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Money laundering is referred as to make to proceeds of the crime appear respectable. The whole world is now taking serious actions against money laundering.
In United Kingdom, the parliament has passed money laundering act. This act has been influenced on different parliament acts. These are:
Drugs Trafficking offences Act 1986
Criminal Justice Act 1993
Terrorism Act 2000
Anti Terrorism Crime Security Act 2001
Proceeds of Crime Act 2002
Money laundering is based on different crimes. It is just the end form of different crimes. Some criminal offences are mentioned below which are included in Proceeds of crime Act:
Laundering: Acquisition, possession or use of the proceeds of crime
Failure to report: If somebody fails to disclose knowledge or suspicion of money laundering then he will be liable for crime.
Tipping off: Somebody who disclose information to any person who is involved in some crime then he is also liable and contributor in crime.
For example a bank manager who see any illegal transaction then he should declare this information to money laundering reporting officer, before the transaction took place or right after the transaction. Otherwise he will be investigated and failure to disclose will lead him to crime.
There are three major phases in money laundering which are mentioned below:
Change the initial disposal of the illegal activity into legal business activity.
It means to put different layers to hide the original proceedings.
After placement and putting different layers, the money has the appearance of legal funds.
Accountants can play a vital role in reducing the chances of money laundering. They have to be very careful while preparing accounts of company because accountants are liable to disclose any illegal activity inside the company. Now accountants have to be followed many regulations which are set by IASB. It is mentioned in these regulations that accountants will be asked of any suspected transaction.
If somebody has been involved in the above offences then he may have to face serious penalties. The British Law sets out the following penalties in relation to money laundering:
1. Person who is directly related to money laundering can be penalized 14 years imprisonment and/or fine.
2. A person who is responsible for failure to report information may be given 5 years imprisonment.
3. 5 years imprisonment is given for tipping off a suspected launderer; it means suspected launderer must not be alerted.
In todays crumbling, commercial real estate market, both borrowers and lenders find themselves in quite a precarious predicament. Borrowers struggle to make their commercial mortgage payments, while lenders are crippled by the increasing number of defaults on commercial property. Right now the best solution to this problem is commercial mortgage modification.
Commercial mortgage modification is the process of renegotiating the terms of a commercial loan. This is done typically by reducing the interest rate or monthly payment on the loan. Other benefits to the borrower may include an extension of the loan term, a forbearance or moratorium on payments, and of course an alternative to foreclosure.
A commercial mortgage modification is about risk to the lender. A lender will only consider a modification if a borrower is in default or at risk of defaulting. The most important thing the lender will look at in determining whether or not to modify a commercial note is cash flow. One very important calculation used in determining cash flow is called the DCR or Debt Coverage Ratio. This ratio is used by the underwriters to determine if a modification can be approved. If a property is breaking even, meaning the income generated is equal to the operating expenses, the DCR would be equal to 1. If commercial property has a positive cash flow, meaning the income the property generates is more than sufficient to cover the mortgage payment and all of the operating expenses, the DCR is greater than 1. If the property is losing money, the DCR would be less than 1. A lender will most likely not modify the commercial note, if the property already has a DCR greater than 1. Commercial lenders writing new commercial loans will most likely require a DCR of 1.25 or greater.
The most common form of payment reduction seen in a commercial mortgage modification is when the lender converts a principal and interest payment to an interest only payment. A lender may consider this form of commercial loan modification to help the borrower improve their cash flow. By only paying the interest on the loan, as opposed to principal and interest, the payment becomes more affordable for the borrower.
However, in extreme circumstances, reducing the mortgage payment to interest only is just not enough for a commercial property owner. If a lender sees that the borrower will still have negative cash flow even after reducing the payment to interest only, they may consider a reduction in the interest rate. Although the interest rate reduction may be temporary, it will help the borrower free up capital and maintain the mortgage payment on time. Although uncommon, lenders have lowered interest rates to as low as 1% even, to avoid an even more costly foreclosure.
Blogs have revolutionized the way that people do business. It seems that all the big companies are making use of blogs to promote themselves and market their products. However, corporate blogs aren’t just for big companies. Blogs can also be utilized by small businesses with great effect.
Setting up a small business blog is easy and has many benefits. They are powerful promotional tools and a great way to communicate with clients.
Here are some tips on using a small business blog:
1. Write Naturally and Honestly
Small business blogs can be more personal than large corporate blogs. It’s best to write in way that feels natural to you. Avoid writing needlessly complex posts filled with technical jargon. Doing so will endear customers and promote conversation, which is what a blog is for, after all.
As with any blog, you must always tell the truth. Blogs should address all issues, be it good or bad. This will ultimately beneficial as it helps builds trust the customers.
2. Post often and Respond to Comments
Remember to post frequently. Provide readers with plenty of content, so that they will keep coming back to your blog.
Comments are a vital part of blogs, providing useful feedback. Respond to reader comments often to build strong ties between them and your company.
3. Promote your business, Promote yourself
A small business blog is an innovative way to promote a business.
A good technique is to document your projects. This is good way to show how capable you are at your profession and to garner trust. This is especially important with small business, where reputations can make a big difference.
Blogs allow for unparalleled interaction with customers. Use this to get closer to clients, and to build bonds of trust. The information gained from readers is invaluable for improving your small business.
4. Be Informed and Informative
Read plenty of other blogs to gain useful information. Post comments and promote your own blog. Be an active part of the blogosphere.
Post links of related information on your blog, and use technology like RSS/Atom feeds to constantly provide your blog with interesting content. This is a great way to promote your business and be informed of everything concerning you industry. Besides informing your readers, it can lead to interaction and possible collaborations with other businesses, all of which will benefit a small business.
5. Search Engines
For those who wish to achieve higher search engine rankings, a blog can be an invaluable asset. The constant updating combined with the right keywords can raise search engine results dramatically.
The great strides made in the development of the Internet in the recent past has enabled information to be transmitted thousands of miles away with such ease and clarity that time and space are hardly of any consequence to the Internet Marketer today.
Marketing Programs have literally taken over the Internet and riding high, is Affiliate Marketing.
According to the Computer Industry Almanac “The world-wide Internet population for 2004 was 934 million and the projection for 2006 is 1.21 billion.”
Sean Michael Kerner in an article in Click Z News quoting a spokesman for eBay states “According to eBay their largest affiliate earned over $1.3 million dollars in January commission, the largest amount yet in their affiliate program’s history. Their top 25 affiliates averaged over $100,000 per month each and the top 100 affiliates earn almost $25,000 each per month.”
With this sort of statistics around, is it any surprise that thousands of entrepreneurs especially those Home Based Business entrepreneurs with very small marketing budgets are jumping on to the Affiliate Marketing band-wagon!
Given below are some of the Popular reasons for this desire and urge to do Affiliate Marketing:
1. Cost Factor: Most Entrepreneurs refrain from starting a brick and mortar business or for that matter a Home Based Business (non internet) because of the investment required. In Affiliate Marketing the set-up cost is negligible with most programs being free to join and the merchant even providing you with the tools, tips and websites.
2. Pick and Choose Products: With dozens of Affiliate Program providers and thousands of merchants having their own affiliate programs, there are several thousands of products to choose from. You name it they have it! In fact there are even Fortune 500 companies to choose from. The idea is to pick and choose your niche products and promote them.
3. No need for an Inventory. The hassle of purchasing, stocking of items and storing of finished items (in a production unit) and dispatching them are not there. There is no need to maintain an inventory. It is all handled by the merchant.
4. No need for Employees. In any business the wages of the employees is one of the major expenditures to contend with. Here the problem does not arise since the marketer himself will operate his home business and probably get the assistance of a family member to help him.
5. Necessity for Customer Service does not arise. Customer service plays a major role in the success or failure of a business. The advantage here is that there is no direct dealing with the customers. The website will automatically direct the customers to the merchants.
6. Two Tier Affiliate Marketing: An attractive feature of certain affiliate programs is that they have a Two tier system, whereby affiliates can sign up as sub-affiliates below them. When the sub-affiliate earns a commission, the affiliate above him too earns a commission.
Hello, I am John Franks and I am writing this to share my ideas on Cord blood stem cells. Cord blood is composed since it contains stem cells, as well as hematopoietic cells, which can be used to care for hematopoietic and hereditary disorders. Although the cord blood does contain stem cells, there are usually not enough stem cells in one unit of cord blood to treat a mature patient. The placenta is a much better source of stem cells since it contains up to ten times more stem cells than cord blood. The use of cord blood stem cells in treating situation such as brain injury and type I diabetes is already being studied in humans, and earlier stage research is being conducted for treatments of stroke, and hearing loss. However, apart from blood disorders, the use of cord blood for other diseases is not a routine clinical modality and remains a major challenge for the stem cell community. Cord blood stem cell banking is an once-in-a-lifetime chance to save our baby’s cord blood stem cells for possible medical uses. Collecting cord blood is a simple, safe, and effortless procedure that usually takes less than five minutes and happens immediately after birth. After the umbilical cord has been cut, the left over blood in the twine is composed. The cord blood is then shipped to the laboratory and ice-covered in cryogenic storage tanks for long-term preservation. Our baby’s umbilical string and cord blood contain lifesaving trunk cells. With Cryo-Save, Europe’s leading stem cells bank, we can save them for a lifetime; thus giving your offspring the best start in life and peace of mind for the future.
At current, umbilical cord blood stem cell storage is done for management of certain high-risk illnesses. In together vaginal and cesarean deliveries, group of cord blood is done before long after delivery however, quantity of cord blood collected in case of caesarian deliveries is less. The process for collecting cord blood is carried out by a practiced midwife or a medical doctor. Months before your due date, the cord blood bank sends you a group kit that contains everything that is needed for the process. The bank also sends your OB or Midwife commands to make sure he or she knows how to collect the blood. When baby is born, and the umbilical cord is cut, the OB or Midwife collects the blood from the left behind umbilical cord and placenta (not from baby) into a needle or blood bag. This cord blood stem cell, banking, storage are the best thing for our babies for saving life for them.
About the Author:
This article is written by Jackson daren this is having topics on Cord blood stem cells, Cord blood stem cell banking, cord blood stem cell storage and many more. For more:
Public Short Ratio (PSR), also known as non-member short ratio, can be a helpful indicator to trade stock markets. It is used by many traders to find trading opportunities and to predict market movements. Public short ratio is defined as the ratio between public short selling number and total short selling number.
PSR = Total public short sells/total short sells.
The PSR ratio is disclosed by markets on a daily basis. High PSR values shows that the public are more bearish and low PSR values shows the public are more bullish. Although the ratio itself is an easy-to-use indicator, most traders use this ratio as a 10 day moving average. This makes interpretations easier and offer better flexibility. 25% of moving average is taken as the crossing point. When ever the 10-day moving average is above 25%, the market is considered bullish and when ever the moving average is below 25%, the market is considered bearish. The more the ratio stays above/below the 25% level, the more the chance of market reversal.
The basic idea behind public short ratio is public or retail traders are the worst short sellers; when compared to institutional traders and exchange member short sellers. So it is a good strategy to buy whenever public short and sell whenever go. Although sounds awkward the strategy has a high success history, especially for swing traders and long-term traders.
Advantages of public short ratio include 1) its is simple and easy-to-use, 2) has a good success history, 3) it is suitable for most traders, 4) offer better results when combined with other indicators, 5) has support available in most trading platforms and 6) is scalable with user demands.
Disadvantages of PSR include 1) it is less effective of short-term traders like day traders, 2) there is a good amount of risk associated with it, 3) the strategy does not work always as there can be situations where public are right, 4) the strategy may not work in high-volatile markets and 5) is not so suited for novice traders, especially who are not certain about minimizing their downside risks and hedging their positions.
The new law will allow anyone who has made an investment in property in the emirate to receive a full refund if a property developer fails to deliver an off-plan property on time. Other occasions in which investors can request to be compensated include breach of warranty and fraud.
The plans for the new law came to light in June when a draft was published. This early version of the law has undergone amendments after a consultation process. Majida Ali Rashid, director of planning and organisational development at DLD, explained that the public and interested parties, which were included in the talks, brought several suggestions to the table.
Boost to investor interest
The final version, which is now being drawn up, will ensure that interested parties are less exposed to risk when it comes to investment in property in Dubai. With the new law, investors receive extra protection in situations where they have suffered from a developers inability to keep the terms of the agreement. This will most probably give a boost to Dubais property market, aiding the recovery which has recently been seen after the market crashed in
2008 following the global economic crises.
Dubai is a country which has attracted serious global interest for investment in property. Over the last decade the country has launched some of the most ambitious infrastructural and development projects in the world such as Dubai Marina, Jumeirah Lakes Towers, Palm Jumeirah and The World Islands. These and other projects have had property investors salivating. According to the emirates Real Estate Regulatory Agency (RERA), Dubai is currently home to 3,094 registered real estate brokers. Nearly 50 percent of this number comes from UAE (620), with Indians (438) and Pakistanis (428) also well represented. Britain comes fourth with 304 brokers.
And with the new protection measures Dubai will become even more attractive destination for property investors across the world, creating a safe and fertile ground for whatever spectacular project developers in the emirate dream up next.
Binary options trading is becoming popular day by day. The reason of this almost insane progress is its simplicity, but this is not the only benefit of this service, it is very profitable. This kind of platform does not demand a particular knowledge and advanced skills. Binary trading is a perfect way to earn money for example for a student who is studying relevant spheres, a good way to earn in a short period of time for a housewife with enough spare time to keep updated with the latest news and overall for everyone who is seeking for smart solutions to earn money without working too much. The simplicity of course does not mean that risk is not included. Not to gamble on binary options platform is a first advise for those who wants to make money in a short period of time, but lacks patience. You do not have reason to be depended on luck, you can just spend some time learning and reduce risks. Managing possible loses is one of the binary trading benefits. If you have decided to increase income by trading make a plan. Put aim yourself and make your plan work. The first of all you have to choose the best binary broker. It must have easy and friendly software, modern and up to date banking services and good customer support centre. Broker usually offers more than 200 various assets including: foreign exchange, (Forex) indices, stocks and commodities. Firstly it is recommended to choose an asset which is the most familiar to you. This will help to get all the ins and outs of trading during the short period of time. Then systematically diversify portfolio just in case to increase your income and of course gain your knowledge and experience. What will you ever have to do while trading binary options are predicting whether the price of the current asset will go up or down, then according to your suggestion click -call- if it’s considered to go up, if you think price makes movement down, consequently click -put-, choose expiration time and this it. That is the technical task you will ever have to perform while binary trading. Choosing a strategy is another level, you have to choose the one that perfectly match the underlying asset you are planning to trade with. The combination of the familiar asset, strategy, options and the time frame when the asset is the most active is a huge step forward to success. The other important thing is the breaking news, you always have to be updated with the latest world news as they have a strong influence over the financial markets. Fundamental and technical analysis will save you time and give you a lot of information about previous price movements.
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online trading market
Making sure your business taxes are in order is too important a job to entrust to just anyone. You need an expert at tax preparation on your side; tax preparers who offer the small business services you’ll find at Padgett Business Services. Padgett has long been a source of a host of financial services for small businesses throughout North America; offering a proven system and over four decades of positive results for their clients. By specializing in the types of taxes that affect small businesses, Padgett agents consistently helps business owners just like you with income taxes, payroll taxes, sales taxes and more.
Padgett agents are committed to the thorough understanding of the issues that affect small businesses, and in insuring that your taxes are completed not only in a timely fashion but also in an accurate and beneficial fashion. Upon meeting with Padgett regarding your taxes you will notice straight away that your business is treated as the unique entity it is. Padgett realizes that no two businesses are alike, and you can count on receiving business advice as well as a tax plan that addresses your needs. Once your taxes are completed you can count on their prompt delivery in order for you to easily meet tax guidelines.
Should you find yourself or your business to be the target of a tax audit, Padgett Business Services can help. Counted among our professionals are several IRS enrolled agents; agents who are prepared to represent you in your dealings with the IRS. In such times it pays to have an experienced advocate by your side to guide you through the process and towards the best possible outcome. And to avoid such situations, small business owners can count on Padgett to keep their financial reporting compliant with government standards.
A successful small business is one that reaches out for expert help in the areas of their business beyond their expertise. In the very same way that Padgett’s professionals couldn’t be expected to be an expert at running your business, you can’t be expected to be an expert on state and federal tax codes. Padgett Business Services is however, and can provide a number of small business services while pointing to the proven results experienced by four decades’ worth of satisfied clients.
Conspiracy theorists say that the world is ruled by a single shadowy organization. They say that the banks are owned by this group, and they can manipulate the global economy to further their own selfish goals or to control rival groups that can threaten them should they ever get too big. Regardless of whether you want to be a part of some group’s world-domination plot or are just someone who wants to work in the finance industry, there are a lot of reasons to take up a job in banking.
The first is that it is one of the simplest jobs in finance. Financial advisors, consultants, and the like are known to make really big bucks but they often also struggle dealing with a lot of stress. Imagine having to look at sheets upon sheets of paper filled with numbers and trying to figure out why the business is plummeting, and fix it. Some who have a knack for it consider it a challenge but if you want to fulfill your ambitions at a later time, then banking is the perfect place to start.
The second reason to take up a job in banking is the good working environment. Bank employees have relatively lower stress levels compared to others in the finance sector. Happy workers equals happy working environment.
Another good reason to work in a bank is the job security. Banks withstand financial crises, and employees seldom get laid off unless they did something they weren’t supposed to do. Should there be another economic depression, god forbid, working at a bank won’t affect you that much.
Banks also have fixed schedules. Some banks only open on weekdays. Others open on Saturdays. No banks open on Sundays. This at least guarantees you a day off. At any rate, most bank schedules are only 8-5 and you are rarely kept in the office after-hours. This is also another reason why the working environment in banks is really pleasant.
The final reason you’ll want to work at a bank is you’ll want to be associated with a big name. You seldom hear a “lowly” bank teller calling himself such, as even a teller is proud to be working in the bank. A bank’s name is a trusted one. If you state that you’ve worked for a particular bank, then that trust is reflected on you as well. This isn’t to say you should go work for a bank so you can put something on your resume. When you get a banking job, stay there as for as long as you can as the rewards you reap will be based off of it.