Money Laundering Free Essay Example, 1750 words

According to it, the Law on Prevention of Money Laundering is to be implemented to make sure that money laundering does not take place at all. Article 2 of the Federal Act on Combating Money Laundering and Terrorist Financing in the Financial Sector, also called as Anti-Money Laundering Act (AMLA), defines the financial intermediaries that are at vulnerable end in money laundering business (Federal Authorities of the Swiss Confederation). These include banks, fund managers, investment companies, insurance institutions, security dealers, casinos, and persons who carry out credit transactions and provide their services for payment transactions. Stages of Money Laundering There are three stages of money laundering. Placement The first stage of the washing cycle of money laundering is placement. Being a cash-intensive business, large cash is generated from illegal activities which is then placed in the economic structure or is smuggled out of the country, so that the location of acquisition of that cash can be covered (Levy 2-5). In this way, the authorities cannot figure out the location. The cash acquired is also converted into other forms like postal orders. We will write a custom essay sample on Money Laundering or any topic specifically for you Only $17.96 $11.86/pageorder now Layering The first step in the layering phase is the concealment of the source of ownership of funds by way of creating such complicated layers of transactions that aim at impersonating the audit trail by providing inscrutability (Frank 256). The complicated mesh of financial transactions tends to dissociate the illegal money from its source. The audit trail, the source, and the ownership of source, all are concealed. We can never know how much clean or dirty is wire transfer which is an excellent way the launderers can move money in and out of the country. The risks of being traced are meager. Integration Integration is the final stage in money laundering in which the cash acquired through illegal means is integrated into the legal financial system of the country and is assimilated with the system’s assets (International Monetary Fund (Legal Dept) 146). This makes the illegal money appear as legal. This is the stage at which it is very hard to differ between legal and illegal money. For this purpose, anonymous companies are started which grant loan to themselves for future legal transactions. Money is also transferred to any legitimate bank through ETF (electronic funds transfer). Effects of Money Laundering on the Economy This section discusses the effects of money laundering on the economy on three different levels.

Storm of Steel Reading Response Essay - 1551 Words

Storm of Steel provides a memoir of the savagery and periods of beauty that Ernst Jünger’s experienced while serving the German army during the First World War. Though the account does not take a clear stand, it lacks any embedded emotional effects or horrors of the Great War that left so few soldiers who survived unaffected. Jünger is very straightforward and does remorse over any of his recollections. The darkness of the hallucinations Jünger reports to have experienced provides subtle anti-war sentiment. However, in light of the descriptive adventures he sought during the brief moments of peace, the darkness seems to be rationalized as a sacrifice any soldier would make for duty and honor in a vain attempt for his nation’s†¦show more content†¦In Champagne, Jünger relates a bravery that, despite injury and brutal images, does not fade throughout the war. Jünger writes about the men around him who â€Å"seemed to cower while running at full pelt, as though under some frightful threat. The whole thing struck me as†¦ ridiculous†¦seeing people doing things one doesn’t fully understand .† He recalls his own humor toward trench warfare and his sense of fearlessness, describing â€Å"boredom in the trenches as more enervating for the soldier than the proximity of death .† Jünger describes numerous accounts of physical injuries, including his own, as well as encounters with the dead and dying, however these are always very straightforward descriptions. He writes that he and his comrades â€Å"†¦pinned our hopes on an attack†¦ .† His greatest remorse was for â€Å"†¦the incessant trench-digging † that was unnecessary and overtiring. Even in light of gas attacks, Jünger â€Å"occasionally left [his mask] behind in [his] dugout, and used its case†¦as a container for sandwiches .† It was not until witnessing the death of many men that he felt he was taught a lesson. Jünger was always prepared for death and grateful for minimal losses. At the Battle of the Somme, Jünger said, â€Å"I resolved to reply to the first English call I received with a hand-grenade .† He was alsoShow MoreRelatedHow to Write a Research Paper11497 Words   |  46 Pagesplaces to find secondary sources including the card-catalog index, CD-ROMs, the Internet, literary encyclopedias, bibliographies, periodical indices, journals, etc. 4. Preliminary Thesis Once you have thought through your topic and done some reading, you are ready to write the preliminary thesis, which is one arguable statement that expresses your opinion on your subject. You may need to revise this preliminary thesis several times as you continue your research. Review the following characteristicsRead MoreA Dialogue of Self and Soul11424 Words   |  46 Pagesgender in relation to women, though it refers brieï ¬â€šy to the ambiguous class position of governesses such as Jane Eyre. The authors analyse the intertwined processes of female rebellion and repression in the narrative and highlight in particular the reading of Bertha Mason, the mad wife, as the symbol of Jane’s repressed passion. This was later to become an accepted interpretation of Bertha. In relating the novel to Charlotte Brontà « the writer, they see the text as ultimately half-optimistic for women’sRead MorePoems: City Planners15330 Words   |  62 Pagespacked together and furthermore becomes taller and taller. It can in a sense bring a sense of claustrophobia as we feel that our area of movement becomes more limited, similar to how the size of the paragraph becomes smaller and smaller as we continue reading, limiting the amount of content that we can include in it. Word – Based Analysis 1. â€Å"Cruising these residential Sunday streets in dry August sunlight†  · This is meant to create a calming and relaxing background to use as aRead MoreLogical Reasoning189930 Words   |  760 Pagesyou when you say Martin Luther King Jr. could have been elected president if he hadn’t been assassinated. Try to discipline yourself to read and answer these sample exercises before looking up the correct answer in the footnote below, and before reading on. You do not need to write out the answer. The exercises are designed to test your understanding of concepts in the material you have just read. If you can answer the Concept Checks, then you will be ready to tackle the more difficult ExercisesRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. 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There is less emphasis placed on information transmission and greater emphasis placed on developing student skills. 4. There is greater emphasis placed on the exploration of attitudes and values. 5. Student motivation isRead MoreOrganisational Theory230255 Words   |  922 Pagestheir decision making. This requires that they have a deeper than superficial understanding of management and organization issues. McAuley et al. helps student and managers understand organizational performance without having to go through extensive reading. It deepens their understanding of issues with which they are confronted in practice, by putting them into a larger context. This book really helps students and managers to become wiser. Professor Renà © Tissen, Nyenrode Business University, The NetherlandsRead MoreProject Managment Case Studies214937 Words   |  860 Pagescheated. What is a proper balance between experience and new blood? CEO Presentation 19 The emphasis on education shifts with each new executive. O r nondeu greed personnel obviously are paying the price. I wish I knew what direction the storm is coming from. My department does not have a database to use for estimating. Therefore, we have to rely heavily on the project offlce for good estimating. Anyway, the project office never gives us sufficient time for good estimating so we have toRead MoreEssay on Fall of Asclepius95354 Words   |  382 Pageshere and there. It may sound weird but I think the riots and the disease outbreaks have something in common. Want my opinion? Yeah. Thomas started to breathe again. His face was red from his enthusiasm. You should stop watching and reading the news. Duncan crossed his arms. You just get tense over it. It wont do you any good. Weve been through tough times and we always get through them. No reason to freak out every time something bad happens. Maybe youre right, he laughedRead MoreProject Mgmt296381 Words   |  1186 Pages4.2.2 Individual performance appraisals Chapter 7 Managing Risk Chapter 15 Chapter 16 International Projects Oversight 11.1 Risk management process [F.8] 11.2 Identifying risks 11.3.2.2 Impact matrix 11.4 Risk assessment 11.5 Risk responses (.2–.1.2) 11.6 Risk register 7.1.2.5 PERT analysis 7.1.2.6.3 Contingency reserves 7.3.3.4 Change control management G.7 Culture awareness 1.4.4 Project offices 8.1.2 Continuous improvement 5.1 Requirements vs. actual [5.3] Chapter 17 Agile

Compare and contrast essay calling vs texting free essay sample

On this era, everybody depends on technology when communicating, especially on cell phones. These devices are known all over the world, and they are also used for entertainment, and to be updated with the latest news. Calling and Texting are the main methods that people use to communicate with friends, family, and others when using their cell phones. Calling has been popular since mid-1900s, but has been taken its popularity by texting since the beginning of the 20th century. Factors like the tone, and the fact that the people involved in the conversation can hear each other’s voices make a phone call more personal. Calling, should be used when the objective is to start a full conversation, argument, or a work related discussion. Though, if the objective is to confirm something, tell a quick message, or ask a short question, texting would be the proper choice. Texting is more impersonal than calling; there are no other factors involved on the conversation than what you see on the screen, the text. We will write a custom essay sample on Compare and contrast essay: calling vs texting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There is no easy way to feel, or identify the other person’s emotions in a text message clearly. Texting is a misused form of communication if the objective is to spend hours on the phone, give important news, or express a strong emotion. Calling can only take place if the person that makes the call has the other person’s phone number, and if the receiver of the call takes it. On the other hand, texting compares to sending constant e-mails, there are many social medias where you can text or send a private message via internet, or having the other person’s phone number as well. Even though the receiver of the message does not see the text right away, he or she will eventually see it, and hopefully respond. Texting can be a threat to your life. About 6,000 deaths and a half a million injuries are caused by distracted drivers every year. Phone calls are safer while driving; there are Bluetooth devices that allow you to talk while both of the driver’s hands are on the wheel, and eyes are on the road. Most phones also have a speaker option where the sound increases and drivers do not need to hold the phone. Texting and Calling are two effective methods of communicating when used at the right time, place, and situation.

Research Process free essay sample

Marketing Research Marketing research is the systematic design, collection, analysis and reporting of data and findings relevant to a specific marketing situation facing the company. † [Philip Kotler] â€Å"the systematic gathering, recording and analyzing of all data about problems relating to the marketing of goods and services. † [The American Marketing Association] Basic purpose of marketing research Marketing research reduces uncertainty or error in decision-making.The information collected by conducting marketing research is used for problem solving and decision making in various areas of marketing. The marketing research process Effective marketing research involves five steps shown in Figure: [pic] Step 1: Define the Problem and Research Objectives Not all research projects can be this specific, some research is: Step 2: Develop the Research Plan The second stage of marketing research calls for developing the most efficient plan for gathering the needed information Data Sources. The researcher can gather secondary data, primary data, or both. Secondary data are data that were collected for another purpose and already exist somewhere. We will write a custom essay sample on Research Process or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page †¢ Primary data are data gathered for a specific purpose or for a specific research project. Research Approaches Research Instruments Questionnaires: A questionnaire consists of a set of questions presented to respondents for their answers. Because of its flexibility, the questionnaire is by far the most common instrument used to collect primary data. Mechanical Instruments: Mechanical devices are occasionally used in marketing research.Sampling Plan After deciding on the research approach and instruments, the marketing researcher must design a sampling plan. This plan calls for three decisions: Step 3: Collect the Information Following are the characteristics of good marketing research 1. Scientific method 2. Research creativity 3. Multiple methods 4. Interdependence of models and data 5. Value and cost of information. 6. Healthy scepticism 7. Ethical marketing