In fact, the extremely turbulent conditions of the distribution and wholesale sectors of the market are one of the most favorable periods for the development of innovative business. One impact point is the suppression of the global economy due to supply chain disruptions as the Covid-19 pandemic spreads. Moreover, another aspect is the changes in the technological environment, which greatly simplify the way of doing…
The note about this came from Bloomberg with a reference to anonymous sources. This fact implies that for non-residents, the terms of use of Emirati companies and banking institutions will become even more difficult to enforce. If such a decision is nevertheless officially adopted, it will be one of the most significant measures taken by the FATF in the entire thirty-year period of the community’s…
The European Commission has published a draft Directive developed by the Council of the EU, which outlined rules on how to prevent the illegal use of shell companies in order to “circumvent” tax conditions. The latest EU intentions as for minimum substitution size amended Directive 2011/16/EU. The measures that were outlined in the draft can be divided into two categories: the first one is indicators,…
Cryptocurrency is by its nature decentralized and not subject to the control of any financial authorities, therefore, it needs a separate method for verifying transactions. PoS is one such method – it is used by many cryptocurrencies. PoS is a mechanism by which cryptocurrency holders will be able to validate blocks of transactions and add their cryptocurrencies to blockchains. This method is a kind of…
Recent events in the Forex industry: due to the influence of negative factors, the fall of cryptocurrencies and world markets continues The decline of the global stock market in the near future is due to many extremely negative factors. American indices recently fell 1.7% after actively growing up for 3 days, on news that the new omicron coronavirus strain is not as bad as previously…
CENTROlink is a transaction system controlled and implemented by the Bank of Lithuania and provides access to the Single Euro Payments Area (SEPA). Through its own infrastructure, the Bank of Lithuania provides technical access to SEPA for all types of payment service providers – banks, credit unions, electronic money or payment institutions that are licensed in the European Economic Area (EEA). CENTROlink system connection is…
The payment gateway enables the payment ecosystem to function smoothly, as it helps companies and individuals to process payments on the Internet. If you have an online store, you don’t need to be a payment gateway pro, but it’s important to understand the basics of how an online payment flows from your customer to your bank account. Let’s take a look at what a payment…
The Bureau of Ocean Energy Management in the United States said that trading floor 257, located in the Gulf of Mexico, has already received 317 claim messages, which were, in particular, sent from 33 firms. Applications were received for 308 blocks out of the total proposed 15 148. As a result of the receipt of these applications, their total amount amounted to about $ 191.7…
The food industry, in particular restaurants and other similar establishments, is thriving and developing faster and faster every day. This is the reason why buying a restaurant will be a promising investment with unlimited growth opportunities. One of the ways to become part of this commercial network is to start your own restaurant business, especially if you already have experience in the catering industry. This…
Money Services Companies (MSBs) have certain obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and various regulations to help combat money trafficking and terrorist financing in Canada. If your business is one of these businesses, you need to be aware of all the obligations that apply to you, which include business registration, reporting, record keeping, knowing your own customers, and…