Money laundering-major scandal for the bank

Reference no: EM1354278

(Fort Davis State Bank )

Analyze the money laundering issue that caused a major scandal for the bank. What was the problem with the AML programs? How did the regulators fail at first? Discuss whether this bank did the right due diligence on its customers and what it could have done better. How was management involved? How could the red flags have been ignored? What were the penalties? Were placement, layering, and integration involved in these cases? What methods of money laundering were used

In addition:How would you use this case study as example of how important it is for international agencies to work together? What would you suggest that your audience should be doing going forward to track and deter money laundering before it reached these levels? Are there other agencies that should be involved? How?

Reference no: EM1354278

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