Explain and discuss money laundering

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Reference no: EM132287777

Assessment Task

From the given scenario, students are required write an essay with 1000 words.

Money laundering is the way criminals use to 'clean' the money they make from crimes such as fraud, dealing in illegal drugs and tax evasion. By making the money look like it comes from a legitimate source, they can cover their tracks and avoid detection. Meanwhile, terrorism financing refers to actions that provide financing or financial support to individual terrorists or non-state actors. Government has to pass laws to prevent money laundering being used to finance those organizations.

In the light of above, explain and discuss:
• Money laundering. The various forms and methods used for money laundering.
• Terrorism financing. The mechanism of terrorism financing.
• Government regulations. Various decrees and CBO policies that combat money laundering in the Sultanate of Oman.
• Legal penalty. Provisions for the legal penalty for money laundering and terrorism financing.

Guidelines to Students:
> This essay should include introduction, background information on the topic and overview of the components are to be discussed.
> The main discussion should be based on explanation and providing evidence to support the main topic.
> While discussing the economic evil of money laundering, students are required to:
o Various forms and methods of money laundering.
o Decrees issued in Sultanate of Oman to combat money laundering.
o C130 articles discussing money laundering with its legal proceedings.
> In conclusion summary of the main points of the topic, restatement of the main point of view and evaluation is required.

Attachment:- Referencing style.rar

Verified Expert

The report is on Money laundering which is a very big and important issue for almost every country on this globe. It’s a severe crime the person who found getting indulge in this crime gets a very strict punishment from constitution of India. Different ways to stop or prevention the money laundering have been discussed in the report, various question regarding the same have been answered.

Reference no: EM132287777

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Reviews

len2287777

4/18/2019 11:23:05 PM

This Coursework comprises on 50% of the total assessments marks. These will develop the following skills: • Writing skills. Through assignment task, students will be able to improve their writing skill which is needed in the workplace. • Analytical skills. The students will be able to understand and critically assess the various concepts of laws and regulations in financial services in Oman. In addition, the assessment will test the following learning outcomes: • Upon completing this assignment, students will be able to provide accurate concept of money laundering with its various forms and methods. They will also come to know the legal frame work which has been devised to control this economic evil in the country.

len2287777

4/18/2019 11:22:58 PM

Write the number of words used, excluding references, at the end of your assignment. Provide the list of sources you used at the last page of your assignment with proper label 'References'. You may include diagrams, figures etc. without word penalty. The number of words will be + or — 10% of the total words allowed. A work declaration must be included just after the reference page of your assignment. This ensures that you prepare your work in good faith

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