Essays on Money Laundering

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 ...

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 ...

Question 1

Financial globalisation has occasioned a number of unprecedented effects on the world economy. Through the extensive flow of finances between economies, there has been a trend for businesses and individuals to invest their money where it fetches the best returns. Most notable of this is the tendency by the wealthy from the developed nations to invest in developing economies mostly in Africa to take advantage of certain conditions such as lenient taxation and favourable interest rates as well as affordable labour (Prasad, Eswar, et al. 201). The same can be said of the tendency by most companies to set ...

(Author’s Full Name) (Institution Name) In times of global economic turmoil, an ever-expanding population and scarcity of resources, competition is getting tougher by the minute. Financial stability has now become the sole purpose of one’s existence, and this shift in priorities not only fuels conglomerates and promotes corporate culture, but also prompts individuals to explore illicit means to maximize their net wealth; the most common example being money laundering. Money laundering is the concealment of money, which is obtained through illegal means. The crime is systematically pursued by both individuals and corporations seeking to evade tax or ...

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 ...

Introduction

In the recent past, there has been an increase in the cases of terrorism financing and money laundry across the world. The international community is experiencing rapid social, political, economic and technological advancements that have enhanced communication and the transportation of money that is used in the financing of terrorist activities. Besides, this development has exposed the financial systems to abuse by organized criminals. The international community has established strategies to curb money laundry and terrorism financing so as to enhance the security of the world. In the past decade, proceeds from money laundry have been used to finance ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

In the next 5-10 years there is a major issue that has developing that will be facing the business world. This issue that is going to be a major problem for both businesses and government is surely going to be money laundering. In order to understand how money laundering is a threat to both governments and economies it is first necessary to understand what money laundering is itself. Once the definition is understood only then can we apply that definition to the business world through analyzing how this white collar crime effects commerce, government involvement in the business world, ...

CONTENTS I. Introduction 2 II. Allen Stanford Ponzi Scheme 3 III. The victims 4 IV. Arraignments 5 V. Forfeitures by the Government 5 VI. Conclusions 5

Works Cited 7

Introduction The concept of white-collar crime refers to financial and nonviolent criminally punishable action, which is perpetrated by the business or by the government officials (Friedrichs, 1992, p. 21). This term was coined by one of the most renowned modern sociologists Edwin Sutherland, who used this term to describe a crime, which is committed by ‘a public employee or a high-ranked business man by using his occupation’ (Shapiro, 1990, p. 348). Nowadays, the ...

Of all wars to have been conducted by the USA, the war on drugs is the least promising, with government and law enforcement agencies fighting it in a losing battle. When American authorities got it going some 4 decades ago, it was doomed to be a losing war for a number of reasons, of which one is a historic precedent never taken into consideration. It is well-documented that the only lesson we ever learn from history is that we do not learn any lessons from it at all. However, what America should learn is that conventional tools of mandatory bans and restrictions imposed ...

Introduction

The term public virtual world is used to describe computer-based simulated environments created to enable the user communicate with the interactive virtual environment via use of an avatar which is a representation of his form in the virtual world environment. Using the avatar the user can be able to manipulate objects in the virtual world as they are capable of perceptual stimuli, he can also be able to interact with the objects and also manipulate them to his desire. Virtual public networks also serve as global networks for communication because they posses the ability to allow multiple users regardless of ...

- What is motivating you to leave your current position?

As an attorney, I always admired the difficult task of guiding companies to pursue aggressive policies in business while in full compliance with the regulations, laws, and standards of ethical conduct. When I came across the opportunity of ‘The Business Integrity Counsel and Regional Business Integrity Officer – North America’ at Mondelēz International, it is a lot more than just motivation that propels me leave the current position. It has been and is my dream job. I am excited by the prospect of helping Legal, Business Integrity, and Global ...

EO 13493 and 13567 is a follow up reversal of EO 13492, which was a presidential order for the close down of Guantanamo Bay. Guantanamo Bay is the detention camp for terrorist suspects under investigation by both the U.S government and the Interpol. The president signed the executive order in January 2009 (Whitehouse.gov).

The order sought to create and try out new ways of arresting, detaining and convicting the terror suspects as opposed to exploiting ways of closing it down. This decision by the president of the United States was possible due to various factors. The EO could have been ...

The creation of modern technologies enabled people to experience a luxurious life compared to the past century. However, through the use of the new technology, criminals can easily penetrate through the protective security and steal one’s identity with a single click of the mouse button. As amended by the FCC (Federal Communications Commission) of the United States, all American telecommunication companies must implement strict policies in securing the collected data of their customers to avoid identity theft. Identity theft as the majority knows it is the stealing of one’s information either through the ...

Introduction

Organized crime refers to a network of highly centralized enterprises run by criminals in an organized manner and who are engaged in illegal activities. Such criminal organizations are well organized with a clear chain of command and segregation of duties among its members in much a similar way to a lawful organization or government. The only distinction between organized crime organizations and other lawful organizations is that they are engaged in illegal activities. It is organized crime organizations that are usually responsible for transnational crimes. Transnational crimes denote crimes that have significanteffects in more than one country. This is because such transnational crimes ...

- Find an outline an example of one economic policy/practice from any country that fits into the realist perspective of IPE. Don’t all choose the same country

The great example of the economic policy in realist context is Russian gas policy. Currently Russia uses its neighbor Ukraine to deliver gas to Europe, however the emergence of new projects for Russian gas exports to Europe provoked the gas conflict between Russia and Ukraine, which began at the turn of 2005-2006. Then Ukraine created obstacles to the free transit of Russian gas to Europe. Particularly acute gas war was at the turn of 2008-2009. The absence of the Russian-Ukrainian agreements on gas supplies and its conditions of transit interrupted the supply of hydrocarbons from Russia to Europe through ...

Chechen Terrorism in Russia

Religion, culture and politics have played a huge role in the terrorist attacks executed by Chechen rebels in Russia. The conflict instigated by Chechen rebels stem from the fact that Chechnya, the territory they claim, became part of the national territory of Russia due to historical circumstances. Long before Russia emancipated as the Union of Soviet Socialist Republics (USSR), Chechnya was part of an independent republic called the Mountain Autonomous Soviet Socialist Republic. However, that nation did not last long, as the USSR occupied it and made it into a province called the Chechen Autonomous Oblast (Kramer, 2010). To quell strong ...

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 ...

The rational choice theory is of the opinion that an individual acts by weighing the costs and benefits brought about by an action at the end through the use of personal advantage. As far as crime is concerned, the theory assumes that the rational decisions made by criminals to engage in any crime are made through the revision of all outcomes and possibilities. The outcomes depend on the benefits the criminals get by committing these crimes. Criminals do however consider the consequences of their actions, such as imprisonment and tread with care in the process of committing a crime. The ...

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 ...

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 ...

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 ...

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 ...

1.0 Overview 1.1 Introduction 1.1.1 Brief description of technology and associated Science Wireless mobile payments rely on the technology of wireless internet connection as one of the emerging technologies. Mobile devices are used to affect various transaction payments ranging from paying bills, bank withdrawal and deposits, sending and receiving of funds, debt payments among others. All these transactions can be settled by the mobile handset holder irrespective of his or her geographical locations and irrespective of time. It is thus more efficient and reliable in reducing congestion of queues in banks, improving the speed of operations ...

Introduction

The task of this report requires the development and analysis of a counterintelligence activity, which specializes in the involvement of drugs, pertaining to an operation conducted by the Federal Bureau of Investigation (FBI). A plethora of counterintelligence sectors exist including matters involving illegal drug activities, terrorism, child pornography rings, money laundering, Internet scams, corporate security, and more. In general, counterintelligence competes with these aforementioned areas sometimes in ways that overlap. For example, an Internet scam may involve theft of consumer credit card information – as well as running illegal or non-existent gambling websites. The chosen case study to be developed concerns ...

The Patriot Act was passed after the 9/11 terrorist attacks to strengthen domestic security and increase the ability of the government to identify and stop terrorists. It has proved to be one of the most controversial laws in U.S. history (Doyle, 2001). It is comprised of ten titles which give federal law enforcement greater authority. Advocates claim that the Patriot Act is constitutional and instrumental in the war on terror. They cite a number of successful investigations and arrests of terrorists, and believe that law strikes an effective balance between civil rights and the ability of the government to protect ...

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 ...

How the Bahamas was able to prove to Britain that it will able to sustain itself if independence from Britain was granted? (1/2 page down from top)

Dr. Robert Nash & Sydnee Viray (All double-spaced)

Introduction:

The Bahamas officially known as the Commonwealth of Bahamas is an island country consisting of more than 700 islets, cays and islands in the Atlantic Ocean. It lies to the north of Cuba and Hispaniola (The Dominican Republic and Haiti). It is North West to Turks and Caicos Islands. To its South East lies the U.S. State of Florida and to the East ...

Nowadays, in the banks much attention is being paid to the management of the risk. People are now more aware of using bank as their medium of sending money from one place to another. In this regard, the risks of the money laundering are increasing, and this issue requires proper attention. Several guidelines have been provided in every country in order to properly manage the risk associated with the money laundering so that the activities that finance terrorism can be combated. The prudential management of the risk along with the effectual supervision plays an important role in the protection ...

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 ...

IMF

International Monetary Fund (IMF) Introduction The international monetary fund (IMF) was initiated in 1944 during the Bretton Woods Conference and formally created in 1945 with a membership of 29 countries. The main IMF goal was stated as to assist in the reconstruction of the world’s international payment system post the Second World War. Countries contributed money and put it in a pool through a quota system from where countries which had an imbalance in trade could borrow. Ever since the membership of the IMF has grown to 188 countries of the world and the main goal changed to fostering ...

Bribery and corruption are two related vices that are prevalent in virtually all global societies. Bribery is defined as the act of giving or receiving something with the core intention of influencing the actions of the recipient. These actions most often than not induce the recipient to carry out illegal, dishonest or activities that breach trust in the conduct of business. Corruption on the other hand focuses on the misuse of public office, rank, or status for one’s personal gain (OCSE, 2000). Bribery and corruption happen to be impediments to both global and national development. Countries and ...

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 ...

Organized Crime in the United States and its impact to the US Criminal Justice System

The United States of America has its fair share of problems when it comes to maintaining national security and stability against international and domestic threats. The federal government has to contend to the threat of various actors wishing to destabilize the country either through fear or terror or through illicit activity that paralyzes the country. One of the most crucial threats the US government faces today are the transnational organized crime groups which endangers the country from within its borders and through the rest of the world. The problem with this threat is the fact most of these organize ...

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 ...

Abstract

Alternative dispute resolution has been hailed by many people for the crucial role it plays in finding solutions to disputes outside the courtroom. By definition, arbitration is an alternative dispute resolution technique that takes place out of the legal courts. In this kind of dispute resolution, a third party reviews the facts and evidence of two parties and imposes a legally binding decision. The fact that the parties to a dispute have total control over the process makes it more admirable as compared to the judicial process. The parties have the ability to make their own schedules and choose the arbitrators. For a ...

(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 ...

Law

Based on the article of Cerf (2012), he stated that internet access is not either a civil right or a human right. Internet access is powered by technology and technology is a means to enable rights, but cannot be considered as a right in itself. Cerf (2012) equates human right to one that refers to critical freedom or liberties guaranteed under the Constitution such as the freedom of speech, freedom of expression, freedom of access to information among others. Internet access is only a precondition for enjoying a number of human rights. The transformative nature of the internet does not only enable the individuals to ...

Introduction

An accounting framework essentially influences the way business entities delineates success. Traditional accounting predominantly concentrates on increasing the shareholder value while also influencing the bottom lines of the business in terms of its finances. However, an growing number of corporations now-a-days, are primarily interested in either the so called “double” or “triple” bottom line accounting. Their focus is not just on measuring the impact their business practices have on the financial bottom line, but also upon the impact their business practices have on their personnel, the societies in which they operate, as well as the environment surrounding them. ...

Bitcoin is term that was not well known in the last four years. It was a term that was only used by few people over the internet. With time it is the term that the world has come to know as the first world’s completely decentralized virtual currency (Buttyan & Hubaux, 2001). This currency has become the largest economy compared to some of the economies of the smaller worlds. Bitcoin also abbreviated as BTC reached its high note in 2013 April with a value of $260 just from pennies in the previous years. Currently, the market value of BTC is valued ...

Terrorist financing involves providing funds for terrorist activities. This may include funds that has been raised from various legitimate sources for instance personal donations, gifts, business profits and also from charitable organisations, as well as funds from illegitimate or criminal sources such as kidnapping, piracy, drug trade, money laundering, extortion and smuggling of weapons. Terrorist have been using these and other techniques especially through money laundering and disguise as charitable organisations so as to evade being caught by the relevant authorities and also as a way of protecting the identity of the sponsors as well as that of their beneficiaries ( ...

Introduction

There exist about 33,000 violent gangs among street gangs, motorcycle gangs, and prison gangs a population of members active in committing criminal acts. Most of them are sophisticated and properly organized. They employ violence to control their territories and make robust their money making activities that far include; robbery, fraud, drug and gun trafficking, prostitution rings, and extortion (Barker, 2007). A report released by the National Gang Threat Assessment in 2011, shows that gangs are responsible for an average of 48% of criminal activities and up to a high of 90% in other jurisdiction. There are a number of motorcycles ...

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 ...

Introduction

Globalization has brought with it changes in almost all spheres of life and especially in the criminal justice system. The criminal justice system consists of the law enforcement agency, the courts as well as the corrections department. In essence, the main purport of the criminal justice system is the administration of criminal justice. Owing to globalization, the system is finding it increasingly challenging due to emerging forms of crime on both the international, transnational as well as the domestic front. Further challenges include those of tackling these new forms of crime and the issues of international cooperation with other ...

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 ...

[Writer’s Name]

Abstract

Sinaloa Carter is a syndicate of criminals involved in drug-trafficking. It is mainly involved in the distribution and smuggling of Mexican Marijuana, Mexican and Southeast Asia heroin, Colombian cocaine and methamphetamine in the Univted States of America. Sinaloa Cartel is heavily involved in clashes with other cartels over the dominancy issues over routes as well, which has resulted in the loss of thousands of lives. Law enforcement strategies and statures can be applied to eradicate the strengths of this cartel, which may be done by checking money laundering, systematic tracking and weakening the alliances. The persons proved ...

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 ...

Discussion Post

Discussion Post - Define the terms material support or resources, training, military-type training, expert advice or assistance, critical infrastructure, and terrorist organization in relation to 18 United States Codes 2339, 2339B and 2339D Anti-terrorist legislation under Title 18 U.S. Code in reference to “Mens Rea” pertains to a person with the intention or state of mind along with accompanying conduct by law describing the offense of supplying materials to terrorists. Under Title 18 aligned with Code(s) 2239 and 2339B “Mens Rea” specifically pertains to the act of a person charged as intentionally providing support to a terrorist group or ...

Introduction3

Thesis statement4 The Patriot Act..4

The Homeland Security Act6

Patriot act, Homeland act and Privacy..9 Conclusions and recommendations..10

Works cited .12

Introduction Homeland security is a basic right that should be provided by the government to its citizens. This has led to enactment of several clauses in the constitution all aiming at enhancing security of each and every person. Also, from the bills of rights provided to the citizens by the constitution, every citizen is entitled to basic and proper security as a right. This is what has led to enactment of constitutional rights on homeland security. After September 11 attack on the US ...

The problem that the United States is facing when it comes to terrorism is complex. However, one of the key issues concerning the United States is the fact that al-Qaeda, its primary terrorism concern, is an enemy unlike others the United States has faced in the past. The United States has always gone to war with nations, or with recognizable groups; however, today, the United States is not at war with al-Qaeda; at least, it is not solely at war with al-Qaeda, although it is fighting al-Qaeda in a variety of different ways. After the September 11th, 2001 attacks ...

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 ...

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 ...