Financial institutions.

Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned reading articles are attached. Must include a cover page and reference page. Must include multiple (at least 3) outside academic resources with free links. Sentences should be short but thorough.

 

Question: Choose an example of misconduct in the financial industry. In a 4-5-page analysis paper, explain the issues of corporate governance in the face of strong incentives and weak controls. Recommend best practices to improve the firm’s ethics and compliance.

 

MBE540 Assignment Rubric

 

MBE540 Assignment Rubric
CriteriaRatingsPts
This criterion is linked to a Learning Outcome Description of criterion
25.0 pts

Assignment demonstrates excellent use of various critical thinking standards and concepts. These may include proper use of logic, reasoning and the posing of well-considered questions.

25.0 pts
This criterion is linked to a Learning Outcome Content and Development
20.0 pts

Content is very comprehensive and supported by detailed references to lectures and assigned readings. Thoroughly evaluates the impact, creativity, and value of the subject.

20.0 pts
This criterion is linked to a Learning Outcome Research
15.0 pts

Contains at least 3 references to valid (recent, relevant, high-quality) external sources of information.

15.0 pts
This criterion is linked to a Learning Outcome APA Format and Style
5.0 pts

APA format and style is accurately and consistently applied to the entire assignment.

5.0 pts
This criterion is linked to a Learning Outcome Writing Organization
5.0 pts

Material is organized in a logical fashion and contains appropriate headings and sub-headings.

5.0 pts
This criterion is linked to a Learning Outcome Writing Mechanics
15.0 pts

Writing is entirely free of grammatical, spelling and/or language errors.

15.0 pts
This criterion is linked to a Learning Outcome Length
10.0 pts

Within target range, not including title page, table of contents or references page.

Answer preview

The typical known example of the misconduct committed by financial firms such as banks is money laundering. According to Demirguc-Kunt, Detragiache, & Tressel, (2006), money laundering refers to as the process of deriving money from the criminal activities (dirty money) and later given an appearance to have been obtained legitimately through a series of transactions to cover the source.  Money could be gained through various activities such as drug trafficking, human trafficking, weapon trading, terrorism among other illegal activities. Money laundering in the financial industry is not only unethical but also illegal. Any financial institutions found guilty of facilitating or endorsing money laundering is prone to heavy penalties or even risks closure.  The case study below illustrates HSBC bank money laundering misconduct.

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