Corporate Crime and Money Laundering: A Critical Analysis

Running head: RESEARCH ESSAY 0
CORPORATE LAW
ASSIGNMENT
AUGUST 28, 2019
STUDENT DETAILS:

RESARCH ESSAY 1
The people and small group of people in related to the jobs do professional crimes.
The corporate crimes include the corruption, embezzlement, money laundering, tax
evasion, theft, sale’s manipulations, bribery, fraud, as well as money laundering.
The workers for their personal benefits conduct the corporate crimes. The corporate
crimes are made by collectivises or cumulative of restrained persons on the behalf
of corporation. In the criminology, the corporate crime means the crime made either
by the corporation (such as the business entities having the distinct legal
personality from natural people that handle the functions), or by the people on the
behalf of the corporation or other business entity (consider vicarious liabilities as
well as corporate liabilities). For worst corporate crime, the corporation can
have legal dissolution. In most of the times, it may also know as the corporate death
penalty that is the judicial process where the corporation is forced for dissolving or
ceasing to exist. Certain adverse actions by the corporation cannot really be
criminal; in that case, the laws differ between the controls. For the instance, certain
jurisdictions permit the insider trading. The corporate offences overlay with white-
collar crime, organised crimes, as well as state corporate offences. The corporate
offences have become governmentally sensitive in certain nations. In United
Kingdom, for example, adopting the wide publicity of fatal accident on railway
network as well as at sea, the term is normally utilised in the references to the
corporate assassination along with for involving the more common conversation in
relation to the technical hazards made by the business entities.
The corporate crime stances the considerable fears to the safety as well as benefit
of the communities. Provided the universal presence of the corporation in the wide
range of the actions in the society, and the influence of the functions on the much

RESARCH ESSAY 2
wider individual’s group than are influenced through the personal actions, the
possible for both physical harm as well as financial harm caused by the entity is
great. The actions can be controlled by the civil law (such as administrative laws) or
criminal law. In taking the decision of criminalizing the specific actions, the law is
creating the political decision that this action is adequately blameworthy to deserve
the disgrace of being considered as the crime. In law, the corporation may do the
similar offences as the natural people. There are various problems related to the
criminal in the developed world, and money laundering of the public officials is
considered to be a serious issue in the developing nations, and the difficulty to the
development. The Danske Bank money laundering matter is possibly biggest money
laundering scandal in Europe’s history. In following parts, Danske Bank money
laundering scandal is discussed and critically examined. This essay also states the
legal issues, corporate and governmental responses, as well as the proposed
recommendations for avoiding the corporate misconduct to happen again is future.
The money laundering is the serious enabler of severe as well as organised crime.
The money laundering costs United Kingdom the approximately 24 billion dollars.
Money laundering is a process where the offenders hide crime’s proceeds by hiding
it as appropriate and legal earning from other different businesses. The cash may
be laundered on the smaller level with only a business or the larger scale by the
financial devices. The money laundering is prohibited for the reason that cops
require offences to be loss making. The money laundering strengthens as well as
makes able the most of the forms of organised crimes, permitting criminal groups to
further the operations and obscure the assets. Even though there is no exact figure.
There are the realistic possibilities that a level of money laundering influencing
money laundering annually is in pounds. The critical significance of the financial

RESARCH ESSAY 3
segment to economy of the United Kingdom means that money laundering;
specifically the high-ended money laundering (the laundering of larger amount of
illegal funds by the financial as well as specialized service segments) may threaten
the national security of United Kingdom. It may also threaten the prosperity as well
as weaken the honesty of financial system of United Kingdom as well as
international image. It is required by United Kingdom to made focus on handling the
illegal finance derived from the criminal activities at international level and
domestic level.
In addition, the United Kingdom benefits from the active as well as dynamic
business atmosphere, supported by the restricted number of restriction on
developing the business. The ease with that the corporation may be developed is
frequently subjugated by the offenders who set seemingly legal corporations in
United Kingdom as well as offshore however that are mainly the tool for laundering
the illegal funds. In United Kingdom, the money laundered is often crimes proceed
made in different nation; larger financial centres are eye-catching places or transit
points for crime’s proceeds. The larger amounts of criminal money flowing by the
United Kingdom can result into the criminal as well as regulatory penalties being
forced by the authorities in United Kingdom. It might in turn lead to withdrawal from
United Kingdom, or possible downfall, of main financial entities. The Danske Bank
money laundering scandal is best case for analysing related to the money
laundering.
Danske Bank money laundering scandal rose in 2017-2018 approximately 200
billion euro of doubtful dealings, which flowed from the Azerbaijani sources as well
as Russian sources by the Estonia-based branch of based Danske Bank based on
Denmark from year 2007 to year 2015. In Europe, this has defined as perhaps the