combating Money Laundering and Financing of Terrorism in Bangladesh Muhammad Ashikur Rahman Introduction Bangladesh has arguably not yet been a safe haven for money launderers‚ nor a pivot for terrorist financing as there is still absence of phenomena that typically make a country attractive to money launderers. Stable economy and political system‚ modern financial institutions‚ lack of effective law to deal organized crime‚ lenient sentencing‚ and a country’s location close to a major consuming
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On the Long-arm Jurisdiction of Anti-money Laundering Cases 姓 名： 王XX 刘XX 院 系： XX学院 专 业： XX Contents Abstract Since 2009‚ many European international banks including HSBC‚ have been punished by anti-money laundering regulatory penalties of United States. Why the U.S. financial sanctions and regulations can be imposed on the banks of other countries? The answer lies in "long-arm jurisdiction"
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criminality would be money laundering‚ which is considered dirty cash that is illegally obtained cash that can’t be spent uninhibitedly. While there is confirmation that terrorist weapons have been obtained by direct trade for drugs‚ or for "dirty" cash‚ most consumptions by terrorists are for merchandise or services acquired on the free market‚ which requests clean money. Therefore‚ a great part of the dirty cash must be laundered in an endless criminal enterprise called money laundering. Since the 1970s
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First Draft: Decentralization in Lebanon Decentralization in Lebanon In the twenty first century or in other words‚ the century we are living in‚ is full of modern political thoughts and what is related to them from public sector reforms. There are so many political systems that are followed every where. These political systems can best be summarized by two controversial systems. These two systems are the Centralized and the Decentralized systems. In Lebanon we follow the central system
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combat money laundering‚ the BIS issued a statement of principles requiring banks to make reasonable efforts to determine the true identity oft their customers. According to the Aus Gov‚ this must be undertaken by all ‘cash dealers’ including casinos‚ TABs who are required to report suspect cash transactions over $10‚000 or over $500 for cross-border. Since this however‚ drug money and other illicitly obtain money are now shipped out of the country in cash. Methods include smuggling money out of
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Controlling Money Laundering in India – Problems and Perspectives Vijay Kumar Singh Assistant Professor of Law Hidayatullah National Law University Raipur‚ Chhattisgarh To be presented at the 11th Annual Conference on Money and Finance in the Indian Economy on 23-24 January 2009 At the Indira Gandhi Institute of Development Research (IGIDR)‚ Mumbai‚ INDIA Do not cite without permission Controlling Money Laundering in India – Problems and Perspectives Vijay Kumar Singh Assistant
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country illegal transaction of money has been increased & these illegal money has been also used on various illegal activities. Money laundering process refers to illegal receipt or transfer of fund from one place to another. This process involves not only the banking system of the country but also non-banking system. Bangladesh is moving towards an open economy with a small-magnetized sector by liberalizing the financial and economic policies. However‚ the money laundering mechanisms are creating problem
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“MoneyGram….The best way to wire money” “With MoneyGram you’re never far away from a fast and easy money transfer.” Strategic Planning for an Online Money Transfer Service Presented to: Dr. Jean Mourani Presented by: Bassima Hazimeh Farah Yaghi Table of Content I – Introduction to MoneyGram...................................................................................... .. 3 A- History of the Organization...........................
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Geography of Lebanon Lebanon is today a small republic stretching approximately 160 kilometers along the eastern coast of the Mediterranean Sea with a total area of 10‚452 kilometers square and an estimated population of 3‚874‚050 according to an independent 2006 estimate‚ including Palestinian refugees and foreign workers‚ mainly Syrian. Lebanese territory is dominated mostly by mountains which consist of the parallel ranges of the Lebanon and the Anti-Lebanon. Between the Lebanon and the Anti-Lebanon
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from Lebanon have been establishing communities throughout the world‚ and have been talking a lot about migration‚ until the number of Lebanese people outside Lebanon became greater than the double the number of Lebanese citizens. The Lebanese migration seems to have several principal causes. Hence‚ how are those causes really affecting the Lebanese migration? The first one is the economic causes‚ the second one is the social cause the third one is the weakness of the academic level in Lebanon. For
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