Know your customer

regulations and their effectiveness especially within the banking sector. Further to this, the research will also analyze the usefulness of prevention and detection techniques by organizations and the responsibility against the society and general public. A business can never totally eradicate risk but can bring it to a manageable level. In this respect, anti-money laundering regulations and procedures can help organizations to manage this risk. One of the most famous practice based on the set regulations, is the concept of Know Your Client (worldwide known also as “KYC”). Knowing your client procedure requires the appropriate identification of the client and based on that, banks are alerted to any suspicious activities and transactions that may happen. Through this study, we will evaluate the AML measures that banks must apply to all clients to be able to categorize them. Viewed from this perspective banks would not face the temptation of engaging with high-risk customers and PEPs thus strengthening the fight against corruption. Nonetheless, through experience and tighter controls, many of these crimes can be detected and thus, prevented especially when focusing on the link between corruption and money laundering. Reference is particularly made to the Financial Action Task Force’s (‘FATFs’) 40 +9 Recommendations and other guidelines, the EU’s Directives on preventing money laundering and funding of terrorism, the Prevention of Money Laundering and Funding of Terrorism…

Anastasia Jakub Mr. Snader Old Testament Bible April 6 2017 In this essay I will be explaining what the Ten Commandments meant to the Israelites when they first received them, how we interpret the Ten Commandments today, I will also be giving several examples of how we interpret them today. The Ten Commandments were ten beneficial laws that were given to show us how to create a better life and please God. God gave to the israelites to help them live a better life and please God…

I will need to know which ingredients work well with one another and where to source the products. In addition, the ingredients must be cost friendly, I will need to roughly know the pricing indication of the produce. Knowledge of ingredients is particularly important due to the strict labelling and guidelines set out by the ACCC, every item placed in the product must serve a purpose that is not damaging to the consumer, everything must be safe and natural, since that is what I am labelling it…

I was involved in the Target cyber-attack. I was aware of the Target compromise but a few weeks had passed and everything appeared to be normal. It was three weeks after the compromise and, while I was not contacted by Target, I was notified by my bank that suspicious activity had taken place on my bank account. My bank reissued a new debit card with a new identification number and took care of the activity on my account. While I do not know what the activity was or the amount, I know my bank…

CITATIONS…NOT SURE WHICH ONE ENDNOTE USES? LASTLY….I cited statistics from a summary article because the original you had to pay for. Do you think he’s going to care? I can site the original…just didn’t know if you thought you needed to? TITLE With the new innovations technology has brought to the business world, the model “bring your own device,” or BYOD, is becoming a popular strategy for many organization to continue to keep up with new trends as well as keep customers and employees…

Survival Course What’s being proposed? I am proposing an idea called ‘Survival of the wilder worms’ held at Waitomo adventure’s ltd as I know they have a lot of bush land for this to be held there. I would like to propose to the owner of Waitomo Adventures this as it would benefit their company by having an extra activity for groups to take part in. What you will learn is how to build a natural shelter, light lasting fires, build a search and rescue fire, tread water and learn how to survive…

Why waste time/money on staff training if you don’t know what, if anything, your staff are learning? Investing time and effort in training employees (or volunteers/partners) and then never verifying how much they actually learned is short-sighted, penny-wise and pound foolish (a.k.a stupid). Certainly, everyone takes it for granted that certifications have a test associated with them. First Aid, Lifeguarding, WMIS, CPA and driver’s licenses all require testing to confirm that a minimum level…

Starting A Business Starting your own business can be very rewarding but it is not an easy task as many people think it is. You have to plan and look at each step carefully. Its not something you just think about one day and do it. Look at everything from what you are selling and where to writing a business plan and getting your business set up. The first question you should always ask yourself in starting a business is “Why do I want to work for myself, rather than for somebody else…

Interview a Current Student at ECU. I had asked Christi Baker who is a current student at ECU. Also, a co-worker of my if I could interview her. She is attending a college that I am really hoping to transfer to. Christie has attended ECU for three years. She is working on her Management degree, She also is an employee with State Employees’ Credit Union. While Interviewing Christi today I have learned a lot of beneficial information about ECU and her. One of the most important issue she made…

The data collected to determine the need of training was from CEO and interviewing employees. Main concerns were high overhead in terms of overtime due to misplacing furniture in the warehouse. CEO understands and agrees that this training is needed to lower overhead; have better communication with warehouse and truck driver; and reduce drastically her overhead. References Biech, E., & Bingham, T. (n.d.). Training and development for dummies. Bolton, R., & Bolton, D. G. (n.d.). What great…