MONEY LAUNDERING: INDIA AND THE WORLD Table of Contents Chapter I: Introduction Money laundering refers to the conversion of money that is illegally obtained‚ so as to make it appear to originate from a legitimate source.1 Article 1 of the EC Directive defines the term money laundering as “the conversion of property‚ knowing that such property is derived from serious crime‚ for the purpose of concealing or disguising the illicit origin of the property or of assisting any person who
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instead of trying to produce everything it needs. Exchange is the process of trading surplus quantities of specialized products to others for other goods or services. Productivity determines output‚ output determines income‚ and income deter¬mines a society’s standard of living. Therefore‚ each individual or nation should try to increase its productivity. One way of doing this is through specialization and exchange. Specialization occurs when an economic unit limits the scope of its productive efforts instead
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Principles of Money & Banking Lecture Notes 1 The Definition of Money The definition of anything follows one of two procedures 1) Attach labels to real world objects – Nominalist (2) Attach labels concepts and then search for the corresponding real world entity - Empiricist Characteristics of Money 1) Medium of Exchange 2) Unit of Account 3) Store of Value Money has two meanings. As an abstract notion it is a unit of account. As a concrete notion it is a medium of exchange
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Retail Stores BUS 235: Introduction to Marketing Instructor: February 27‚ 2012 Retail Stores They type of location that I visited was Art Van furniture store. This store is located close to my home in Warren MI. It is on 14 Mile Rd. and Van Dyke. The store sits on a main street with a huge sign that can be seen from about a half a mile away. This store is great for those who are in the market for furniture. The target market would be the middle working class. They offer moderate prices
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P3 Children Act 1998 The Children Act 1998 aims to protect children who are suffering or likely to suffer significant harms. The act has reformed the law relating to children over the last century 1989‚ and did not come into force until 1991. The act states that the child’s welfare is paramount and that the concept of parental responsibility replaces that of parental rights. The act also promises to safeguard the child and make certain services available for children who are cared for by their
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All the No points 1. Money can be donated to a good cause. 2. some evil clearly nothing to do with money 3. Money is not the root of all evil. The lack of money is the root of all evil. 4. More 5. Money represents positive value 6. Money is the end product of what you did 7. Originally‚ Money was the solution to the problems(/inefficiencies in transactions) arising out of barter exchange system. 8. Money can’t be dispensed with 9. There’s no such thing as the root of evil!
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What is Stock Exchange? A stock exchange is the market place for the purchase and sale of second hand securities. It provides "trading" facilities for stock brokers and traders‚ to trade shares of the listed companies and other financial instruments such as Term Finance Certificates and Derivatives. Stock exchanges also provide facilities for the issue (listing)‚ redemption (delisting) of securities and other capital events including the payment of income and dividends. It is a key institution for
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million customers‚ across 40 countries. Its mission is to become a leading‚ global‚ client-focused‚ innovative and low-cost provider of financial services through the distribution channels of the client ’s preference in markets where ING can create value. (ING‚ About Overview) Awards 1. ING Vysya Bank was awarded the ’Safest Banker ’ by The New Indian Express‚ 2012 2. ING was included in the 2011 DJSI World Index - the longest-running global sustainability benchmarks worldwide 3.
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THE COLUMBIAN EXCHANGE During the late 14th century‚ Europeans had occupied themselves in a severe and demanding exploration of the unknown world that surrounded them. They were very curious as to what they could find. One of the biggest findings European sailors eventually discovered was a connection of the Old World (Europe) and the New World (the Americas). This was called “The Columbian Exchange.” The Columbian Exchange‚ between the Europeans and the Native Americans‚ was a significantly
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As everyone know that English is international language and important medium of communication. But there is still a Controversial topic that should English be the medium of instruction in secondary school? Population are growing rapidly in this world. Imagine that if we doesn’t have English‚ how would we be communicating with others from foreign country? We could not use our national language to talk with foreign people since they may not be understand at all. We could not always speak their national
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