Ethics In Finance(Banking)
...- HOW TO CONTROL MISBEHAVIOUR IN BANKING
(Business Ethics)
Summer term 2005
Lecturer: Prof. Dr. Peter Mayer
Student: Klaudia Suková
300660
Date: 20. 05. 2005
Table of Content
1 Introduction 3
2 General principles of banks 4
Banking secrecy 6
1. The Identity of the Client is Always Known to the Bank 6
2. Preserving Documents 7
3. Protection of Personal Data 7
Code of conduct 8
3 Money Laundering 8
Money laundering - Interpol's definition 8
Actions to combat money laundering 10
Anti money laundering (Citigroup) 11
The Citigroup Anti-Money Laundering Program 12
4 Fraud 12
Definition of Fraud 12
Credit Card Fraud 13
TYPES OF POSSIBLE CREDIT CARD FRAUD 13
Preventing Card Fraud 18
PHISHING 18
How to recognize potential phishing scams? 19
Basic email advice 19
1 Introduction
Ethics is the integrity measure, which evaluates the values, norms and rules that constitute the base for individual and social relationships, from a moral perspective.
Ethics in business means trying to be a good corporate citizen; trying as an
organisation to adhere to certain ethical values; and trying to do the right thing by all the various stakeholders customers, employees, suppliers and shareholders that any business organisation has. It means "choosing the good over the bad, the right over the wrong, the fair over the unfair".
Since banks, in a modern day society, almost everywhere play an important role which includes unifying and intermediary roles between the fund-supplying and fund-demanding sides of the society, executing savings and investment functions, are obliged to obey certain ethical principles of the banking profession and organizational ethics.
What is called ethics in banking?
Ethical values such as honesty, integrity, fairness, responsible citizenship and accountability?
Is there any bank that would...
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