Anti Money Laundering In Relationship To The Banking And Busiiness Dissertation

Anti Money Laundering In Relationship To The Banking And Busiiness Sector In Todays Economy - Dissertation Example Money laundering activities are considered to be of prime importance by almost all the nations in the world. In today’s economy all the banks and the financial institutions are subject to the risk of money laundering activities being carried on through the prevailing transaction systems within the organisations. Money laundering is the result of different criminal activities being operated all around the world. This study entails all about money laundering activities carried on globally with special reference to banking institutions and other related business organisations. First of all a brief overview about money laundering has been provided in this study. Next the various effects of money laundering in today’s economy have been discussed in details. The various preventive measures to combat money laundering have also been included in this study. Plenty of initiatives have been taken by different nations all around the world to put a hold on the existing money launder ing operations. It has all been discussed in details in this study. Finally how the nations in the world have come forward to combat the threat of money laundering activities have also been discussed in this study.... Introduction Money laundering activities are considered to be of prime importance by almost all the nations in the world. In today’s economy all the banks and the financial institutions are subject to the risk of money laundering activities being carried on through the prevailing transaction systems within the organisations. Money laundering is the result of different criminal activities being operated all around the world. This study entails all about money laundering activities carried on globally with special reference to banking institutions and other related business organisations. First of all a brief overview about money laundering has been provided in this study. Next the various effects of money laundering in today’s economy have been discussed in details. The various preventive measures to combat money laundering have also been included in this study. Plenty of initiatives have been taken by different nations all around the world to put a hold on the existing money laundering operations. It has all been discussed in details in this study. Finally how the nations in the world have come forward to combat the threat of money laundering activities have also been discussed in this study. 2. Money Laundering – An Overview Money laundering can be defined as the process where the monetary proceeds of a criminal activity are integrated into the stream of financial business in a legitimate way so that its origin is never known to anybody. In this process of money laundering illegitimate funds are made to appear as legitimate funds (Odeh, 2010, p.1). The process of money laundering could be explained in any of the following three ways: a. Creating clean money out of dirty money. b. Washing away drug money. c.

Next President of the US Research Paper Example | Topics and Well Written Essays - 1000 words

Next President of the US - Research Paper Example Winning the election on his policy of change for the country (â€Å"Barack Obama†). Biography of Mitt Romney Willard Mitt Romney was born into a political family on March 12, 1947. A native of Detroit Michigan, his father is the former Gov. George Romney. He lived most of his life as a private citizen before running for the Massachusetts Senate in 1994, losing to Ted Kennedy in the process. He bounced from this loss by successfully leading the Salt Lake Organizing Committee towards a successful hosting of the 2002 Olympic Games. A success that he parlayed into a successful candidacy for governor of Massachusetts in 2003. He tried to become the Republican torch bearer for president in 2008 but lost to John McCain. In 2012, he beat out other nominees for president such as Michelle Brachman and Rick Santorum (â€Å"Mitt Romney†). The Issues Immigration Barack Obama and Mitt Romney are as different as night and day on the issue of immigration. While Obama advocates an immig ration program that touches base with the Latino vote, Mitt Romney has fought for tighter immigration policies. It is believed that Obama's belief in a more streamlined approached towards immigration and the relaxing of laws against illegal immigrants all ties in with his desire to secure a significant number of Latino votes on November 6. Mitt Romney on the other hand, believes that the immigrant status should not be taken lightly and given away like freebies at the grocery store. Unlike the president, Mitt Romney believes that one must work for his immigrant status and actually deserve to earn it. He believes that this can be done either through military service of the completion of advanced studies in America by foreigners who will then be bound to stay in the country for a period of time in order to prevent brain drain. Mitt Romney believes that by making it harder for illegal immigrants to stay in the country, our economy can be helped (Wood, Daniel â€Å"Obama vs. Romney 101: 5 Ways They Differ on Immigration†). Health Care President Barack Obama's Affordable Health Care Act, or Obama care as it is more popularly known sets the health sector on the path of subsidizing healthcare for each individual provided that person has opted to purchase medical insurance. He claims to have made health care more affordable by allowing people to make their own choices regarding insurance coverage and allowing people access to free medical services. There is also a belief that under his Obama care plan, the insurance companies have finally been prevented from abusing the insured when they need to use their insurance the most (â€Å"Learn How Obamacare Benefits You†). Mitt Romney on the other hand, has equated health care with the economy. Thus, he feels that the undue burden placed upon the people by the new taxes created in Obama care will make health insurance less affordable for most people and will not help in solving the health care problem in America . He proposes a repeal of Obama care and a return of the healthcare system to the individual decision making power of the people who need to use it (â€Å"Obama's Failure†). The Economy Barack Obama came into possession of a country that was bleeding due to financial mishandling. His position is that by changing the old ways of America in terms of spending and international relations, the economy of the country can be grown exponentially. He wishes to reform the tax code into a middle class friendly program