Essays on Cash Deposit

Question 1

In order to understand why people commit fraud, many companies use the fraud triangle to analyze the attributes, which make people commit fraud. The importance of the fraud triangle is to understand fraud and its significance demonstrated in the Darren Darren’s case. The explanation of why people commit fraud is examined by the use of fraud triangle. It evaluates the circumstances that make employees violate ethical standards and be involved in the fraud cases. Therefore, fraud triangle joins the perceived pressure, perceived opportunity and rationalization to facilitate fraud. The first required attribute is Incentive, motivation, or pressure ...

Introduction

HDFC Bank is one of the leading private sector banks in India. It started its operations immediately after the banking sector was opened for private investment during the early 1990s. Soon after, the bank has expanded its operations across the country. Being promoted by HDFC, a leading provider of housing loans, the bank got enough funding to expand its operations at a faster pace. The bank has emerged as one of the most profitable banks in India and the most financial institution for investors. HDFC Bank has expanded its operations into other niche areas of banking like corporate banking, wholesale banking, ...

Jimmy V Regina (2010)

- Facts of the Case The defendant was charged of money laundering under section 400.41(1) of the Criminal Code Act of 1995 and under section 4AAA of the crimes Act of 1914. The defendant, on occasions numbering twenty seven between the dates 26th November 2003 to 11th February 2004, took a sum of cash to a bank and arranged that it be transferred to a bank account in Hong Kong. On all these occasions, the amount deposited to the bank was less than $ 10000, an act to deliberately keep the deposits below the threshold that is required for a reportable cash ...