MONEY LAUNDERING—THE PROCESS AND IT’S AFFECTS
Money laundering is a process that many people do not understand. In fact, when I chose money laundering for my report, I thought that I chose counterfeiting. Money laundering and counterfeiting is not the same. Money laundering is the process by which large amounts of illegally obtained money (from drug trafficking, terrorist activity or other serious crime) is given the appearance of having originated from a legitimate source. Money laundering is a complex operation that affects everyone. The purpose of this paper is to explain the money laundering process and how it affects society.
Money laundering is not a single act but is more a complex operation that is completed in three basic steps. The first step is placement, the second step is layering, and the third step is integration.
The first step, placement, is to take the moneys and place them into the financial system, the retail economy, or smuggle them out of the country. The aims of the launderer are to remove the cash from the location of acquisition so as to avoid detection from the authorities and to then transform it into other asset forms; for example: travelers checks, postal orders, etc.
The second step, layering, is the first attempt to conceal or disguise the source of the ownership of the funds by creating complex layers of financial transactions designed to disguise the audit trail and provide anonymity. The purpose of layering is to disassociate the illegal moneys from the source of the crime by purposely creating a complex web of financial transactions aimed at concealing any audit trail as well as the source and ownership of the funds.
The third step, integration, is the stage at which the money is integrated into the legitimate economic and financial system and is assimilated with all other assets is the system.
Hayes, M. M. (2017, November 11). Five days at memorial: . A review. Annals of the American Thoracic Society, 11(6), 1000-1001.: Retrieved from https://ezproxy.ccp.edu:2152/docview/1549551395?accountid=9969
Some doctors say that lack of sleep makes our heart deteriorate. In the article. “Sleep Problems May Increase The Risk Of Heart Attack And Stroke." A Harvard professor stated "Sleeping less than four or five hours a night for three or four nights has measurable effects on insulin and cortisol effects”(Dry Redline of Harvard) Doctors at Harvard had done research and They have done observational studies that connect poor sleep with poor cardiovascular outcomes. In the article it states that Sleep apnea makes the back of the throat relaxes which leads to cutting off oxygen. . They are different ways that sleep problems affect the heart in many ways. People with sleep problems, blood pressure do not drop and may even rise. High blood pressure damages the lineage of blood vessels.
There are many different diseases that can affect our skeletal system and Osteoporosis is one of them. Osteoporosis lessens bone strength and bone density (amount of bone mineral in bone tissue), which will lead to fragile bones. It mainly affect the hips, ribs, spine, and wrists. Male or female, at any age, can get this but it is mostly occurs in older women (Team, 2016). Osteoporosis is very common, there are more than 3 million cases a year. There are many causes/risk factors, symptoms, and some treatment cases. About 54 million Americans have Osteoporosis and low bone mass (Foundation, 2016).
Osteoporosis is a condition, in which bones are weak from deterioration, loss of bone mass, and quality-bone strength. Osteoporosis usually triggers postmenopausal women (women who have not had their period for a whole year), or older men and women. Some risks both older men and women endure when experiencing Osteoporosis are decrease of calcium and bone fractures. These symptoms or effects can all be caused by weight loss, smoking, age, ethnicity, genetics, medications, bone structure, and certain diseases that can later on contribute to Osteoporosis, such as rheumatoid arthritis. Osteoporosis may be prevented by going to drug therapy to stop alcoholism and smoking, a sufficient amount of calcium intake, and exercising; such as jogging, walking,
Osteoporosis is a bone disease of that causes a decrease in bone mass. In osteoporosis the bones become weak and fragile. Since the bone mass is decreased, the bones have more of chance of fractures. The bone is continuously breaking down by cells which is known as osteoclasts and rebuilding by other cells known as osteoblasts. Osteoporosis happens once the reabsorption causes the bones to reach a fracture threshold. Any fall or lifting action that would not ordinarily bruise or strain the common person would break one or additional bones in somebody with severe osteoporosis. “Women of fair, freckled complexion with blonde or reddish hair, and women from northwest European background have a higher incidence of osteoporosis than the general population” (Rosdahl, 2012, p.1248). Osteoporosis most commonly happens in postmenopausal women. Some risk factors include age, menstrual status, smoking, sedentary lifestyle caffeine use, and alcohol consumption.
The Canadian Nurses Association’s Code of Ethics for Registered Nurses plays a key role in the life of many individuals in healthcare, whether it is the physician, the nurse, the patient, or other workers in the healthcare environment. The Code of Ethics for Registered Nurses serves as a guide in performing nursing responsibilities as well as the ethical obligations related to the profession, (Canadian Nurses Association, 2008). The purpose of this paper is to recognize the Code of Ethics and how it impacts the way in which healthcare workers carry out their practice. This can be examined through three key factors. The first factor involves providing safe, compassionate, competent care. The second factor regards helping nurses to be accountable
Most people consider this crime to consist of CEO’s manipulating their way to making a large fortune. This of course, is true most of the time in high-profile cases. For example, in late 2001 Enron Corporation executives confessed to overstating the company’s earnings. This lead to artificially inflating what the company was worth and deceived the investors. It took some time to unravel all the fraud put behind this devious act but shows how sophisticated white-collar crime can be. Although it’s usually associated with upper management of corporations, people from all different levels and occupations can perform this crime ("How White-collar Crime Works").
Another reason that causes the negative relationship between sleep deprivation and academic performance is the impact of high-stress level that is caused by sleep deprivation. As mentioned earlier, sleep deprivation could decrease a student’s critical thinking and problem-solving skills. However, it can also make the students feel more stressful. According to the survey conducted in Ball State campus, there are 15 students that often do their homework before they go to bed. 10 students play video games, computer games, and mobile games before they go to sleep. 8 students use their electronic devices to do social activities. 5 students watch movies and television series and 2 students read books before they go to bed. This information proves
Third Star Financial Services is an “un-banked” business that was built from a foundation of several money transfer operations that can be transact through an agent or an online facility since 1996. Third Star’s goal and objective is to develop and implement an enterprise architecture platform for the organization that is more streamlined and leaned with consistent policies and procedures throughout the company. A consolidated, centralized and standardized single version of the business structure and a modernize technology that can provide ease and flexibilities to their new and existing customers, in addition to their support staff and management teams.
The American Nurses Association created guidelines for the profession including, a set clear rules to be followed by individuals within the profession, Code of Ethics for Nurses. Written in 1893, by Lystra Gretter, and adopted by the ANA in 1926, The Code of Ethics for Nurses details the role metaethics, normative ethics, and applied ethics have within the field (ANA, 2015). Moral obligation for an individual differs within professions than it does within an individual’s personal life, so the code of ethics was written to establish rules within the profession. The moral obligation to provide quality care include the fundamental principles of respect for persons, integrity, autonomy, advocacy, accountability, beneficence, and non-maleficence. The document itself contains nine provisions with subtext, all of which cannot be addressed within this paper however, core principals related to the ethical responsibilities nurses have will be
150 Ponzi schemes collapsed in 2009 alone, resulting in more than $16 billion in losses to tens of thousands of investors. These victims confront the challenge of calculating their losses for recovery claims as well as tax purposes. Ponzi scheme investigations currently account for approximately 21% of the Securities and Exchange Commission’s (SEC’s) enforcement workload — up from 17% in 2008 and 9% in 2005
This system helps all of these banks provide financial secrecy which is that only you and your banker would legally be allowed to know the financial activity within your account. The financial secrecy, completely different from financial privacy, includes many regulations to maintain this asset of secrecy. For example, many banks would n...
Although your bones are usually very strong, they consist of living tissue that continually breaks down and rebuilds. As you age, it’s possible for old bone to break down faster than the building of new bone. Osteoporosis is a disease that occurs in the bones. The bones are part of the skeletal system which contains a total of 206 bones. Osteo means bones and porosis means porous. This disease causes the bones to become weak and brittle. Some victims of this disease are not aware that anything is wrong because in the beginning osteoporosis is subtle and painless until a bone breaks. According to (Gronholz, 2008) 30 million women and 10 million men, 50 years and older are diagnosed with osteoporosis in the United States. These people are at
Money laundering is the routing of illegal profits from bank to bank to disguise its existence. The illegal profits are usually made through activities such as drug trafficking, prostitution rings, illegal arms sales, and various other things. Unfortunately money laundering is a serious crime that is still prevalent in the United States and other countries. The Russian mafia, the Triad or Chinese mafia, and the Columbian drug cartel are just a few of the groups that partake in money laundering. No one knows exactly how much money is laundered yearly but it is estimated to be about $100 billion in the United States. The United States is not the only country affected by these numbers. The estimated amount of laundering is 2% - 5% of the world’s GDP, between $600 billion and $1.5 trillion dollars annually. Although there are hundreds of ways in which to launder money, some are more lucrative than others. For example, the Black Market Peso exchange, gold, and digital cash are some of the more common ways to launder money. Making it harder to crack down on money laundering is the fact that many countries do not have money-laundering laws in place like the United States does. These other countries make it possible for this illegal activity to carry on, and are only hurting themselves because money laundering creates a direct negative effect on their economy. If these nations want to fight money laundering they will need to implement laws against it. Banks could be one of the most useful tools in stopping the laundering of money.