Definition of Money LaunderingThe operation of the banking industry needs to be done with the help of the regulation related to anti-money laundering where the banks are functional within the countries. This is due to the challenges that are being faced by them from the customers, FATF, governments and supervisors for identification of the risks and managing it in a proper manner. This has to be done so that the penalties for financial reputat...
Corporate Legal Issues facing Crown Resorts LtdThe directors of the organization have certain responsibilities that help them in acting in the best interest for the company. Section 180 (1) of the Corportaion Act (Cth) says that the directors along with the officers of a particular company has to organize diligence and care with respect to the operations that are being carried out within the organization. The diligence and care can be evaluate...
About Westpac Banking CorporationWestpac Banking Corporation or Westpac is an Australian bank and a financial service provider. It has its headquarter in Westpac Place, Sydney. This bank is ranked second amongst the big four banks of Australia. According to report of 2015 Westpac is having 13.1 million customers along with being the Australia’s largest branch network having about 1429 branches and 3950 ATM’s all across Australia. The...
Stakeholder analysisThe report is prepared to discuss the various aspects of ethical concerns related to the different types of situations within the organization Bank of America in UK. The company happens to be inclined properly with the values and ethics of the organization and so it has maintained a good culture and ensured successful business functioning as well. To demonstrate the ethical concerns, the topic will illustrate the environmen...
Identification of Organisation and its CSR and Sustainability PoliciesThe aim of this paper is to discuss the operation of one of the largest banks of Australia named Commonwealth Bank of Australia and its CSR policies. This paper will be analysing Identification of Organisation, their CSR and sustainability policies. This will analyse the CSR policies in depth and find out very aspects of its utility. This paper will also point out the facili...
Factors Affecting NAB's Operations in France or KoreaThis report has the objective to present a possibility for National Australian Bank (NAB) to expanding a business into either France or Korea. This is known as one of the biggest banks in Australia in terms of earnings, capitalization of the market, and customers. This has ranked 21st in terms of capitalization of the market around the globe. This is running operations in Australia, New...
DiscriminationPurpose At Westpac Banking Corporation we value human input and that’s why we endeavor to treat all persons with respect and equality. We are dedicated to maintaining a healthy and diverse working environment. Scope This policy applies to everyone dealing with us. It includes but is not limited to employees, suppliers, investors, partners, and customers. What is discrimination? Discrimination is the unfair treatm...
Examining determinants of cross buying behaviour in retail bankingOzuem, Howell & Lancaster (2016) are of the viewpoint that dynamicity of the contemporary business world had caused a significant amount of change within the buying behavior of the customers and also the kind of products or services that they opt for. Different organizations are resorting to the usage of different kinds of strategies so as to influence the buying behavior of...
Commonwealth Bank's Key StakeholdersAuditing can be considered as an important process of the companies as it helps in showing that whether the financial statements of the companies are free from material misstatements or not (Louwers et al., 2015). Auditing can be defined as the set of activities for on-site verification like the inspection and examination that the auditors conduct. It needs to be mentioned that there are certain objectives o...
Capital Structure AnalysisThe report presented here deals with the financial analysis of ANZ Bank. The ANZ Bank is one of the top most banks operating in Australia and New Zealand. The report presents an analysis of the capital structure and cost of capital of the bank. Further, the report also puts light on the financial performance of the bank. The capital structure of a firm shows the composition of its capital funds. A firm may arrange ...
Case Study: Commonwealth Bank of AustraliaAs argued by Trevino and Nelson (2016), the nature of the contemporary business world has undergone a substantial amount of transformation and the business enterprises are often in a dilemma whether they should focus on the attribute on the quality or quantity. Crane and Matten (2016) are of the viewpoint that the extensive focus on the attribute of profitability often makes the organizations...
Introduction to Corporate GovernanceThis report aims is to discuss the corporate governance of The Commonwealth Bank of Australia. Corporate governance is the set of rules, process and regulations that are formulated to govern a corporation. The Royal Commission conducted an enquiry in that Commonwealth Bank scandals had been reported. The Royal Commission has been appointed by the crown on the recommendation of the government. The Australia S...
Alterations to a Company's Constitution under Section 136A.Constitution of a company: its alternation, procedure for alternation and limitations: The Corporation Act 2001 (CA) lays down the provisions for the inclusion of a constitution for every company. It also lays down the provisions for making additions and alternations to such constitution as well. The constitution of a company is the instrument that holds the members together, along wi...
Introduction to code of conductA Code of conduct defines the expectations of the organizations and also the guiding principle in context of the appropriate behaviour at the workplace. Code of conducts illustrates the policies and regulations framed by the organization, as these policies and regulations defined the legal and ethical guidelines in context of governing the relationship between the employees, service users and clients (Erwin, 20...
Overview of Westpac Banking GroupWestpac is as an Australian Bank which is engaged in the business of providing financials and banking services to its customers. It is known to be one of the Australia’s big four bank and its headquarter is situated in the Westpac, Sydney. The name of the bank is the amalgamation of two major names which are “Western” and “Pacific”. As of March 2018, the number of the employee...
Question 1The increasing emphasis placed by the businesses to promote transparency and accountability in their operational activities has caused them to develop and publish the information related to their Corporate Social Responsibility (CSR) practices. CSR practices can be regarded as the measures implemented by a company for being responsible towards society and environment. This is essential for providing an insight into the initiatives th...
Corporate Governance of Commonwealth Bank of Australia This report will focus on the corporate governance of the Commonwealth Bank of Australia. The Commonwealth Bank has stated their corporate governance in their annual report where they had mentioned that they have complied with all the principles and recommendation of ASX. Recently an inquiry conducted by the Royal Commission where several banks governance has been found to be in question and...
Meaning of Corporate Governance and its ImportanceThe need of corporate governance has risen because of developing concern regarding non-compliance of financial reporting standards and duties by BOD and management of the company. The corporate governance is considered as an essential factor. The corporate governance is the process of the polices the company itself. It is a process of regulating the corporation like an independent state, establ...
Defining Occupation and JobHuman resources at the time of job interview often asks question such as “how would you define an ideal person for the job”, by asking such question human resources aim to understand the perception and understanding of the ideal worker from the candidate (Acker, 2006). This further helps the human resources to identify if the person will be the ideal worker for the particular job or not, it basically help...
Overview of Indian Banking IndustryThe banking industry of India in current scenario is highly developed, however, in terms of products and services as well as sizes; it is still way down from achieving world standards. Banking sector is well regulated and sufficiently capitalized according to Reserve bank of India. It is suggested by liquidity risk and credit market that global downturn has been withstood by Indian banks. There is a consisten...
Business ProcessDiscuss About The Journal Of Enterprise Information Management. Strategic information system is helped to develop in response to corporate business initiative. They are planned to provide competitive benefits to the organization. There is a salient feature in the strategic information system in the world of information technology. Enterprise resource planning is the system that facilitates business to attain the efficien...
Organizational backgroundDiscuss About The Global Information Technology Environment. Information system helps in maintain various types of organization goals and objectives by providing excellent services to the customers in the market. This type of services and strategies s known as strategic information system (Haux et al. 2013). Various advantages are included with the use of the strategic information systems including the competiti...
Defining Business ProcessesDiscuss About The Factors Affecting Performance Of Enterprise. Strategic information systems or SIS are the information systems, which are subsequently developed with the sole purpose of executing business objectives. There can be several important business initiatives within any particular organization or business (Galliers and Leidner 2014). Each and every business initiative is needed to be c...
Company Discuss About The Something Big Is Happening In Australia Bank. Marketing management is referred to a process in which management formulate plans and strategies in order to perform various functions regarding products, services, sales, promotion and advertisement to ensure that they reach their targeted market (Pride, Ferrell, Lukas, Schembri & Niininen, 2018). This report will focus on conducting a marketing audit for ANZ Bank. Thi...
Background of the organizationDiscuss about the organisation is ANZ group. Strategic management is crucial in the large organization for a better outcome of the performance. There are several constraints upon which these strategies are made and measured. Various internal and external analyses are involved to make a perfect set of functionaries for a company (Nurcholis and Satria, 2017). ANZ group is regarded as one of the best banks in ...