Implementation of Strategies

Running Head: BMA735
[Company name]
BMA735
[Document subtitle]

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Contents
Introduction................................................................................................................................1
Key Ethical Issues in Case.........................................................................................................1
Ethical Theories in relation to Case...........................................................................................3
Implementation of Strategies.....................................................................................................4
Recommendations......................................................................................................................5
Conclusion..................................................................................................................................6
References..................................................................................................................................7

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Introduction
The purpose of this paper is enlighten the reader with the information about the ethical issues
presented in the case analysis of the Australian Bank Westpac. It should be noted that
recently in the later 2019, it was presented that the CEO of the bank Brain Hartzer was
pushed out of the organization for the crimes conducted by him. The report stated that the
Westpac CEO was found guilty under the crime of child exploitation and money laundering
as well. The below mentioned paper analyze the ethical aspects related to the news and the
case and evaluate theories relating to it. A crime is called a crime when it breaches the ethical
standards of the action. Further, the paper analyze the details about the case, its relation with
ethical theories and the implementation of strategies and recommendations that could be used
by the organization to prevent the bank from condemning such actions again.
Key Ethical Issues in Case
Initially analyzing the case of Westpac organization, it should be noted that the bank was
found guilty in the act of money laundering under the Australian anti-money laundering law.
The bank was sued by the financial intelligence agency AUSTRAC for committing such acts
in the real world. In the reports of AUSTRAC, it was stated that failed attempt of the
organization to appropriately account and monitor the transactions made the people commit
negative actions in the environment. This negligence of the organization made the convicted
of child sex offender to continuously transact with some person in Philippines (Hall 2019).
The CEO of the bank on the other hand told his staff to not create hype of the event and do
not overcook it. Mr. Hartzer believed that the organization has attempted mistake that
affected the ethical regulations of the bank, however, the event was not that big to pay with
such penalties. He also stated that he is the right person who is accountable for every action