European Payment Summit presentation delivered by Nadja van der Veer of PaymentCounsel and Michael Burtscher of Minerva on 15 March 2018.
The presentation explored current issues around the regulation of cryptocurrencies, focusing on the following topics:
Cryptocleansing: how does it work?
Market concerns & regulatory responses
The road to crytpo licensing: learning from New York
Cryptoplatforms: success through compliance
To receive a copy of this presentation by email please get in touch: hello@minervapartnership.eu
This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).
Basics of Anti-Money Laundering : A Really Quick Primer
What is Money Laundering?
The act of concealing or disguising (laundering) of funds obtained through illegal activity
so that they appear to have been generated through legal, legitimate sources.
How is it Carried Out?
Shell companies, intermediaries and money transmitters usually transfer these funds around the world Banks and other financial institutions are the chosen medium for laundering these illegal funds
AML Regulations:
The Bank Secrecy Act is the most important Anti-Money Laundering (AML) regulation
The BSA requires financial institutions to:
Keep records of cash purchases of negotiable instruments
File reports of cash transactions exceeding $10,000 (daily aggregate amount)
Report suspicious activity that might signify money laundering, tax evasion, or other criminal activities
Implement a written, board-approved compliance monitoring program
The USA Patriot Act
Expands AML requirements to all financial institutions
Augments existing BSA framework
AML Best Practices:
In order to combat money laundering, banks should implement the following best practices:
Customer Identification Program (CIP)
Customer Due Diligence (CDD) Program
Bank Secrecy Act/Anti-Money Laundering Risk Assessment
Identification and Reporting of Suspicious Activity
Want to learn more about anti-money laundering process and best practices? ComplianceOnline webinars and seminars are a great training resource. Check out the following links:
http://www.complianceonline.com/anti-money-laundering-aml-compliance-program-seminar-training-80114SEM-prdsm?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-regulatory-requirements-seminar-training-80181SEM-prdsm?channel=ppt
http://www.complianceonline.com/bsa-aml-compliance-reporting-requirements-webinar-training-703352-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-compliance-checklists-webinar-training-703178-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-and-evaluation-compliance-program-webinar-training-703493-prdw?channel=amlppt
http://www.complianceonline.com/best-practices-for-developing-risk-models-for-aml-bsa-monitoring-webinar-training-703628-prdw?channel=amlppt
[Cryptica 22] Finspot: A real-world asset tokenization in practice - Jovan Mi...DataScienceConferenc1
The idea behind this talk is to walk the audience through all the aspects of a real-world asset tokenization (RWA) project that is developed from scratch and is in production. The presentation will review the following topics: The need behind the project, technological aspects of token creation and issuance, Finspot token tokenomics, real-life challenges along the way (regulation, market awareness), achieved results, how is the data going to affect the next token design, as well as a look into the future - what are the trends?
Is cryptocurrency really the future of money? Bitcoin is the first and most famous cryptocurrency that exploded in late 2013 when the price per Bitcoin exceeded $1200. This is an explanation of what cryptocurrency is and how payments are processed
Welcome to our channel,
A cryptocurrency (or cryptocurrency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions,
control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. This channel was created to share news and opportunities related to crypto space.
Check our website: https://www.everythingcrypto.club/
Join our private channel group: http://bit.ly/2YoWzFr
Follow us on social media :
Youtube : https://bit.ly/3bkoeiE
Instagram: https://www.instagram.com/everythingincrypto
Telegram : https://t.me/everythingincrypto
vkontakte : https://vk.com/public184024328
Twitter : https://twitter.com/everythingcryp5
Medium : https://medium.com/everythingincrypto
Linkedin: https://www.linkedin.com/company/everythingcrypto
what's cryptocurrency all about?
What's cryptocurrency?
What does cryptocurrency mean?
What does crypto mean?
#everythingcrypto #whatscryptocurrency #cryptocurrency #bitcoin #crypto #ethereum #freecrypto #freebitcoin #earnfreetoken #earnfreebitcoin
This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).
Basics of Anti-Money Laundering : A Really Quick Primer
What is Money Laundering?
The act of concealing or disguising (laundering) of funds obtained through illegal activity
so that they appear to have been generated through legal, legitimate sources.
How is it Carried Out?
Shell companies, intermediaries and money transmitters usually transfer these funds around the world Banks and other financial institutions are the chosen medium for laundering these illegal funds
AML Regulations:
The Bank Secrecy Act is the most important Anti-Money Laundering (AML) regulation
The BSA requires financial institutions to:
Keep records of cash purchases of negotiable instruments
File reports of cash transactions exceeding $10,000 (daily aggregate amount)
Report suspicious activity that might signify money laundering, tax evasion, or other criminal activities
Implement a written, board-approved compliance monitoring program
The USA Patriot Act
Expands AML requirements to all financial institutions
Augments existing BSA framework
AML Best Practices:
In order to combat money laundering, banks should implement the following best practices:
Customer Identification Program (CIP)
Customer Due Diligence (CDD) Program
Bank Secrecy Act/Anti-Money Laundering Risk Assessment
Identification and Reporting of Suspicious Activity
Want to learn more about anti-money laundering process and best practices? ComplianceOnline webinars and seminars are a great training resource. Check out the following links:
http://www.complianceonline.com/anti-money-laundering-aml-compliance-program-seminar-training-80114SEM-prdsm?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-regulatory-requirements-seminar-training-80181SEM-prdsm?channel=ppt
http://www.complianceonline.com/bsa-aml-compliance-reporting-requirements-webinar-training-703352-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-compliance-checklists-webinar-training-703178-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-and-evaluation-compliance-program-webinar-training-703493-prdw?channel=amlppt
http://www.complianceonline.com/best-practices-for-developing-risk-models-for-aml-bsa-monitoring-webinar-training-703628-prdw?channel=amlppt
[Cryptica 22] Finspot: A real-world asset tokenization in practice - Jovan Mi...DataScienceConferenc1
The idea behind this talk is to walk the audience through all the aspects of a real-world asset tokenization (RWA) project that is developed from scratch and is in production. The presentation will review the following topics: The need behind the project, technological aspects of token creation and issuance, Finspot token tokenomics, real-life challenges along the way (regulation, market awareness), achieved results, how is the data going to affect the next token design, as well as a look into the future - what are the trends?
Is cryptocurrency really the future of money? Bitcoin is the first and most famous cryptocurrency that exploded in late 2013 when the price per Bitcoin exceeded $1200. This is an explanation of what cryptocurrency is and how payments are processed
Welcome to our channel,
A cryptocurrency (or cryptocurrency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions,
control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. This channel was created to share news and opportunities related to crypto space.
Check our website: https://www.everythingcrypto.club/
Join our private channel group: http://bit.ly/2YoWzFr
Follow us on social media :
Youtube : https://bit.ly/3bkoeiE
Instagram: https://www.instagram.com/everythingincrypto
Telegram : https://t.me/everythingincrypto
vkontakte : https://vk.com/public184024328
Twitter : https://twitter.com/everythingcryp5
Medium : https://medium.com/everythingincrypto
Linkedin: https://www.linkedin.com/company/everythingcrypto
what's cryptocurrency all about?
What's cryptocurrency?
What does cryptocurrency mean?
What does crypto mean?
#everythingcrypto #whatscryptocurrency #cryptocurrency #bitcoin #crypto #ethereum #freecrypto #freebitcoin #earnfreetoken #earnfreebitcoin
This presented is aimed at AML/CTF practitioners who would need quick reminders of the basics of AML. Tools are not very useful if the underlying basics are unknown.
This article contains information about history of Bitcoin cryptocurrency. What is Bitcoin? Whom was it created by? This article resumes the whole history of Bitcoin since 2008 to 2018.
Sanctions List Screening with World-Check and CaseWare Alessa
Get the most comprehensive sanctions list screening capability available today with CaseWare AML Compliance and the Thomson Reuters World-Check database.
WHAT IS CASEWARE AML COMPLIANCE?
As part of their anti-money laundering (AML) compliance programs, financial institutions and other organizations must take measures to ensure they are not doing business with sanctioned individuals, groups or countries. CaseWare AML Compliance is a solution that has Know Your Customer (KYC), transaction monitoring, sanctions list screening, and regulatory reporting capabilities in a single platform, allowing businesses to fulfill all key areas required by AML regulations.
By adopting this solution, compliance teams have at their fingertips advanced and configurable analytics, visualizations, workflows, alerts and case management capabilities. Organizations can identify high-risk individuals and entities; detect suspicious transactions; manage investigations and compliance risks through automated workflows; and electronically file reports to regulators.
THOMSON REUTERS WORLD-CHECK DATABASE
CaseWare AML Compliance is integrated with Thomson Reuters World-Check database, which currently includes more than 100,000 sources. Hundreds of global researcher analysts review more than 530 sanction, watch and regulatory law and enforcement lists in addition to thousands of other sources of information related to politically exposed persons (PEPs) and individuals and entities not found on official lists daily. This makes World-Check the most comprehensive and up-to-date sanctions list available today.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
Upvest's view on the state of asset tokenization in Germany/Europe. It is a high-level overview for a broader audience, summarizing our learnings of two years in the asset tokenization industry.
Check out more info on: https://upvest.co
money laundering and corruption
,
what is money laundering
,
suspicious transaction means such transaction:
,
what are some of the challenges
,
why and how to combat money laundering
,
money laundering
,
money laundering process
,
mlpa-2012
,
incentives to launder
Introductory lesson for the Bitcoin and Blockchain Technology course of Milano Bicocca University (2017)
Video (in Italian) available at https://goo.gl/tbB4Pu
A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
This presented is aimed at AML/CTF practitioners who would need quick reminders of the basics of AML. Tools are not very useful if the underlying basics are unknown.
This article contains information about history of Bitcoin cryptocurrency. What is Bitcoin? Whom was it created by? This article resumes the whole history of Bitcoin since 2008 to 2018.
Sanctions List Screening with World-Check and CaseWare Alessa
Get the most comprehensive sanctions list screening capability available today with CaseWare AML Compliance and the Thomson Reuters World-Check database.
WHAT IS CASEWARE AML COMPLIANCE?
As part of their anti-money laundering (AML) compliance programs, financial institutions and other organizations must take measures to ensure they are not doing business with sanctioned individuals, groups or countries. CaseWare AML Compliance is a solution that has Know Your Customer (KYC), transaction monitoring, sanctions list screening, and regulatory reporting capabilities in a single platform, allowing businesses to fulfill all key areas required by AML regulations.
By adopting this solution, compliance teams have at their fingertips advanced and configurable analytics, visualizations, workflows, alerts and case management capabilities. Organizations can identify high-risk individuals and entities; detect suspicious transactions; manage investigations and compliance risks through automated workflows; and electronically file reports to regulators.
THOMSON REUTERS WORLD-CHECK DATABASE
CaseWare AML Compliance is integrated with Thomson Reuters World-Check database, which currently includes more than 100,000 sources. Hundreds of global researcher analysts review more than 530 sanction, watch and regulatory law and enforcement lists in addition to thousands of other sources of information related to politically exposed persons (PEPs) and individuals and entities not found on official lists daily. This makes World-Check the most comprehensive and up-to-date sanctions list available today.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
Upvest's view on the state of asset tokenization in Germany/Europe. It is a high-level overview for a broader audience, summarizing our learnings of two years in the asset tokenization industry.
Check out more info on: https://upvest.co
money laundering and corruption
,
what is money laundering
,
suspicious transaction means such transaction:
,
what are some of the challenges
,
why and how to combat money laundering
,
money laundering
,
money laundering process
,
mlpa-2012
,
incentives to launder
Introductory lesson for the Bitcoin and Blockchain Technology course of Milano Bicocca University (2017)
Video (in Italian) available at https://goo.gl/tbB4Pu
A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Navigating the Crypto currency Maze: A Guide to Understanding TaxationRiyaWalke
Crypto currency has become a revolutionary force in the financial world, offering decentralized and borderless transactions. While the allure of digital assets is undeniable, it's essential to grasp the tax implications associated with crypto currency transactions.
How Governments see Cryptocurrencies including Bitcoin? A Feb, 2018 UpdateAmilcar Chavarria
A quick a dirty review of how major governments are treating cryptocurrencies. What's their stance toward bitcoin and other cryptos? Do they plan on having their own central-bank backed token? What are the major obstacles to overcome?
Bitcoin's market cap could hit $1 trillion in 2021 as its growing reserve currency status drives adoption higher, a cryptocurrency expert says.
In this PANGEA report were provide an insightful perspective on cryptocurrencies, blockchain and the possibility of an emerging new asset class.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Digital Asset Management Ltd - Madrid Presentation - Club FinancieroPhilip Vasquez
Digital Asset Management Ltd's presentation at the Club Financiero, Genova, Madrid, for Jose Luis Romanillos seminar. DAM presented on the risks and opportunities of blockchain, DLT and cryptocurrencies to an audience of professionals and intermediaries.
www.dam.gi
A presentation on AML & CFT Risks and Opportunities delivered at the Gibraltar Association of Compliance Officers Blockchain & DLT Event on 17 October 2018.
This presentation covers different industry players; what obligations those industry players may have; how to meet those compliance obligations; other key risks and the future of compliance in the cryptocurrency and DLT sector.
The European Union is the second-largest economy across the globe. It is right behind famous Asian countries like South Korea and Japan in terms of Cryptocurrency investment. If you want to invest in centralized trading solutions or centralized crypto exchange platform, you must have a good understanding of legal compliance and taxation outlook of the EU.
“As a layperson -let us understand- cryptocurrency and how it works.pdfRAVI TIKU
All of us listen so much about the cryptocurrency and its usage being done for the various transactions, but we still don’t know the basics of this currency and how it is transacted, and under which regulatory board or exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it affects the transactional market internationally.
Two things crypto investors should know about money laundering and taxationFinlaw Associates
While cryptocurrencies do not pose a threat to the global financial stability, we remain vigilant about risks such as consumer and investor protection, money laundering, and the fight against frauds.
For youtube video please visit - https://www.youtube.com/watch?v=lHW4DYYekFk&t=64s
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange
It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
cryptography is the art of writing or solving codes
Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
There have been many attempts at creating a digital currency during the 90s tech boom but inevitably failed.
Notably, all of those systems utilized a Trusted Third Party approach, meaning that the companies behind them verified and facilitated the transactions.
Then, in early 2009, an anonymous programmer or a group of programmers under an alias Satoshi Nakamoto introduced Bitcoin.
It is completely decentralized, meaning there are no servers involved and no central controlling authority. The concept closely resembles peer-to-peer networks for file sharing.
Essentially, miners are providing a bookkeeping service for their respective communities. They contribute their computing power to solving complicated cryptographic puzzles, which is necessary to confirm a transaction and record it in a distributed public ledger called the Block chain.
But how do miners make profits? The more computing power they manage to accumulate, the more chances they have of solving the cryptographic puzzles. Once a miner manages to solve the puzzle, they receive a reward as well as a transaction fee.
If you happen to own a business and if you’re looking for potential new customers, accepting cryptocurrencies as a form of payment may be a solution for you.
There are many different services that you can use to be able to accept payments in cryptocurrencies. For example, CoinPayments currently accepts over 75 different digital currencies, charging just 0.5 percent commission per transaction. Other popular services include Cryptonator, CoinGate and BitPay, with the latter only accepting Bitcoins.
The authorities all over the world are worried about the cryptocurrencies’ appeal to the traders of illegal goods and services. Moreover, they are worried about their use in money laundering and tax evasion schemes.
As of November 2017, Bitcoin and other digital currencies are outlawed only in Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Vietnam, with China and Russia being on the verge of banning them as well. Other jurisdictions, however, do not make the usage of cryptocurrencies illegal as of yet, but the laws and regulations can vary drastically depending on the country.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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1. Cryptocurrencies & AML:
Regulating a New Mainstream
Nadja van der Veer PaymentCounsel
Michael Burtscher Minerva
European Payment Summit, 15 March 2018, The Hague
To receive a copy of this presentation by email please get in touch: hello@minervapartnership.eu
2. Agenda
● Introduction
● Crypto-cleansing: how does it work?
● Market concerns & regulatory responses
● The road to crypto licensing: learning from New York
● Crypto platforms: success through compliance
6. The value of crypto
8 March 2018
BTC 10,000 = USD 99.6 million
That’s a lot of pizzas…
7. From niche to mainstream
● January 2009: Satoshi Nakamoto releases v.1.0 of the Bitcoin software
● 22 May 2010: First transaction is made buying two Papa John’s pizzas
● 2 October 2013: The FBI arrests Ross Ulbricht in San Francisco and
takes the Silk Road website offline. It has an estimated turnover of
USD 1.2bn
● Bitcoin becomes known as the means to pay online for illegal products
and activities: from drugs to child pornography and assassinations
…and yet it is clearly much more than that
14. What is crypto-cleansing?
1 The act of laundering money by purchasing
cryptocurrency
2 The act of laundering cryptocurrency in order to make it
untraceable
15. The process of money laundering
1. Placement: introducing the money into the system
2. Layering: carrying out a multitude of complex
transactions to camouflage the origin of the money
3. Integration: acquiring wealth in some shape from
these transactions
22. Cryptocurrency: so what is it?
● Commodity (US CFTC, Finland, Taiwan)
● Virtual commodity (Hong Kong)
● No legal tender (Argentina, Belgium, Hong Kong, Indonesia, Italy, Jordan, Malaysia, Mexico, Poland)
● No currency (Colombia, Norway, Singapore, South Korea, Sweden, Taiwan, ESAs)
● No money (Norway, Singapore, ESAs)
● No legal status (South Africa)
● Financial instruments (Germany)
● Electronic currency (Iceland, Lebanon)
● (Speculative) Assets (France, Norway, Sweden)
● Securities (Philippines)
● Digital representation of value (ESAs)
Countries issuing own VC: Ecuador, Estonia (pushed back by ECB), Russia, Venezuela
26. Warnings
● Bangladesh
● Belgium
● Bolivia (ban)
● Brazil
● China (ban)
● Cyprus
● Denmark
● Ecuador (ban)
● European Banking Authority
● Finland (ICO-specific)
● France
● India
● Israel
● Jordan
● Lebanon
● Mexico
● Morocco (illegal)
● Netherlands, the
● New Zealand
● Portugal
● South Korea (ban)
● United Kingdom
Disclaimer: non-exhaustive
28. But also:
● “Virtual currency has the potential to improve payment efficiency and reduce transaction costs
for payments and fund transfers” (FATF)
● “Transactions in virtual currencies can be cheaper, faster, more secure and more transparent”
(European Parliament)
● “Cryptocurrencies are the “future of money” (Bank of England - Mark Carney)
● “It would not be wise to dismiss crypto-assets; we must welcome their potential but also recognise
their risks” (IMF)
● Financial inclusion: addressing needs of unbanked
● A payment system with no single point of failure
● Absence of a central authority acting as transaction intermediary creates new opportunities, but also
potential risks
● Irreversible and secure
29. The Road to Crypto Licensing:
Learning from New York
30. Regulatory history
● US FinCEN guidance on application Bank Secrecy Act to Bitcoin companies
● Leading: after 2 years of research & industry consultation - NY 2015
● Recent SEC warning: online trading platforms subject to registration
Other countries followed in 2017 (and still now):
○ Austria: financial services involving VC are regulated
○ Australia: VC exchanges subject to registration/ regulation (as of mid-2018)
○ Canada: main focus on AML concerns
○ China: ban for FIs and PSPs to accept/use/sell VC. Exchanges to register
○ Japan: VC regulation (2016). Recent enforcement: cease orders & penalties
○ Malaysia: VC exchanges subject to AML obligations, Compliance Officer appointment (2018)
○ Singapore: VC business may be subject to AML laws
○ Switzerland: bitcoin kiosk operators subject to license & VC platforms subject to AML laws
Disclaimer: non-exhaustive
32. BitLicense
Limited to activities involving NY or NY resident
Virtual currency business activity:
● receiving VC for transmission
○ except when TXN for non-financial purpose and
○ not involve transfer of more than a nominal amount of VC
● storing, holding, maintaining custody/ control on behalf of others
● buying/ selling VC as a business
● performing exchange services as a business
● controlling, administering, issuing VC
33. BitLicense: definitions
Virtual currency:
“any type of digital unit that is used as a medium of exchange or a form of digitally stored
value. Virtual Currency shall be broadly construed to include digital units of exchange that (i)
have a centralized repository or administrator; (ii) are decentralized and have no centralized
repository or administrator; or (iii) may be created or obtained by computing or
manufacturing effort”
Excluding:
● in-game currency not convertible and redeemable
● affinity or rewards programs
● digital units on prepaid card
37. 5AMLD: state of affairs
● Concerns:
○ VC exchange platforms no obligation to identify suspicious activity
○ anonymity allows potential misuse for criminal purposes
● Dec 2017 - political agreement
● Pending adoption EP & EC (no changes foreseen)
● Transposition 18 months after publication
Virtual currency broad application: means of payment, exchange,
investment purposes, store-of-value products or uses in online casinos.
38. 5AMLD: definitions
Virtual currency:
“a digital representation of value that is not issued or guaranteed by a central bank
or a public authority, is not necessarily attached to a legally established currency,
and does not possess a legal status of currency or money, but is accepted by natural
or legal persons, as a means of exchange, and which can be transferred, stored and
traded electronically”
Virtual currency exchange platforms:
“providers engaged in exchange services between virtual currencies and fiat
currencies”
39. 5AMLD: definitions
Custodian wallet provider:
“ an entity that provides services to safeguard private cryptographic keys on behalf
of their customers, to hold, store and transfer virtual currencies.”
44. Competence
● For crypto to continue to succeed and be the new MAINSTREAM:
o Platforms that provide access to crypto need to act
responsibly
o This means acting like the established financial organisations
when it comes to the prevention of ML/FT, including KYC and
CDD/EDD
o In Europe some firms are already FCA and CySEC licensed,
while for the US they have FinCEN MSB licenses
46. Controls
● Implement the latest technologies to board millions of
customer in a short space of time
● Capture and analyse a person’s digital fingerprint
● Transaction monitoring: EDD, Source of Funds verification
● Limit the sources where money can come from: only from a
credit/debit card in the person’s name or their own bank
account
47. Controls
Some platforms only enable customers to buy and sell crypto●
but do not allow customers to transfer crypto from external
wallets
Block or allow crypto● -mixers
Block or allow Bitcoin ATMs●
Some even file SARs●