The HSBC Money-Laundering Scandal Case Facts HSBC is one of the largest financial institutions in the world‚ with assets over $2.5 trillion‚ 89 million customers‚ 220‚000 shareholders‚ operations/affiliates in 85 countries‚ and 2011 profits of nearly $22 billion (HSBC‚ 2011a). Drawing upon evidence revealed following a year-long investigation into HSBC (Levin et al.‚ 2012)‚ seven areas of case fact illustrating key anti-money laundering (AML) and terrorist financing problems can be seen including:
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What technologies have been used to kill people‚ and why? Killing technology has been on show during the major wars in the 20th century; and the killing rate increased drastically in the last century. During 20th century major developments took place in gas weapons‚ small arms‚ large guns and weapons of mass destruction which were in use during World War 1 and World War 2. Killing was not seen as an objective in war however‚ it was seen as being a more humane method and to make war shorter. The
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REPORT ON HSBC History of HSBC HSBC ( Hongkong Shangahai and Banking corporation) is among the largest banks in the world. It came into being in the year 1865 to enhance the growing trade between India‚ China and Europe. The idea of forming the bank came from the mind of Thomas Sutherland who had envisioned the growing demand of banking facilities in Chinese market and consequently the bank was opened in 1865 in Honkong and Shangahai. Very soon the bank had opened up branches around the world
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Review the decision in the case of Shah v. HSBC (2012) and evaluate the implications of the decision for regulated financial services firms. In particular: * What are the key issues in the case? * Outline the decision of the court * Evaluate what practical guidelines can be taken from the case by regulated financial services firms Under the proceeds of crimes act 2002 (POCA) all UK financial institutions and other regulated firms not only have to report suspicions of money laundering
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“It could have been prevented.” Often heard‚ the statement refers to situations for which some believe action should have been taken by specific people/a specific person to keep something (usually negative) from occurring; those people/that person is responsible in a way. The majority of the time‚ this statement is utilized in situations which are tragedies and/or violations of the law‚ law enforcement‚ lawmakers‚ etc. being those responsible. The minority of the time‚ The animals of Animal Farm
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Introduction: E-banking has become essential for banks in the last several years‚ mostly in developed countries. With the introduction of online banking‚ banks have been able to reach millions of customer’s that are not even in their geographical area and bring them a quick & easy way to check their statements‚ balances‚ view recent transactions and many more facilities that were not possible to do before‚ unless they went to the branch of their local bank. With this introduction‚ it brings
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What leads to Success? Nowadays‚ the topic of “what leads to success” becomes more and more popular in society. What characteristics or specific skills help those great people to make achievements? How are they different from others? As opposed to the traditional theory‚ which mainly focuses on the importance of natural intelligence‚ the majority of people now put more attention on something else. Cherry Cherniss and Malcolm Gladwell believe that emotional intelligence plays a critical role of achieving
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HSBC is known as the “World’s local bank”. Originally called the HongKong and Shanghai Banking Corporation Limited‚ HSBC was established in 1865 to finance the growing trade between China and the United Kingdom. HSBC is now the second largest bank in the world‚ serving 100 million customers through 9‚500 branches in 79 countries. The company is organized by business line (personal financial services; customer finance; commercial banking; corporate investment banking and markets; private banking)
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What qualities have led to BEC’s success so far? The success of BEC can be attributed to a number of factors. The organization has used segmentation‚ targeting and positioning strategies in order to diversify the market. For instance‚ the company has opened stores in Costa Rica‚ Mexico‚ Canada‚ and US. All the products sold by the company have been categorized into video games and recorded music. This offers the consumers variety and choice. BEC is also quick to seize business opportunities. For
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There are many factors that affect one’s learning. Based on your personal experience‚ what key factors directly or indirectly affect adult learning? The key factors that directly or indirectly affect adult learning are life experience‚ work experience‚ previous learning experiences‚ performance affecters‚ time between interactions and aging factors. Life experiences are anything that affects your cognitive behavior. In other words‚ is your mind where it needs to be to get this done. Work Experiences
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