Social work reflective practice Essay Example | Topics and Well Written Essays - 2250 words

Social work intelligent practice - Essay Example 26). Social specialists when all is said in done are normally urged to think as indicated by the terms of management, earth shattering methodology and diversity in broad going. Thus, a social mental point of view on social occupation administration is both compulsory and critical for this variety of concern. Critical thinking and learning are firmly related. Critical thinking includes the information required by the responder which then again learning satisfies it totally. There are various techniques to critical thinking that empowers one to take care of various issues, clashes and a lot more issues (Reamer 2013, p. 36). Every one of these techniques expect one to initially distinguish the issue. The reflection can be utilized as the center procedure of tackling or dissecting the current issue, which for this situation is a contention between two young people associated with a battle with a stretch out of both admitted to the emergency clinic by the police. In this undertaking, the intelligent model will push the responder to completely adjust to the assignment which is the contention. The two young people gazed and contended on account of a unimportant issue, which drove them to a furious battle. That which is usually known as â€Å"intelligence† is clearly the aftereffect of th e connection of an extraordinary number of subjective The utilization of inspiration and realizing the foundation will; be that as it may, assist me with knowing the reason for the battle, which will be achieved capacities, for example, engine control, vision, learning, critical thinking, and language use, just to give some examples (Akhtar 2013, p. 55). However, most analysts don't completely abuse the limitations that these resources force on each other. For instance, research on critical thinking regularly accept the presence of rich area information for taking care of complex issues, however it is run of the mill overlooks the issue the obtaining of the expected information. Correspondingly, research on adapting frequently sees the student as a substance unto itself, and core interests

Essay Conclusion Samples

Essay Conclusion SamplesThe essay outlines that are necessary for the composition of academic papers typically have an essay conclusion. This is the point at which the essay culminates in a form of closure. The conclusion usually involves a discussion on what is in the paper. The conclusion, therefore, is usually given much importance and usually deserves to be taken seriously.In contrast, there are writers who enjoy writing them as well as those who do not. Although it is advisable to be respectful of the writer's wish, this could also cause confusion. In this regard, people ought to take note of the following essay conclusion samples that may help them determine the need for what they are going to write. The purpose of these sample are to enhance the writing of the papers and help people to be knowledgeable about the topic in such a way that the purpose of the paper becomes more intelligible. A concise but effective conclusion will help the writer.These essay conclusion samples can be found in countless amounts and can be downloaded online. One can easily do so by searching for them on the web. There are different websites that offer essay conclusion samples so one will need to be selective on which websites they choose to visit.In the final analysis, the best conclusion is often one that is explanatory, but brief. It does not need to be long and also does not need to be technical in nature. This is the result of the writings of grammar and style experts who were also known to be meticulous in this particular matter.An important thing to remember is that one should not force their conclusion into their paper. It must not be something that the writer has specifically written in the beginning of the paper. Most often the conclusion is only utilized when there is no time left to add anything. This will help the writer develop their writing skills and also enables them to understand how to conclude a paper that could have been written in another manner.Once the c onclusion samples are in place, the writer should start by preparing the content of the paper. This will help the writer to generate ideas and come up with better ideas that might be more effective and informative. One can begin by reading about this subject in any medium and then copying the ideas and adding them to the paper.This process should continue until the conclusion is developed and ready to be used. The author should never try to read the entire contents of the paper before writing the conclusion. A short summary of the paper should be the time to do this will assist the writer to develop a clear and concise one.One will find many essay conclusion samples on the internet. Some are free while others require payment. The most popular conclusion samples are those that are free and this is why the writer will want to access these.

A Key To Successfully Writing An Essay Topic

A Key To Successfully Writing An Essay TopicSelecting a good set of descriptive essay topics for college can sometimes seem difficult. But, if you keep in mind certain things, it can become easier.The first thing to keep in mind is that writing an essay topic should not be used as a crutch. There are many other things to do besides to spend time writing about the subject at hand. If this is all you do, then you are only wasting your time and effort.Choosing a good topic for your essay will require you to be meticulous. It is important to know where you want to take your study and what kind of skills you can demonstrate with this knowledge. For example, if you know that you want to be a writer, you will need to choose a topic based on what writing techniques you possess. If you have some kind of writing or creative writing experience, you may want to consider exploring your creative side with a different topic.However, if you do not have any kind of specific skill yet, you will need t o focus on areas that will enable you to gain some understanding of what skills you need to be able to successfully write. These skills might include grammar, sentence structure, and other aspects that will prove helpful in the future.Some good topic ideas may involve the subject matter at hand. For example, if you are going to be studying philosophy, you might want to explore the subject of philosophy in general. It can be a good idea to make your essay about the general theme of philosophy. By doing this, it will become more interesting for your reader and they will more likely to continue reading on to the end of the paper.It is also important to remember that topics for college and high school will be different from those that you will need to cover in college. Because of this, you will need to incorporate various methods of expression into your essay. Sometimes this can include what kinds of feelings are depicted in the essay and other times it can be through a different method that shows a more experimental approach to the written word.There are plenty of topics that you can use for your essay but it is crucial that you choose a good topic for a college. One of the reasons why this can be difficult is because there are so many to choose from. This makes it easy to lose interest and it becomes harder to figure out what topics are worth pursuing. This is not always a bad thing because it does teach you that you should spend some time perusing your options.Once you know that a good topic is available, you will need to start making an outline for your topic. This will help you know how the entire essay will end up being structured. This will also ensure that your essay will be structurally sound.

Taking a Look at Stress - 1745 Words

Stress is said to have existed throughout evolution. In most cases stress is debated with the perception that it is only associated with human beings. If we look at geography, the formation of the planets and everything existing in them is a result of stress in the form of meltdown which happened over millions of years. Rivers are formed as a result of soil erosion when the earth’s surface is subject to stress by wind or running water. History talks of the transformations from the Stone Age to the technological age. In trying to cope with the survival in their environment, men invented extraordinary technologies. From an optimist’s point of view, stress can be referred to as a good evil. Laconically, potential causes of stress are numerous. Stress is linked with the working and living environment. Stress affects people, and people are part of organisations and as a result organisations are also affected. And if stress is not properly addressed, it can lead to burnout. (1) What do researchers say about the causes of stress and burnout? Stress is the reaction of the body to changes and other demands which requires the body’s physical adaptation. (Werner, 2011:232). In other words, stress comes as result of limitations and demands (Robbins, Odendaal Roodt, 2003, p420) and it incorporates the interaction between an individual and their environment. (Robbins, Odendaal Roodt, 2003:420). McGrath (1976) cited by Kellogg(2006:40) pointed out that stress is the response toShow MoreRelatedTaking a Look at Stress763 Words   |  3 PagesStress can be defined as change in one’s physical or mental state in response to strain and pressure. A truly ignored side of stress is, it can be positively adaptive. positive mental stress can prompt inspiration and test rather than uneasiness. Stress can help people in achieving their goals and taking them through challenging situation but stress can also become burdensome leading to emotional distress or physical illness. It could be outer and identified with the environ ment, however it mightRead MoreTaking a Look at Stress940 Words   |  4 PagesStress is the feeling created by the body when it reacts to certain events that put tension or strain upon one’s physical, mental, or emotional state. Acute stress, is short term stress that can last anywhere from three days to four weeks. On the other hand, chronic stress is a more serious problem because it is long term stress and can impact health even more. When under constant stress, also known as hyperarousal, blood pressure rises, breathing and heart rates speed up, blood vessels constrictRead MoreTaking a Look at Oxidative Stress1059 Words   |  4 PagesOxidative stress is one of the most important stimuli that initiates CCl4 mediated liver damage. Lipid peroxidation as result of oxidative stress is well known to be involved in the liver injury (Lin et al., 2012). There are a number of studies that has reported the alkynated halogen CCl4 to be widely used as a hepatotoxin to induce liver toxicity in experimental animal models (Weber et al., 2003). Analysis of histopathology revealed that intragastric administration of CCl4 causes damage to the hepaticRead MoreTaking a Look at Adult Stress1295 Words   |  5 PagesUntil recently, stress was considered mainly associated with adulthood. The impact of stress on other parts of the lifespan is now being acknowledged. In this project, it is my mission to explore stress in depth. I will research general information about stress and attempt to reveal sources of stress, and it varies at different stages in life. To finish, I will examine some techniques for informally assessing stress and treatment options. STRESS IN GENERAL What is stress? Stress is a normalRead MoreEssay about Job Stress1011 Words   |  5 Pagespaper I am going to explain why job stress happens and ways that you can relieve it. One type of stress is job stress. Job stress is when the stressors involved are work related. NIOSH the National Institute for Occupational Safety and Health states, job stress is the harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the worker. There are many things in life that cause stress and working a job is just one ofRead MoreDifferent Forms of Managing Stress862 Words   |  4 Pagesforms of managing stress. Emett, Rita. (2009). Manage your time to reduce your stress. A Handbook for the Overworked, Overscheduled, and Overwhelmed. New York, NY. Walker Publishing Company, Inc. The author of this book, has been published several books and Conducted workshops educating readers on how to avoid Procrastination and promote self improvement projects. She has been guest in over one hundred radio and Television Shows in which she speaks about ways to manage stress. She Worked asRead MoreCauses And Symptoms Of Stress1339 Words   |  6 Pages Causes and Symptoms of Stress First off, what is stress and why is it such a burden to deal with? Stress is known to be a killer, too much stress can strain your health by: sleeping problems, digestive problems, heart disease, and many more. Stress is a normal physical response to events that make you feel or act threatened or upset with your words, feelings, and even body language. When you sense some sort of danger it could be real or imaginary the body s defenses kick into high gear so fastRead MoreA Brief Article On Stress Management1212 Words   |  5 PagesStress Management - How to Reduce, Prevent, and Cope With Stress By Prashant M Chauhan | Submitted On November 23, 2013 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Prashant M Chauhan It may seem thatRead MoreCommunity Service : A Prerequisite Or A Punishment?1253 Words   |  6 PagesNew York, refused to mandate the requirement of community service in his schools. â€Å"If you mandate it, you take out the voluntary part,† said Bierwirth in an interview with The New York Times. He is trying to say that obligating community service is taking away the student’s decision on whether to volunteer or not. The student will quickly go from wanting to do community service to needing to do it so they can graduate from high school. No kid wants to be held back a year just because they didn’t completeRead MoreApplying The Self Assessment Exercise848 Words   |  4 Pagesestablish a stress free life, one of the most important aspects one should pursue together is having a balanced healthy lifestyle. Paying attention to the level of changes in once life over a period of time requires a full attention and cooperation of the individual’s daily activi ty towards achieving this goal. As an individual , it is a priority to pay proper attention to my lifestyle by adopting a measuring scale that will help to determine my motivation ,emotion and the state of my stress level in

Overview of Minimum Wage in Canada

When Canadas federal minimum wage laws governing all 10 provinces and three territories were eliminated in 1996, the minimum hourly wage rates for experienced adult workers were set by the provinces and territories themselves. These minimum wage rates have periodically changed, and the new minimum wage laws usually take effect in either April or October.   Exceptions to Canadas Minimum Wage Some circumstances circumvent the general minimum wage, applying different minimums to some workers. In Nova Scotia, for example, employers can pay an inexperienced minimum wage to workers for the first three months of employment if they have less than three months prior experience in a field; that wage is 50 cents lower than the general minimum wage. Similarly, in Ontario, the minimum wage for students is 70 cents less than the general minimum wage. Different work situations affect the minimum wage in some provinces, too. In Quebec, the minimum wage for all workers who receive tips is $9.45, which is $1.80 less than the minimum wage of general workers, and the minimum wage for liquor servers in British Columbia is $9.60, more than $1 lower than the general minimum wage. Manitoba has separate minimum wages for security guards ($13.40 per hour in October 2017) and construction workers, whose pay depends on the type of work and experience. Liquor servers in Ontario earn $1.50 less than the minimum wage but home workers earn $1.20 more. Minimum Weekly and Monthly Wages Not all occupations are covered by the general hourly minimum wage. Alberta, for example, passed a three-stage wage increase for sales workers, from $486 per week in 2016 to $542 per week in 2017 and $598 per week in 2018. The province did the same with live-in domestic workers, raising the 2016  wage from $2,316 per month to $2,582 per month in 2017, and to $2,848 per month in 2018. Examples of Minimum Wage Increases in Canada Most provinces have periodically revised minimum wage rates since Canadas federal mandates were eliminated. For example, in 2017 Saskatchewan tied its minimum wage to the Consumer Price Index, which adjusts for the costs of goods and services, and plans to announce on June 30 each year any change to the minimum wage, which will then take effect on Oct. 1 of the same year. In the first fiscal year of this plan, the 2016 minimum wage of $10.72 was raised to $10.96 in 2017. Other local governments have scheduled similar increases based on other criteria. Alberta scheduled its $12.20 rate to rise to $13.60 on Oct. 1, 2017, the same date Manitoba ($11 to $11.15), Newfoundland ($10.75 to $11) and Ontario ($11.40 to $11.60) scheduled minimum wage rate hikes. Province General Wage More Employment Standards Alberta $13.60 Alberta Human Services BC $10.85 B.C. Ministry of Jobs, Tourism and Skills Training Manitoba $11.15 Manitoba Family Services and Labour New Brunswick $11.00 New Brunswick Employment Standards Newfoundland $11.00 Labour Relations Agency NWT $12.50 Education, Culture and Employment Nova Scotia $10.85 Labour and Advanced Education Nunavut $13.00 Ontario $11.60 Ministry of Labour PEI $11.25 Environment, Labour and Justice Quebec $11.25 Commission des normes du travail Saskatchewan $10.96 Saskatchewan Labour Standards Yukon $11.32 Employment Standards

General Environment Analysis Analysis Of Itaipu Dam

GENERAL ENVIRONMENT ANALYSIS Demographic Segment †¢ Before Itaipu Dam was created, Iguassu Falls had a population of about 20,000 people. Between 1975 and 1978, over 9,000 houses were constructed to provide accommodations for the project workforce, increasing the population to about 102,000. †¢ Itaipu dam is located on the Paranà ¡ River, at the border of Brazil and Paraguay. Relations between Brazil and Paraguay are based on the contractual aspects of binationality. †¢ Itaipu Binacional (Itaipu) contributed to the job increase in both Brazil and Paraguay, creating about 40,000 workers. In 2003, the Itaipu workforce totaled 1,424 employees in Brazil and 2,036 in Paraguay. †¢ There are 1.6 billion people worldwide without electricity. Economic Segment †¢ Global oil crisis of the early 1970s strongly emphasized the importance of renewable energy sources. †¢ The plant doubles the capacity of power generation in Brazil, meeting 26 percent of the country’s power in demand. †¢ Between 1975 and 1978, Paraguay’s GDP increased from 5 to 10.8 percent. †¢ There was an absolute control of the State in electrical sector until the early 1990s, then privatization process was initiated. †¢ Thermal power offered investment advantages, discouraging new hydroelectric projects. Political Segment †¢ The Itaipu Treaty between Brazil and Paraguay was signed. Relations between these two countries are based on the contractual aspects of binationality. †¢ In the late 1990s, blackouts were the major concern.

Comparisons free essay sample

Comparisons and differences between ballet and hip hop Ballet and Hip hop are two types of dance that are studied by dancers all over the world along with many other types of dance. Ballet is a type of dance that originated from Italy and was shaped by the French. Hip-hop Is a more modern type of dance that was first discovered In the late sasss In America. Both ballet and hip-hop are specific types of dance that uses different types of music, technique, and have different dress codes. Ballet normally uses classical music that is played on the piano.Some ballet classes have an in class pianist that are used during class and can speed up the tempo or slow it down if needed. If not ballet classes might also Just have a CD collection that has classical music on it that the teacher may use during class. Hip hop is a more modern type of dance that wasnt discovered until the late sasss and therefore uses more modern music such as up- beat pop or rap music that may or may not include lyrics. We will write a custom essay sample on Comparisons or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page While the music for ballet normally consists of classical music, hip hop has a variety of different music that can be used.Technique n ballet Is the most difficult part to master. One must start training at a young age In order to become a ballerina. The technique Is more difficult than other types of dance and requires a lot of practice and dedication. While hip hop Is a more relaxed type of dance that can be learned by anyone at any age even If they dont have a dance background. Hip hop can be difficult but just like ballet it takes work and dedication to become successful at it. Ballet and hip hop both have a dress code in how you should look while in a class although ballet is again stricter than hip hop.Ballet requires the dancer to wear pink tights, a leotard of whatever color the teacher or school prefers, ballet slippers, pointed shoes with their hair secured tightly back into a bun. While a male in ballet is required to wear black tights, a dance belt, a white shirt, and black ballet slippers. Hip hop doesnt necessarily have a strict dress code. Most dancers In a hip hop class either wear sweat pants, a tank top or t-shirt and tennis shoes. The difference In the music, technique, and dress code for ballet and hip hop Is what make them unique.Both are used to portray emotion, tell a story or simply Just how off ones skills by pairing moves that complement the music. All in all they both require the same thing which is willingness and dedication to work to become successful at either ballet or hip hop. Comparisons By la_Patrick Comparisons and differences between ballet and hip hop from Italy and was shaped by the French. Hip-hop is a more modern type of dance that was first discovered in the late sasss in America. Both ballet and hip-hop are class. Hip hop is a more modern type of dance that wasnt discovered until the late in ballet is the most difficult part to master.One must start training at a young age in order to become a ballerina. The technique is more difficult than other types of dance and requires a lot of practice and dedication. While hip hop is a more relaxed type of dance that can be learned by anyone at any age even if they dont have a dance background. Hip hop can be difficult but Just like ballet it takes work and white shirt, and black ballet slippers. Hip hop doesnt necessarily have a strict dress code. Most dancers in a hip hop class either wear sweat pants.

Bronfenbrenners Ecological Theory of Development free essay sample

Graduate School and the influences that shaped the decision HS5002 Survey of Research in Human Development and Behavior Bronfrenbenner’s Ecological Theory Urie Bronfrenbenner (1971-2005) created the ecological theory based on different levels to indicate how a child’s environment affects his/her development as well as minor and major life decisions. Bronfenbrenner categorized his theory into four levels: the microsystem, the mesosystem, the exosystem, and the macrosystem. Each level of the theory plays a role in the decision making process and situations throughout a child’s development, which ultimately shape that child into a content, happy, bitter or sad adult. The microsystem â€Å"is the small, immediate environment the child lives in†. (Oswalt, 2008, para. 1). This may include immediate family and non-familial relationships that interact with the child during childhood. When the different parts of the child’s microsystem start working in conjunction for the betterment of the child, this generates the mesosystem. We will write a custom essay sample on Bronfenbrenners Ecological Theory of Development or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The exosystem level influences the child indirectly, as it is comprised of places or people that don’t have personal dealings with the child however still affect the child’s way of life. The last level, the macrosystem, carries the largest weight on a child’s development in that it possesses â€Å"things such as the relative freedoms permitted by the national government, cultural values, the economy, wars, etc† (Oswalt, 2008, para. 4). When coupled together, all levels ultimately will some bearing on a child’s development. The Microsystem and Mesosystem Levels Because the microsystem and mesosystem deals with the immediate family and outside family influences, it’s safe to say that for most children, this includes the home, family, toys, peers, classrooms, and teachers. The home environment will be persuaded by the makeup of the neighborhood. The family will be subjective by such factors as whether a parent is able to take a job that permits frequent contact with the child and the degree to which the parent feels oppressed or happy at work. The people that I encountered when I was younger pre-exposed me to the idea of furthering my education at all costs. I was raised in a single parent home due to the separation of my abusive father from my mother. When I was in the fifth grade, my mother initiated a relationship with another man, who stepped in and replaced my absentee father’s position. Because my step-father was still involved in a loveless marriage, he did not spend as much time in the home as a father should therefore leaving my mother to be a single parent throughout my entire childhood and adolescent years. Education has always been instilled in our family, dating back to my great-grandmother. Unfortunately, not all of my family members advanced their education so the burden was placed on my generation. Since my tender childhood years (between ages 5 and 13), education was very important to me. Bronfenbrenner (1986) has pointed out that the family is of crucial importance in the development of childrens abilities. (p. 723–742). My mother was an integral part of my education when I was in elementary school but by the time I was promoted to sixth grade, her interest in my grades and school performance slowly decreased. My middle school teachers saw the potential in me to accomplish great things in life so where there was a lack of parental support, I received support from my middle school teachers, administration and peers. The lack of relationship between my biological father and mother caused early disruption in my life however it posed no threat to my education. I believe their previous abusive marriage and unwillingness to get along post-separation hindered my growth in a few areas of my childhood. By the time I was advanced to high school, my mother’s full support no longer existed. Because of her decision, I turned to other means for emotional and mental support. My high school GPA was not the best due to the constant behavioral problems showcased throughout my entire high school career. I was involved in several physical altercations and numerous minor and major behavioral issues including walking out of class, using profanity towards the teachers, etc. My mother’s authoritarian parenting style emphasized obedience, even at the expense of my autonomy. Despite several interferences within my early development, I finally began transitioning into college-girl mindset. The decision to apply to undergraduate college commenced from a dream that my twin sister and I came up with. Our preliminary plans were to attend college together, obtain our Bachelor’s in Accounting, and open a firm to work with big corporations as top accountants. While the dream to attend college remained stagnant, the degree choice changed after our first semester in school. Right at four years on the head, I graduated with my first Bachelor’s of Social Work, and re-enrolled in school to pursue Criminal Justice. During my junior and senior year in college, my passion for learning about and working with juvenile offenders intensified, which eventually led to my second Bachelor’s in Criminal Justice. After receiving two undergraduate degrees, I was under the impression that furthering my education was a colossal waste of time. I entered the work force with the education I obtained from in-classroom learning and my social work field placement. The Exosystem Level â€Å"The exosystem level includes the other people and places that the child herself may not interact with often herself but that still have a large affect on her, such as parents workplaces, extended family members, the neighborhood, etc. † (Oswalt, 2008, para. 3). My mother failed to maintain employment throughout my childhood. The reluctance of my mother to maintain employment kind of rubbed off on me because I have been unsuccessful with preserving employment for longer than one year. The lax relationship between our immediate family and extended family posed a negative threat on my development as well. Even at 28 years old, I still do not wish to seek a relationship with my extended family members. That refusal stemmed from a long time hurt that I felt on behalf of my mother during his most critical times of need. My immediate family received much support from the neighborhood, which helped my development wonders. Up until third grade, we resided in a neighborhood where every parent knew of each other, and all children were raised by the same guidelines, subject to the same reprimands. Our neighborhood stuck with one another and taught me the importance of the old saying â€Å"it takes a village to raise a kid†. Again, children within my generation were bussed to school together, hung out at school together, and raised around the value of an education. Once my mother uprooted our family from the neighborhood, I noticed that strong â€Å"village† support no longer existed and was not replaced. Still I remained in school and utilized the ideas and shortcomings from my childhood to aide in the decision to enroll in graduate school. The Macrosystem Level The macrosystem can influence a child’s development in a positive or negative way. Because society and culture impact this level, some children may experience conditions such as depression, anxiety, self-esteem issues, etc more often than their peers that are raised in development-friendly homes. The negative culture that I was brought up in still impinges on my choices today. My mother was addicted to cocaine and my biological father was addicted to crack-cocaine and heroin. The constant in and out interaction with their dealers was the reason for my choice in men. The harmful selection in men, however, did not change my willingness to excel in education, thus deciding to enroll in graduate school. A year ago, my choice of men did cause me to prolong applying for graduate school, in attempt to keep up with their opulent lifestyle and criminal consequences. Conclusion â€Å"The most useful aspect of this model is that we as a society can together raise children, if we worked in harmony together, provided our children with a community that supported each other, the outcome on our children will be profound. If our next generation fails, if our future citizens are weak, if mental disorders and illness are on the rise, then it is because we all failed. † (Ahuja, n. d. , p. 8) As Ahuja emphasized the collaboration of society to raise all children, I can honestly say my surroundings and environment shaped my decision to enter graduate school to obtain my Master’s degree in Human Services. References Ahuja, Y. (n. d). Bronfenbrenner Ecological Theory. [Electronic version]. Retrieved from http://www. mymontessoriacademy. com/newsletters/websitebronfenbrennerecologicaltheory. pdf Bronfenbrenner, U. 1986. Ecology of the family as a context for

The National Museum of Colombia

The National Museum of Colombia The National Museum of Colombia: Colombias National Museum (Museo Nacional) is located in the heart of Bogota. Its a sprawling, three-story structure dedicated to Columbias art and history. Although there are some very interesting exhibits, all in all its a little dry. Visiting the National Museum: Colombia’s National Museum is about 10 blocks away from Plaza Bolivar (the heart of old Bogota) on Carrera 7 between calle 28 and calle 29. It’s possible to walk from one to the other, or there are buses on a regular basis. The museum is a massive yellowish brick building that was once a prison: night watchmen swear it’s haunted. It’s open daily except Mondays. Hours are 10-6, 10-5 on Sundays. Adult admission is less than $2 US and is free on Sundays. Whats in the Museum?: Colombia’s National Museum is dedicated to history and art and covers everything from the earliest inhabitants of Colombia to the present. On the lowest floor are rooms filled with ancient pottery and golden ornaments and figurines from long-gone cultures. The museum has sections on the conquest, the colonial era, independence and the republican era. The top floor is dedicated to the modern era, but it’s mostly art and very little history. There is a small gift shop and coffee shop on the first floor. Highlights of the National Museum: The museum is divided into different sections, some of which are more interesting than others. On the first floor is a vault-like room with golden ornaments and figurines from Colombias ancient cultures: its interesting if you havent already gone to the much more impressive gold museum a few blocks away. The archaeology sections are kind of cool, and the independence section is worth a stop, particularly to see the many faces of Simà ³n Bolà ­var exhibit. The colonial era part is best if youre a fan of art from that time. On the top floor are some paintings by Botero and other well-known modern Colombian artists. Lowlights of the National Museum: Parts of the museum are a little stale. The republican era (1830-1900 or so) section is an endless series of stony-faced portraits of former presidents. Surprisingly, some of the most interesting parts of Colombias history, such as the 1000 Days War or the 1928 Banana Massacre, are barely mentioned (and dont rate their own exhibit). There is a room on the 1948 Bogotazo riot, but somehow they have made a day of mayhem and destruction seem boring. There is nothing on the tragic period known as La Violencia, nothing on Pablo Escobar and nothing about the FARC and other modern troubles. Who would like Colombias National Museum?: The museum is best for history or art buffs. Colombias National Museum is a traditional one, in that very few of the displays or exhibits are in any way interactive. Kids may be bored stiff. History fans can skip the third floor entirely, and art fans can go directly from the pottery of the ancient era to see the angels and saints in the colonial section before heading to the top floor to see the Boteros. There are better museums in Bogota: Art lovers should first go to the Botero Museum, and history buffs should check out the July 20 Independence Museum. Non-Spanish speakers will struggle, as few of the exhibits have English translation (and nothing in German, French, etc). Supposedly, English-speaking guides are available on Wednesdays.

The Most Important Qualities of an Outstanding Educator Essay

The Most Important Qualities of an Outstanding Educator - Essay Example One of the core characteristics of an outstanding teacher is the ability to adapt to changing needs. A teacher must be able to accommodate students with the use of latest instructional technologies. Learning needs of the students change with time. A perfect teacher is one who is aware of the changing trends and has the ability to become accustomed to the social and technological changes that may affect students at some point in time.Motivation is also one of the basic qualities of an outstanding educator. A good teacher is always motivated towards bringing positive changes in the educational life of the students. Without motivation, no one can succeed in his/her professional life. Good teachers are very enthusiastic and passionate by nature and put every effort to bring success not only to their own lives but also to the educational life of the students.Commitment is also a quality of an outstanding teacher. A good teacher is committed towards his/her responsibilities and never compr omises on the standard of knowledge that he/she delivers to the students. Commitment is a key towards success for every person and for teachers, it is not an exception. A good teacher is always dedicated and committed to making the students learn everything efficiently. They take their responsibility seriously and take every step to fulfill the responsibility in an appropriate manner. Good teachers view teaching not only as a moral and professional obligation but also as a social responsibility to wards the students.

APA and Scholarly Research Essay Example | Topics and Well Written Essays - 250 words

APA and Scholarly Research - Essay Example While there are other research citation styles used for academic research work, not all of these styles are versatile or efficient. MLA, for example, was designed to be mostly used for research work in the Humanities. Turabian style of citation is rather complex to use. The APA style is most versatile because it can be used in any kind of research work and is simple to apply. Since APA is simpler and more efficient to use in citing references for research work, it would then be of good practice for any researcher to develop the habit of doing proper source citation. As long as a researcher makes a good habit of being consistent when it comes to making the proper citation of references to the research work, the less chance there is for the researcher to commit plagiarism. Being consistent in proper source citing would also develop the researcher’s skill in analyzing information in the research

The Criminal Justice System Essay Example for Free

The Criminal Justice System Essay America imprisons 756 inmates per 100,000 residents, a rate nearly five times the worlds average. About one in every 31 adults in this country is in jail or on supervised release. Either we are the most evil people on earth or we are doing something very wrong. (Webb, 2009, p. 4) This paper will look at basic criminal law, the reasons for lives of crime, a brief outline of the modern criminal justice system, and its future. Criminal LawCriminal law seeks to protect the public from harm by inflicting punishment upon those who have already done harm and by threatening with punishment those who are tempted to do harm. Most people accept that there are consequences for criminal conduct. The consequences are generally unpleasant and take away from the law breaker either his liberty or his property. One purpose of criminal law is to respond to harmful acts committed by individuals. However, each type of law provides different responses. A person who acts in a way that is considered harmful to society in general may be prosecuted by the government in a criminal case. If the individual is convicted (found guilty) of the crime, he or she will be punished under criminal law by a fine, imprisonment, or death. Once someone is found guilty of a crime, either a felony or a misdemeanor, punishment is imposed. The reasons for punishing law breakers are varied, and in some instances the reason may vary with the crime. Each reason has its own purpose, with the principal reasons being: Deterrence, Incapacitation, Retribution, and Rehabilitation. (Davenport, 2009)DeterrenceImposing a penalty for a criminal act is also intended to deter that person from repeating the act. If the penalty is significant enough, the law breaker will think twice before doing it again. Also, when the penalties are well known and there is public dissemination of penalties for a particular crime, it is expected that others who might contemplate the crime would be deterred from engaging in the prohibited activity. (Clarkson, 2005, p. 38) When there is a trial, sentencing, and punishment imposed, there is often a lot of publicity. This publicity is part of the deterrent factor in imposing a criminal penalty. Deterrence is frequently an  argument used to support the death penalty. IncapacitationJail or prison terms generally lengthen with the seriousness of the crime. The longer sentences serve as both revenge and deterrence, and also can serve another purpose. The longer a person is in custody, the less opportunity that person has to commit new crimes. This is particularly true of repeat offenders, which is why there has been a movement toward laws known as three strikes which impose long prison terms or even life sentences on individuals with multiple convictions. When an offender has not been deterred by prior penalties, protection of potential victims from that offender becomes an important consideration. Long jail or prison terms for individuals with multiple DUIs are becoming common as a protection for society. At some point it is in societys best interest to protect itself by certifying that a dangerous person is unable to harm others and incapacitation through custody serves that interest. (Farrington, 2003)RetributionA crime is considered an act that not only injures the specific victim, but also harms society at large. (Davenport, 2009, p. 12) A persons harmful acts may outrage the society as a whole. This gives rise to a desire for revenge, and punishing the criminal tends to satisfy that need. Additionally, having a person punished by society provides some measure of revenge for the specific victim of the act. If society provides an adequate punishment, the need for an individual to seek revenge personally is diminished and provides incentive to seek retribution through law enforcement. (Davenport, 2009)RehabilitationThere is also a value that every human life has meaning and worth, that there is a spark of good in everyone, even those who have chosen to break the laws of society. With that thought in mind, places that were previously known as jail or prison have become Departments of Correction. Some rehabilitation may come from within a person who is incarcerated. Criminals who are imprisoned may evaluate their actions and reshape their behavior so that when their liberty is restored they are able to readjust to  the boundaries of the law. Often programs are offered to offenders to assist in dealing with certain problems. Participation in programs such as drug and alcohol counseling or domestic violence education serves to potentially rehabilitate an individual. Involvement in such programs is often a condition of either continued freedom or reduction of jail time. (Davenport, 2009, p. 41)Justification for criminal punishment is not mutually exclusive. A particular punishment may advance several goals at the same time. A term of imprisonment, for example, may serve to incapacitate the offender, deter others in society from committing similar acts, and, at the same time, provide an opportunity for rehabilitative treatment of the offender. On the other hand, the goals of punishment may at times conflict. Retribution and deterrence call for the infliction of unpleasant experiences upon the criminal, including harsh prison treatment; but the prison environment may not be conducive to, or may even defeat, rehabilitation. Some offenders may even learn to become better criminals while incarcerated. Criminal CareersWhy do criminals pursue careers in crime? To understand the life of a career criminal we must first look at some Historical Backgrounds and Criminal Career Patterns. Historical BackgroundsThere are many theories as to why criminal activity occurs. The classical school theory has five basic concepts. One; everyone has free will. This means that a person chooses to do right or wrong. It also states that the two main determinates of human behavior are pleasure and pain. This theory also states that crime is immoral because of the bond that the act puts between the individual and their society. Also, that punishment is a necessary evil that can keep violators from repeating the crimes and sets examples for others. Finally they believe crime prevention helps to offset the gains of criminal behavior. (Davenport, 2009)Criminal Career PatternsThere appear to be ten widely accepted conclusions about the development of offending (Farrington, 2003):1 The age of onset of offending is most typically between ages 8 and 14, earlier with self-report data and later with official records, while the age of desistance from offending is  typically between 20 and 29 (though a small subset of offenders continue well into adulthood). 2 The prevalence of offending peaks in the late teenage years: between ages 15 and 19. 3 An early age of onset predicts a relatively long criminal career duration and the commission of relatively more offenses. 4 There is marked continuity in offending and antisocial behavior from childhood to the teenage years and adulthood. In other words, there is relative stability of the ordering of people on some measure of antisocial behavior over time, and people who commit relatively many offenses during one age range have a high probability of also committing relatively many offenses during a later age range. 5 A small fraction of the population (chronic offenders) commit a large fraction of all crimes; chronic offenders tend to have an early onset, a high individual offending frequency, and a long criminal career. 6 Offending is more versatile than specialized; violent offenders in particular appear to offend frequently in other kinds of offenses. 7 The types of acts defined as offenses are elements of a larger syndrome of antisocial behavior that includes heavy drinking, reckless driving, promiscuous sex, and so forth. 8 It appears that, as people enter adulthood, they change from group to lone offending. In fact, most offenses up to the late teenage years are committed with others, whereas most offenses from age 20 onward are committed alone. 9 The reasons given for offending up to the late teenage years are quite variable, including excitement/enjoyment, boredom, and/or emotional or utilitarian reasons. From age 20 onward, utilitarian motives become increasingly dominant. 10 Different types of offenses tend to be first committed at distinctively different ages. This sort of progression is such that shoplifting tends to be committed before burglary, burglary before robbery, and so forth. In general, diversification increases up to age 20; but after age 20, diversification decreases and specialization increases. Analysis of criminal careers has great value. Understanding why or how offenders get involved in a life of crime can lead to policies and procedures that can prevent criminal careers from developing. I have asked offenders in the prison I work in why they did their crime. Most answered that they needed money, some were gang related, and others done out of fits of rage. Most of them thought they would not get caught while some others just did not care or showed no remorse those are the scary ones. The Criminal Justice SystemThe criminal justice system has three component subsystems, they are: Police, Courts, and Corrections (Schmalleger, 2007). PoliceThe first step in the criminal justice system is the police officers or federal agents. When a crime is committed the police investigate the crime scene and if the suspect is still present they arrest the person. The police officer must always read the suspect his/her rights before questioning. During the questioning the suspect has the right to refuse to answer any questions at anytime during the questioning and ask for a lawyer. If the suspect is not at the scene of a crime, after an investigation the police will make a report and a judge or magistrate will issue a warrant for the suspects arrest. After an arrest the suspect is booked. This is a process where he/she has a picture taken, finger printed, and personal information is recorded (Schmalleger, 2007). CourtsThe prosecutors office becomes involved after an arrest. The information that is collected at the scene of the crime is turned over to the prosecutions office so they can determine if enough evidence exists for a conviction. It is not a good idea for a prosecutor to be involved in the beginning of an investigation because the defense counsel does not have the  opportunity till after they are either hired by the defendant or appointed one to them. The defense attorney is not involved in a criminal case until he/she is appointed or hired by the defendant. They cannot be involved prior to an indictment or arrest. At a preliminary hearing the defense attorney will hear the evidence presented and then determine if the evidence presented by the prosecution is strong enough for a plea bargain or a trial (Schmalleger, 2007). A judge or magistrates function begins with issuing a warrant if one is needed. A warrant is needed only if the criminal has not already been arrested. After a criminal defendant has been arrested, he/she is brought before a judge for a first appearance. This is when the judge will inform the defendant of the charges brought against him/her, read the defendant his/her rights again, and sometimes provide the defendant the opportunity to make bail. The next step for the criminal defendant is the preliminary hearing. During the preliminary hearing a judge will determine if there is probable cause to believe that a crime has been committed and if there is enough evidence to show the defendant committed the crime. This is when the prosecution presents the evidence to the judge and the defendant has the right to hire an attorney or if he/she cannot afford one the court will appoint the defendant a defense attorney (Schmalleger, 2007). The first appearance for a criminal defendant before the court that has the authority to conduct a trial, is called an arraignment (Schmalleger, 2007, p. 18). In this process the judge will hear the information (charges) and read it to the defendant, and again his/her rights are read to him/her by the judge. This is when the criminal defendant will enter a plea of either; not guilty, guilty, or no contest (Schmalleger, 2007). CorrectionsOffenders are then turned over to the correctional authorities, from the court system after the accused has been found guilty. Depending on the sentence, offenders will serve their time either in a jail or a prison. Jail is where you are held until you are sentenced. Jails are maintained by  municipalities or counties, and are generally used for incarceration sentences of less than one year. In most states, jail is for pre-trial detention for those who cannot raise bail (if bail is available), and also for post-conviction detention of those convicted on misdemeanor charges, which are defined as those convictions carrying a sentence of a year or less. Jails are generally run by counties, and every countys system will be different. Prisons are maintained by states or the federal government, and are used for sentences longer than one year. Prison is for post-conviction only, and is exclusively for felony convictions, that is, those charges with a sentence of a year or more. Prisons are operated by a states department of corrections (or equivalent agency), and tend to be more standardized; manning them are corrections officers from a statewide pool. The FutureLocal, state, and federal spending on corrections adds up to about $68 billion a year. Our overcrowded, ill managed prison systems are places of violence, physical abuse, and hate, making them breeding grounds that perpetuate and magnify the same types of behavior that they are intended to prevent. (Webb, 2009) One way that we can reverse this trend is through privatization. Corporations can bring more effective management and turn a tax drain into a profitable business. This can be done by employing the inmates as labor and giving them job skills at the same time. Another way we can reduce costs and prison overcrowding is by legalization and decriminalization of certain drugs. Drug offenders, most of them passive users or minor dealers, are swamping our prisons. According to data supplied to Congress Joint Economic Committee, those imprisoned for drug offenses rose from 10% of the inmate population to approximately 33% between 1984 and 2002. Experts estimate that this increase accounts for about half of the dramatic escalation in the total number imprisoned over that period. Justice statistics also show that 47.5% of all the drug arrests in our country in 2007 were for marijuana offenses. Additionally, nearly 60% of the people in state prisons serving time for a drug offense had no history of violence or of any significant selling activity. We need to save prisons and jails for  the more violent offenders. It is time to change the law. As a Correctional Officer, I have witnessed firsthand the results of the modern legal system. While there is clearly a lot of progress to be made there is also many educational and vocational programs available to offenders. The largest obstacle to their reform, however, is that the offender has to want to change. He must develop a conscious and be aware of the harm he has inflicted upon others. More importantly, he must have a desire to live productively, peacefully, and within the laws of society. References Clarkson, C. (2005). Understanding Criminal Law. London: Sweet Maxwell Ltd. Conklin, J. (2009). Criminology. Upper Saddle River: Prentice Hall. Davenport, A. (2009). Basic Criminal Law: The Constitution, Procedure, and Crimes. Upper Saddle River: Pearson Press. Farrington, D. (2003). Evidence-based Crime Prevention. New York: Routledge PressSchmalleger, F. (2007). Criminal Justice Today. Upper Saddle River: Prentice Hall Publishing. Webb, J. (2009, March 29). Whats Wrong With Our Prisons? Parade, 4-5.

Human Values Versus Technology in Waiting for Godot and Civilization an

Human Values Versus Technology in Beckett's Waiting for Godot and Freud's Civilization and its Discontents One of the most significant and wondrous features of today's society is the progress that has occurred with the passing of years and generations. Never before has humanity witnessed the technological advances that are now transpiring. Such advances encompass almost every facet of life as humanity knows it: from biomedical engineering to the exploration of outer-space. Science has proven to be beneficial to life as well as to the expansion of the mind. However, civilization is not in need solely of scientific revolutions. As the famous Beckett and Freud have implied in their literary works, humanity has not lost touch with innate human values that have been intrinsically bestowed upon it. These values, implicitly stated in the works created by Beckett and Freud, are the need for companionship, and purpose and meaning in life. The ideas of companionship and meaning in life are ubiquitous in Beckett's play Waiting for Godot. Much of the play is a mockery of the condition humanity would be faced with in a meaningless world. The four main characters in the play, Vladimir, Estragon, Pozzo, and Lucky, undeniably represent the lazy side of humanity in that they spend their lives waiting for something elusive that evidently will not ever appear. By the end of the play, Vladimir and Estragon are still hoping for this arrival, and there has been no trace of it. This demonstrates the futility of spending so much time anticipating an event that is not likely to happen, given previous experience. Beckett's play is therefore a mockery of the human value of purpose and meaning in life. Not only does Beckett's play ... ...ng new ideas regarding humanity. With the progress of new knowledge and technology, it seems reasonable that human values would advance as well. This, however, has not proven to be the case. Instead, the values that are innate to humanity have remained firmly established since the beginning of time. For example, people are still seeking the meaning of life in religion, as they did thousands of years ago, even though there has not been any discovery that has supported religion. In addition, people still seek companionship in the form of dating, families, sex, and friendship. Companionship has not become obsolete with the advancement of technology, and the way companionship is viewed has not adapted to the realities in society. As much as technology and science have contributed, a value as simple as acceptance of diversity has not progressed nearly as much.

The Role of Banking Sector in the Prevention of Money Laundering in Bangladesh

Chapter One Introduction 1. 0 INTRODUCTION Besides of development of Economic activities, monetary related crimes are also increasing in both developed and underdeveloped countries. Almost in each country illegal transaction of money has been increased & these illegal money has been also used on various illegal activities. Money laundering process refers to illegal receipt or transfer of fund from one place to another. This process involves not only the banking system of the country but also non-banking system.Bangladesh is moving towards an open economy with a small-magnetized sector by liberalizing the financial and economic policies. However, the money laundering mechanisms are creating problem for a country like Bangladesh. Bangladesh Bank as the Central bank of Bangladesh Supervise all the banking and non-banking financial transactions on behalf of Bangladesh Government. Money laundering process is a great obstacle to the execution of monetary policy adopted by Bangladesh bank t o stable the economy of the country.To prevent money laundering, money laundering prevention bill 2002 was passed in the National Assembly of Bangladesh on 5 April 2002 and Gazette Notification was made on 7 April 2002. And Bangladesh Bank has been designated to act as the main preventive agency. Money Laundering has serious adverse effect on Economical, Political & Social condition of a country. It increases unequal distribution of income and as a result, the employment level, output level of the country, price stability as well as economic development and growth can be hampered.So it is immediately required to prevent it. I believe it is a matter of great opportunity for me to study on this topic, as Money laundering, is a manifestation and a facilitator of organized crime, and has attracted increasing interest in our country. Due to money laundering process, desirable investment of the country cannot be done, national income declines and economic growth of the country hampers. 1. Background of Money LaunderingThe mafia mobster Al Capone is most often credited with coining term â€Å"money laundering† because he used investments in coin-operated Laundromats to disguise or â€Å"wash† the millions he made from bootlegging and other illegal enterprises during the Prohibition in the US-the banning of alcoholic drinks in the 20th century. It is also said that the term â€Å"laundering† is used because, years ago, the cash proceeds (in U. S. dollars) from drug sales were actually washed with soap and water to appear old and worn. Launderers would then go to the Federal Reserve Bank and exchange the â€Å"laundered† bills in for new bills.Along with the new bills came a fed receipt, which served to support the â€Å"legitimate† origin of the cash. The scam was finally identified when someone at the Fed realized that the serial numbers on the bills indicated that they should not be as old and worn as they appeared to be. The term first appeared in newspapers reporting the Watergate scandal in the US in 1973 and in judicial/legal contest in the US in 1982. Whilst the term â€Å"money laundering† was coined in the 20th century, it has been going on for several thousand years.The history of money laundering is interwoven with the history of trade and of banking. In 1986, the U. S. became the first country in the world to criminalize the â€Å"laundering† of the proceeds of criminal activity when it passed the U. S. money laundering law. The silk road which scholars say first became a real link around 100 BC, ran for 12,000 kilometers and linked some of the greatest civilizations the world has ever seen – the Chinese, Mongolian, Indian, Persian, Greek, Byzantine, Mesopotamian and Egyptian – transporting goods, people, ideas, religions and Money.Chinese inventions like gunpowder and paper first traveled to Europe in this manner. Along with many other things, Syrian jugglers and acrobat s, cosmetics, silver, gold, amber, ivory, carpets, perfume and glass from Europe, Central Asia, Arabia and Africa traveled to the east. It lasted until the 15th century when newly discovered sea routes to Asia opened up. Traditional method of moving money evolved before Western banking became established in the region protecting early merchants along the Silk Road against robbery.In ancient China it was known as â€Å"fei qian† or â€Å"flying coins†. The system spread throughout the world – to other Asian regions, the Indian Subcontinent, the Middle East, eastern and southern Africa, Europe and North and South America – following immigration patterns. These traditional money transfer systems are called as Chop, Hawala, Hundi, etc. 1970-The US Congress enacted the Bank Secrecy Act (BSA) in October 1970 following increasing reports of people bringing bags full of illegally – obtained cash into banks for deposit.The BSA is simply a reporting and reco rd-keeping statute. Although willful violations of its terms are a crime; it does not criminalize money laundering as such. BSA requires banks –retain financial details, -report cash transactions over $ 10,000/-. Thus in 1986, the U. S. became the first country in the world to criminalize the â€Å"laundering† of the proceeds of criminal activity. Thus made money laundering a crime in its own right, and strengthened the BSA in several respects, most importantly by prohibiting â€Å"structuring†. 990 – The Financial Crimes Enforcement Network (FinCEN) created by the US Treasury on April 25, initially to focus on the detection of financial crimes by providing analytical support to law enforcement investigations. In 1994, the agency would be given BSA regulatory responsibilities. 1992 – Annunzio-Wylie Money Laundering Act amended the BSA in several respects. Perhaps most important, required any financial institution, and its officers, directors, emplo yees and agents, â€Å"to report any suspicious transaction relevant to a possible violation of law or regulation. The Annunzio –Wylie Act, require all financial institutions to put in place, not only BSA compliance programs, but also anti-money laundering programs. At a minimum, the programs would be required to include: 1) The development of internal anti-money laundering policies, procedures and controls; 2) The designation of a compliance officer; 3) An ongoing employee training 4) An independent audit functions to test the program. At first U. S. A. has taken initiative to money laundering but now most of the countries of the world are aware about it. 2. Origin of the ReportThis Research Paper has been prepared for the partial fulfillment of Masters of Business Administration (MBA) Programme. For this purpose honorable teacher and supervisor Mr. Md. Nazrul Islam, Head of the Department of Business Administration, Shahjalal University of Science & Technology, Sylhet aske d to submit a proposal. After discussing with him about various issues of money laundering I have submitted a proposal on â€Å"The Role of Banking Sector in the Prevention of Money Laundering in Bangladesh † was submitted and then the final research paper is prepared. 3.Objective of the Paper The objective of the research paper is to help the students be familiar with how the theoretical knowledge obtained in the degree program can be applied in practice. Generally research is either problem identifying or problem solving tool. The objectives of the study are as follows: – 1. To understand the theoretical concepts of money laundering. 2. To show the present scenario of anti money laundering issues in Bangladesh. 3. To observe the policy development and maintenance by Bangladesh Bank as a supervisor of anti money laundering activities. 4.To figure out core procedures that Bangladesh Bank adopts to supervise the anti money laundering activities. 5. To comment on the exi sting system and recommend for improvement. 1. 4 Methodology Certain methods and techniques is utilized to collect data for this research paper. This study is mainly based on empirical as well as theoretical analysis. Collected data and information is tabulated, processed and analyzed critically in order to make the report informative. Both primary and secondary sources of data are chosen as effective means of collecting data relevant for this paper. . To prepare first part of the research paper secondary sources were used. Publications and database within Bangladesh Bank and others commercial bank helped me to get data about money laundering and its prevention. Various types of circular of Bangladesh Bank regarding money laundering exist in different commercial banks. This paper also required study of annual report, policy related circulars, and service rules, administrative circulars and other related papers. To get more information, I have also collected some books about money la undering and searched website. 2.Interview of the personnel from people within these relevant organizations was the basic technique to collect primary data. Informal discussion with executive connected with the planning and control works in the various levels of the Bangladesh Bank was needed. To collect data and to analyze these properly I have to be interviewed face to face with bank officials. . 5. Justification of the Research To prevent money laundering is very complex task especially in a country like Bangladesh where most of the citizens are illiterate and their economic bad condition inspired them to involve in illegal activities.This increases economic misery of the have-nots and concentrated wealth in the hands of 10% of the total population. The scope and scale of money laundering has increased over time and the process of addressing the problem has become complex because of the global nature of the problem. So cooperation among the law enforcing agencies, awareness of th e overall people of the country about its adverse effects, government strictness to avoid political interferences, all these are required to prevent it, that is, creation of wareness against money laundering is of highest importance at the moment. After about three months research with various money-laundering issues with Bangladesh Bank and Commercial Banks this paper is intended to fulfill course requirements of Masters of Business Administration. Bangladesh Bank, which is the authorized Bank to monitor all the banking and non-banking financial institutional activities, so I have worked on it in details. Beside this I have studied other operational areas of the commercial bank, which have enriched the level of my knowledge. . 6 Limitations Though this report provides the insights of Money Laundering in Bangladesh and the mechanisms by which Bangladesh Bank takes steps to prevent Money Laundering, it has some limitations as well. As the activities of money laundering are illegal, a ll of work is going on behind the sight of general public; it is hard to find out the adequate & real data. The organization on which was studied is the Central Bank of BANGLADESH, which is not a private or public bank of Bangladesh.The main limitation that faced during conducting the study was lack of access to information considered confidential by employees of central bank based on their policy and strategies. Chapter Two 2. 1 Brief History of Money Laundering The mafia mobster Al Capone is most often credited with coining term â€Å"money laundering† because he used investments in coin-operated Laundromats to disguise or â€Å"wash† the millions he made from bootlegging and other illegal enterprises during the Prohibition in the US-the banning of alcoholic drinks in the 20th century.It is also said that the term â€Å"laundering† is used because, years ago, the cash proceeds (in U. S. dollars) from drug sales were actually washed with soap and water to appea r old and worn. Launderers would then go to the Federal Reserve Bank and exchange the â€Å"laundered† bills in for new bills. Along with the new bills came a fed receipt, which served to support the â€Å"legitimate† origin of the cash. The scam was finally identified when someone at the Fed realized that the serial numbers on the bills indicated that they should not be as old and worn as they appeared to be.The term first appeared in newspapers reporting the Watergate scandal in the US in 1973 and in judicial/legal contest in the US in 1982. Whilst the term â€Å"money laundering† was coined in the 20th century, it has been going on for several thousand years. It is said that the abuse of Chinese merchants and others by oppressive regimes and despotic rulers led them to find ways to hide their wealth, including ways of moving it around without it being identified and confiscated. Money laundering in this sense was prevalent 4000 years before Christ.Many minori ties in countries down the ages and around the world have taken steps to preserve wealth from the rulers- either from blatant confiscation or from taxation and, indeed, from a combination of both, who have targeted them simply because of their beliefs or colour. It is happening even today. And, of course from those seeking to enforce judgments in civil cases or to follow the money that results from other crime. The history of money laundering is interwoven with the history of trade and of banking. In 1986, the U. S. ecame the first country in the world to criminalize the â€Å"laundering† of the proceeds of criminal activity when it passed the U. S. money laundering law. 2. 2 The Silk Road – Once World’s main commercial artery The silk road which scholars say first became a real link around 100 BC, ran for 12,000 kilometers and linked some of the greatest civilizations the world has ever seen – the Chinese, Mongolian, Indian, Persian, Greek, Byzantine, Me sopotamian and Egyptian – transporting goods, people, ideas, religions and Money. Heading west were porcelain, furs, spices, gems and other exotic products of Asia.Chinese inventions like gunpowder and paper first traveled to Europe in this manner. Along with many other things, Syrian jugglers and acrobats, cosmetics, silver, gold, amber, ivory, carpets, perfume and glass from Europe, Central Asia, Arabia and Africa traveled to the east. It lasted until the 15th century when newly discovered sea routes to Asia opened up. Traditional method of moving money evolved before Western banking became established in the region protecting early merchants along the Silk Road against robbery. In ancient China it was known as â€Å"fei qian† or â€Å"flying coins†.The system spread throughout the world – to other Asian regions, the Indian Subcontinent, the Middle East, eastern and southern Africa, Europe and North and South America – following immigration patte rns. These traditional money transfer systems are called as Chop, Hawala, Hundi, etc. 2. 3 History of Criminalizing Money Laundering 1970-The US Congress enacted the Bank Secrecy Act (BSA) in October 1970 following increasing reports of people bringing bags full of illegally – obtained cash into banks for deposit. The BSA is simply a reporting and record-keeping statute.Although willful violations of its terms are a crime, it does not criminalize money laundering as such. BSA requires banks –retain financial details, -report cash transactions over $ 10,000/-. 1974 –although the BSA is accepted now, its constitutionality was originally challenged in the courts by elements of the banking community and some civil libertarians. BSA was challenged on a number of grounds. In California Bankers Assn . v. Shultz, 416 U. S. 21 (1974) Supreme Court rejected claims that various parts of the BSA violated constitutional rights. 986 – Growth, seriousness of the problem of Money Laundering, and of widespread non-compliance with the BSA, led to the enactment of the Money Laundering Control Act of 1986. Thus in 1986, the U. S. became the first country in the world to criminalize the â€Å"laundering† of the proceeds of criminal activity. Thus made money laundering a crime in its own right, and strengthened the BSA in several respects, most importantly by prohibiting â€Å"structuring†. 1990 – The Financial Crimes Enforcement Network (FinCEN) created by the US Treasury on April 25, initially to focus on the detection of financial rimes by providing analytical support to law enforcement investigations. In 1994, the agency would be given BSA regulatory responsibilities. 1992 – Annunzio-Wylie Money Laundering Act amended the BSA in several respects. Perhaps most important, required any financial institution, and its officers, directors, employees and agents, â€Å"to report any suspicious transaction relevant to a possible v iolation of law or regulation. † The Annunzio –Wylie Act, require all financial institutions to put in place, not only BSA compliance programs, but also anti-money laundering programs. At a minimum, the programs would be required to include: ) the development of internal anti-money laundering policies, procedures and controls; 2) the designation of a compliance officer; 3) an ongoing employee training 4) an independent audit functions to test the program. 2. 4 Why Money Laundering is done? Criminals engage in money laundering for three main reasons: First, money represents the lifeblood of the organization that engages in criminal conduct for financial gain because it covers operating expenses, replenishes inventories, purchases the services of corrupt officials to escape detection and further the interests of the illegal enterprise, and pays for an extravagant lifestyle.To spend money in these ways, criminals must make the money they derived illegally appear legitimate . Second, a trail of money from an offense to criminals can become incriminating evidence. Criminals must obscure or hide the source of their wealth or alternatively disguise ownership or control to ensure that illicit proceeds are not used to prosecute them. Third, the proceeds from crime often become the target of investigation and seizure. To shield ill- gotten gains from suspicion and protect them from seizure, criminals must conceal their existence or, alternatively, make them ook legitimate. 2. 5 Why we must combat Money Laundering Money laundering has potentially devastating economic, security, and social consequences. Money laundering is a process vital to making crime worthwhile. It provides the fuel for drug dealers, smugglers, terrorists, illegal arms dealers, corrupt public officials, and others to operate and expand their criminal enterprises. This drives up the cost of government due to the need for increased law enforcement and health care expenditures (for example, f or treatment of drug addicts) to combat the serious consequences that result.Crime has become increasingly international in scope, and the financial aspects of crime have become more complex due to rapid advances in technology and the globalization of the financial services industry. Money laundering diminishes government tax revenue and therefore indirectly harms honest taxpayers. It also makes government tax collection more difficult. This loss of revenue generally means higher tax rates than would normally be the case if the untaxed proceeds of crime were legitimate. We also pay more taxes for public works expenditures inflated by corruption.And those of us who pay taxes pay more because of those who evade taxes. So we all experience higher costs of living than we would if financial crime—including money laundering—were prevented. Money laundering distorts asset and commodity prices and leads to misallocation of resources. For financial institutions it can lead to a n unstable liability base and to unsound asset structures thereby creating risks of monetary instability and even systemic crises. The loss of credibility and investor confidence that such crises can bring has the potential of destabilizing financial systems, particularly in smaller economies.One of the most serious microeconomic effects of money laundering is felt in the private sector. Money launderers often use front companies, which co-mingle the proceeds of illicit activity with legitimate funds, to hide the ill-gotten gains. These front companies have access to substantial illicit funds, allowing them to subsidize front company products and services at levels well below market rates. This makes it difficult, if not impossible, for legitimate business to compete against front companies with subsidized funding, a situation that can result in the crowding out of private sector business by criminal organizations.No one knows exactly how much â€Å"dirty† money flows through the world's financial system every year, but the amounts involved are undoubtedly huge. The International Money Fund has estimated that the magnitude of money laundering is between 2 and 5 percent of world gross domestic product, or at least USD 800 billion to USD1. 5 trillion. In some countries, these illicit proceeds dwarf government budgets, resulting in a loss of control of economic policy by governments. Indeed, in some cases, the sheer magnitude of the accumulated asset base of laundered proceeds can be used to corner markets — or even small economies.Among its other negative socioeconomic effects, money laundering transfers economic power from the market, government, and citizens to criminals. Furthermore, the sheer magnitude of the economic power that accrues to criminals from money laundering has a corrupting effect on all elements of society. The social and political costs of laundered money are also serious as laundered money may be used to corrupt national instit utions. Bribing of officials and governments undermines the moral fabric in society, and, by weakening collective ethical standards, corrupts our democratic institutions.When money laundering goes unchecked, it encourages the underlying criminal activity from which such money is generated. Nations cannot afford to have their reputations and financial institutions tarnished by an association with money laundering, especially in today's global economy. Money laundering erodes confidence in financial institutions and the underlying criminal activity — fraud, counterfeiting, narcotics trafficking, and corruption — weaken the reputation and standing of any financial institution. Actions by banks to prevent money laundering are not only a regulatory requirement, but also an act of self- interest.A bank tainted by money laundering accusations from regulators, law enforcement agencies, or the press risk likely prosecution, the loss of their good market reputation, and damaging the reputation of the country. It is very difficult and requires significant resources to rectify a problem that could be prevented with proper anti-money-laundering controls. It is generally recognized that effective efforts to combat money laundering cannot be carried out without the co-operation of financial institutions, their supervisory authorities and the law enforcement agencies.Accordingly, in order to address the concerns and obligations of these three parties, these Guidance Notes were drawn up. 2. 6 Techniques in Money Laundering There are diversified method of money laundering which ranges from the purchase and resale of a luxury item (e. g. a house, car, or jewelry) to passing money through a complex web of legitimate businesses and ‘shall’ companies (i. e. those companies that primarily exist only as named legal entities without any trading business activities). Basically 3 stages, which may comprise numerous transactions by the launderers-Placement†”the physical disposal of the initial proceeds (derived from illegal activity). 1. Breaking up of large amounts of cash into smaller amounts. 2. Depositing the cash in bank and subsequently transferring the same amount from one bank to another, preferably, in abroad. 3. Exchanging into a foreign currency and subsequently conversion into local currency. 4. Cash purchase of single premium insurance policy or other investment. 5. Cash purchase of costly items like jewelry, diamond, car, aircraft, and boats etc as an alternatives to cash. 6.Injecting the cash in business like hotels, restaurants, bars, casinos, bookmakers, travel agency, taxi firm etc. which handle considerable cash in day-to-day operation. Layering—creation of complex layers of financial transactions for disguising the audit trail and provide secrecy. 1. Purchase & sale of securities and commodities via brokers. 2. Conversion into monetary instruments like BCD, TC, BONDs. 3. Electronic funds transfer-very freq uently. 4. Making deposit in outstation bank branches or overseas banking system. 5. Sale & purchase of material assets between some fictitious persons/associates.Integration – the laundered proceeds are set back into the economy in such a way that they re-enter the financial system appearing as normal business funds/legal money. Identification of illicit source becomes next to impossible. 1. Falsification (over/under invoicing) of invoicing/export. 2. Deployment of fund in ‘shell’ company and recoup the as legitimate profit. 3. Taking aid of corrupt bank employees and obtaining bank loan by depositing illicit money as security. 4. False loan repayment. 5. Taking aid of E-cash, which enables to move vast amount of money instantly with just a few keystrokes. . 7 Moving Money Abroad Legitimate purposes-are for moving money abroad: (1) to invest, (2) to speculate, (3) to lend, (4) to meet trading/personal obligations and (5) to safeguard assets against theft or seiz ure by repressive regimes. But a criminal moves money abroad for- (1) Dealing in arms & ammunition, (2) Drug trafficking, (3) Financing terrorist activities, (4) Evasion of exchange regulations/control, (5) Evasion of taxation, (6) Disguise or remove proceeds of threat/fraud/bribe, (7) Making blackmail payments and (8) Paying ransom for kidnappers.The banking system remains one of the most important avenues for money launderers. The use of bearer certificate of deposit, bank drafts, wire transfers to transmit funds internationally and establishment of loan back scheme are commonly used as banking instruments around the world. New methods are constantly being used to avoid detection. These may include simple measures as â€Å"Smurfing† or Structuring that is making numerous small deposits which would fall below a suspicious cash transaction report, using relatives, third party or false names on accounts or more sophisticated measures such as use of shell companies.A recent stu dy by FATF found increasing use of non-bank financial institutions (Money Changers, remittance business etc. ) to provide services attractive to launderers since these institutions are subject to fewer regulatory requirements than banks. Because of increasing profit from the drug trafficking and other criminal enterprises, money launderers are adopting new techniques, employing specialized expertise who can provide sophisticated methods of laundering and various other financial services.Techniques used include false invoicing (over- invoicing, under- invoicing), commingling of legal and illegal money, the use of bank loan arrangements (whereby the launderer transfers proceeds to another country and use them as security for a bank loan, which is sent back to original country) and layers of transactions through off-shore shell companies. In addition, a significant amount of illegal proceeds has been invested in real estate. However, because of the introduction of anti-money laundering counter measures in different countries, money launderers constantly seek new ways to circumvent regulation.Methods that work tend to be replicated in different locations or may be used with some modifications. 2. 7. 1 Underground Banking (Alternative Remittance System) There has also of under ground or alternative banking system commonly known as ‘Hawala’ or Hundi in the sub-continent. This system works without a paper trail. A ‘Hawala’ bankers issue neither a written receipt for the sum received nor an order for payment. What he does, make a firm verbal commitment to the seller of dollars to make an equivalent taka payment at the agreed rate of exchange, through his agent in the particular country.Then he sends a coded message to his agent containing the designated recipients name and time, date and address for the payment. Why people resort to underground banking a. Socio-economic & political reasons b. Higher returns c. Anonymity d. No available bankin g channel e . Avoidance of local taxes f. Illiteracy/Semi-literacy Advantages of Hundi/Hawala: a. No paper trail b. No bureaucracy c. Cost effective d. No body is the loser and e. No holiday-very fast delivery [pic] Figure 1. Basic sequence of communication and payment in an alternative remittanceThe Chinese have a similar system known as ‘fie chien’ or flying money. This system, sometimes known as ‘Chit’ system involved depositing money in one country in exchange for chit or a chop (i. e. a seal) and remittance of this money in another country on presentation of the chit. It is fast and convenient, does not involve the transportation of bank cash, leaves little trail for investigators, has virtue of anonymity and the costs are fairly low. The main negative consequence of money laundering can have on the financial system.A large-scale money laundering operation may put at the risk of smaller nation’s financial system through loss of credibility and i nvestor’s confidence. The victims of the bank’s malpractice were the depositors and the government in developing countries. 2. 7. 2 Electronic Money Laundering Criminals are always looking for â€Å"a new type of detergent which allows for cleaner laundry† (Bortner, 1996). They have been quick to exploit each new method of financial transfer. In the 1980s and 1990s wire transfers became a popular method for moving money in both the legal and illegal sectors.By 2000 we may see the same situation with e-money. The abuse of e-money by money launderers may become a significant problem in the future because e-money systems will be attractive to money launderers for two reasons: 1. Transactions may become untraceable; and 2. Transactions are incredibly mobile. Untraceability |E-money systems may provide Organized Crime with untraceable, | |mobile wealth. | The use of e-money systems will mean fewer face-to-face financial transactions.The anonymity of e-money will make â€Å"knowing your customer† much more difficult. E-money systems also allow the parties to the transaction to deal with each other directly, without the assistance of a regulated financial institution. Thus, there may not be a traditional audit trail. Mobility Hypothetically, e-money could come from anywhere in the world, and be sent anywhere in the world. Thus, e-money systems may offer instantaneous transfer of funds over a network that, in effect, is not subject to any jurisdictional restrictions.The problem may be illustrated by separating the process of money laundering into three basic steps – placement, layering and integration – and then comparing traditional money laundering systems with cyber-systems. The first step in money laundering is the physical disposal of cash. Traditionally, placement might be accomplished by depositing the cash in domestic banks or other kinds of financial institutions. Or the cash might be smuggled across borders for depos it in foreign accounts, or used to buy high-value goods, such as artwork, airplanes, or precious metals and gems, that can then be resold with payment by cheque or bank transfer.With e-money laundering, cash may be deposited into an unregulated financial institution. Placement may be easily achieved using a smart card or personal computer to buy foreign currency, goods, etc. Powerful encryption may be used to guarantee the anonymity of e-money transactions. The second step, layering, involves working through complex layers of financial transactions to distance the illicit proceeds from their source and disguise the audit trail. This phase traditionally involves such transactions as the wire transfer of deposited cash, the conversion of deposited cash into monetary instruments (e. . , bonds, stocks, travelers' cheques), the resale of high-value goods and monetary instruments, and investment in real estate and legitimate businesses, particularly in the leisure and tourism industries. Shell companies, typically registered in offshore havens, are a popular device in the traditional layering phase. These companies, whose directors are often local attorneys acting as nominees, protect the identity of the real owners. These owners also benefit from restrictive bank secrecy laws and attorney-client privilege In an electronic-money system, layering can be done through a personal computer.There is usually no audit trail. In addition, e-money systems allow for instantaneous transfer of funds over a system that, in effect, has no borders. The last step is to make the wealth derived from crime appear legitimate. Traditionally, integration might involve any number of techniques, including using front companies to â€Å"lend† the money back to the owner or using funds on deposit in foreign financial institutions as security for domestic loans. Another common technique is over-invoicing, or producing false invoices for goods sold – or supposedly sold – ac ross borders.In e-money laundering the criminal may be able to achieve integration by using a personal computer to pay for investments or to buy an asset, without having to call on the services of an intermediary financial institution. In short, the temptation of electronic forms of money for the criminal may be the potential for untraceable, mobile wealth. 2. 8 Vulnerability of the Financial System to Money Laundering Money laundering is often thought to be associated solely with banks and moneychangers. All financial institutions, both banks and non-banks, are susceptible to money laundering activities.Whilst the traditional banking processes of deposit taking, money transfer systems and lending do offer a vital laundering mechanism, particularly in the initial conversion from cash, it should be recognized that products and services offered by other types of financial and non-financial sector businesses are also attractive to the launderer. The sophisticated launderer often involv es many other unwitting accomplices such as currency exchange houses, stock brokerage houses ,gold dealers, real estate dealers, insurance companies, trading companies and others selling high value commodities and luxury goods.Certain points of vulnerability have been identified in the laundering process, which the money launderer finds difficult to avoid, and where his activities are therefore more susceptible to being recognized. These are:  ¦ entry of cash into the financial system;  ¦ cross-border flows of cash; and  ¦ Transfers within and from the financial system. Financial institutions should consider the money laundering risks posed by the products and services they offer, particularly where there is no face-to-face contact with the customer, and devise their procedures with due regard to that risk.Although it may not appear obvious that the products might be used for money laundering purposes, vigilance is necessary throughout the financial system to ensure that weakn esses cannot be exploited. Banks and other Financial Institutions conducting relevant financial business in liquid products are clearly most vulnerable to use by money launderers, particularly where they are of high value. The liquidity of some products may attract money launderers since it allows them quickly and easily to move their money from one product to another, mixing lawful and illicit proceeds and integrating them into the legitimate economy.All banks and non-banking financial institutions, as providers of a wide range of money transmission and lending services, are vulnerable to being used in the layering and integration stages of money laundering as well as the placement stage. Electronic funds transfer systems increase the vulnerability by enabling the cash deposits to be switched rapidly between accounts in different names and different jurisdictions. However, in addition, banks and non-banking financial institutions, as providers of a wide range of services, are vulne rable to being used in the layering and integration stages.Other loan accounts may be used as part of this process to create complex layers of transactions. Some banks and non-banking financial institutions may additionally be susceptible to the attention of the more sophisticated criminal organizations and their â€Å"professional money launderers†. Such organizations, possibly under the disguise of front companies and nominees, may create large scale but false international trading activities in order to move their illicit monies from one country to another.They may create the illusion of international trade using false/inflated invoices to generate apparently legitimate international wire transfers, and may use falsified/bogus letters of credit to confuse the trail further. Many of the front companies may even approach their bankers for credit to fund the business activity. Banks and non-banking financial institutions offering international trade services should be on thei r guard for laundering by these means.Investment and merchant banking businesses are less likely than banks and moneychangers to be at risk during the initial placement stage. Investment and merchant banking businesses are more likely to find them being used at the layering and integration stages of money laundering. The liquidity of many investment products particularly attracts sophisticated money laundering since it allows them quickly and easily to move their money from one product to another, mixing lawful and illicit proceeds and integrating them into the legitimate economy.Although it may not appear obvious that insurance and retail investment products might be used for money laundering purposes, vigilance is necessary throughout the financial system to ensure that non traditional banking products and services are not exploited. Intermediaries and product providers who deal direct with the public may be used at the initial placement stage of money laundering, particularly if they receive cash. Premiums on insurance policies may be paid in cash, with the policy subsequently being cancelled in order to obtain a return of premium (e. . by cheque), or an insured event may occur resulting in a claim being paid out. Retail investment products are, however, more likely to be used at the layering and integration stages. The liquidity of a mutual funds may attract money launderers since it allows them quickly and easily to move their money from one product to another, mixing lawful and illicit proceeds and integrating them into the legitimate economy. Lump sum investments in liquid products are clearly most vulnerable to use by money launderers, particularly where they are of high value.Payment in cash should merit further investigation, particularly where it cannot be supported by evidence of a cash-based business as the source of funds Insurance and investment product providers and intermediaries should therefore keep transaction records that are comprehensive enough to establish an audit trail. Such records can also provide useful information on the people and organizations involved in laundering schemes. Corporate vehicles trust structures and nominees are firm favorites with money launderers as a method of layering their proceeds. Providers of these services can find themselves much in demand from criminals.The facility with which currency exchanges can be effected through a bureau is of particular attraction especially when such changes are effected in favor of a cheque or gold bullion. 2. 9 Money Laundering-Bangladesh Scenario Bangladesh is neither a drug producing nor a major consumer country for drugs. However, our country’s proximity to Golden Triangle in the East and Golden crescent in the West rendered her vulnerable to drug trafficking and drug related problems. In Bangladesh, no drug cartel, drug syndicate or organized groups of drug dealers have been intercepted till to day.At present, phensedyl, heroin and cannabis r ank first, second and third in order of prevalence in the country. The influence of the drug money is not yet felt to pose a major concern for us. However, Money laundering is no less then significant in our economy. Both black money and dirty money are being laundered in various ways as under: 1. Conversion of local currency into foreign currency from black market. Smuggle it out of the country and deposit it to any foreign bank; 2. The use of hundi to send money overseas; 3. The use of bearer instruments (drafts, cheques, stock certificate etc) 4.Operating business enterprises, which hardly makes profits, but shows large profits and pays taxes to cover and legalize their dirty money; 5. The use of third party or false name accounts at financial institutions; 6. The purchase of items of value (such as luxury goods, gold, vehicles real estate); 7. Create investment companies in which fictitious persons deposit money invest in shares, stock and bonds; 8. Financing the political group s by other country; 9. Excess greediness; 10. No proper way to determine the amount of income on assets; 11.Dishonesty of customs, defense and government employee; 12. Problems of illegal immigrant; 13. Lack of co-operation from the Bangladesh embassy with Bangladeshi people living in the foreign country; 14. Lack of co-operation from the foreign branches of banks and foreign exchange organization with Bangladeshi people living in the foreign country; 15. Bureaucratic complexity & extra payment; 16. Lack of providing temporary debt privilege; 17. Smuggling; 18. Under invoicing; 19. Transfer pricing & over invoicing; 20. Illegal transaction of capital; 21. Terrorist financing; 22.Lack of potential political figure; 23. Demonstration. 1. Money Laundering Effects on Society 1. Laundered money may be used to corrupt national institutions. Bribing of officials and governments undermines the moral fabric in society, and by weakening collective ethical standards, corrupts our democratic in stitutions. 2. Money laundering erodes confidence in financial institutions and the underlying criminal activity—fraud, counterfeiting, narcotics, trafficking, and corruption—weaken the reputation and standing of any financial institution. 3. Governments need to increase health care expenditures e. . treatment of drug addicts, treatment of victims of violence, etc. 2. 9. 2 Economic Effects of Money Laundering Because crime, underground activity, and money laundering take place on a large scale, macroeconomic policymakers must take them into account. But, because these activities are hard to measure, they distort economic data and complicate governments’ efforts to manage economic policy. In addition, the ability to identify statistically the country and currency of issuance and the residency of deposit holders key in understanding monetary behavior.To the extent that money demand appears to shift from one country to another because of money laundering-resulting in misleading monetary data—it will have adverse consequences for interest and exchange rate volatility, particularly in dollarized economies, as the tracking of monetary aggregates becomes more uncertain. The income distribution effects of money laundering must also be considered. To the extent that the underlying criminal activity redirects income from high savers to low savers or from sound investments to risky, low-quality investments, economic growth will suffer.For example, there is evidence that funds from tax evasion in the United States tend to be channeled into riskier but higher-yielding investments in the small business sector, and also that tax evasion is particularly prevalent in this sector. Fraud, embezzlement, and insider trading seem likely also to be more prevalent in rapidly growing and profitable businesses and markets, because â€Å"that’s where the money is. † Money laundering also has indirect macroeconomic effects. Illegal transactions c an discourage legal ones by contamination.For example, some transactions involving foreign participants, although perfectly legal, are reported to have become less desirable because of an association with money laundering. More generally, confidence in markets and in the efficiency-signaling role of profits is eroded by widespread insider trading, fraud, and embezzlement. And, money that is laundered for reasons other than tax evasion also tends to evade taxes, compounding economic distortions. Moreover, contempt for the law is contaminating—breaking one law makes it easier to break others.Accumulated balances of laundered assets are likely to be larger than annual flows, increasing the potential for destabilizing, economically inefficient movements, either across borders or domestically. These balances could be used to corner markets—or even small economies. The above effects are to some extent speculative; however, the Quick study (1996) also conducted empirical test s on the relationship between GDP growth and money laundering in 18 industrial countries for the first time.It found evidence that significant reductions in annual GDP growth rates were associated with increases in the laundering of criminal proceeds in the period 1983-90. 2. 9. 3 How money is laundered in regional basis in Bangladesh. It has found by the research team from both the different secondary & primary sources that, there are regional trends of money laundering in our country. Such as- In Sylhet region there are a lot of people lived in foreign countries. So there are great chances of illegal money transfer in this region i. e. hundi or hawala.This system works without a paper trail. A hawala banker issues neither a written receipt for the sum received nor an order for payment. What he does, make a firm verbal commitment to the seller of dollars to make an equivalent taka payment at the agreed rate of exchange, through his agent in Sylhet region. Then, he sends a coded mes sage, to his agent containing the designated recipients name and time date and address for the payment. As well as chance of gold smuggling in this region from foreign lived people and their local relatives.In Chittagong region there are a lot of cases of drug smugglings and arm smugglings occurring in front of the eye of different law enforcing agencies. In Khulna region there are many incidents of forest materials & other goods of laundering. In Comilla region a lot of suger, sharies, and fensdils are smuggled every year in our country. In the Rajshahi region the occurrence of cattle smuggling are very common, and it has a network to supply cattle all over the country especially in the season of Eid . How money is laundered Smurfing involves the use of multiple cash deposits, each smaller than the minimum cash-reporting requirement. †¢ Misinvoicing of exports and falsification of import letters of credit and customs declarations can conceal cross-border transfers of, say, the proceeds of drug trafficking. †¢ Barter: stolen property (e. g. , antiques or automobiles) can be exchanged, across national borders or domestically, for illegal substances. †¢ Parallel credit transactions can be used to avoid the formal economy, except for the final use made of the net proceeds of illegal activity to purchase legally marketed goods or services. Interbank wire transfers may not be subject to reporting on money laundering; bribery of bank officials can thus make it easier to conceal large illegal transfers between accounts. †¢ Derivatives that replicate insider trading opportunities (e. g. , a synthetic version of a company stock subject to merger or takeover) can be used to avoid detection of an unusual change in a listed stock price. 2. 11 International Anti-Money Laundering Initiatives Money laundering has become a global problem as a result of the confluence of several remarkable changes in world markets (i. . , the globalization of markets). The growth in international trade, the expansion of the global financial system, the lowering of barriers to international travel, and the surge in the internationalization of organized crime have combined to provide the source, opportunity, and means for converting illegal proceeds into what appears to be legitimate funds. In 1986, the U. S. became the first country in the world to criminalize the â€Å"laundering† of the proceeds of criminal activity with the enactment of the Money Laundering Control Act of 1986.Since enacting the law, the U. S. Congress has increased its coverage, reach and scope, making it the broadest, strongest and most far-reaching money laundering law in the world. The U. S. law is a weapon of enormous breadth and power wielded by U. S. prosecutors in that country. Those convicted under the law face a maximum prison term of 20 years and a fine of $500,000 per violation. A legal entity such as a bank or business that is convicted under the law faces fines and forfeitures.In addition, a bank that is convicted of money laundering can lose its charter and federal deposit insurance. Persons and entities also face civil money penalties. Concerted efforts by governments to fight money laundering have been going on for the past fifteen years. The main international agreements addressing money laundering are the 1988 United Nations Vienna Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (the Vienna Convention) and the 1990 Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime.And the role of financial institutions in preventing and detecting money laundering has been the subject of pronouncements by the Basle Committee on Banking Supervision, the European Union, and the International Organization of Securities Commissions. The Vienna Convention, adopted in December 1988, laid the groundwork for efforts tocombat money laundering by creating an obligation for signa tory states (including Bangladesh) to criminalize the laundering of money from drug trafficking.It promotes international cooperation in investigations and makes extradition between signatory states applicable to money laundering. It also establishes the principle that domestic bank secrecy provisions should not interfere with international criminal investigations. During the past twenty years there have been a number of resolutions passed by the ICPOInterpol General Assembly, which have called on member countries to concentrate their investigative resources in identifying, tracing and seizing the assets of criminal enterprises.These resolutions have also called on member countries to increase the exchange of information in this field and encourage governments to adopt laws and regulations that would allow access, by police, to financial records of criminal organizations and the confiscation of proceeds gained by criminal activity. In December 1988, the G-10's Basle Committee on Ban king Supervision issued a â€Å"statement of principles† with which the international banks of member states are expected to comply.These principles cover identifying customers, avoiding suspicious transactions, and cooperating with law enforcement agencies. In issuing these principles, the committee noted the risk to public confidence in banks, and thus to their stability, that can arise if they inadvertently become associated with money laundering. Over the past few years, the Basle Committee has moved more aggressively to promote sound supervisory standards worldwide.In close collaboration with many non-G-10 supervisory authorities, the Committee in 1997 developed a set of â€Å"Core Principles for Effective Banking Supervision†. Many important guidelines issued by Basle Committee for worldwide implementation for all banks among which, â€Å"Prevention of the Criminal Use of the Banking System for the Purpose of Money Laundering†, December 1988 â€Å"Custome r Due Diligence for Banks†, October 2001â€Å"Sound Practices for the Management and Supervision of Operational Risk â€Å", February 2003; Shell banks and booking offices â€Å", January 2003; relate to money laundering controls.In 1989, the G-7 countries recognized that money laundering had become a global problem, not least due to the increase in drug trafficking. The G-7 Summit in Paris in 1989 took a great step forward in combating international money laundering with the creation of the Financial Action Task Force (FATF) to develop a coordinated international response to mounting concern over money laundering. One of the first tasks of the FATF was to develop steps national governments should take to implement effective anti-money laundering programs.The experts within FATF came up with a list of 40 Recommendations, built on the firm foundations of the 1988 UN Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances and the Statement of Principl es of the Basle Committee on Banking Regulations. The FATF 40 Recommendations set out the basic framework on what countries need to do — in terms of laws, regulations and enforcement — to combat money laundering effectively and were designed with universal application in mind.Over time, they have been revised to reflect new developments in money laundering and experience. The 40 Recommendations have now become the global blueprint in anti- money laundering best practice and set the international standards for money laundering controls. Setting those standards meant that all participating governments committed to moving in the same direction at the same pace, a requirement for success. Through FATF's peer-review process, the participants have pushed each other into implementing the standards.Even the IMF regards the anti-money laundering actions advocated by the FATF as crucial for the smooth functioning of financial markets. In joining FATF, every member nation makes a political commitment to adopt the recommendations and allows itself to be evaluated by the other member nations on whether it has fulfilled that commitment. Today FATF has grown to an organization of thirty-one member countries and has representatives from the Gulf Cooperation Council and the European Commission.Participants include representatives from members' financial regulatory authorities, law enforcement agencies, and ministries of finance, justice, and external affairs. Representatives of international and regional organizations concerned with combating money laundering also attend FATF meetings as observers. This top-down, cooperative approach has been greatly successful in encouraging FATF member nations to improve their money laundering regimes. With expanded membership, FATF has now achieved agreement on money laundering standards and implementation among 31 governments.More than that, FATF has encouraged development of regional groups to adhere to the same standards. B y the last count, about 130 jurisdictions — representing about 85 percent of world population and about 90 to 95 percent of global economic output — have made political commitments to implementing â€Å"The Forty Recommendations. † Another, more controversial initiative that FATF has developed to enhance international cooperation is publication of a list of non-cooperative countries and territories (NCCT) — jurisdictions that lack a commitment to fight money laundering.Following the June 2000 publication of the first such list, a number of the 15 NCCT jurisdictions have acted quickly to implement FATF standards. . Other UN initiatives, such as the 2000 UN Convention against Transnational Organized Crime, have assisted in complementing the work undertaken by the FATF. However, it was the FATF’s exercise on Non-Cooperating Countries and Territories which brought about a sea change in thinking at the highest political levels.The exercise, which identi fies and evaluates the legal, judicial and regulatory framework of countries whose regulatory systems do not appear to meet international standards, has been a success, despite its unpopularity in many quarters. 1. 8. 16. After 11 September 2001, the tragedy in New York highlighted to all civilized nations the need to look at the finances of terrorists and the methods used to transfer funds around the11 world. The FATF expanded its mission beyond money laundering and agreed to focus its expertise on the worldwide effort to combat terrorist financing.The FATF, at its Washington meeting in October 2001, came up with 8 Special Recommendations to tackle this threat. Terrorists use similar systems to money launderers and the 8 Special Recommendations complement the 40 existing Recommendations. The United Kingdom was one of the first countries in the world to have signed and ratified the UN International Convention on the Suppression of the Financing of Terrorists through the Terrorism Ac t 2000. In fact the UK was unique in meeting the requirements of all 8 FATF Special Recommendations immediately.Several regional or international bodies such as the APG (Asia/Pacific Group on Money Laundering), CFATF (Caribbean Financial Action Task Force), the ESAAMLG (Eastern and Southern Africa Anti-Money Laundering Group), GAFISUD (Financial Action Task Force for South America), the MONEYVAL Committee of the Council of Europe (the Select Committee of experts on the evaluation of anti-money laundering measures) and the OGBS (Offshore Group of Banking Supervisors), either exclusively or as part of their work, perform similar tasks for their members as the FATF does for its own membership.Bangladesh is a member of APG. This co-operation forms a critical part of the FATF’s strategy to ensure that all countries in the world implement effective counter-measures against money laundering. Thus the APG, the CFATF, GAFISUD, the MONEYVAL Committee and OGBS carry out mutual evaluatio ns for their members, which assess the progress they have made in implementing the necessary anti-money laundering measures. In the same vein, APG, CFATF and the MONEYVAL also review regional money laundering trends.During the past decade, a number of countries have created specialized government agencies as part of their systems for dealing with the problem of money laundering. These entities are commonly referred to as â€Å"Financial Intelligence Units† or â€Å"FIUs†. These units increasingly serve as the focal point for national anti- money laundering programs because they provide the possibility of rapidly exchanging information (between financial institutions and law enforcement / prosecutorial authorities, as well as between jurisdictions), while protecting the interests of the innocent individuals contained in their data.Since 1995, another forum for international cooperation has developed among a number of national financial intelligence units (FIUs), who beg an working together in an informal organization known as the Egmont Group (named for the location of the first meeting in the Egmont-Arenberg Palace in Brussels). The goal of the group is to provide a forum for FIUs to improve support to their respective national anti-money laundering programs.This support includes expanding and systematizing the exchange of financial intelligence, improving expertise and capabilities of the personnel of such organizations, and fostering better communication among FIUs through the application of new technologies. The Egmont Secretariat, currently hosted by the UK, is the ideal vehicle for FIUs from various countries to talk to one another once they reach the required standard. Financial Crimes Enforcement Network (FinCEN), the U. S. inancial intelligence unit led by the Department of the Treasury, provides training and technical assistance to a broad spectrum of foreign government officials, financial regulators, law enforcement personnel, 12 and ba nkers. This training covers a variety of topics, including money laundering typologies, the creation and operation of FIUs, the establishment of comprehensive anti-money laundering regimes, computer systems architecture and operations, and country-specific antimoney- laundering regimes and regulations.FinCEN also works closely with the informal Egmont Group of more than 50 FIUs to assist various jurisdictions in establishing and operating their own FIUs. Additionally, FinCEN has provided FIU and money laundering briefings and training in many jurisdictions, including Argentina, Armenia, Australia, the Bahamas, Brazil, Canada, China, Costa Rica, Dominican Republic, El Salvador, Germany, Greece, Hong Kong, India, Indonesia, Isle of Man, Jamaica, Jersey, Kazakhstan, Lebanon, Italy, Liechtenstein, Nauru, Nigeria, Netherlands, Palau, Paraguay, Russia, Seychelles, South Africa, Switzerland, St.Vincent and the Grenadines, Taiwan, Tanzania, Thailand, Tonga, and the United Kingdom. FinCEN ha s also conducted personnel exchanges with the Korean and Belgian FIUs. The U. S. Department of State's Bureau for International Narcotics and Law Enforcement Affairs (INL) develops assistance programs to combat global money laundering. INL participates in and supports international anti-money- laundering bodies and provides policy recommendations regarding international money laundering activities.The U. S. State Department has developed a programmatic approach to assist jurisdictions in developing anti-money-laundering regimes to protect their economies and governments from abuse by financial criminals and stem the growth of international money laundering. This approach integrates training, technical assistance, and money laundering assessments on specific money laundering problems or deficiencies to achieve concrete, operational, institution-bui