![]() Credit cardsĬredit card frauds begin with either a theft of the physical card or the compromise of data associated with the account. Unethical Practices in Financial Services 1. Unethical Practices in Financial Services Consistent application of positive ethical behaviour across the industry.Looking beyond the question of what is legal.Prioritizing good ethics over the instructions of clients wherever the two conflict.Commitment to and delivery of technical excellence.Portraying behaviour that is marked by integrity, fair dealing and acting in the best interests of the clients.Not pursuing profit at the expense of ethics and reputation.The fundamental principles that the financial services industry should instil include the following: Frequent economic meltdowns which could not be explained by theories of business cycle alone portray the importance of ethics in finance. Ethics in finance is often overlooked because ethical issues in finance are often addressed as matters of law. ![]() Ethics in finance requires knowing how to focus on monetary value as well as on values in respective actions.
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