Law - Finance and Investment Law - Essay Example

Comments (0) Cite this document
Summary
The organizations associated with anti money laundering are also discussed and the conflict between human rights and anti money laundering laws is highlighted in the essay as…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Law - Finance and Investment Law
Read TextPreview

Extract of sample "Law - Finance and Investment Law"

Download file to see previous pages In the United Kingdom, there was a survey which was conducted by the insurance industry. The results showed that the UK annually loses £85 billion every year, and more than half of this amount is related to drugs. However, there are a number of laws in the UK which can prevent the occurrence of money-laundering. One of the important obligations that a British citizen has, is to report a case of money laundering if he or she is aware of that. If the person doesn’t make a report however, he or she may have to spend fourteen years in prison.
The Authority of the House of Lords (2009, p.8) states ‘Money laundering involves the following stages, which may overlap: Placement stage: where cash derived directly from criminal activity (for example, from sales of drugs) is either placed in a financial institution or used to purchase an asset; Layering stage: the stage at which there is the first attempt at concealment or disguise of the source of the ownership of the funds; Integration stage: the stage at which the money is integrated into the legitimate economic and financial system and is assimilated with all other assets in the system.’ In essence, money-laundering is the process through which illegal money obtained from means such as drug trafficking, prostitution and extortion is forced through a cycle which eventually makes that same money appear as if it was obtained through legal means. It’s extremely difficult of putting a perfect value of money-laundering. The International Monetary Fund of the IMF estimates that the money-laundering industry worldwide is worth about one trillion U.S. dollars per year. This amount is 3% of the world’s aggregate gross domestic product. The Authority of the House of Lords (2009, p. 27) states ‘The major exception in international practice to the default position, mandated by the UN ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 words. Retrieved from https://studentshare.org/miscellaneous/1561343-law-finance-and-investment-law
(Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 Words)
Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 Words. https://studentshare.org/miscellaneous/1561343-law-finance-and-investment-law.
“Law - Finance and Investment Law Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/miscellaneous/1561343-law-finance-and-investment-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Law - Finance and Investment Law

Internationa project finance law

...?International Project Finance Law Economy in Malaysia: The economy of Malaysia shows a rising trend and it is comparatively on open, oriented,and a recently industrialized market economy. The condition plays a significant role other than a declining function in leading economic activities in macroeconomic plans. “Malaysia, a middle-income country, has transformed itself since the 1970s, from a producer of raw materials into an emerging multi-sector economy. Under Prime Minister NAJIB, Malaysia is attempting to achieve high-income status by 2020, and to move farther up the value-added production chain by attracting investments in Islamic finance, high technology...
20 Pages(5000 words)Essay

Islamic Finance Law

...that comprises of ljara and musharakah. The major feature are its variable rate of return and good credit profile which makes it attractive for new customers coming from Islamic and non Islamic sector. Sukuk: This is one of the most popular instruments of Islamic finance that raised capital through investment bonds known as sukuk. Sukuk is part of well defined pool of assets which gives good return and income that is passed on to the investor. Takaful: It is alternative to traditional insurance. The basic tenets of Islamic laws are used to insure people against financial risks. The main distinction lies in its methodology that relies on contribution of individual to common pool which can...
6 Pages(1500 words)Dissertation

International Investment Law

...?International Investment Law Introduction International investments by corporations have become rampant. These investments however have given rise to various issues. This paper shall provide a case note on the arbitral award in the case National Grid, Plc v. Argentine Republic. Specifically, paragraphs 51-56 and 135-201 shall form the basis of this case comment. This paper shall present the relevant facts of the dispute; the findings of the tribunal in relation to each of the relevant claims; and the analysis of the arbitral award and the reasoning of the tribunal in light of the applicable international investment law. Relevant facts of...
14 Pages(3500 words)Essay

Law of Investment

...Charlie that upon investing 300,000 dollars he will be able to make 10% profit during the first year and 25% profit by the third year. The culpability of Denise and her advisory agency is further compounded when the concept of fiduciary is introduced. By the term fiduciary duty, it is meant that the ethical relationship of trust between parties must be upheld. The same is not optional when it comes to contract law in almost all legal jurisdictions, including Australia. According to Rickett (613), when discharging fiduciary duties, it is binding that the representatives owe their clients fiduciary duties and must, therefore, act in the best interests of these clients in order to eschew the danger of...
7 Pages(1750 words)Assignment

Business law - chinese trade and investment law

...BUSINESS LAW - CHINESE TRADE AND INVESTMENT LAW China was so keen on gaining membership in the World Trade Organisation (WTO) because it would be able to promote its national reforms, develop its national economy, and boost economic and trade cooperation between itself and various countries and regions around the world. Its membership would help bring about a steady development of the world economy and contribute to the establishment of a just and reasonable international economic new order (Chen 2000). On the political and diplomatic side China had always wanted to be recognized by the large multilateral institutions, the WTO being prominent on the list of those to which it is not a...
12 Pages(3000 words)Essay

Foreign investment law and international trade law

...Foreign Investment Law And International Trade Law Can No Longer Be Separated: They Need To Be Studied And Applied With A Coordinated Or Even Integrated Perspective 1. Introduction Study of Foreign Investment and International Trade Laws requires a thorough analysis of the global trade scenario that involves cross border trades in goods and services, capital mobility, expropriation of property rights in host countries, labour standards and mobility, International monetary stability, and economic development. The positive effects of International Trade and foreign investment on economic growth as first pointed out by Smith (1776) are...
9 Pages(2250 words)Coursework

Investment Law - Money Laundering and Terrorist Finance

...sectors and entire economic growth. Strong correspondence that may exist between rules of good governance and policies of anti-money laundering may help in solving the risks associated with money laundering and financing of terrorism (Madinger, 2006, p. 204)3. A strong governing rule of law in developing countries’ financial institutions is significant for the growth of economies. Policies for ant-money laundering are elements of good policies for governance that forms concrete environment or law in many financial institutions of developing countries. A well known sign of this is the wide overlap that is found between the inter-governmental organizations and rules of prudential financial...
16 Pages(4000 words)Essay

Investment Law

...Swarna1 Word count: 4547 Order # 303067 d 4th June 2009 Investment law Analysis of the risks posed by money laundering and terrorists finance to the global financial system, and identification of the international efforts being made to deal with this threat. Introduction Money laundering is the practice of manipulating the finances or funds which were possessed illegally or through unfair means but after the manipulation an impression would be generated that the obtained funds are quite legal1. The extent and magnitude of 1:Richards, J.R. (1998). Transnational Criminal Organizations, Cybercrime, and Money Laundering: A Handbook for Law Enforcement Officers, Auditors, and Financial Investigators. CRC publication. P:344. ISBN-10... . P:352....
16 Pages(4000 words)Essay

International Finance and Law

...INTERNATIONAL FINANCE AND LAW By International Finance and Law As a bank manger at Melbourne Bank, having received a request from the New York Bank to pay on the terms of the letter of credit, I would not make any payment as regards this request, after noticing a discrepancy between the Bill of Lading description of the goods, and the description of the goods on the Letter of Credit. The Letter of Credit provides for #51 steel ingots, with a warranty for purity (no more than 1.6% carbon). On the other hand, the contract of sales between SS and MM describes the goods as #51 ingots, with a warranty for purity (no more than 1.6% carbon). A close analysis of these two descriptions of the same product provides two different products... and...
3 Pages(750 words)Assignment

Finance law

...the clients involved of their financial security. For instance, signing of the corporate treasury agreement between the Tco Company and Q groups of companies. The signing offers either of the companies a base to file a legal suit in case one of them fails to conform to the lines of the agreement. Such is an assurance of security that financial law offers to the clients (Mclean, Zhang& Zhao, 2012). Bibliography BAMFORD, C. (2011). Principles of international financial law. Oxford, Oxford University Press. Mclean, R, Zhang, T, & Zhao, M (2012). Why Does the Law Matter? Investor Protection and Its Effects on Investment, Finance, and Growth, Journal Of...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Law - Finance and Investment Law for FREE!

Contact Us