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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1. From the book of Amos‚ state how the poor and needy were afflicted. (4) In the book of Amos‚ the poor were treated as outcast and were discriminated against. The government collected taxes from the poor such as rent thus fine buildings were built and pleasant vine yards were established. Selling the righteous for money and the needy for a pair of sandals tells us a lot about the social conditions of that time when the poor had to fight for their just rights‚ which were all too frequently ignored
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Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of exchange is simple. Every week when I do my grocery shopping‚ I give the cashier money‚ whether it is in the form of cash‚ or debit card‚ in exchange for groceries. Money as a unit of account is the yardstick people use to post prices and record debt. When we want to measure and record economic value‚ we use money as the unit of account.
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Assess the view that poor countries will always stay poor [33 marks] The view that poor countries will always stay poor is one that is highly debated in the world today‚ many activists such as fair trade‚ say that due to exploitation of poor countries by the western world‚ the poor countries will stay poor‚ as they are not getting fair prices for the good that they export and sell to the western world. One way in which the view that poor countries will stay poor is supported is through dependency
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Causes for Generation of Black Money There are several factors responsible for the emergence – of black money. It would be relevant to discuss those factors so that a correct understanding about the genesis‚ growth and expansion of black money can be made. The principal factors are: (i) Beginning of the evil: The beginning of this evil can be traced to the Second World War. During this period supplies of industrial goods from the traditional suppliers of the West were cut off. This resulted in
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Natalie Murcia “How to do the Master Cleanse” How many of you have been walking down the street and catch your reflection in a window? then you see that extra pudge and wonder how it got there. what do you do next? you walk into the nearest bookstore or go online and research the newest diet. So after trying half of the diets like Jenny Craig‚ The South Beach Diet‚ Atkins and many others you realize that they do not work. Well heres one that does work. when all else fails i have the perfect solution
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Plastic money is a term that is used predominantly in reference to the hard plasticcards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Katie Harry answered Plastic money are the alternative to the cash or the standard ’money’. Plastic money is used to refer to the credit cards or the debit cards that we use to make purchases in our everyday life. Plastic money is much more
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|Pocket money as the name suggests is money given to children to take care of petty expenses. This amount of money | |can be given by parents ’ everyday‚ every week or every month or even on adhoc basis‚ as and when the child requires| |it. As long as the child has the freedom to spend the money‚ it will be deemed as pocket money. | |Parents extensively differ in their perspectives of whether or not to give pocket money to children. Some parents | |believe that pocket money
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Tendulkar - THE LITTLE MASTER BLASTER INTRODUCTION Sachin Ramesh Tendulkar (born on 24 April 1973) is an Indian cricketer widely regarded as one of the greatest batsmen in the history of cricket. He is the leading run-scorer and century maker in Test and one-day international cricket. He is the only male player to score a double century in the history of ODI cricket. In 2002‚ just 12 years into his career‚ Wisden ranked him the second greatest Test batsman of all time‚ behind Donald Bradman
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The Paradox of Money and Happiness “The ideas that rich and poor are equal before the law and that the vote of a rich man counts just as much as those of a poor man are two of the most radical ideas in human history. They are‚ of course‚ the essence of democracy.” Robert Kuttner‚ the Power of Money (Boston Globe 2001) By this he seems to mean that‚ the vote of a poor man is as powerful as that of a rich man although when a rich man comes out to vote in public is becomes very
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