On completion of this module, students should be able to:
1. Identify and analyse ethical issues in business in the context of a legal and regulatory framework and a professional code of ethics.
2. Describe the main theories of motivation and their relationship to financial or “white collar” crime.
3. Discuss the historical and contemporary perspectives on serious financial crime.
4. Appreciate the current regulatory framework for financial markets and services, and of the law enforcement agencies tasked with fighting crime in this arena.
5. Analyse the boundaries that exist between corporate governance, integrity and management control.
you think Jho Low adheres to?
Q2 Explain and illustrate what a fraud triangle is? Based on the case study, which element(s) of the fraud triangle did Jho Low frequently employ? Critically discuss what money laundering is and provide examples based on the case study. Explain in detail what white-collar crime is.
Q3 The banker in the Development Bank of Singapore (DBS) was blindsided by Jho Low to funnel millions of dollars through its branch. Describe and explain how this could have been prevented.
Q4 What should the roles and responsibilities of Najib Razak (the chairman) and Shahrol Halmi (the CEO) of 1MDB have been in a typical organisational structure? What should have the board of directors of 1MDB put in place the moment the company was established?
Q5. Explicitly discuss what corporate governance is. Explain what Stakeholder Theory and Shareholder Theory means. Apply these theories to the case study and substantiate your answer. Do you think ethics and control can totally eradicate financial fraud?
