HSBC Money Laundering and Government Regulation Chapter 11 Media Quiz (100% Correct answers)

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HSBC Money Laundering and Government Regulation Chapter 11 Media Quiz. Under pressure from U.S. regulators, HSBC Bank admitted that it was guilty of this category of ethics violations: a.discr... imination b.fraud and financial misconduct c.insider trading d.bribery In Western society, the stakeholder group responsible for policing HSBC Bank's unethical activities is: a.executives b.special-interest groups c.government d.consumers Which of the following activities in the clip is related to the government's regulatory role in reining in ethics violations? a.international banking sanctions on rogue nations b.department of Justice investigative report on HSBC Bank c.threat of criminal prosecution of executives d.all of these Which of the following ethics failures at HSBC is most likely an illegal activity regulated by governments? a. HSBC cut the number of internal watchdogs to save money. b. HSBC ranked Mexico in its "lowest risk" category for money laundering. c. HSBC instructed the Iranian bank on how to conceal millions of dollars in transactions. d. HSBC failed to identify suspicious activity. In the U.S., the following agency would be responsible to investigate HSBC's money laundering and accounting cover-ups: a.Federal Copyright Office b.Federal Drug Administration c.Securities and Exchange Commission d.Equal Employment Opportunity Commission In this clip, the U.S. government expects HSBC to comply with its regulatory oversight. What mechanism does the government have for ensuring compliance? a.military power b.prosecutorial power c.boycott power d.none of these While the government's steep fine and ongoing oversight of HSBC may prevent future fraud and financial misconduct, it may also produce the following unintended consequence: a. HSBC will have to comply with federal law. b. HSBC will lack the funds to invest in business growth. c. HSBC will have to be more transparent. d. HSBC executives will be more accountable. This clip expresses a concern that companies that break the law may not have to face: a.fines. b.the criminal prosecution of managers. c.new regulatory burdens. d.firings. This clip raises the following ongoing debate about business ethics: a.Does a lack of strict regulation mean that executives can get away with ethical misconduct? b.Should government play a role in combating ethics violations? c.Do the benefits of regulation outweigh the costs? d.all of these Why would prosecuting individual bank officials at HSBC be highly controversial? a.Money laundering isn't a serious ethical violation. b.Nothing unethical occurred at HSBC. c.No bank official was found guilty of a crime. d.all of these [Show More]

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