Money Laundering Regulations Essay Example | Topics and Well Written Essays - 3000 words

Money Laundering Regulations - Essay Example Money laundering transactions generate assets that are a result of some illegal act such as drug deals or tax evasion. If a money launderer is able to achieve this goal then the criminal will be able to keep the property obtained from their illegal activity and have an apparent legal source for their newly acquired wealth. The purpose of laundering money is to disguise the assets obtained from the criminal activity as assets obtained through legal sources in an attempt to avoid imprisonment. Money that is laundered starts out as cash or as assets that are already in the banking system. Money is laundered through companies that handle large amounts of cash and investments like banks and other business firms that handle investments. Businesses that deal across international boundaries that handle "high valued goods" are prime targets for money launders. Some examples of businesses relevant to this situation are accountants, tax advisors, estate agents, and antique dealers. Terrorist, t ax evaders, arms dealers, and drug dealers among other criminals involve themselves in money laundering. Overseas accounts and electronic funds transfers can be disguised to look like legitimate company transactions and make money laundering disguise easier for criminals. Money launderers also employ experts to help them launder money. For example, a launderer could simply ask someone for permission to use that person's account for deposits in return for a fee. Another scenario is for the money launderer to approach a business and ask them to set up transactions in which a sum of money is regularly deposited in the company's account. The businesses will then send the money back as a fictitious payment for non-existent goods. Although this method is very popular amongst the criminal underworld, there are other ways of laundering money without a business becoming aware of being involved in a crime. For example, the money launderer could place an order for a robot to be manufactured to a specific standard. The company may ask for a 60% deposit with the understanding that the order won't be put through for three months. Before the three months are up the money launderer cancels the order and gets the deposit refunded minus a penalty. The money launderer will always be willing to pay the penalty because although the criminal will want to get as much back as possible, what the criminal really wants is the money back clean. It is important to bear in mind that money laundering is a process rather than a single act. In an effort to expose and analyze this phenomenon it has become common to use a three-stage model, which encompasses an ideal money-laundering scheme. The three stages are as follows: The Placement Stage, which is when cash is received directly from criminal activity, like from sales of drugs. It is first placed either in a financial institution or used to purchase an asset. At this stage the criminal disposes of the physical cash deposits. The Layering Stage is the stage at which the first attempt at concealment or disguise of the source of the ownership of funds takes place. This stage is called the layering stage because it is where the criminals "layer" financial transactions in an attempt to hid the criminal activity.

Our Day Out by Willy Russell :: English Literature

Our Day Out by Willy Russell The play "Our Day Out" in based around the remedial class of an inner city Liverpool comprehensive. The children are the bottoms of the heap; they are not blessed with a well off families to support them. The two main teachers are Mrs Kay and Mr Briggs who views contrast and contradict each other throughout the play. On this particular day the "remedial class" are of on a school trip hence the title "Our Day Out" to Conway castle in Wales though this is not the only place the children get to see, the play takes us to a variety of different places (due to the fact that it was written for television broadcast). Russell primary idea may seem just to produce a play that is entertaining and suitable for a television broadcast. Though Russell provides with slice of life realism. I t could have a certain biographical side to it for Russell grew up in a similar area in Liverpool. Although at some points in the play the way Russell writes may seem biased trying to perform our opinions but he actually writes from different viewpoints providing us with an actual insight into the play. Russell major themes throughout the play are poverty, the lack of education and opportunity available; the social and cultural depravation suffered from living in such an inner-city area. It questions the ethics of bad parenting. The scenes I have choossen to anylais have great dramic importance to the play they are Kay. It focuses on a major aspect of the play: the depravation of the children. It proves again to us the yearning of Carol and the attitudes of both teachers. It provides a valuable insight into the play. Mrs Kay firstly asks Carol why she does not and go and look round the castle. To this Carol relies "Miss, I don't like it. It's horrible." At first you might think that she is referring to the castle building although later on in the scene she refers to the castle been a "nice" place. We already know that Carol is not an intellectual girl; she is still unable to read and write at the age of 13.Proving her lack of educational ability is the fact that she mistakes a lake for the see. Even though she is lacking in educational ability she is still aware of her surroundings in Wales and then back at home she is also aware of the differences between them. Though she is unable to express herself due to her low vocabulary and grammar skills. So when she uses the term "It's horrible" she is actually referring to the fact it's

Reasons for Attending College or University

Reasons for Attending College or University Summary:Â  People attend college or university for many different reasons, such as new experiences, career preparation, and increased knowledge. Many people attend colleges and universities all over the world to study and conduct research. What are their expectations of the academic experience? In my opinion, people involved in collegiate programs have two main purposes: to gain the experiences and certificates that prepare them for future careers and to increase their knowledge about different aspects of life.Many people desire stable careers that deeply affect their lives. Therefore, good preparation for a future career is a necessity. To maintain and promote your position at a company, especially in certain kinds of jobs, you must have the knowledge and experiences that come from attending a college or university. The skills, spirit, and confidence you gain from studying help equip you for your work. Moreover, it is easier to find a goo d job when you have qualified certificates.Many well-educated people can carry out their tasks smoothly and methodically with more economization of time and strength than people who manage their work by learning from their failures. Another advantage of attending a college or university is the relationships you build with other people. These relationships help you improve yourself. In a collegiate environment, you learn how to work in groups and how to cooperate with your partners.You also learn to achieve mutual understanding, an essential and useful skill in your future work. The second reason for attending a college or university, increasing knowledge about many aspects of life, might seem a little impractical, but it is, in fact, very practical. Some people have the misconception that studying in college provides them only with knowledge relating directly to their major and that getting certificates is the most important purpose of attending college.With those goals in mind, the y often neglect subjects that don't seem to be applicable to their work. However, knowledge from college is not just useful for your job; it also is useful for many other things in life. For example, people with basic knowledge about literature, history, art, psychology, etc. might enjoy their lives more than unlearned people. They also might overcome difficulties and stress more easily, as well as have an acceptable and optimistic attitude toward obstacles and failures in their lives.Furthermore, cultivated people might treat others in their communities with more regard. Nothing you study in college is useless, and increasing knowledge is as important as getting certificates. The more knowledge you have, the more poetic your life is. Generally speaking, it's always necessary to have a good education. In addition to obtaining the appropriate certificates, attending a college or university gives you a great opportunity to learn about many different things on both macroscopic and micr oscopic levels.While the specific reasons people attend colleges and universities might differ, the fundamental purposes are the same: they want to obtain the necessary training and education for their future careers and they want to learn about a variety of different subjects that will apply to their lives outside their future careers. Therefore, everyone who chooses to attend a college or university should always strive to reach their goals and aspirations. This section contains 509 words (approx. 2 pages at 300 words per page)| |

A Brief Note On The West East, William Garcia. Hist 002...

AGRICULTURE IN THE NEAR EAST William Garcia Hist 002A: World History to 1600 November 1, 2016 Humans have always had to find a way to survive in the changing environment of our world. Humans have had to find many ways to adapt and find different practices to feed their communities. Humans were able to keep their communities alive due to their ways of hunting and gathering. Gender played a role in this way of finding food source. Men were set to be the hunters and the women were responsible for gathering any crops they could find. There was a transition that occurred and a new way of cultivating food emerged. Agriculture became a way of survival for human beings. Agriculture played an intricate role in providing a food source and it had a major impact on the Neolithic societies in the Near East. It provided a new way for society to be permanently transformed from what they once were, hunter gatherers to becoming something more stable and stronger. During the Paleolithic times, hunting and gathering remained the sole base of finding a food. Small alterations occurred that help start the change to a different way of life. During the end of the Paleolithic period, about 15,00 years ago, there was a climate change that allowed warmer locations to be formed which later help facilitate fertile lands. The climate became warmer and the glaciers retreated which allowed for wetter land to support the sedentary and those semi sedentary forger