Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA) Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA) has published a draft guide listing potential ‘Red flags’ to facilitate private sector in forming policies regarding money laundering using digital assets on December 31st 2019. The draft titled, “Red Flags in the Virtual Assets Field is now open to review for public and has formed after consultations with financial advisors and members of the community. It has received backlash for targeting privacy-protecting tools like the VPN and tor users. The authority has claimed that although digital assets promote economic innovation, it poses newer and stricter challenges in conducting financial investigations, seizing property originating from questionable sources and combating crime. Thus, the objective of the draft is to identify “problematic” economic activities and help finance bodies act on it. The Israel Money Laundering and Terror Financing Prohibition Authority, which founded in 2002, is an independent financial intelligence unit that works following the Financial Action Task Force (FATF). Many from the Israeli crypto community have already criticized it for having excessive “red flags”…
Global economy strategy Location Matters The urban economist Enrico Moretti discusses the aspect of location in relation to globalization. The world has changed a lot over the years. Thanks to the advancement in technology, location is determined as the main aspect holding the economic lifeline of major corporations in the globe (Hill, 2015). Location determines how a company performs both at its local base and internationally. Moretti argues that the low-skilled jobs that are moved out of the United States allow the large tech corporations to hire the highly skilled workforce while lowering prices of goods (Moretti, 2012). Innovation hubs have pulled large corporations to their locations owing to the benefits that come with situating a firm in an innovation hub. (Moretti, 2012)Argues that smart, innovative workers and companies, like to be surrounded by other smart and innovative firms because ideas that help the company/worker perform well are hatched within that ecosystem. For instance, a company located in an innovation hub like Silicon Valley and has the entire tech ecosystem surrounding it will perform exceptionally well compared to that outside.…
Turkish Economic Crisis Introduction Turkey’s economy is still adjusting since the 2018 economic crisis. Turkey’s being the 7th largest growing economy in Europe as of 2017 is fast growing. The country has a population of 81.4 million people, according to the World Bank (2019). In 2018, the country’s economy changed due to a financial crisis. The financial and economic crisis was mainly as a result of foreign debt and excessive current account deficit. The Turkish Lira lost more than 35% of its value against the US Dollar each day, and it leads to inflation and increased cost of living. The textile industries, which are the leading in Turkey together with the banks, went down, and they are still struggling to contain the fallout. The Turkish financial and economic crisis affected most businesses both globally and nationally despite the monetary and fiscal policies put in place and challenges still in the country. However, we cannot ignore the fact that the country is trying to come back to its former state. Discussion Turkey’s economy was hurt by the 2018 economic…
SUMMARY OF OPERATION AND DIGITAL BUSINESS Practising operation simulation game has significant importance of improving an individual’s decision-making process in operations management. It introduces players to the complex nature of the decision-making process within the industry as well as the volatile environment in which business operations are carried like in the case of the apparel industry. Different elements like contract specifications, production flow and shipping area are involved and for an individual to have an early introduction and experience in relation to decision making involving these elements is an immense step towards becoming an astounding manager within the industry. The goal of the first simulation was to complete five contracts on the production process. The operation flow included four major machine activities, including cutting, sewing, press transfer, and packaging. Decision making in the first module was highly influenced by customer orders, the quantity of the order, quality, and the need to prioritize. I ensured lean purchasing by ensuring that the available raw materials were just enough for producing the demanded products and went for discounts whenever necessary. In the first…
Economic and Finance Growth. The relation between economic growth and financial development is much debated with several papers showing that differences in ranks of the progress of financial schemes impact economic growth variances among countries. This may differ from additional monetary funds, access to finance venture projects owing to larger capacities of saving, and more effective reallocation of money, thus getting the right businesspersons and promenading to higher output. There is a positive association between economic growth and financial development, like the quantity of secluded domestic credit or standard market capitalization comparative to GDP (gross domestic product). The leading positive attitude to financial diffusion and the medium level of secluded bank credit create the highest ratio of gross domestic product. In many countries, this reaches levels higher than the gross domestic product. Such intensities of financial diffusion altogether with the current and modern financial deepening (Schulze et al., npg). The corresponding further current empirical effort provides proof of vanishing optimisticeffect or possibly non-linear connection, as acknowledged in several modern studies. However, the association can be multifaceted and may differ,…
Equal employment opportunities In 1964 U.S senate passed civic rights, and a few days later, it was signed into law by President Lyndon B. Johnson. The Civil Rights Act of 1964 discourages discrimination in every sector, either the private sector or in the government sector. A section of the Act, namely Title VII, prohibits employment discrimination on the grounds of race, sex, color, religion, and national origin. Title VII applies to private employers, labor unions, and employment agencies. This Act prohibits discrimination in recruitment, hiring, assignment, wages, promotions, discipline, layoffs, and all other aspects of employment. Title VII of the Civil Rights Act 1964 also established the Equal Employment Opportunity Commission (EEOC), a five-member, a bipartisan commission whose aim is to erase unlawful employment discrimination. Still, its mission has been shaped by more than this one legislation. Several laws and amendments, and some executive orders, have expanded, limited or directed the Commission’s responsibilities and authority. Government agencies involved in equal employment opportunity and affirmative action compliance or noncompliance is done in several criteria. The two standard standards mostly used are;…
Executive; an arm of the Government The essay entails the Executive as the arm of the Government. It indicates the member that makes up the Executive and the history. The evolution of power, roles and the functions of the Executive is also covered. The Government of States comprises of three arms that make up the Government. They include; the Executive, the judiciary and the legislature. (Wilson et al. 2018). The Executive is in charge of the daily activities of the states, including the management of several affairs. However, it is not in charge of making the laws of the land state but instead of implementing. The Executive mainly comprises of the president, the vice president, the cabinet, departments that makes up the Executive, the independent agencies, board commissions and the committees. The United States was first written in 17th September the year 1787 in the Philadelphia convection. The convection took approximately four months. That is from 25th May to 17th September. It was the end of this period that the treaty was signed and agreed that the Government should have…
Ethics, Economics, and Politics What is the role of the government in balancing public welfare vs. individual happiness? The role of the government in balancing public welfare and individual happiness is to make sure that everyone counts equally when assessing the happiness of the community. The state should ensure that people live together in a viable society. Most public welfare will affect the expectations of life of many citizens. Consequently, they need to be balanced. When it comes to individual happiness, it is affected by a number of factors that are within the control of the state. These factors range from taxation, subsidization to price mechanisms. The happiness of individuals is also tied to public welfare. Public welfare includes things that will be free at the point of use, but the state took the cost of providing them. The state gets the money for public welfare activities from taxation of people. Income taxation falls on an individual’s earnings. It affects those who are taxed by making them less motivated to work and focus on leisure than they would if there…
IMPACT OF TRADE WAR BETWEEN USA AND CHINA For the past two years, The United States of America and The Republic of China have been at war. A war that has had the two giants cross horns in matters trade. All this began in 2018 when the United States President Donald Trump imposed 10% tariffs on 300 million dollars’ worth of Chinese goods. These include foot ware, electronics, and toys. China then retaliated by imposing 10% tariffs on the USA goods. The latest taxes levied by the USA onto China’s imports are at 15%. The trade war has, over the years, resulting in adverse effects on the two economies as well as other nations that have experienced the collateral damage of the war. The trade war has dampened investment sentiment and consumer confidence among producers and businesses in China, brewing uncertainty since no company knows what to expect. Timothy Heath, The Senior International Defence Researcher RAND cooperation, believes that the lack of de-escalation it the war and the inability of both nations to solve the disputes is unsettling. Multiple businesses…
Intelligence issue:Implications of Iran-US Relationship Crisis Introduction if I was told to name two countries with the poorest relations, I would automatically name the US and Iran. Since 1980, the US and Iran have never had formal ties. Pakistan represents Iran in the US, while Switzerland represents the US in Iran. US and Iran have continuously quarreled over various issues, and especially the production of nuclear power. The US has even listed Iran on the terrorism list. In 2015, Iran and the P5+1 countries entered a deal, limiting Iran’s manufacturing program, where it was required to enhance monitoring in nuclear production weapons. Iran agreed to reduce the uranium content in its nuclear facilities and heed the policies of the international atomic energy inspection team, and in exchange, all the sanctions would be withdrawn, and the frozen property of about 10 million dollars generated from illegal dealing ith high content uranium equipment would be released. Unfortunately, the US President, Donald Trump, withdrew from the joint comprehensive plan of action (JPOA). This was a very controversial move, and all allies were not…