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 |
| Criteria |
Ratings |
Pts |
| 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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