Case study on Money laundering

Custom Research Paper Writing Service 

Assignment brief – ACFI3211 (Individual assignment 2020/2021)

Don't use plagiarized sources. Get Your Custom Essay on
Case study on Money laundering
Just from $13/Page
Order Essay


  1. Case study on Money laundering

A firm of forensic accountants in the UK adopted an aggressive foreign expansion strategy in order to increase its market share and profitability especially in the international market. Based on this new strategy, the firm established alliances/pacts with a number of small to medium sized fastgrowing law firms, primarily with countries within Eastern Europe as well as other EU member States. These law firms are not part of any international network of lawyers, but they share the same willingness to expand their businesses.

The forensic accounting firm has appointed a Compliance Officer with limited anti-money laundering and compliance experience. The assistance to the Compliance Officer is a junior employee without any experience in compliance.

The firm’s acceptance policy operates on a risk point’s basis. The riskiness of clients is determined based on just two factors:

  • Whether the client is a PEP, (this criterion carries most of the risk points). PEP’s are identified using a reputable web check platform; and
  • What the client discloses as being his business activity.

All clients that are not PEPs are usually classified as normal risk clients. Work referred to the firm by the foreign law firms is assessed as normal because the company has a policy of relying on their client due diligence ( CDD) policies and procedures for its clientele because they are regulated firms and it considers the referrers as trusted associates.

The firm’s management requested from the compliance team to ensure that their work contributes towards the firm’s strategic decision for growth and expansion in foreign markets. It now transpires that one of the accounting firm’s international clients, referred to by a law firm in Eastern Europe, is on that country’s Ministry of Works and Pension List for Corruption and Fraud and the Forensic accounting firm is now considering its options.

  1. Identify and discuss at least five (5) critical issues and potential risks that this forensic accounting firm could face. 25 marks
  2. Critically discuss KYC/Due Diligence procedures the forensic accounting should firm have implemented? 25 marks Maximum 500 words
  3. Case study on Negligence

Karen is having her wedding next summer. One afternoon, she was accompanied by her friend, Fauzia to try some wedding dresses. After finding the dress of her dream, they decided to go to a local bar to celebrate before heading home. Fauzia offers Karen a lift home in her car. At first, Karen refused, but Fauzia assured her that she was probably only just over the drink-drive limit and was all right to drive.

On their way home Fauzia loses control of the car and crashes into a side tree. Karen had some cuts and bruises on her knee and is immediately taken to hospital.

At the hospital, it was discovered that Karen has an infection on her knee. However, the doctor on duty decides not to immediately administer antibiotics to the infection as recently read a publication in a social media article which suggested that it is better to allow the body time to heal. Karen developed complications on her Knee which was subsequently amputated.

  1. Identify extensively any actions available in the tort of negligence and critically analyse the elements of the tort accordingly. 40 marks
  2. Discuss the role of forensic accountant in the above scenario. 10 marks

Maximum 500 words

Please note that there is -/+ 10% on this assignment.

The submission deadline is 28th January 2021

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Home Work Stand
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Writer was cooperative and got me an A on my paper.
Customer 452445, December 23rd, 2021
Human Resources Management (HRM)
Always amazing work! Easy communication and made changes according to my needs!!
Customer 452445, January 5th, 2022
It was a very long paper, but she followed all the instructions, and she even finished the paper 3 days before the due date
Customer 452445, June 8th, 2022
Helped me beat the deadline. Am grateful.
Customer 452445, November 6th, 2021
Human Resources Management (HRM)
Great explanation and answer
Customer 452445, October 30th, 2021
I am so pleased with your services Thank you so much for a well-done job with my papers!
Customer 452445, January 9th, 2022
It was very helpful and well thought out.
Customer 452445, January 26th, 2022
Business Studies
Great writer. Highly recommended!
Customer 452445, December 22nd, 2021
The writer provided the highest quality paper before the deadline. Followed all the directions provided and never had to contact me regarding the assignment. Great essay writing service!
Customer 452445, December 9th, 2021
Human Resources Management (HRM)
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452445, June 6th, 2022
Great writer. I get a 100 on everything I turn in from here :)
Customer 452445, January 16th, 2022
Human Resources Management (HRM)
Awesome work! Writer articulates points well which makes it easy to read the essay!
Customer 452445, December 15th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Order your essay today and save 15% with the discount code ESSAYHELP