Strategy of a Business The idea of business strategy pretty much for granted today. Every business has‚ or should have‚ a strategy. Large companies have departments devoted to planning strategy and hours‚ even days are spent in meetings discussing it. Business schools have departments dedicated to researching and teaching strategy‚ and few undergraduate or MBA students escape without taking at least one course covering it. Strategy‚ like love‚ is all around us. This poses an interesting question:
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Guidance notes on prevention of Money Laundering Definition of Money Laundering: A definition of what constitutes the offence of money laundering under Bangladesh law is set out in Section 2 (Tha) of the Prevention of Money Laundering Act 2002 (Act No. 7 of 2002) which is read as follows: “Money Laundering means - (Au) Properties acquired or earned directly or indirectly through illegal means; (Aa) Illegal transfer‚ conversion‚ concealment of location or assistance in the above act of the properties
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Money is the prime reason for engaging in almost any type of criminal activity. Money-laundering is the method by which criminals disguise the illegal origins of their wealth and protect their asset bases‚ so as to avoid the suspicion of law enforcement agencies and prevent leaving a trail of incriminating evidence. Terrorists and terrorist organizations also rely on money to sustain themselves and to carry out terrorist acts. Money for terrorists is derived from a wide variety of sources. While
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NATURE AND CAUSES OF GLOBAL MONEY LAUNDERING PRESENTED BY: Kiran Aftab (Roll # 01) Afifa Naseer (Roll # 68) MBA-2004 4th Semester INSTITUTE OF BUSINESS ADMINISTRATION UNIVERSITY OF THE PUNJAB LAHORE TABLE OF CONTENTS Introduction 6 History
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ABSTRACT Money Laundering is a highly sophisticated act to cover up or camouflage the identity/ origin of illegally obtained earnings so that they appear to have derived from lawful sources. It is the process by which illegal funds and assets are converted into legitimate funds and assets. In other words‚ it is the process used by criminals to wash their “tainted” money to make it “clean. Several regulatory and governmental authorities cite figures for estimated amounts of Money laundered annually
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The Anti-Money Laundering Framework in Jordan: New Laws and Regulations Bashar H. Malkawi* I. Introduction Money laundering is a major problem for Jordan and the international community. Laundering criminally-derived proceeds has become a lucrative and sophisticated business. Money laundering challenges the maintenance of order in Jordan and threatens the integrity and reliability of its financial institutions and commerce. In recognition of this pervasive problem‚ Jordan
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The Consequences of the Bangladesh Genocide In the beginning of 1971‚ West Pakistan attempted to eliminate the Bengali culture in Eastern Pakistan. With the formation of the Bengali nationalists creating their own country‚ the liberation war occurred in Bangladesh which caused the genocide. In reality the liberation war was a smoke screen to hide the genocide that was being committed on the Bengali people‚ from the Pakistan government. Over three million people were killed and over fifteen million
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Beachwood High School Tamir Yankevich CND: Countering Money Laundering Money laundering is a global phenomenon that typically entails the illegal acquisition of money‚ passed through a complex scheme of transactions to the launderer’s accomplice. Afterwards‚ it is returned‚ disguised as legally obtained money‚ to the launderer.1 “[M]oney launderers tend to seek out countries...in which there is a low risk of detection due to weak or ineffective antimoney laundering programmes”2 in addition to unstable economies and
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December 12 Scott Rothstein 2013 In July of 2010‚ Scott Rothstein was sentenced to 50 years in prison for running a US$1.2 billion Ponzi scheme from his Florida law firm. DH Gatsby EXECUTIVE SUMMARY: Money Laundering & Scott Rothstein In July of 2010‚ Scott Rothstein was sentenced to 50 years in prison for running a US$1.2 billion Ponzi scheme from his Florida law firm. Rothstein had two types of schemes. He persuaded clients/investors to purchase hundreds of millions of dollars
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RELATING TO MONEY LAUNDERING 3 3.1 Bank of Zambia Anti-money Laundering directives‚ 2004 part III to VII 3 3.2 Prohibition and Prevention of Money laundering Act‚ 2001 parts IV and V. 4 3.3 Anti-Money Laundering Authority (AMLA). 5 4 EXAMINING THE RULES RELATING TO MONEY LAUNDERING 5 5 CONCLUSION 6 6 REFERENCES 8 2 INTRODUCTION Money Laundering is the system where funds that illegally acquired or generated from criminal activities are brought in the normal money circulation
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