Implications Of Money Laundering

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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:
Placement
Change the initial disposal of the illegal activity into legal business activity.
Layering:
It means to put different layers to hide the original proceedings.
Integration:
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.

Are You Ready to Buy Bank Foreclosure Homes

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The desire to buy bank foreclosure homes may have been growing in you for quite some time. This feeling may also be accompanied by the gnawing thought that maybe it is time to be free of the restrictions of renting and be more responsible in terms of homeownership. You check your salary versus the cost of buying a pre-owned house and decided that you could afford to have a house of your own.

But wait. Are you sure ready for it?

The Checklist

Your salary may qualify you for a loan to purchase one of those bank foreclosure homes advertised. You may even think you can still haggle down the price with the seller. But have you checked if you could afford the monthly payments for the house? Your cash flow may have only allowed you to accommodate rent, but can you take a debt of 35 years? It may even eat up 30 percent of your cash flow.

Your emotions can get the better of you. You may have been arguing with yourself, your spouse or your parents that you need a bigger space, more freedom and a place for your business/side business. While it may be logical, you have to do the math first and see if your arguments outweigh the monthly cost of owning a home. Will the new house require you to have a car because of its location? Or will it allow you to ditch the car, save some money by taking the public transport since it is in the middle of the city? Will it allow you to expand your business/side business?

Another thing to consider is the time you need in maintaining your own home? Do you have time to mow the lawn, dig through the snow in your driveway, or do the repairs? These chores may eat up the time that is supposedly devoted to your business/side business and/or family.

Also worth considering is your ability to come up with the down payment for one of those bank foreclosure homes you have been wanting to buy. The era of “no-down payment, introductory low interest rates” is over. Banks have tightened their lending since the credit crisis, so they may require you to make a down payment of at least 20 percent. Without it, you would be paying for a higher interest rate, which would hurt your pocket in the long run.

These questions may help you see clearer if you are really ready to buy your own house – even one of those bank foreclosure homes that are sold below market value. But if your answer to the questions above is “yes”, then proceed in making your monthly budget and long-term financial plan to allow you to take on a new or additional debt for your planned purchase.

Offshore banking – Chosen as a means for tax exemption

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Offshore banking has become famous for the effective reduction of taxes and the privacy options provided by the great organization and individuals. Prior to the acquisition of an online bank at sea, it is suggested that the person has to understand the various benefits of offshore banking and whether these benefits meet their expectations or purposes. There is no need to open a bank account if it does not meet the needs of the client, the privacy options provided by offshore banking online depends on the situation of the client.

offshore banking unit also comes with special features such as attention from local banks or other lenders; recent banking unit offshore presence around the world increased. Most countries free offshore banking unit in other countries that are at peace with them. Many Indian banks like ICICI and State Bank of India also have their own set of offshore banking units in various locations. ICICI Bank offshore banking unit headquartered in Bahrain and Singapore branches advisor to various other places like Belgium, Dubai and Hong Kong. ICICI has extended his victories abroad with representative offices in 19 countries worldwide.

Offshore banking offered are somewhat similar to that provided by traditional banks, some of the offshore banking includes cash credit, withdrawal of deposit, government investment in banks, the electronic transfer of funds, management funds, foreign exchange, surveillance of offshore banking and trust services. It is not necessary that all banks must provide each offshore banking services specified above, as it depends on private banking and personal.

The country of residence of the applicant in the offshore banking sector differs from the exact location of the bank where the applicant has an account on their behalf that provides economic benefits. The advantages offered by offshore banks to better understand a person’s privacy policies, minimal or no taxation, ease of access to deposits and protection against any financial crisis. Offshore banking is often associated with economic conditions and the secret crime which involves methods to avoid tax collection and heaps of money.

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Indian Image Bank includes variety of Indian images

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India is a beautiful country, which symbolises -Unity in Diversity- through its diverse religions, traditions, manners, habits, customs, beliefs, concepts and ideas. Each region of India is unique and novel. Indian Image Bank is the best place for users to find images on each and every aspect of the country’s beauty. While glancing for images on India, users can find a wide range of images connecting to various fields, such as, Indian monuments, festivals and occasions, health and fitness, business, travel, leisure, education and urban culture, lifestyle, art and craft and many more.

Images play an essential role in escalating the essence of any content and making it more clear and credible. While searching for images on any topic related to India, one can find that Indian Image Bank is the most appropriate choice for it. One can also refine the search by deciding various groups and sub-groups. A variety of Indian Image Bank, which is simply accessible online, can easily solve any image-related need of users. Most of the websites proffer high-resolution images and thus, it would be easier for a writer to put in vivacity and liveliness to his or her write-up.

Another important aspect is the correct size of an image and for this purpose a huge collection of Indian Image Bank is available online. It can always be enjoyable by the readers. In many of the online image galleries, one image is available in different sizes. Therefore, it is quite easier for a person to get the image in the size he wants. It will finally help him to stay away from cutting, cropping related work. There could be many topics related to India and therefore, it was earlier a difficult job for users to choose the exact image. However, various online galleries on Indian Image Bank have put an end to the problem. All these galleries have wide range of pictures on different subjects pertaining to India and its vibrant culture under a single roof. So, now one does not need to roam around with a camera to click the right image.

So, if you are thinking of working on India and its outlook, you can certainly pick a few images by searching on several websites, providing colourful images. All these images can surely make your feature more pleasant and appealing. Lastly, if you have already captured some photographs, you can easily share them with any of such online galleries, as most of these websites offer a grand platform for forthcoming photographers.

Mart of Images presents an attractive gallery of Indian images. We are offering best collections of Indian Stock Photography, Indian Image Bank, Advertising Images, High Resolution Images. For more details visit our site :

How Much Money Can A Stripper Make

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If becoming an exotic dancer has ever crossed your mind, youve probably asked yourself how much money can I make? Because this and a lot of other questions are running through your mind, I wrote “How To Be A Stripper: Everything You Ever Wanted To Know But Were Too Afraid To Ask” to help answer this and many other questions.

My first night dancing, I brought home a whopping $60. It was definitely discouraging because I thought Id be bringing home at least $300 if not more. The thing I failed to understand about stripping is that making the big bucks doesnt happen over night. There is a learning curve to understanding how to make money you can make off dancing on stage and learning how to get customers to buy lap dances from you.

Because most dance sets are made up of two 3.5 minute long songs, the club will have approximately eight girls dancing per hour. Keep in mind that there is at least a 30 second interval between dancers, so there is a chance that only seven girls will go up on stage per hour/per stage.

What does this mean for you? Depending on how many stages there are in your club, how many girls are on the rotation schedule, and how many customers there are, youll most likely make between $10 and $50 per stage show.

Once you learn the art of getting a customer to buy a lap dance from you, youll easily increase your earnings per night. Since you are only on stage for approximately 7 minutes per hour, youll want to make the most of the other 53 minutes.

Most lap dances are between $10 and $20 per dance, so the key to making a lot of money is to keep your customer buying dances from you once youve already got him in your chair. The best thing to do is make your lap dance the most seductive during the last 30 seconds. When you can hear the song starting to end, ask your customer if he wants you to continue. If youve done it right, hell want more!

Taking the money you make off stage dances and adding it to the money you can make by getting customers to buy lap dances from you, you can make between $80 and $100 an HOUR. Of course, this amount may vary some nights youll make more and some nights youll make less, but this is the average you should expect.

Online Poker How to Win Money

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This article explores poker tactics and develops ideas for making money from using online poker sites and poker forums such as WassOnline.com. It also details how no deposit poker bonus and poker freerolls work and how you can gain entry.

The popularity of poker has been increasing by leaps and bounds in recent years. Much of it can be attributed to its easy accessibility through the World Wide Web. People can sit in their living rooms and log in on any of the hundreds of sites dedicated to online poker and start playing. There are also free roll poker games being played online everyday which require no entry fee and the players are not at any risk to lose their own money. The amount of money involved in online poker is phenomenal and players can win millions of dollars from a single game. That brings us to the question: how easy is it to win money playing poker online?

Free roll poker may not offer great prize money, but normal online poker can take you from rags to riches. Playing online is completely different from playing in a real room with real people. People who dont do well in the traditional setting, have a greater chance of doing well online. This may be because of the anonymity that the internet offers.

If you are planning to win a considerable amount of money through online poker, remember that learning how to play poker is just the beginning. The good thing is, online you are not distracted by the drinking, shouting and lights of a live joint and your focus is undiluted. You can concentrate totally on the game. Secondly, strategy is important. But sticking to it is more so. You have to understand when it will be profitable for you to go all in and the odds you have of clearing the pot. Having fun and winning is good, but dont put in more money than you can afford. If you want to be a pro, there are numerous online poker strategy guides available to help you become one. They provide tips and hints of how you can improve your game thus increasing your chances of winning.

The increase in the number of tournaments being played online each year is mind boggling. Millions of dollars are being betted on. With such a huge amount of money involved, there will always be someone who is better at the game than you. There is always room for improvement. So, brush up on your skills and get ready to win money sitting right at home!

What are Bank Foreclosures and Why are they Important

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One of the easiest ways to save money on real estate is to buy bank owned foreclosures. These are a unique form of repo homes and are for sale in cities across the country. Homes are repossessed due to the previous owners inability to keep up with their mortgage payments. These houses are available to the public through auctions and usually sell for much less than they would on the open market. The lending bank that repossessed the home will use the sale processed as a means of recouping their losses. Because of this, buyers can often buy homes for up to 50% off market value.

Save Money Buying Repossessed Homes
Whether you are looking for single family homes, apartments, condos, land or commercial seized properties, you can find what you are looking for at an incredible bargain. There are so many different distressed properties since the bank foreclosure process is not unique to any particular type of property. Best of all, these properties can be purchased at discounted prices in any city in the country.

Just as there are many different property types available at auction, there are many types of lenders and mortgage institutions that sell foreclosed properties. Its important to know about them and the different routes available to buying bank homes. One popular way is federal homes which include HUD homes and VA foreclosures. These are houses available from government lenders.

Fannie Mae and Freddie Mac are two popular sources for finding houses at a discount. These two institutions are responsible for thousands of mortgages in every state.

There are so many options available when it comes to buying homes repossessed by lenders. To make the best decision for you, research them all to find the best fit for you.

Investing in Foreclosed Properties
There are many websites that provide guidance and assistance in researching bank foreclosures or any other REO property. They teach the ins and outs of buying bank repossessed homes that will allow you to maximize the value of your investment. They can also teach you about tax liens and other hidden costs as well as finding the best deals using a few simple calculations.

Finding Foreclosure Listings

NoblePalmettoWholesale.com com does all of this leg work for you, and we only put properties under contract that would make sense to investors. We know there are many costs involved once a property is purchased before an investor can retail the house or hold it in her portfolio. By negotiating with the sellers so you don’t have to, we can free you to concentrate on the things that are important to you.

Make Money Posting Links From Home

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Here is a simple technique you can use to make money posting links from home. There are tons of places that I use to place links. The more places you promote your links the more income potential you have. I like to look at it as passive income.

Place your links all over the web through the avenues I mention below to start making money posting your links. To get started I recommend you set up a free account at Linkbucks or any link paying company. Go here to get more info on how to do this.

So once you have your links set and ready where can you place them to start getting clicks?

Forums & Message boards “” Placing your links in forums and message boards are great places for your link promotion. There are tons of forums online where you can get exposure for your links. The clicks you can receive are amazing, You just have to place your links in the right place.

Social Networks “” Social Networks are great places for link promotion. Places like Myspace, Facebook, Twitter and Linkedin are all good avenues to receive clicks. You can achieve a good amount of clicks just by posting on your status or in groups.

Article Marketing – If you write a lot of articles you can post your links into articles and submit them to article directories. The trick is to submit them to high page rank engines, thus bringing you more clicks.

Email Marketing “” The quickest way to start getting clicks is to send everyone on your list a email message with one of your links. You can also place links in your signature in emails and forums to get even more potential clicks.

Be creative when on your link promotion campaign and watch the sales roll in. Try these avenues and see how they work out for you. The good thing about it you will be getting clicks for years to come. That”s awesome income potential.

For more info on making money posting links check out:
Simple Money Making Method Posting Links To Your Music
How To Make Money Posting Links To Your Music

Best of luck

Stress-free Tactics In No Credit Check Business Bank Account Examined

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BNZ or even more frequently Bank of brand new Zealand offers web financial because a cost-free solution to all customers to avail house loans, know regarding trade rates and a number of careers with ease plus when these people feel as though doing this. It’s turned off to end up being a require for many shoppers considering the pros of this type of deal have grown to be an essential fragment of membership management. The online consumers also benefit within the web banking choice because information technology introduces all of them to a wide range of solutions that tend to be normally available at a financial department.

Another probably problem are creating deposits. Direct-deposit choices for paychecks become convenient; still, should you obtain other checks you need to deposit them yourself. With on line banking , you may has to mail their deposit or generate an electric move from another bank account. This creates a longer lapse before your can access these resources. Beginning an on-line banking account try quite easy. All your ought to do is enter your own responses to a some queries. You could perform this from almost anyplace, including a room or workplace. After getting into your own reactions, really printing off and mark a descriptor. Once an individual go back this, you may possibly be complete.

There are certainly many individuals who might reap the benefits of Small Business Bank Accounts so make sure that you be aware of the benefits of Cash Loans No Bank Account, read more facts here: bank account number.

Stress-free Tactics In No Credit Check Business Bank Account Examined

You can modify your password frequently with the majority of institutions that are on the web. Many of these adjustment were wise plus things which you really need to accomplish often. You should keep in the mind, though, that you’ll need to remember the brand-new password each time which you changes information technology. It is smooth and convenient to log on to your own online lender, however, you ought to make completely certain to not forget to log out after you are completed. If you use internet based financial from a public spot, like a library, workplace or web cafe, this will be specifically significant.

Telebanking try the round-the-clock, ‘bank-on-phone’ services to enable visitors to interphase through telephones. It benefits in enhanced customer fulfillment inside readily available system facilities. Consumer phone calls up his lender, total his password plus impact the transfer. NRIs may in addition make questions and concern instructions at hassle-free time in their unique respective places, i.e. twenty four hours banking drive messages are those which the financial institution decides to submit out to a customer’s cellular cell, without the consumer starting a request for the information, they are either mobile phone promotional emails or messages alerting a celebration that happens in the customer’s bank account, such as a big fees making use of the customer’s credit score rating card, etc.

The Banking Sector in the UAE

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The global economic crisis in 2008 had a great impact on the U.A.E. Several banks reported that there were high non-performing loans from 2009 to 2011. Thankfully, the economy recovered well and quickly after the financial meltdown. The reason that the U.A.E. could recover so quickly, was because they immediately set up an additional liquidity facility of around 14 billion dollars, which was available to the banks should they need it, but was luckily not really used. This crucial move stabilized the banks, and prevented further repercussions from the financial crisis. With the proactive steps taken by the government, as well as the blessing of natural crude oil, the economy of the U.A.E was able to bounce back quite effortlessly from what seemed like complete bankruptcy to most people.

There are around 23 local banks in the U.A.E., as well as 28 foreign banks operating there. These banks also have special Islamic banking, which has become increasingly famous in recent years. There are different kinds of accounts available, and foreigners have the option of opening their bank accounts either in the local currency, or in a foreign currency. Almost all the banks in the U.A.E. allow their customers to avail of personal Internet banking. The country in general is technologically savvy, and almost everything can be done over the web. Apart form this, all banks have ATM facilities, and customers of one bank can use the ATM of another bank. There is also a number of business banking facilities available to the large number of businessmen in the country. Current account holders can make cheque payments for all of their day-to-day expenses. Based on the credit of the account holder, overdraft facilities are also available to current account holders.

Whether you having personal or corporate banking needs, the banks in the U.A.E. are more than capable of helping you reach your goals. Even though they did meet with a slight set back due to the financial crisis, they have showed great power in being able to recover so fast, when most of the world is still reeling from the aftermath of the economic meltdown. The Central Bank of the U.A.E. has laid down several guidelines in 2011 to regulate loans and other banking services offered to individuals in an attempt to control all the banking to ensure stability. The export of oil from the entire gulf region has doubled since the year 2009. They exports have now reached 1 trillion Dollars. It is expected that by 2020, the figure will reach 2 trillion Dollars. With such promising figures, it is evident that the banking sector in the U.A.E. is really very strong.