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Homework answers / question archive / Part 1 Your position paper should focus on the challenges of identifying and investigating threat financing/money laundering scenarios in today's complex traditional and non-traditional global financial networks

Part 1 Your position paper should focus on the challenges of identifying and investigating threat financing/money laundering scenarios in today's complex traditional and non-traditional global financial networks

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Part 1

Your position paper should focus on the challenges of identifying and investigating threat financing/money laundering scenarios in today's complex traditional and non-traditional global financial networks. For example, the increasing sophistication of transnational organized crime, ISIS, domestic terrorism, etc. How can we keep up?? Do new regulatory rules make this even more difficult - or easier?

Topics to Address (in no particular order)

  1. Your Opinion: For this section ONLY, you may use the 1st person - "I think". NOTE: You do not have to mention your organization.
    1. Difficulty you see as a practitioner in the field to keep up and ensure you find the "bad guys" (for lack of a better term!) How much training is necessary??? This is for all of you, whether finding the next fraud or terrorist threat.
    2. Earlier in the course, you wrote case studies involving banks that were blasted for non-compliance by the Treasury; some cases were the result of intentional deception (stripping wire transfer information) others are the result of lack of training, ignorance or the position of organizations that " this will never happen" to us. Are we too paranoid?
    3. On the back end, many in the industry say the focus is on "clearing alerts" from our fraud/money laundering monitoring systems that pop up all sorts of scenarios where we have to investigate and make decisions.
    4. On the "front side" - determining beneficial ownership, due diligence and knowing your customer...are additional challenges.
  2. Support and Analysis:
    1. Review recent sanctions by US Treasury on an institution, big or small, describe the violation(s)...do you think there is a pattern of the same wrongdoing even after all the huge fines, sanctions, Deferred Prosecution or Non Prosecution agreements etc?
    2. There are articles & power points posted with resources that you can use for further perspective to expand research on your position. Do not use these as your sole sources of information. You must find additional resources. Use the ones provided as a starting point.

Ultimately, your position paper should be a professional assessment of the challenges we face in financial crime & compliance in both the private and public sectors.

Your paper should be 10 - 15 pages not including title and resources page and should be written in APA format.

 

Part 2

Create a 5 - 7 slide presentation in which you explain your position paper. Your slides should contain bullet points, images, graphs, and/or charts rather than straight text. One of your slides must address if in the case of the company/organization you present the financial sector's role. Did they simply check a box, or was there true oversight?

****I need explanations provided on each slides for presentation.

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