Iran does not produce a great amount of the drug because of the climate. It is illegally imported from neighboring Afghanistan. Iran’s drug problem also translates into another area of concern; money laundering. The money made from the illegal drug problem leads to dirty politicians who launder money and then use it to further their political agendas. Corruption among the political parties continues to be an ongoing issue for the Iranian people. Iran’s largest city is the capital of Tehran
international interest and matter of security especially after 9/11. Saudi Arabia’s ability to spread their Islamic ideals across the Middle East can directly be attributed to their abundance of money that comes from their oil industry. This is problematic because the Saudi’s have an unlimited amount of ever flowing money that they can use to spread influence and directly affect not only the economic but political climate as well in the Middle East. Saudi leaders both within the kingdom and abroad are moving
exists a mode of socially recognized order (Durkheim, 1974). According to Olusoga (1981: 17) observes that people are influenced due to the urge to get money, material/financial resources, contracts, employment, status, fame, power, or physiological/psychological satisfaction through illegal and immoral actions such as internet scam, money laundering, abuse of public office, etc. As at 1999, the first Speaker of the House of Representative in Nigeria was exposed by the civil society for falsification
HAWALA INTRODUCTION [pic] Among the methods terrorists worldwide use to move money from regions that finance them to target countries some hardly leave any traceable trail. As regulators learned recently, one of the weak points in the payments chain through which illicit funds can enter is a system of traditional trust-based banking originating in southern Asia which is known as hawala. The word hawala is Hindi meaning "trust" or "exchange". Often used in relation
7 What is money transfer?................................................................................35 2.2.8 Nature of money transfer fraud.....................................................................35 2.2.9 Money transfer fraud.....................................................................................36 2.2.10 Red flags........................................................................................................38 2.2.11 Types of scams aiding money transfer.
local businesses. They were prohibited from speculating with depositors’ savings. Investment banks handle stocks and had small investment partnerships. Partners front money so they shy away from big risks and watch the market carefully. 1980’s The financial industry exploded and the banks went public giving them huge amounts of money to invest. Due to this, partnerships become obsolete. People on Wall St started getting rich. From 1978 to 2008, a banker’s average salary went from 47 to 100K. But
Summary: Banking sector is one of the most important sectors for the economic development of a country. Modern commercials banks since their early days had been doing two main functions. These are Acceptance of deposits from the public and lending money to the people. Generally banks deal with others (people) deposits. So it is very important to make sure that all deposits are invested as well as maintained in an Islamic ways. In this report, there is a survey on practices of E banking section in
never-ending series of questions regarding its design, its value to its users, ultimate use and acceptability. E-banking is the waves of the future. It provides enormous benefits to consumers in terms of case and cost of transactions, either through internet, telephone or other electronic delivery channels. For many consumers, electronic banking means 24-hours access to cash through an Automated Teller Machine (ATM) or Direct Deposit of paychecks into checking or savings accounts. But electronic banking
sophisticated items like television sets, electronics control system, various engineering products especially as ancillaries to large industrial undertakings. Nowadays Indian small-scale industries (SSIs) are mostly modern small-scale industries. Modernization has widened the list of products offered by this industry. The items manufactured in modern Small-scale service & Business enterprises in India now include rubber products, plastic products, chemical products, glass and ceramics, mechanical engineering
for deposits and allowed it to extend credit activities. This has also enabled the Bank to offer new products and services and to strengthen its competitive position in offering existing payment services. Since the importance of Web presence in the Internet is absolutely critical, IFIC Web Site www.ificbankbd.com has long been launched for the convenience of the customers, where all the activities and information are constantly being posted and updated. A Central Mailing System is operational at the