DSTV Consumer Behaviour

DUST aims to give â€Å"So Much More† to their clients and they do this with the creation of an effective racketing strategy. They target people who demand a high level of entertainment with a variety of program offerings such as Movies, Music, News, Comedy, Documentaries etc, for the entertainment of their clients thus creating and delivering value to the customer. The customer may choose what they want to watch whenever they want to watch It, whether at home or on the move with various Innovations such as the decoder at home and the Walk which may be used on the move.With all the innovations they have come up with and made money off, DUST still aims to better he environment they work in whether it is improving the lives of people through charity organizations or CSS. DUST has created employment for people of Africa and opportunities for Africans such as the Face of Africa competition, New Directions Initiative and the creation of Channel O which focuses on the musical talent s of some of Africans best musicians.DUST has also created multiple initiatives focused on improving the lives of people living in South Africa such as giving access to water to people without and making green houses for the people of South Africa. DUST rated and Installed the playful system In multiple schools throughout South Africa. This system combines the energy of children who would play on a Roundabout Playful which would produce water as they play, this water Is then used by the children for drinking purposes and it is used to water the food gardens areas to create a green environment.DUST has already provided over 5000 trees for low income households and community areas in the country. (Anon B) Market Analysis Customers User's Demographic core LSI: 8 – 10 Gender: 50% Male 50% Female Age: 6 – 18 Years Selector's Demographics ore LSI: 8- 10 Age: 20 – 35 years Payer's Demographics Age: 25-arrears Organizations Capabilities Strengths DUST offers over 90 Cha nnels and 78 Audio Channels Innovative – They have introduced Mobile TV I. E.Drifts, Drifts USB, Walk, Drifts (Lisle's Notes) DUST is Technologically Advanced – â€Å"South Africans Leading Satellite Pay Television Brand† (Lisle's Notes) Weaknesses DUST offers too many options in its Premium Bouquet DUST Premium is expensive and the cheaper DUST compact offers little entertainment Dusts is difficult to navigate and troubleshooting problems such as loss of signal uh to mechanical failure are difficult to fix Opportunities A growing Mobile Entertainment market The online media streaming trends Technological advancement e. . HAD Television, Smartened APS that allow you to stream media, AD TV. Threats People going back to traditional entertainment e. G. Children choosing to play outside instead of watching TV Piracy e. G. Illegal movies being sold at traffic lights being substituted for DUST Box Office Competitors e. G. Estimates which has over 7 million Current Com petitors Cinema e. G. Steer-Senior, Memento etc. TOP Walking on Water On Digital MediaE-sat Talked Media Future Competitors Nettling Provider of on demand online streaming media Numb Television They aim to offer 150 Channels HAD Channels Catch-up/On Demand Service Youth Stream videos online TV's being able to connect to internet meaning consumers can stream videos online The Environment Economic Forces Petrol price increase means some items will become more expensive which may force some to cut back on luxuries e. G.Changing from DUST Premium to Compact in order to save money Technological Forces Introduction of Smartest which may connect to the internet Smartness becoming trend in South Africa, DUST Mobile customers may increase. Legal Forces Laws that allow/disallow the broadcasting of certain events e. G. Oscar Posteriors Trial may increase DUST viewers Environmental Forces Weather patterns changing, more rain means DUST signal will be affected, which affects the performance of t he network. Segmentation DUST operates in the Satellite TV Market. They have chosen to focus on mainly the entertainment and education segments of that market (Anon C).This market is one that provides consumers with amusement in the form of Game Shows, Sport, Music, Movies etc, as well as insight and knowledge in the form of Documentaries, News and Learning Programs. The best way to segment the DUST market would be to place a group of individuals who share a similar set of needs and want together and provide them with programming that would best satisfy those needs. (Moray Roberts L. ) This segment would be targeted at children below the age of 10 years. These children are part of the core LSI (LSI 6 – 8).There's no cultural, racial limitation to the group and the programs featured in this Segment would include channels such s Cartoon Network, Disney and Nickelodeon for Entertainment purposes as well as channels such as the Learning Channel for Educational purposes. I choose to segment in this manner because this would allow DUST to effectively target children more and provide higher quality services to the parents and the children watching the shows which would best fit Dusts slogan â€Å"So Much More. † DUST premium This segment is targeted at adult Males and Females between the ages of 40 – 50 years.This individual is at the prime of their life and needs a high level of service and value for money. This individual is part of LSI 8- 10 and has a high ranking position in their workplace. This individual gets to enjoy all of Dusts offerings exclusively at any time of day. These individuals may watch DUST on their own or with their family/friends. DUST compact This segment is targeted at young adult males and females between the ages of 20 – 25 years. These young individuals are students and cannot afford to pay Premium prices but would like to enjoy some of Dusts offerings.This segment focuses purely on entertainment e. G. Reality s hows, game shows, music and series. They get to watch their favorite shows in their apartments/flats or on their smartness. These individuals are part of LSI 7 – 9 and are generally into speaking about celebrities and the latest gossip. DUST Cinema This segment is targeted at adult Males and Females between the ages of 30 – 40 years. These individuals love watching the latest movies and with the price of cinema tickets increasing they would benefit greatly from an affordable movie ticket in the comfort of their own home or while on the move.These individual are social and can e found in restaurants with their family or friends but would prefer to watch movies at home where there are less people and more comfort. Conclusion DUST has been able to grow its market over the years by creating effective marketing strategies that satisfy the consumer's needs. This has increased the amount of loyal customers they have and through thorough understanding of their customer's behav ior they may continue to make the right decisions when it comes to what their customers want and need as well as what they offer. References Bridal Paramus S. Roberts-Lombard M, 2012, Consumer Behavior, 2nd Edition, Marketing, 12th edition, Pearson Education Inc, 10 February 2014 Anon A, http:// unbranded . Co. AZ/news/broadcasting/81013-dust- more-subscribers- more- money. HTML, 15 February 2014 Anon B, http://www. Melancholic. Co. AZ/Melancholic/ view/Melancholic/en/page 24238, 17 February 201 5 Anon C, http:// www. Superabundant. Com/AZ/index. PH? 17 February 2014 Anon D, HTTPS:// www. BC. Dude/?Joneses/overhead. HTML, 23 February 2014 Gill Model, 2013, http:// grubstake. Co. AZ/2013/05/09/did-top-TV-ever-stand-a-chaw once-Ana lays is-of-dusts- strengths-weaknesses', 24 February 2014

Ethical Issues of Robots in Society Essay

Ethical Issues of Robots in Society Essay Free Online Research Papers Robots grow more and more capable all the time. Their abilities to see and comprehend the world around them are also increasing at a rate that far exceeds the scientific world’s initial expectations. With products like ASIMO from Honda, it is clear that robots are making their way out of the lab and into the hands of consumers. It is obvious that the ethical issue of machine slavery is relatively abstract. However, the real ethical questions that revolve around robots are their impact upon human society. Clearly, low skilled labor will experience the side effects of having their jobs replaced by machines. Thus leaving society with an over abundance of people with outdated skills and little education to fall back on. This could result in a serious economic and social backlash. There is also the ethical question of how is a robot to be treated on a day to day basis. It sounds silly, but is it ethical to turn your robot off? Consider the flip side, maybe it is more unethical to leave your robot turned on for too long. These two questions lead us to ask at what point does a household device become worthy of moral protection. By moral protection, one means a societal sense of it being wrong for one to intentionally damage or injure the machine. This would closely resemble a machine version of animal cruelty laws. Most researchers believe that robots are nowhere near a point to which they are advanced enough to even raise these questions. However, society has witnessed the result of not dealing with moral and ethical questions until the last minute or even after the fact on many occasions. How interesting it would be, to do something right from the beginning, before problems arise. Most would agree that intentionally beating or breaking a robot is more a damage of property issue, than a moral, life-entity one. However, this is probably going to be the first real ethical question that arises with the coming of the robotic age. Where does the line get drawn between a device used for work and something that deserves moral protection? A lot of what sets machines apart from animals in our psychological profile of them. Machines do not cry, show signs of distress, injury, nor do they act to avoid them. It is likely that robotic entities will be endowed with highly advanced self-preservation instincts programmed into them. Robots are expensive, and nobody wants their costly investment throwing itself into a pool one night after a hard day of labor. These programs will require a kind of internal, negative feedback system to harmful situations. Biological life forms have a sense of pain; it is our internally wired system that reacts to negative stimulus. Most intelligent robots today have some rudimentary form of self-preservation such as an aversion to dropping off an edge. Even more advanced robots can identify areas they had difficulty performing in, remember where it was, and in the future avoid it. Pattern matching is common as well, so as to actually predict what areas will be met with difficulty, and avoid them entirely, without actually encountering it. Perhaps as a result of the universally understood sense of pain, we have moral codes that believe it wrong to cause pain. Is it wrong to smash a robot appendage with a hammer? What if this machine has been endowed with a system that actively tries to avoid such situations, yet you were was able to overcome it? The machines of today and the very near future stand at the blurry boundary of simple machinery and the neurological functionality equivalent to insects, reptiles, birds and even some simple mammals. They are intended to operate and interact with us in the real world much as these natural creatures, yet with a set purpose in mind. The question is how long can we push off dealing with moral and ethical issues that relate to creating life like organisms. Research Papers on Ethical Issues of Robots in Society EssayBionic Assembly System: A New Concept of SelfMoral and Ethical Issues in Hiring New EmployeesRelationship between Media Coverage and Social andGenetic EngineeringDefinition of Export QuotasIncorporating Risk and Uncertainty Factor in CapitalMarketing of Lifeboy Soap A Unilever ProductResearch Process Part OneTrailblazing by Eric AndersonEffects of Television Violence on Children

French News Vocabulary

French News Vocabulary The French you learn in classes and grammar books is not always enough when dealing with the real world. This list of French vocabulary related to current events will help you understand news in French. la une  - on the front page les achats de prà ©caution  -  panic buying lactualità ©, les actualità ©s  -  news affolà © (adj)  -  panic-stricken allà ©guà © (adj)  -  alleged un appel  -  appeal, call une arme  -  weapon, gun une arme blanche -  knife les armes de destruction massive -  weapons of mass destruction assassiner  -  to murder un attentat  -  attack un attentat-suicide  -  suicide bombing lavortement  -  abortion la banlieue  -  suburb un bilan  -  appraisal, assessment, death toll blessà © (adj)  -  injured, wounded une bombe  -  bomb la canicule  -  heat wave un cas de force majeure​  -  disaster (natural or man-made) les Casques bleus  -  UN peacekeeping forces un casseur  -  rioter une catastrophe aà ©rienne  -  air disaster une catastrophe à ©cologique  -  environmental disaster une catastrophe naturelle  -  natural disaster un cessez-le-feu  -  cease-fire le chà ´mage  -  unemployment un collecte au profit des sinistrà ©s  -  disaster fund un coup dEtat  -  coup detat, overthrow une coupure de courant  -  power outage le crime  -  crime un criminel, une criminelle  -  criminal une crise  -  crisis un cyclone  -  cyclone, hurricane des dà ©gà ¢ts  -  damage le deuil  -  bereavement, mourning un dà ©sastre financier  -  financial disaster un dà ©sastre politique  -  political disaster les drogues (fem)  -  drugs un à ©boulement  -  rockslide une à ©lection  -  election une à ©meute  -  riot une enquà ªte  -  investigation une à ©pidà ©mie  -  epidemic extrader  -  to extradite un feu  -  fire un flic (informal)  -  cop la garde vue  - police custody à ªtre mis/placà © en garde vue  - to be kept in custody, held for questioning le gaz lacrymogà ¨ne  - tear gas un glissement de terrain  - landslide une grà ¨ve (faire la grà ¨ve)  -  strike (to be on strike) la guerre  -  war la grippe aviaire  -  bird flu la grippe porcine  -  swine flu hexagonal  -  French lHexagone  - France un immigrant, un immigrà ©Ã‚  -  immigrant les impà ´ts (masc)  -  tax es un incendie  - fire une inondation  - flood inonder  - to flood un insurgà ©Ã‚  -  insurgent des intempà ©ries  -  bad weather IVG  - abortion​ le kamikaze  - suicide bomber la loi  - law la lutte (literal/figurative) - struggle, fight une manifestation  - demonstration le meurtre  - murder la mondialisation  - globalization une navette spatiale  - space shuttle un obus  - explosive shell opà ©ration escargot  - rolling blockade un ouragan  - hurricane une panne dà ©lectricità ©Ã‚  - blackout, power cut la peine de mort  - death penalty la pà ©nurie  - shortage, lack la police  - police un policier  - police officer la politique  -  politics, policy le politique  -  politician poursuivre en justice  -  to sue le pouvoir dachat  -  buying power prà ©sumà © (adj)  -  alleged un procà ¨s  -  trial le rechauffement de la planà ¨te  -  global warming la rà ©gion sinistrà ©e  - disaster area une rà ©plique  - after-shock, counter-attack la retraite  - retirement un scrutin  - ballot, election un sà ©isme  - earthquake, upheaval selon (prep) - according to un sinistrà ©, une sinistrà ©e  - disaster victim un soldat  - soldier un sondage  - po ll le suicide assistà ©Ã‚  - assisted suicide un syndicat  - union le systà ¨me de santà © publique  -  health care system un tà ©moin  -  witness une tempà ªte  -  storm le terrorisme  -  terrorism tirer (sur)  -  to shoot (at) les titres  - headlines, headline news une tornade  - tornado les transports en commun  - public transit un tremblement de terre  - earthquake une trà ªve  - truce tuer  - to kill un vaccin  - vaccine une victime  - victim (Note that this word is always feminine, even when referring to a man) voter  - to vote

Human Resource Management Essay Example | Topics and Well Written Essays - 3000 words - 19

Human Resource Management - Essay Example It’s for that reason crucial for all supervisors to comprehend and provide due significance to the diverse HR guiding principles as well as functions within a business. Management of HR describes HRM significance along with its diverse roles of a company. It explores the diverse Human Resource procedures which get interested with drawing, controlling, inspiring as well as developing workers for the organization’s advantage (Metz, 2005, 35). Talk to anyone operating within Omani oil and gas industry as well it is shortly prior to the arising of the HR question. â€Å"The tanks at this place are vastly complex; thus, the capability gap is a challenge; however it may even be a problem within the United Sates or whichever other marketplace. We require collaborating with the State in providing sufficient education,† Chikri Ben Ammo, the general oilfield services general director of Schlumberger Oman. The multifaceted reservoir buildings coupled with hydrocarbons endowment from sultanate implies that the responsibility sourcing human resources with suitable know-how as well as competencies has constantly been a hard one for global oil corporations, and will probably stay so (Dess & Miller 2010, 12). The article describes the challenges in HR management inside a shifting setting and recommends possible leveraging as well as HR management methods. Hiring as well as retaining competent personnel has transformed into an expensive commerce in form of capital as well as time, and it’s hence not shocking that the State along with the personal sector has by now ventured large amounts in teaching Omanis in working at all hydrocarbon company levels, from discovery to distillation and delivery (Sadler 2003 23). The mainly noticeable sign of this combined endeavor is to be established in Muscat control center foundations of the government-owned colossal Petroleum Growth

Separation of power in the UK Essay Example | Topics and Well Written Essays - 1750 words

Separation of power in the UK - Essay Example The principle of separation of powers had leveraged many constitution makers, philosophers like Montesquieu whom all had intense thinking to this maxim. Even though the United Kingdom constitution is unwritten, it is a golden doctrine of separation of powers for other countries to follow. Back in 1748, Montesquieu- a French jurist- put forward his hypothesis that â€Å"there can be no freedom† and thought, â€Å"Everything would terminate if the judicial, legislative and executive powers of the government were to be involved by the same individual or authority. In the United Kingdom, the law is separated into three powers; judicial, executive and legislative. The judiciary plays an important role in United Kingdom politics. The judiciary comprises of, the royal court, Supreme Court, crown court and the magistrate courts. It should be apolitical, and any rulings made, for instance on government legislation, must be in a free and fair manner without any element of political bias (Lovell, 2003; p 54). Nevertheless, different aspects about Judiciary raise a string of questions lately: judicial supremacy, judicial independence and judicial neutrality. The courts of England are Crown Court’s jurisdiction is strong because of the power of the Crown. The executive oversees the function of the Crown with relevance to Royal prerogative. The executive has no right to delay the process of common justice. It is a law that goes back down the memory lane over a century ago. Moreover, the executive has no mandate to pressure judges. Especially into acting in ways other than impartiality. In the Act of settlement in 1701, judges in higher courts had the privilege of remaining judges as long as they had shown â€Å"good behavior†. If they were guilty of bad behavior then a legal approach to have them fired was an option. For the large number of judges, there is no such thing. Thus, it guarantees them a security of tenure within their

Socrates and his trial Research Paper Example | Topics and Well Written Essays - 1500 words

Socrates and his trial - Research Paper Example In addition, more knowledge about the teachings and life of Socrates are available through the memoirs of Xenophon (Aristophanes, Irvine and Plato 14). Historical records describe Socrates as an individual who neglected his personal affairs in order to spend much of his time discussing a number of concepts, which include piety, justice as well as virtue. He taught his fellow citizens at all places whenever they congregated around him to hear his teachings. These citizens usually gathered around him in order to seek wisdom about how to conduct them justly and right. They wanted this kind of knowledge in order to shape and guide the moral as well as the intellectual improvement of their community, Athens. Socrates used a powerful method in dialogue known as the Socratic Dialogue or Dialect in order to draw forth knowledge and understanding from his students. He did this through his pursuit of a series of questions posed at the students as well as examining the implications of the answe rs that they gave for the questions (Aristophanes, Reeve and Xenophon 45). Socrates valued morality so much that he equated virtue with the knowledge of the true self of an individual. He argued that nobody in his or her clear and pure mind committed a wrong act knowingly or intentionally. In addition, Socrates looked down upon the soul. He claimed that the soul was the seat of both moral character as well as waking consciousness. He also argued that the universe was purposively mind-ordered. As such, he gravely criticized the religious as well as the political institutions of the Athenians and the Sophists. These criticisms made him so many enemies that Aristophanes burlesqued his position in the society. As such, the authorities feeling offended by the criticisms from Socrates decided to fix him by putting him through trails and charging him for corrupting the people (Danzig 23). These enemies made true their threats and held Socrates accountable for the teachings he gave his foll owers about justice, virtue and morality within the society. In 399 B.C, Socrates faced trial with charges of corrupting the morals o the youth within Athenian, as well as facing accusations for religious heresies. Most people believe in the modern times that the arrest of Socrates stemmed primarily from the influence that he held over Critias as well as Alcibiades, who in an earlier perspective betrayed Athens in one way or another. He faced conviction from his charges without many pleas to argue out his innocence. He resisted all the attempts and efforts made to rescue or save his life from impending death. He got a death sentence, whereby he was to drink a cup of poisoned hemlock, and he did this willingly (Johnson). All these accounts of the life and trial of Socrates are only available through the stories made by Plato in the Phaedo, Crito and Apology. Consequently, the death of Socrates through drinking of poisonous hemlock marks one of the most famous usages of the poison in early history. Socrates, whom most philosophers, as well as, the Greek descendants consider him as the father of Greek philosophy, faced trial for impiety and corruption of the youths of Athens with his teachings and criticisms. He became a controversial figure in the city of Athens and as such created many enemies through the hatred that he aroused in many of the people he criticized their way of life or traditions, such as the religious factions and the political dispensations. He therefore created many

FORENSIC ACCOUNTING Money Laundering and organized Finance

FORENSIC ACCOUNTING Money Laundering and organized Finance Money laundering poses a serious threat to individuals, businesses, financial systems, markets and governments as this financial crime affect the health of human beings and destruct the development of a country, for example developing countries loses billions every year to countries such a Switzerland. In the recent years White Collar crime has become the potential threat to the continued existence of capitalists economy , which now force the international and regional government begin to acknowledge that money laundering has become a threat to the global economy development, financial systems as well as to the global community. Due to the growing of organised crime such as human trafficking, drug trafficking, terrorism and tax evasion. Money laundering is believed to be the third industry by some academic researchers, with an estimated 2% to 5% of gross domestic products (GDP) of the world. This essay will also provide a literature review in order to better understand the theories of money laundering and the roles and responsibilities of professional bodies. Which also include the review of international and national policies and legislation frameworks designed to prevent money laundering? Final the finding and recommendations of this essay clearly shows evidence which suggest that professionals are vectors and advisers of money laundering, therefore, such illicit seems to be made easy by various professions who collaborate and contribute to this growing problem, in particularly the banks, professional bodies such as Auditors, Accountants and Lawyers, are argued to play a pivotal role in smoothing the progress for money launders to conceal the proceeds of their corrupt activities INTRODUCTION This study will attempt to examine the relationship between money laundering and Fraud, as well as its global network and the seriousness of these crimes effects in the global economy and the social consequences for the international community. Furthermore, put in plan words the problem of money laundering in the UK, reflecting on whether anti-money laundering laws introduced in the past decades has in some why improved the control of this criminal activity. Summers (2000), states that the observable fact of money laundering is a characteristic of organized crime with researcher and academic estimating that the money laundering generate about US$100 billion; while the British Intelligence estimated that the total amount being laundered annually is about US$500 billion..The illicit drug trade alone is estimated to generate about US$300 billion of which a significant part would require laundering; this is also supported by Wolfensohn (2002). As there are many studies that critically examine money laundering and the factors that contribute to money laundering etc, there are still few and far between studies actually looking into the factors that contribute to the increase of money laundering in developing countries and match up to whether developed countries preaching for regulations and monitoring money laundering to the rest of the world , while ignoring their contribution in promoting this complex crime in developing countries indirect and direct. Problem statement White Collar crime has become the potential threat to the continued existence of capitalists economy. Money laundering for instance is assumed to take a large portion of white collar crime global, as statistics predict that almost 5% of the world gross domestic product (GDP) is lost to money laundering each year (IMF, Website ). Research aim and objectives The primary objective of this essay is to explore and identify the level that underpins the bureaucracy of money laundering, looking at both point of views (Developed Countries perspective and developing countries point of view), and measuring the preventing of money laundering. Also as to give comment on the accuracy to whether the join combat efforts are realistic. Research methodology The present study is an attempt to explore and explain the international legal systems in combating money laundering and fraud the legal framework in the global scale. The methodology of this study will gather information from secondary sources, which are already in publication, such as academically journals, books, professional articles, the internet and any other publications (Sekaran, 1992). Furthermore, the study will make an effort to find out the relevance of the information so as to possible present appropriately, to explore some of the factors that are part of the cause to money laundering and fraud. Therefore as the study will be only based on published secondary information we will reach a conclusion that does not point toward our own opinion but the critically review of the conclusion of the previous studies in this have concluded. Assumptions made in this report As the definition of money laundering constitutes a range of dynamic criminal activities, this study make assumption that money laundering includes trafficking, fraud, corruption and terrorism as all these crimes share a common feature, which lead to proceeds of illicit being laundered in some way or another. Therefore, all these above mentioned crimes are to be money laundering for this study. Investigation Outline The first section of this essay will provide a brief introduction of the objectives and assumptions made throughout the essay, as well as attempt to introduce the research question and give an overview of the subject area. This will be followed by the second section, which reviews previous studies and the critics of the conclusions of these studies. Section three will then briefly communicate the theories of money laundering and the factors that cause money laundering developing countries, followed by a short history and the definition accepted by this essay. Section four will provide evidence found by this study and a critically suggestions. Finally section five will reach a conclusion. Literature Review In order to understand the present and future of money laundering, it is important to first give a brief explanation of the background history of its origin. According to Bosworth et al, (1994), money laundering originated in the USA during the 1930s, Despite the fact that there are several publications studies in the literature of critically examining the subject area, their point of view seem to give attention to the legal and regulatory framework, adding to analysing the stages of cash placement or analyzing causes and remedies of legislations that contribute to money laundering, however, there is little done, in other words a number of empirical studies are rather limited to study whether there is a linkage between the developing and developed countries, and if are there any lessons learned? According to a study by Wolfensohn (2002), stated that at least US$1trillion is believed to laundered every year using progressively more highly developed methods such as the wiring transfer of funds across boarders, in addition these complex methods involve employing services and advice of professionals such financial advisers and accountants (Sikka, 2003; Arnold and Sikka, 2001; Aloba, 2002; Bakre, 2007;). Mitchell et al., (1996) study exposed actions carried out by some of these professionals and companies in Accounting such as Jackson Company; Grant Thornton Partners; Coopers and Lybrand; and a cabinet minister in the UK government, who were all caught up in money laundering of illegal transferring money from AGIP to Kinz Joallier SARL. The professional body of the Institute of Chartered Accountants in England and Wales (ICAEW) was passed on with the case to investigate the professional misconduct of its members. Even though the High Court had previously dealt with the case and gave its own judgment, which found that the two Accountants who were caught up in the act of money laundering, the courts ruling stated that these professionals actually knew that their action were against the law and obviously laundering money, the Judge found them guilty, however the professional body itself (ICAEW) it appears that did not view it the same way as the Court did. Furthermore when the investig ation and disciplinary committee of the ICAEW was criticised it argued in defence that it was not provided with insufficient evidence to warrant the bringing of a disciplinary case against any of its members in this case of money laundering (see Letter of May 9, 1994). On the other hand, BCC I investigated the global closure in 1991 and uncovered a massive amount of criminal activities including money laundering in a number of countries around the world, which involved bribery of government officials, arms trafficking, the sales of nuclear technologies, the support of terrorism, tax evasion, and smuggling operations, as well as massive financial frauds (Arnold and Sikka, 2001). According to the 400 page report by Arnaud Montebourge (2001) The City is an impenetrable fortress with a status, rights and custom of its own, a closed universe where every financier, banker or businessman chooses silence above all else. The report stated that it had taken the British an extraordinary amount of time to respond to Swiss tip-offs before ordering 19 banks to freeze funds linked to former Nigerian ruler, Sanni Abacha [BBC News, October 10, 2001]. A Harvard-educated Colombian economist, Franklin Jurado, used the services of accountants to launder $36 million in profits, from US cocaine sales for the late Colombian drug lord Jose Santacruz-Londono, by wiring it out of Panama, through the offices of Merrill Lynch and other financial institutions, to Europe. In three years, he opened more than 100 accounts in 68 banks in nine countries: Austria, Denmark, the United Kingdom, France, Germany, Hungary, Italy, Luxembourg, and Monaco. Some of the accounts were opened in the names of Santacruzs mistresses and relatives, others under assumed European-sounding names. Keeping balances below $10,000 to avoid investigation, Jurado shifted the funds between the various accounts. He established European front companies with the eventual aim of transferring the clean money back to Colombia, to be invested in Santacruzs restaurants, construction companies, pharmacies and real estate holdings (UN, 1998) cited in Garnaut, J. (2006). According to the UN General Assembly, corrupt politicians, government officials and other criminal organizations increasingly sub-contract the task of money laundering to specialized professionals (such as accountants, lawyers and bankers) because the methods required to circumvent law enforcement officials are becoming ever more complex (see UN Special Session on the World Drug Problem 8-10 June, 1998). Professionals (such as Accountants, lawyers and bankers) are used not only to conceal the origin of the source of the proceeds, but to manage the subsequent investment into legitimate real estate and other assets. Money Laundering Introduction In anticipation of comparatively recently notion of money laundering were subjects that, although continuously reported and chattered about, were not studied to a great extent. it gives a quite out of the ordinary impression for the fact that well know crime stories such as the Medellin cartel to the notorious Al-Qaida network that have been taking place up to the September 11. Therefore, this can be arguable that beyond doubt it point out that organised crime has evolved a great deal fitting itself into a far-reaching socio-political changes, complex technological developments and diverse culture environments. According to Murilo Portugal, Deputy Managing Director of the IMF: Global financial stability hinges on collective action at the international level, but also on effective national systems. Robust anti-money laundering and combating the financing of terrorism regimes are an important pillar of the international regulatory and supervisory system and part and parcel of the current efforts to strengthen the global financial framework.. Therefore, due to the out of the ordinary of money laundering and the new developing complexity of the techniques used by launders it is hard to keep accurate information of this sort of crime. What is Money Laundering? Although the observable fact of money laundering has taken on increase attention, from every country in the world its notion is still a controversy in the criminological phraseology. In anticipation of the concept of money laundering phrase, which has almost been talked about and documented over for the past seven decades, it is extraordinary that this subject has been given fewer research studies, regardless of the fact that organised crime has been part of the society for such a long time. Money laundering has been defined as the cover up of unlawfully get your hands on assets or proceeds so the can be then made to appear as they have been acquired in a lawfully manner. On the other hand, money laundering can mean different thing to different countries and organisation as there are variations on the definition of money laundering, nevertheless, almost certainly accepted definition that fit within the framework and the global idea intended to provide a global definition of money laundering is the one outlined (UN Organised Crime Convention). Article 6 of the convention regards the following conduct as money laundering: (i) the conversion or transfer of property, knowing that such property is the proceeds of crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the predicate offence to evade the legal consequences of his or her action; (ii) The concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime; (iii) The acquisition, possession or use of property, knowing, at the time of receipt, that such property is the proceeds of crime. According to FATF, money laundering is defined as: . . . the processing of a enormous number of criminal acts to generate profit for individual or group that carries out the act with the intention to disguise their illegal origin in order to legitimize the ill gotten gains of crime. Any crime that generates significant profit extortion, drug trafficking, arms smuggling and some kind of white collar crime may create a need for money laundering (FATF). The process of money Laundering Alternatively money laundering operates in the same manner as a lawful business in terms of the financial operations. Therefore money launders in their set of business operations act upon the intention of introducing funds originated from criminal activities into the economy so that it appears legitimate. For this to be achieved funds or proceeds need to pass through a long way before it take on the appearance of a legal financial transaction. The procedures used in a money laundering process, theoretically, include three all-embracing stages known as placement, layering and integration. (I) Placement: This is the first stage in the money laundering process. It involves the introduction of the proceeds of criminal activity into the main stream financial system. This may involve the opening of bank account with genuine or fictitious names and the subsequent lodgement of funds in the account. This is the most vulnerable stage; (ii) Layering: This process involves the creation of a complex layer of financial transactions with the aim of evading the audit trail. The launderer may as well decide to purchase high valued commodities such as automobiles, jewellery, etc., and exporting to a different jurisdiction. Or better still, it may involve the purchase of shares of companies at the stock market; (iii) Integration: This stage involves the recycling of the laundered wealth to the direct benefit of the Launderer to appear as if it was derived from legitimate activity .It may involve the selling off of some valuable items which were purchased during the layering process. Causes of Money Laundering In a recent study ( cited on Ribeiro, 2002:Galvao, 2000); it is argued that money laundering causes bizarre changes, such as when the demand of money increases it also increases the risk and precariousness of the banking sector and financial systems. In addition, money laundering creates corruption, fraud, bribery, white collar crime and all other financial crimes. It is also worth contemplating whether some of the key drivers of money laundering in developing countries are due to the complexes of western regulations? According to Linell (1999), the western countries such as USA UK, approach the challenge against money laundering from a cost to benefit approach. For example the enforcement officers evaluate the cost of resources and compare it with the value of the crime in order for them to investigate; evidently this is an open door to launders to curse developing countries. Another report by Moore (2004), accuses Britain to be a safe Haven for money laundering. Moores reports fou nd fairly estimate that between  £25bn to  £40bn of dirty money is laundered in the UK each year from all over the world. This opens a question to whether globalization and technology, developed countries and professionals could be the main drivers of money laundering in developing countries (Killick, M. (2004). Globalisation and Technology To understand how increasing technology can have an adverse effect on money laundering, it is worth reflecting why the criminal considered technology as their shelter to hide their proceeds. Drawing attention to the revolutionary impact of technological advancement on organized crime, particularly money laundering as well as the concept of globalization, it is clear for one to argue that the combination of these two has deregulated the simply customs of state control over their own territory or location. There is no doubt even there is a lack of academically evidence to support this, globalization and technology has created more opportunities for criminality than it has for preventing them committing these crimes. for example, Tinker (1980), argues that globalisation has created profit generation organisations, such as the MNCs that work against the moral of local economy, particularly in developing countries. Money Laundering and the Professions in Developing Countries What is the relationship between the professionals such as the Accountants, Auditor and the Lawyers, and money laundering within the developing countries? Can their role be found been in a contradictory to be of capital accumulation ambition. According to Hoogvelt and Tinker, 1978 the money launders and the professional groups are seen as a protection of capitalism for the developed capitalist countries. For this reasons, capitalistic purpose of the Western economic powers, reflected within the formation of the multinational corporations (MNCs) as well as other overseas capitalists which produce offsprings of capitalist relations in developing countries, is arguable be the cause of contradictory placement between the corrupt ruling leaders and those you have influential powers in developing countries and the good governance, accountability and transparency-preaching Western capitalist world ( Bakre, 2005, 2006a). Wade, 1996 suggested that the alleged reason of bringing investments to developing countries is mainly based on the highly praised globalization. On the other hand, one can question whether globalisation benefits these developing countries. Hirst and Thompson, 1996, argue that this capital mobility is not in point of fact turning out a substantial shift of investment and employment from the developed countries to the developing countries. Therefore, the notion that these developed countries and globalisation would be of assistance to boast the economies of these developing countries. This seems to suggest that the MNCs and other foreign capitalists operating in foreign countries may not be relied upon to subordinate their own capitalistic interest to the interest of those countries where they operate, especially developing countries. However, the notion that the developed capitalist economies would help to jump start and boost the economies of developing countries through investments, which would eventually get rid of corruption and poverty, has been the acclaimed cornerstone of globalization ( Groom, 2001). Accountants and Auditors The external auditors, PriceWaterhouse, were in the dual position of acting as private consultants and tax advisors to the BCCI management to further their private interests, while the State was relying upon them to perform public interest functions by acting as an external monitor and independent quasi-regulator (Arnold and Sikka, 2001). For this reason, it can be argued that Britain and other western countries are still providing safe haven for money launderers and those who commit financial crimes (Moore, 2004). Another evidence is found in the document on BBC News website( ),it accuses Londons development to be clearly doing well as a result of its banking secrecy codes, which ignores the publics interest. Another example is the report by the African Business (online), which claim hundreds of billions of rand from white-collar crime have been laundered through South Africas financial system, but no convictions have yet been made (African Business, July 1, 2002). Deloitte Touchà © forensic services manager, Rupert Haw, says the global trend suggests that crime bosses earn their income in developing countries but invest it in more secure and sophisticated financial systems in developed countries (African Business, July 1, 2002) The Duty to Report Unlawful Conducts. It is obvious that for effective enforcements to tackle money laundering and fraud, the state should put in place a clear role of reporting duties for individuals and companies as well as professional boards involved in preventing. According to Masciandaro and Portolano (2003) Barret (1997), money laundering threatens the growth of the economy and the socioeconomic development of a country. Therefore, the development and robust economy can only achieved if both developing countries and developing countries put a balancing effort in combating money laundering, such as good governance and regulations that are not charlatan. From this perspective, the next following paragraphs will provides the evidence, which suggests that the developing countries and its ruling elites, public bodies, professional bodies and individuals as mentioned above are hypocrites in their role to prevent money laundering in developing countries. According to a report Hypocrisy of the developed countries and global bodies: evidences Money laundering is a global problem which significantly affects both developed and developing countries. This essay suggests that the problem should be tackled by both developed and developing countries, rather than shifting the burden on poor developing nations that have no resources to combat this global crime [Ekaette, 2002]. At the same time, readily available evidence indicates that some authorities in African countries steal government funds that are meant to serve the public and wire the money into some implicit accounts in banks in England, Switzerland, France, Germany, the USA, the Cayman Islands and Bahamas and [Agabi, 2002]. As in the case of the former Zaire (Congo) President Mabuto Seseko who was helped by the British government to win the elections in a fraudulent way. Furthermore, during is time in power it is claimed the western opportunely looked the other way and maintained their silence, while he was stealing the state money, laundering funds into overseas bank accounts (mainly Switzerland). With the continued protest from the several developing countries to those countries that function as haven for ransack funds from developing countries to assist in the recovery of the stolen funds in their banks, many of the countries, particularly the former colonial power, Britain, have refused to cooperate. While some others (such as Switzerland) have been promising to cooperate, sometimes these promises end up not being followed by these Countries. Secondly, from a developing countrys point of view, the Western countries uses criticisms of the developing countries as in the case of (Mabuto Seseko) as a means of benefiting from the issue of money laundering, while pretending to be implementing actions of the same anti-money laundering and anti-corruption preaching Western economic powers suggest hypocrisy. For example, while countries such as South Africa and Nigeria, and 28 other developing countries have so far given their support to the United Nations Convention Against Corruption, except France, all the other member countries of the so called Financial Action Task Force, FATF, that have been jointly threatening Africa countries economic sanctions, have not yet endorse the UN Conventions Against Corruption (see This Day, June 9, 2007). Moreover, it was during the 2002 meeting on the Global Organisation of Parliamentary against Corruption (GOPAC) that Australia, Canada and Italy  [1]  made pledges to set in motion machiner y to amend their banking laws to facilitate easy recovery of the developing countries looted funds in the banks in their countries [The Guardian, November 5, 2002]. Strangely enough, while countries such as USA, Britain, France, Germany, and Switzerland which serve as havens for looted funds from African countries expressed serious concern over the growing incidence of corruption especially in developing countries, such pledges were not made by any of these countries. For example in the case of , Raul Salinas de Gotari, brother of the former President of Mexico, Carlos Salinas de Gotari was able to transfer $90 million to $100 million between 1992 and 1994 by using a private banking relationship formed by Citibank New York in 1992 (see US General Accounting Office, 1999). The funds were transferred through Citibank Mexico and Citibank New York to private banking investment accounts in Citibank London and Citibank Switzerland. Yet, Britain and the United States are both powerful and leading member countries of the Financial Action Task Force (FATF) that claim to be fighting money laundering globally. Conclusion Nonetheless, it is clear from available evidence shown in this essay that money laundering is one of the major challenges faced by the developing countries and if it is not tackled In time it will became the main destructive force to the economic and social development of this countries as it affect economic growth, reduces productivity in the economys real sector by diverting resources and encouraging crime and corruption, and can distort the economys long-term economic development. This essay highlighted observable facts of Money Laundering and its origins, as well as the patterns and implications it has in the developing countries. it is crucial to make a note of the hypocrites approach the western countries take, however a accurately study is recommended to effectively identify whether this claims exist. The resources against money laundering should be strengthened to ensure that the professional and MNCs wont continue to abuse the financial systems. Final Global responses to the challenges of money laundering should be tighter than at present.