Money laundry assignment 2500-3500 words

All questions can be answered in relation to a jurisdiction with which you are familiar. Where a specific jurisdiction has been selected this should be clearly stated in your answer. Answer all questions. Question a) Analyses the traditional ‘three-stage’ money laundering process and explain the limitation of the three-stage analysis. b) Explain and analyses the function of the Financial Action Task Force (FATF) mutual evaluation system. c) Select a jurisdiction with which you are familiar and identify the main applicable laws, rules and guidance relating to anti money laundering prevalent within the jurisdiction, giving a brief summary of the regime. d) In relation to the substantive offence of money laundering explain and illustrate the following terms: • the objective test of knowledge or suspicion • the wilful blindness principle. e) Evaluate the extent to which the duty of confidentiality owed to a client might conflict with the duty to report knowledge or suspicion of money laundering imposed under a regulatory obligation. f) Select a sector, industry, product or service and highlight the money laundering vulnerabilities by virtue of examples of red flag indicators that demonstrate potential suspicious activity. g) Evaluate three main methods used by terrorists to move money or transfer value in order to achieve their objectives.