Describe how businesses can guard against becoming participants in money laundering schemes. Include a discussion of at least five red flags that might be seen in a possible money laundering scheme.
The use of money laundering to allow illegal money to be run through legitimate and sometimes unsuspecting businesses has grown due to advances in technology. Money laundering is the process of running the ill-gotten gains from criminal acts through our financial systems to disguise their illegal origins and make them appear to be legitimate and, therefore, spendable funds. Even though new anti-money laundering rules appear every year, the basic building blocks remain the same. By having regular meetings, banks and law enforcement can keep each other up to date, verify any suspicions, identify possible networks, and enhance the public-private partnership, creating a united front against money launderers. When approached with a business proposition, there are a number of things you need to ask to ensure that it is a legitimate partnership or if it sends off alerts to potential money laundering. First, ask about the amount of money and investors involved. Vague answers are a red flag. Second, if someone has contacted you suddenly and wants to invest in your business, you need to ask why and start doing some investigative work.
blocs of superpowers. Nehru’s account of the world order was different from a typical structural realist accord- the issue of military pacts represents a cleavage between the ‘big and powerful countries’ on the one hand and the ‘weak and small Asian countries’ on the other, where the former operated a ‘sphere of influence’ (Kristinsson 2012, p.43).
The kind of impact the countries of the South had on the Cold War is evident with the reaction of the US regarding the Bandung conference. Prior to the conference, the US had made efforts to counter the influence of neutral countries such as that of India and also offered guidance to their allies like Pakistan, Turkey and Philippines. Their main worry with regard to the conference was that they feared being excluded from what they thought would develop into an effective forum, might emerge as a solid bloc at the United Nations( UN) led by China and India but most of all this development threatened to restructure the international society.
At Belgrade in 1961, the first conference for the Non-Aligned movement(NAM),it was established that the countries that were a part of it will stay independent from both the Eastern and the Western bloc. The United Nations Conference on Trade and Development (UNCTAD) was founded in 1964, following the demands of the South for establishment of a new institution concerned with the regulation for the North-South exchange. With the formation of the Group of 77(G-77), UNCTAD marked the beginning of a steady cooperation of the developing countries whose membership rose to 131 countries in 1995. NAM played a crucial role in establishing the position of the South in the world through various ways. First, it called for the United nations to be more democratised. It also showed support to the anti-colonial struggles that were still going on in the world, especially against the Portuguese in Africa. The most important contribution of NAM however was it’s call for the ‘New International Economic Order’ (NIEO).The NIEO included demands for the democratisation of global economic institutions, the regulation of foreign investment, better access for developing countries to the markets of the industrialised countries and the protection of ‘economic sovereignty’ (Kristinsson 2012, p.45). The G-77 pursued these objectives at the UN through the UNCTAD. Th