Identify and evaluate the initial steps

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Reference no: EM132352567 , Length: word count:3500

Question 1

You are the financial crime prevention manager for a medium-sized, financial services firm, based in a jurisdiction of your choice. You receive a notification from the whistle-blowers helpline that highlights the following:

‘Anonymous phone call received. The caller stated that closer attention should be paid to Jorge, on the front-line customer service desk. When he is dealing with customers that have queries on their accounts he takes their debit card with him, into a separate office and takes photos of the card using his mobile phone. He has been overheard discussing items he's purchased for his new house using ‘various cards'.

• Identify and evaluate the initial steps that should be considered upon receipt of the notification from the whistle-blowers helpline.
• Analyse the risks to the firm, should the details of the notification and potential fraud be made public, but no action had been taken by the firm.

Include examples and any relevant jurisdictional regulatory or legislative obligations.

Question 2

The Olympus scandal highlighted concerns regarding the strength of the corporate governance regime in Japan.

Michael Woodford was sacked as president of Olympus after he revealed a $1.7 billion accounting cover-up. The board of the Japanese camera maker lied about the mystery for weeks. When the truth at last came out, the board kept their jobs and the whistleblowing boss lost his. Mr Woodford called it a "black comedy". In no other developed market, he lamented, could this happen.

From a jurisdiction of your choice:

Identify and evaluate why, as well as how, a regulated firm would seek to implement an effective corporate governance regime. Within your response, incorporate any relevant international and jurisdictional guidance or regulatory obligations.

Question 3

The transnational nature of organized crime means that criminal networks forge bonds across borders as well as overcome cultural and linguistic differences in the commission of their crime. Organized crime is not stagnant, but adapts as new crimes emerge and as relationships between criminal networks become both more flexible, and more sophisticated, with ever- greater reach around the globe.
Identify and critically evaluate the effectiveness of the international co-operation regime regarding global investigation and exchange of intelligence. Within your evaluation, examine the involvement from some of the international governing bodies and organisations that have provided guidance.

Question 4

Fraud and money laundering are global concerns and continue to impact on economies world- wide. To embed an effective financial crime prevention (FCP) framework within any country or jurisdiction requires international cooperation.

For a country of your choice, evaluate the importance of inter-government cooperation and the use of mutual legal assistance treaties for both money laundering and fraudulent activity.

Reference no: EM132352567

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len2352567

8/5/2019 10:37:12 PM

12. The ICA has issued guidelines on academic malpractice to help clarify for you what will be considered as constituting these offences and to indicate the nature of the penalties that may be imposed where they occur. Further advice on all aspects of assignment writing and submission is available in the ICA Assessment Handbook All questions can be answered in relation to a jurisdiction with which you are familiar. Where a specific jurisdiction has been selected this should be clearly stated in your answer. Answer all questions.

len2352567

8/5/2019 10:36:51 PM

Word count 7. The total word count for this assignment should be between 2,500 and 3,500 words. This includes all in text references and appendices but excludes any footnotes, bibliography, reference page or contents page. N.B. Appendices should only be used in exceptional circumstances and should consist of only brief extracts or tables. 8. The amount of words per question should reflect the number of marks allocated. 9. Penalties will be applied for excessive overall word count. Academic malpractice The ICA regards plagiarism and other forms of academic malpractice, such as collusion and fabrication, as serious academic offences. 10. When submitting your assignment to ICA you have responsibility for ensuring that: a. it is entirely your own work, except where you have given fully-documented references to the work of others b. the material contained in your assignment has not previously been submitted for assessment in any formal course of study.

len2352567

8/5/2019 10:36:43 PM

Please read through the following guidance notes before writing your assignment. Submitting your assignment 1. Please collate your assignment as a single document in a Microsoft Word format. 2. Save the assignment as your candidate ID number, e.g. CON-000123456. 3. All marking is anonymous, which means your name should not appear on your work. 4. You must state which region/jurisdiction you are from in the header of each page. 5. You must ensure that all of your work is properly referenced using footnote referencing. 6. Penalties will be applied to those candidates who submit their assignment after the due date.

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