REPORT ON ANTI MONEY LAUNDERING BY CITIBANK OFFICIAL. PAGE | CONTENT | 3 | An overview of Citibank | 3;4 | Summary of the scandal | 5;4 | How did the scandal happen | 5;6 | Firm’s negligence and how the malpractise was hidden | 6;7 | Impact on customer and bank | 7;8 | Avoid repeat of such money laundering cases | 8 | The role of institutions | 9 | References | OVERVIEW Citibank‚ an international bank was founded in 1812 on June the 16th
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Financial Statements Tonjes Bolden ACC/280 May 31‚ 2011 Financial Statements Accounting defines as a systematic report and analysis of an organization’s financial transactions
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Miranda Berishaj 1st hour Smith 1/10/15 U.S History midterm review Unit 1 1. Clayton antitrust act sought to prevent anticompetitive practices. 2. urbanrural population shift people moved from rural areas to urban areas‚ urbanization. 3. Jane Addams – a pioneer for women’s rights and a leader of suffrage. 4. Sherman antitrust act – broke up trust and prevented monopolies. 5. women’s Christian temperance union – first organization devoted to social reform for women. 6. Chi
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The Policy Goals of Regulation It is commonly understood that financial regulation should be designed to achieve certain key policy goals‚ including: (a)safety and soundness of financial institutions‚(b) mitigation of systemic risk‚ (c) fairness and efficiency of markets‚ and (d) the protection of customers and investors. These broad goals‚ while clearly important‚ do not take into account an additional factor that has come to be regarded as critical in any well-functioning regulatory system; namely
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Financial Statement Companies use several tools such as a balance sheet to make sound business decisions. A balance sheet is a quantitative summary of a company ’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns‚ and the second part shows all the financing methods (such as liabilities and shareholders ’ equity) Also‚ called statement of condition.
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that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital‚ withdrawal of funds from financial intermediaries such as banks‚ thrifts‚ and life insurance
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is a great example of those opuses which let oppressed people’s voices be noticed. Frank Capra‚ rather than simply criticize the cruel truth of society‚ brought forward his new movie‚ You Can’t Take it With You‚ in order to bring a sense of relief with his unique humor. The protagonists of You Can’t Take It With You have opportunities to make their dreams come true: The eccentric Professor Vanderhof’s good nature asserts itself and converts Anthony P. Kirby to do what he likes instead of lusting
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Never Bet the Devil Your Head is an attack on transcendentalism‚ more than once the narrator calls transcendentalism a disease afflicting Toby Dammit. In fact Edgar Allan Poe is know for admitting a distaste for transcendentalists‚ whom he coined "Frogpondians" after the pond in the Boston Common. In particular Poe ridiculed their writings by describing them as "obscurity for obscurity sake.” At the most literal level‚ Never Bet the Devil Your Head is about a man who routinely ends his sentences
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“ The mystery behind thus business isn’t building an airplane that flies and is safe. It’s building an airplane that is salable and profitable.” - Wolfgang Demisch The Boeing 777: A Financial Analysis of New Product Launch I. Case Summary: The Boeing Company is an Industrial Aircraft Design and Manufacturing Firm‚ diversified in its offering of products for both the Defense Industry and the Commercial Airline Industry. In October 1990‚ CEO Frank Shrontz
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Countrywide Financial: Failure of Corporate Governance‚ Incentive Compensation‚ & the Sub-Prime Crisis Executive Summary: Countrywide Financial was a mortgage-banking firm. They had one of the largest market shares in the early 2000s‚ when the mortgage market was booming. “No company pursued growth in home loans more aggressively than Countrywide” (NY Times 12/10). They were the leader of their industry‚ with 500 billion in home loans‚ 62‚000 employees‚ 900 offices‚ and
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