Provide me with literature review essay based on Banking Law and Fraud.

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JUST PROVIDE ME WITH ESSAY LITERATURE REVIEW from this

Westpac accuses Forum and Papas of 100 frauds By Sarah Danckert July 22, 20212.33pm Westpac alleges colourful soccer identity Bill Papas and his company Forum Finance orchestrated more than 100 allegedly fraudulent transactions that siphoned off over $340 million from the bank during a near three-year period. The details of the extent of Mr Papas's fraud were detailed in a statement of claim filed by the bank this week against Mr Papas, his business partner Vincenzo Tesoriero, Forum Finance and its related companies that was obtained by The Age and The Sydney Morning Herald. The 292-page document details Westpac's allegations against Mr Papas and his companies. The bank alleges that from September 2019 until June 2021 the Forum obtained by The Age and The Sydney Morning Herald. The 292-page document details Westpac's allegations against Mr Papas and his companies. The bank alleges that from September 2019 until June 2021 the Forum entities received $341 million through more than 100 transactions. Sydney-based Forum Finance allegedly used false invoices and forged signatures to obtain Westpac loans without the consent of at least seven of the major bank's corporate clients. Westpac has pursued legal action to have the company liquidated in the hope of recouping losses. This masthead last week revealed that at least $40 million was spent by the Forum directors in Australia on buying luxury property in Melbourne and NSW's Central Coast, as well as on a portfolio of petrol stations in small Victorian towns. Meanwhile, a part of Forum Finance's business has been sold to local business Our Kloud. The Federal Court has heard that Our Kloud is operated by a relative of Mr Papas and provided data services to Forum Finance and its entities. That relative has not been accused of having any involvement in the alleged Forum Finance fraud. The Age and Herald have also revealed this week that Westpac believes Mr Papas has vast business interests offshore in Germany, Greece Singapore and New Zealand and owns property in Greece - including two large apartments overlooking the Aegean Sea - and a race car worth $630,000. Westpac also believes Mr Papas purchased boats and jewellery using its money. Millions more were put into Mr Papas' Greek soccer team Xanthi FC. Westpac alleges in its statement of claim that Mr Papas or an associate under his direction created fake documents to secure finance in the names of Westpac's clients - Scentre, Coles, WesTrac, Veolia, HWL Ebsworth, Catholic Healthcare and Australian Leisure and Hospitality Group. Westpac said in its claim that each of the 100 transactions were "not genuine" and based on a fiction. Mr Papas or an associate under his direction created fake documents to secure finance in the names of Westpac's clients - Scentre, Coles, WesTrac, Veolia, HWL Ebsworth, Catholic Healthcare and Australian Leisure and Hospitality Group. Westpac said in its claim that each of the 100 transactions were "not genuine" and based on a fiction. The transaction documents had not been executed by and were not binding... but rather forged by Mr Papas or at Mr Papas' direction," Westpac alleges. "There was fraud, dishonesty, misrepresentation and negligence on the part of Forum Finance as the transaction... documents were false and fraudulent." Forum, Mr Papas and Mr Tesoriero are subject to freezing orders. Neither the corporate entities, Mr Papas or Mr Tesoriero have had time to file a defence to the claim by Westpac that was filed this week. W I EELHIS UI GEIDS. INEIHEI HIE LOI POI ALE entities, Mr Papas or Mr Tesoriero have had time to file a defence to the claim by Westpac that was filed this week. At a hearing on Thursday, Justice Michael Lee expressed frustration at the quality of the material provided to the court by Mr Papas in response to freezing orders that direct the soccer figure to detail his assets and liabilities. "It really is reaching the stage of being entirely unsatisfactory," Justice Lee said. Mr Papas has repeatedly pledged to return to Australia. The court heard he had since left the mandatory two-day quarantine period in Greece after returning a positive test for coronavirus. The court heard Mr Papas had tried to assuage the court's concerns about whether he would return to face the allegations by attaching his flight itinerary for his aborted trip to Australia on July 10. But Westpac's lawyer Jeremy Giles, SC, told the court the itinerary was a screen shot of a website of Mr Papas' phone and did not include usual elements of a flight itinerary such as the time of the flight and the class. Kesearch AIms \& Ubjectives The news article highlighted the failures of different stakeholders including Bill Papas and his company Forum Finance, the Central Bank and Westpac Banking Corporation. This assignment aims to improve students' understanding of the roles of different stakeholders in financial institutions. It will expose students to the environment of research and challenge the group to review the supervision of financial institutions to not only fully understand the question but to get the team to conduct a self-appraisal on their strengths and weaknesses and allocate work to each member of the group. The learning outcomes to be covered in this assignment will be Program Outcomes 1 to 4 . Required: Your group will critically evaluate the failures includin the breach of the legislation, regulations and policies and procedures that allowed the fraudulent activities to happen. Identify the relevant stakeholders that failed their responsibility and recommend improvements. Refer to the Central Bank in your relevant countries when discussing the recommendations. Method of research You are required to conduct a critical analysis of the failures that had happened. Use at least 5 journal articles and 2 case law to support Identify the relevant stakenolders that fauled their responsibility and recommend improvements. Refer to the Central Bank in your relevant countries when discussing the recommendations. Method of research You are required to conduct a critical analysis of the failures that had happened. Use at least 5 journal articles and 2 case law to support your views. Contents of the Report Your findings must be reported in a manner consistent with a report showing the following: - Introduction - Literature Review - Methodology - Analysis and Findings - Conclusion and Recommendation Word length The assignment should have at least 3,0005,000 words. The word length of the report includes headings but doe not include the reference list at the end or appendices. Please keep appendices to a minimum. Write your reports in a professional manner with subheadings and clearly defined sections. Be succinct and clear. Reports must be word-processed, not hand written, word size 12 with 'Times new roman' font type and 1.5 line -spacing. Please list any references you use at the end of your assignment in alphabetical order, using the referencing style seen in academic articles (i.e. with in-text references and bibliography, as in the APA or Harvard referencing style). Westpac accuses Forum and Papas of 100 frauds By Sarah Danckert July 22, 20212.33pm Westpac alleges colourful soccer identity Bill Papas and his company Forum Finance orchestrated more than 100 allegedly fraudulent transactions that siphoned off over $340 million from the bank during a near three-year period. The details of the extent of Mr Papas's fraud were detailed in a statement of claim filed by the bank this week against Mr Papas, his business partner Vincenzo Tesoriero, Forum Finance and its related companies that was obtained by The Age and The Sydney Morning Herald. The 292-page document details Westpac's allegations against Mr Papas and his companies. The bank alleges that from September 2019 until June 2021 the Forum obtained by The Age and The Sydney Morning Herald. The 292-page document details Westpac's allegations against Mr Papas and his companies. The bank alleges that from September 2019 until June 2021 the Forum entities received $341 million through more than 100 transactions. Sydney-based Forum Finance allegedly used false invoices and forged signatures to obtain Westpac loans without the consent of at least seven of the major bank's corporate clients. Westpac has pursued legal action to have the company liquidated in the hope of recouping losses. This masthead last week revealed that at least $40 million was spent by the Forum directors in Australia on buying luxury property in Melbourne and NSW's Central Coast, as well as on a portfolio of petrol stations in small Victorian towns. Meanwhile, a part of Forum Finance's business has been sold to local business Our Kloud. The Federal Court has heard that Our Kloud is operated by a relative of Mr Papas and provided data services to Forum Finance and its entities. That relative has not been accused of having any involvement in the alleged Forum Finance fraud. The Age and Herald have also revealed this week that Westpac believes Mr Papas has vast business interests offshore in Germany, Greece Singapore and New Zealand and owns property in Greece - including two large apartments overlooking the Aegean Sea - and a race car worth $630,000. Westpac also believes Mr Papas purchased boats and jewellery using its money. Millions more were put into Mr Papas' Greek soccer team Xanthi FC. Westpac alleges in its statement of claim that Mr Papas or an associate under his direction created fake documents to secure finance in the names of Westpac's clients - Scentre, Coles, WesTrac, Veolia, HWL Ebsworth, Catholic Healthcare and Australian Leisure and Hospitality Group. Westpac said in its claim that each of the 100 transactions were "not genuine" and based on a fiction. Mr Papas or an associate under his direction created fake documents to secure finance in the names of Westpac's clients - Scentre, Coles, WesTrac, Veolia, HWL Ebsworth, Catholic Healthcare and Australian Leisure and Hospitality Group. Westpac said in its claim that each of the 100 transactions were "not genuine" and based on a fiction. The transaction documents had not been executed by and were not binding... but rather forged by Mr Papas or at Mr Papas' direction," Westpac alleges. "There was fraud, dishonesty, misrepresentation and negligence on the part of Forum Finance as the transaction... documents were false and fraudulent." Forum, Mr Papas and Mr Tesoriero are subject to freezing orders. Neither the corporate entities, Mr Papas or Mr Tesoriero have had time to file a defence to the claim by Westpac that was filed this week. W I EELHIS UI GEIDS. INEIHEI HIE LOI POI ALE entities, Mr Papas or Mr Tesoriero have had time to file a defence to the claim by Westpac that was filed this week. At a hearing on Thursday, Justice Michael Lee expressed frustration at the quality of the material provided to the court by Mr Papas in response to freezing orders that direct the soccer figure to detail his assets and liabilities. "It really is reaching the stage of being entirely unsatisfactory," Justice Lee said. Mr Papas has repeatedly pledged to return to Australia. The court heard he had since left the mandatory two-day quarantine period in Greece after returning a positive test for coronavirus. The court heard Mr Papas had tried to assuage the court's concerns about whether he would return to face the allegations by attaching his flight itinerary for his aborted trip to Australia on July 10. But Westpac's lawyer Jeremy Giles, SC, told the court the itinerary was a screen shot of a website of Mr Papas' phone and did not include usual elements of a flight itinerary such as the time of the flight and the class. Kesearch AIms \& Ubjectives The news article highlighted the failures of different stakeholders including Bill Papas and his company Forum Finance, the Central Bank and Westpac Banking Corporation. This assignment aims to improve students' understanding of the roles of different stakeholders in financial institutions. It will expose students to the environment of research and challenge the group to review the supervision of financial institutions to not only fully understand the question but to get the team to conduct a self-appraisal on their strengths and weaknesses and allocate work to each member of the group. The learning outcomes to be covered in this assignment will be Program Outcomes 1 to 4 . Required: Your group will critically evaluate the failures includin the breach of the legislation, regulations and policies and procedures that allowed the fraudulent activities to happen. Identify the relevant stakeholders that failed their responsibility and recommend improvements. Refer to the Central Bank in your relevant countries when discussing the recommendations. Method of research You are required to conduct a critical analysis of the failures that had happened. Use at least 5 journal articles and 2 case law to support Identify the relevant stakenolders that fauled their responsibility and recommend improvements. Refer to the Central Bank in your relevant countries when discussing the recommendations. Method of research You are required to conduct a critical analysis of the failures that had happened. Use at least 5 journal articles and 2 case law to support your views. Contents of the Report Your findings must be reported in a manner consistent with a report showing the following: - Introduction - Literature Review - Methodology - Analysis and Findings - Conclusion and Recommendation Word length The assignment should have at least 3,0005,000 words. The word length of the report includes headings but doe not include the reference list at the end or appendices. Please keep appendices to a minimum. Write your reports in a professional manner with subheadings and clearly defined sections. Be succinct and clear. Reports must be word-processed, not hand written, word size 12 with 'Times new roman' font type and 1.5 line -spacing. Please list any references you use at the end of your assignment in alphabetical order, using the referencing style seen in academic articles (i.e. with in-text references and bibliography, as in the APA or Harvard referencing style)