When a corporation does not practice the “know your customer“  policy, they not only risk being taken advantage of or losing money, the risk being investigated by the Federal Bureau of Investigation.  Knowing one’s customer is just knowing all that one can know about those whom one is considering doing business with, or those with whom they are currently in business.  Not only does following the investigative procedures thoroughly and practicing them consistently and competently, ensures not only that they are doing as much as they possible can with regards to protecting their company assets, but it likewise ensures that should an investigation arise, they will be found innocent if they can prove that they followed those guidelines.

The FBI has focused for many years, their efforts on detecting, investigating and prosecuting cases of money laundering, schemes involving accounting and doctoring the books, bribery, and any other case wherein a corporation has obstructed justice.  Most cases of fraud against corporations are those involving fraud that is designed to deceive auditors, analysts and investors.  This form of corruption involves falsifying the true condition of the financial status of the company.

Manipulation of this data is one of the most common forms of white collar crime.  This affects not only the customers of a company those other companies in which they are partners, but it affects the shareholders as well.  They are buying and selling stocks based on false information that is being provided to them.  They are investing in something that is not real.  When a company has been convicted of fraud and scandal, not only are those involved the victims, but so too are all those in the rest of the country, those who may not even know that that company existed in the first place.  For these types of crimes affect the United States economy on the whole.  And may further serve to destroy the confidence of future investors, in any other United States company.

The Varied Reasons to “Know Your Customer” is a post from: PRSky

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Each and every lawyer should act within the bounds of ethics, not just in the workplace, but in all aspects of life.  Each Orange County lawyer knows this, each Maricopa County lawyer knows this, lawyers across the country know this.  What does this mean essentially?   Well, those practicing law today must find a balance between the time they spend in the office and the amount of time they spend at home or participating in activities that decrease the stress levels. 

One lawyer, when questioned, stated that at one time she worked more than eighty hours a week, sometimes working for two or three days at a time with either very little sleep, or no sleep at all.  The result was elevated stress levels which resulted in physical consequences.  This personal balance must also take into account the responsibility each lawyer also has to the courts and to their clients.  There are many regulations and rules, some written, some unwritten. 

All of this must be taken into account with their overall goal of ensuring that justice is served.  A combination of the commitment to professional and ethical conduct and their commitment to the whole of society are aspects that lawyers take under consideration each and every day.  Ethics is a philosophical study that evaluates and studies the conduct of human beings and the moral aspects of society and individuals.  Actions have consequences, there are certain obligations that humans have towards one another, and the study of virtue deals with what it means to just simply be a good person. 

Lawyers are bound legally to abide by all three principles of ethics.  As in with all rules, conflicts of interest sometimes arise, as in that when a lawyer is working with a client, they must remain loyal to that client in a professional manner, regardless of what the interest of society is demanding.  And as such, a lawyer’s own personal beliefs or interests must not be imposed nor interfere with the needs of their clients.  Sometimes this may create conflict within the lawyer themselves, but they are legally responsible for ensuring that fair and unbiased justice is served.

The Practice of Ethics and the Practice of Law is a post from: PRSky

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