Bank of Africa-ZM is concerned about its compliance with the Global Anti-Money Laundering Law. As an Anti-Money Laundering Officer, discuss the concept and stages of money laundering, and describe the types of transactions that may be reported as suspicious.

Banking and Financial regulations

Discuss means evaluate the good and bad aspects of an issue, the for and against of any proposition before coming to a balanced and informed judgement that is persuasive.

Part 1 A

Universal Bank in Africa (Bank of Africa-ZM) which engages in trade finance requires a corresponding bank in the United Kingdom to make international payments, to be able to carry out international transactions. Specifically, they want the bank to be able to confirm its letters of credit to enhance their trade finance portfolio. As a financial advisor, recommend which of the UK banks (Royal Bank of Scotland, HSBC and Lloyds) should be the first choice for Bank of Africa -ZM to correspond with.

An overall assessment is required based on the anlaysis of the following:

a) Liquidity

b)Leverage

c) Profitability Additional Instruction.

Use Osiris database to find financial reports for Royal Bank of Scotland, HSBC and Lloyds Bank. A five-year historical performance is adequate for assessing the perfomances of the banks. It is expected that the assessment is well structured and adequately discussed by comparing ratios and other variables. Using graphs will enhance your evaluation and presentation, and will help reduce your word count. (40 marks)

Part 2- Answer both questions

Question 1

Bank of Africa-ZM is concerned about its compliance with the Global Anti-Money Laundering Law. As an Anti-Money Laundering Officer, discuss the concept and stages of money laundering, and describe the types of transactions that may be reported as suspicious. (30 marks)

Question 2

The role of shadow banking on economies is an ongoing debate. Increased services to Small and Medium Enterprises is seen as one benefit of Shadow Banking. On the other hand, others consider it as very risky. Discuss. (30 marks)

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