity along the Southern Border
Drug trade has been rife with violence for decades, though the level of violence we experience today are extraordinary. Without working on minimizing the severity of the problems that confront us today, it is critical to understand the background of the culture of violence and the cyclical nature of the violence epidemics. Substance abuse is one of the major problems facing nations while costing them a lot of money in health care costs, lost productivity, related crimes, and other social costs. It also contributes to high ...

Planned change is a process that needs a continuous implementation of elimination of the demand for illegal substances. Setting up goals and objectives would unilaterally resolve the drug problem eventually, as absent demand. Thus, the impetus for the drug trade would disappear. Therefore, the cost of social and health costs related to drug abuse would reduce. Goals and objectives establish a framework for the program to be effective. They create a direction for the program. They also make the goals and objectives measurable through periodic assessments of items achieved. Goals have the mission of orienting the integration activity and budgets of the program ...

Roles of Financial Intermediaries

Financial intermediaries are any institutions that move money between savers and borrowers
- Pooling of resources
Financial intermediaries pool resources of small savers and lend them out when necessary. In transaction one, U. S. banks loan money to foreigners. Without this service, an individual for example, would need to go to 200 people each lending him $1000 so as to get 200,000 dollar loan which is highly inefficient. But instead the large sum of money needed is readily available in banks. Foreigners who borrow from the U. S. have offshore accounts based here. A good example ...

Dear Sir,

I have been encouraged to contact you concerning a position in your esteemed company. My current work with HSBC Global Banking and Markets has truly been a positive experience, one that I have excelled in and been appreciated for hard work. I am a committed individual who has excellent skills of interpersonal relationship building with clients and am spontaneous and prompt in all communication. I can maintain order, execute multiple projects with accuracy and I need little direction to complete assigned tasks. These are some of the basic qualities I believe make me an excellent candidate for the position in your company.
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