AML- KYC (anti-money Laundering- know your customer) - TD Canada Trust Assignment

AML- KYC (anti-money Laundering- know your customer) - TD Canada Trust Retail Banking - Assignment Example The improvement of the KYC/AML policies would enable the TD Bank to better understand its customers, the principals underlying customers who play the agent role and their financial dealings which can assist mutual fund to control its risks vigilantly, as well as understanding the beneficial owners in instances of entities that are non individual. In order to improve the TB Bank (KYC/AML) Know Your Customer and Anti-Money Laundering policy and procedure emphasizes should be directed on the general doctrines undertaken by the bank to establish an effective process of record keeping, reporting, internal control, and customer identification in an effort to check money laundering related operations, or financial terrorism. The criteria for customer acceptance policy in TD Bank should be tightened in the sense that accounts must not be opened in a factious or anonymous entry or name; customers should only be accepted after identity verification; the customers must as a matter of caution, be classified in different risk categories, with each having a criteria of acceptance; new customers identity must be scrutinized to ensure that it does not have any criminal record or banned entries. However the implementation of customer acceptance policy should not be so stringent such that it obstructs banking services to the public in general, and those who are socially or financially underprivileged in particular. The TD Bank in an effort to improve its KYC/AML policies must adhere strictly to the rules of customer identification procedure. This should involve identification and verification of customers’ identity through independent and reliable source documents, information or data. To improve this policy, the bank must be satisfied that the potential customer is actually who he claims to be. In addition, TD bank must ensure that enough information is obtained on the purpose, identity, and

Don't Ask, Don't Tell, Against Gays Serving Openly in the Military Essay

Don't Ask, Don't Tell, Against Gays Serving Openly in the Military - Essay Example I think that gays should be allowed in military on the basis of certain reasons which are threat of spreading immorality, it’s being considered as an illness and violation of rule, â€Å"Don’t Ask, Don’t Tell†. Homosexuality is considered immoral due to which, gays should not be allowed to join military. According to General Peter Pace, homosexuality is an immoral act and the people who are homosexual should not be allowed to serve the military of the country, as they will spread immorality (Msnbc.com 2007). The military regards homosexuals as demoralizing agents that can have a negative impact on other military men that are heterosexual. Due to the demoralizing of the armed troops, the troops will be affected negatively due to which, their performance in wars will be influenced to a great extent and this influence will be disadvantageous for the country (Shawver, 1994). Biblically, homosexuality is considered immoral and a sign of corruption due to which, homosexuals should not be allowed in the military. The military life is hard and people have to keep themselves in order and disciplined. The military people are prepared to fight for the country and they should not have any immoral atti tude towards life. Homosexuality is considered an illness due to which, gays should be restricted to join army. US Department of Defense categorizes homosexuality as a â€Å"mental disorder† (Bernard, 2006). Homosexuality was previously considered a mental illness as it was enlisted in the mental illnesses list. Afterwards, it was removed from the list but then, the homosexuals were asked to do not expose themselves publically or they would be expelled from their jobs (Shawver, 1994). When a check is made on the exposition of homosexual orientation in terms of joining army, then it is quite clear that still, homosexuality is regarded as an