Money Laundering The effects of money laundering to the economy can be damaging especially for countries with a weak economy. Money laundering refers to the process of making large amounts look as if they are from a legitimate source while they were generated from illegal activities such as terrorism funding or drug trafficking (European Union, United Kingdom, 2019). The money from criminal activities is considered dirty, and money laundering is done to make it look clean. Money laundering is primarily used by criminal organizations that want to use the money obtained illegally in an effective way. Dealing with a large amount of dirty money is dangerous and ineffective. There is, therefore, a need for the criminals to find a way to be able to deposit the funds in a financial institution. It can only be done if the money seems to come from a legitimate source. The purpose of writing about money laundering is to determine whether the economy of a country can thrive where money laundering is prevalent. It will also help us understand why strict bank regulations put…
Covid-19: HK Express suspends flights between Monday and April 30 Hong Kong’s low-cost carrier will suspend all flights between Monday and April 30, due to falling demand and travel restrictions caused by the Covid-19 pandemic. “Given the challenges we have faced, it is vital to preserve our balance to ensure that we remain together,” said HK Express executive director Mandy Ng in a statement. The airline, owned by airline Cathay Pacific, plans to resume operations on May 1 and will continue to sell tickets for flights to take place after that date. According to the daily South China Morning Post, HK Express is the first company to take such a drastic step in the Chinese special administrative region, but half a hundred companies in the sector worldwide have also decided to temporarily suspend operations. The restrictions on travel to Japan, one of the global focuses of the SARS – CoV -2 coronavirus , imposed a severe setback on the company, which had one of its most frequented destinations in the Japanese country. With the pandemic , HK Express went from…
What Determine the Storage Unit Price? In the US, one of the fastest-growing businesses is self-storage. We have a lot of things that we do not want to dispose of but are consuming a lot of our space. Storage units offer a valuable solution for the people to put their stuff during the transition. If your building is damaged by the flood or earthquake, you will need to find short term storage solutions before you do the renovation. The biggest question that people want to know is how much the storage services will cost them. The cost of the storage unit is influenced by various factors. The leading factor is the size of the storage unit. You must first sit down and access your needs. You will pay less when you look for a small storage unit. Ensure that you have reduced want you to want to store to the right volume. The extra-large unit is suitable when you want to store the entire house. The extra small storage unit is appropriate when you want to store only…
cryptocurrencies In today’s world, no investment can be considered 100% safe. Cryptocurrency, just like any other investment, has an element of risk. So, there can be no one answer as to whether cryptocurrency is safe to buy or not. Anyone looking to invest in cryptocurrency should only risk the amount he/she can afford to lose on this technology. Some people make huge mistakes by investing all their money on cryptocurrency without considering the risks involved. Besides cryptocurrencies being incredibly unpredictable, they are yet to adapt in today’s market, and this is likely to take a decade or a few years for them to stabilize. But buying cryptocurrency, it would be wise if you can do in-depth research about the technology to determine whether it is worthy of risking your money or not. This is the only way you can make an informed decision regarding cryptocurrency.. Here are the reasons why it’s no longer safe to buy cryptocurrency: Regulatory Concerns To date, people from all corners of the world are getting enlighted about what cryptocurrencies are and…
Ways of Improving Your Credit Score Credit scores are an important tool used by creditors to determine your fiscal responsibility. The higher your credit score, the higher your chances of getting creditors to fund your current activities and needs so that you can pay later. Therefore, having a high credit score is a right way of having some financial security to be able to do what you want to do even if you do not have the cash at the moment. Credit score reports usually have a list of factors that contribute to your score. From this, you can identify what is bringing your score down and consequently find ways of improving your score. Luckily, there are several steps you can take to this effect. Discussed below are some of the steps you can take. Keep your old cards Keeping your old unused cards active can go a long way in helping you to improve your credit score. However, you should only consider this option if you are not required to pay any yearly fees as a result of the…
The white-collar villain The white-collar villain is a wide range of offences that are performed through deception and motivated by economic benefit. The ordinary forms of white-collar offences include but are not limited to money laundering, embezzlement along with fraud. Many of the white-collar offences are usually cumbersome to litigate since the criminals habitually use complex means to hide their practices by a number of deals. Despite the difficulties in prosecuting the criminals involved in white-collar crime, their prosecution is usually assisted by the whistleblowers who report the internal wrongdoing. Whistleblowing is very instrumental in the trial of the criminals involved in white-collar crime since whistleblowers typically offer evidence which helps in the prosecution of the perpetrators of white-collar offence. This paper is purposed to give an evaluation of the white-collar offence along with the traditional street offences to locate the reason why the public policy in the USA drives criminal law to penalize the offenders. Overview of the issue White-collar crime in the USA is associated with substantial financial losses incurred by the country. The report by the USA…
Section III: Product breakdown and item sourcing Product bill of materials The Amazon Echo Spot is among the latest products that the company has put in the market with the hope of gaining more patronage. The company sources its raw materials from underground or other plants that are located all over the world. Even though Amazon is the maker of these products, various companies come together to make it available in the market. Its manufacture utilizes wood and some of the rarest forms of metals in the world today, for instance like Indium and gallium. Many of these materials are applied in the cycle of the product are used in its manufacturing stage. They are used in manufacturing circuit boards and silicon chips. The company sources typically these raw materials from all over the world. The aim is to assemble these materials and manufacture the products at a cheap as compared to using third parties. At the same time, they are an indispensable element of the supply as it boosts the manufacturing function. Section IV: Supply Chain Those who sell…
Ricardo Darin`s Movie The year 2001 was a tough year for most Argentinians as the country experienced a massive financial depression that leftover seventy percent of the population reeling in deep poverty. The crisis also saw great trepidation that occur in November that year, which caused a majority of individuals to empty their bank accounts at the same rate they filled them. Such actions saw the Argentinian government freeze all bank accounts in the country to help mitigate the bank panic that had gripped the country. However, it took eighteen years for Argentine filmmaker Sebastian Borensztein to adopt the crisis story and turn it into a captivating and crowd-pleasing comedy called ‘Heroic Losers.’ The film finds humor in Argentina`s synonymous financial crises, which was characterized by massive misery and fear. In Latin America, there are many incredible stories and film ‘Heroic Losers’ brilliantly tells the story of how individuals struggle to make their dreams come true. It tells a story of how Latin Americans can preserve even at the time of profound adversity and conflict and rise to become united…
Recommendations related to amazon in the United Kingdom. Having analyzed these issues, the company should now focus more on creating solutions that would be used to help the company retain its stability in the United Kingdom market. These solutions will also help the company to increase its revenue as well as create a more extensive customer base. Some of these solutions which would be best recommended for the amazon United Kingdom Company include the following; The company should ensure that they become more conscious of paying their taxes to be on the safer side with the government. This will help other stakeholders and suppliers to trust the company more in doing business with them. Such transparency is suitable for any company. Amazon Company in the United Kingdom should ensure that every product sold in their site is compliant with the rules and regulations set by the UK government. This will help to ensure that the company sells products that are certified and not illegal products, as mentioned by the UK government. A solution for product substitution as addressed is such…
Managerial Finance A company’s stock can create hype because of how sensitive the value can be to various factors. In order to make the right choice when deciding to either “buy” or “sell”, there are certain factors that an observant investor should be aware of when evaluating a company’s stock. Some of the crucial factors include: Supply and Demand, Economic Situation, Company Performances, Market Rumors, and even Political Instability. The investor is required to familiarize with a company’s supply and demand to determine if the product is in high demand. If so, the stock prices will increase until it reaches a mutual settlement. Following is the “economic situation” factor, where the company’s stock market performance is known as the “leading indicator” of where the market expectations will be in a few months. The investor will the consider “Company Performance”, where he will focus on the firm’s “business fundamental” because this would influence the stock price in the long run. New Strait Times states about this factor, “As an investor, your concern should be on the direction of the firm businesswise,…