THE PREVENTION OF MONEY-LAUNDERING (AMENDMENT)ACT‚ 2009 NO. 21 OF 2009 [6th March‚ 2009.] An Act further to amend the Prevention of Money-laundering Act‚ 2002. BE it enacted by Parliament in the Sixtieth Year of the Republic of India as follows:@ 1. ! Short title and commencement. ! 1. Short title and commencement. – (1) This Act may be called the Prevention of Money-laundering (Amendment) Act‚ 2009. (2) It shall come into force on such date as the Central Government may‚ by notification in the Official
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more appropriate investment choice? A CD would be the more appropriate investment choice‚ as the customer is only looking to invest his/her money for six months. Though the bank may offer a term deposit to suit him/her‚ CDs are much more flexible. If the CD has a maturity of longer than six months‚ it can be reissued into the deeply liquid secondary money markets whenever the customer chooses. 6. Commercial banks are the principal providers of loan finance to the household sector. Identify five
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TIME VALUE OF MONEY Time value of money is useful in making informed business decisions. For example the "net present value method" can be used to help decide the best alternative among multiple alternative uses of a firm or personal financial resources. By discounting various alternatives to their "present value" one can compare the alternatives. Time value of money can also answer such questions as what one’s investment will be worth at a certain point of time in the future‚ assuming
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Indian money market The India money market is a monetary system that involves the lending and borrowing of short-term funds. India money market has seen exponential growth just after the globalization initiative in 1992. It has been observed that financial institutions do employ money market instruments for financing short-term monetary requirements of various sectors such as agriculture‚ finance and manufacturing. The performance of the India money market has been outstanding in the past 20 years
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What is money? Money is a currency accepted as exchange for goods and services. It is just a piece of paper that everyone would envy. People are obsessed with money and many would kill for it – there is no reason why they would not. Some even choose money over their own family or friends. Money is the reason the world operates‚ Thousands of people are dying everyday in the world‚ and all people care about is how they should spend their money after making it. Since money is the reason the world operates
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AND SUPPLY FOR MONEY – MACROECONOMICS REPORT DEMAND FOR MONEY * What is Demand for Money? The demand for money represents the desire of households and businesses to hold assets in a form that can be easily exchanged for goods and services. Spendability‚ or liquidity‚ is the key aspect of money that distinguishes it from other types of assets. For this reason‚ the demand for money is sometimes called the demand for liquidity. * Many factors influence our total demand for money balances. The
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SYLLABUSBack 3101 - Anti Money Laundering Measures and Business Ethics 1. Definitions Money Laundering Terrorism Financing Relationship with other crimes and world economy 2. Money Laundering A. Methodology 2.A.1 Placement 2.A.2 Layering 2.A.3 Integration 2.A.4 Issuance of Cheque B. Sources and Techniques 2.B.1 Crimes and Civil wrongs Nature of crimes 2.B.2 Corruption‚ Drug Trafficking‚ Ransom‚ Counterfeiting‚ Copy
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ACFI 340 – TAKE HOME QUIZ - FALL‚ 2011 Below you will find a series of independent questions involving present value concepts. Show all factors used in present value computations and indicate the table that was used (FV of $1‚ PV of $1‚ etc). If you use a financial calculator‚ show the key strokes you used to compute the answer: N‚ i/y‚ PV‚ FV and PMT Please download a copy of this quiz and type your answers after each question. Each student should design his/her own spreadsheets. Where amortization
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pursuit of money is damaging. 2. spiritual damage 3. there are alternatives to money 4. Family damage 5. MONEY CAUSES 90% OF CRIME 6. If money was such a good thing then IT would serve the people. Instead people serve IT. 7. Money equals a social status 8. money causes interest 9. money can be good and bad All the No points 1. Money can be donated to a good cause. 2. some evil clearly nothing to do with money
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Attitudes toward money Different people possess different viewpoints on money. In general‚ the attitudes toward money are divided into three types based on the relationship between the owner and the money itself. The first type of attitude to money is considering it as a boss. The people having this opinion about money is ones who do nothing but serving money. Planning for every penny going into and out of their wallet really drives them mad‚ and expenses are a big worry for them. They may work
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