ASSIGNMENT 2 INTRODUCTION TO FINANCIAL CRIME by farah hazlin https://padlet.com/frhnrhzln/uk618noi4lm890rx (PM 1208) DPM 05 en-us 2020-06-26 04:37:45 UTC 2020-06-27 00:01:19 UTC hello@padlet.com MEMBER OF GROUP frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640720396
  • NURNASYWANI
  • NORDAYANA FATEHAH 
  • ERNA ELLIANA AZUANI
  • NURAFFIQAH
  • FARAH NOR HAZLIN
    • ]]>     2020-06-26 04:44:56 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640720396     Discuss the ethical issue in the movie (Erna) frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640726847 - Key man dependency and lack of transparency
    - Corporate code of ethics and culture drivers
    - Tone at the top and unethical executive decision-making
    - Lack of business sustainability due to dishonest practices
    - “It’s just money” – moral relativism as justification of unethical behavior]]>     2020-06-26 04:56:43 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640726847     Identify the fraud issue in the movie (Pika) frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640745086 1. Finance
    Profits are down and 80% of the staff on the trading floor are being laid off.

    2. Economics
    Margin Call tries to make clear the reason for the problems at Unnamed Investment Bank

    3. Responsibility
    Unnamed Investment Bank has bought too many subprime mortgage assets and those have now turned out to be toxic, but it underplays the crisis in the rest of the banking sector at the time. 

    4. People (employee)
    Most movies about business don't work    ]]>     2020-06-26 05:29:42 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640745086     Analyse on how to prevent the issue (Farah) frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640815338
  • A strong leader
    • Effective leaders engage with the team at all times. Effective leaders engage with the team at all times.

    • Fired the wrong worker
    Dismissing the criminal offender especially if those involved are government officials is a wise move.
    ]]>     2020-06-26 07:37:46 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640815338     Summarize the movie (Teha) frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640839849 Margin Call is a 2011 American drama thriller film written and directed by J. C. Chandor in its directorial debut. The main story unfolds within 24 hours at a large Wall Street investment bank during the early stages of the financial crisis of 2007–08. [2] [3] Focus is the action taken by a group of employees during the ensuing financial downturn. [4] The ensemble cast features Kevin Spacey, Paul Bettany, Jeremy Irons, Zachary Quinto, Penn Badgley, Simon Baker, Demi Moore, and Stanley Tucci.]]> 2020-06-26 08:16:59 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640839849 Justify the type of fraud practices in the movie (Wani) frhnrhzln https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640843006 1. Asset Misappropriation 
     - When someone steals funds from his or her employer. 
    - That most common type of fraud affecting business.

    2. Payroll
    - An individual submitting false documents or manipulating the payroll system to cause the business to pay out incorrect funds. 
    - Type of payroll fraud include:
          a) Overstatement of employee hours
          b) Alternation of numbers used in ditermining bonuses or commision. 
    - To reduce tehe chances of payroll fraud, an organization must keep its employee files up-to-date. 

    3. Skimming
    - Consists of taking company funds before they are recorded. 
    - Unlike cash larceny, which occurs after the funds have been documented. 
    - Skimming happens prior to asset nation, making this type of fraud harder to detect.]]>     2020-06-26 08:21:43 UTC https://padlet.com/frhnrhzln/uk618noi4lm890rx/wish/640843006