Financial transaction

E-Commerce Regulations in Indonesia – Lexology

This article will focus on the main regulatory requirements for foreign ESOs seeking to operate in Indonesia. Since the myriad of laws and regulations (at governmental and ministerial level) on electronic transactions make it difficult to navigate the regulatory framework in Indonesia, this summary attempts to present the applicable regulations as of the date of […]

Financial transaction

Russia ‘won’t ask’ US and EU member states to lift sanctions, says Russian deputy foreign minister

Russia will not ask the United States and member countries of the European Union (EU) to lift the sanctions imposed on Moscow following the ongoing “military operations” in Kyiv, says the Russian Deputy Minister of Affairs foreigners, Sergei Vershinin. Washington and the EU “have made great efforts” to turn the Kremlin’s course but “nothing will […]

Financial transaction

5 Reasons Why Retail CBDC is Good for India

The evolution of money is interesting, starting with the exchange of goods to coins and paper money, and now digital currency. However, the basic characteristics of money are always the same. It is used to store assets, can be used as an exchange, and serves as a unit of account. Today, the concept of central […]

Financial transaction

What is identity theft and how can you protect yourself?

A few weeks ago there were reports of fraudulent use of PAN cards to obtain loans from a fintech lending app. Many people were shocked to see loans registered against their PAN and some of the loans were not even repaid resulting in the deterioration of their credit score. Cases of identity theft are on […]

Financial transaction

War disrupts global forest markets – Business News

Photo: Staff of Castanet A sudden increase in global demand and higher prices for Canadian logs, lumber, pulp and wood pellets could result from a dramatic disruption in wood markets, due to the invasion of Ukraine by Russia. The western world acted with swift and dramatic sanctions against Russia for its invasion of Ukraine. Russia […]

Financial transaction

Russia’s invasion of Ukraine will likely reduce exports of forest products

Russia’s invasion of Ukraine is expected to impact global trade in the months to come. Increased sanctions against trade with Russia and difficulties in financial transactions are likely to disrupt and redirect shipments of forest products around the world. As a result, trade with Russia will likely decline, impacting long-established international trade flows of forest […]

Financial information

What is the EU SWIFT financial system from which Russia is withdrawn? How it will affect other Moscow

New Delhi: The European Union, along with the United States and other Western partners, announced on Saturday their decision to disconnect Russian banks from the international financial system SWIFT, following the Russian invasion of Ukraine. According to a joint statement issued by the leaders of the European Commission, France, Germany, Italy, the United Kingdom, Canada […]

Financial transaction

Ukraine-Russia War, Kyiv News: Live Updates

WASHINGTON — The Biden administration and its key European allies have reached a preliminary agreement to ban sanctioned Russian companies, oligarchs and government officials from using the SWIFT system, essentially banning them from international financial transactions — but without interfering with gas deliveries to European nations. The deal, discussed in general terms by German officials […]

Financial transaction

Joe Biden targets Vladimir Putin’s inner circle but keeps ‘mother of all sanctions’ in reserve

Sanctions introduced by Joe Biden on Tuesday night targeted Vladimir Putin’s inner circle but were called “appeasement” by leading Republicans. Mr. Biden has ordered sanctions against two major Russian state-owned financial institutions that are key to the Kremlin and the Russian military. Vnesheconombank, which has more than $50 billion in assets, has been described by […]

Transaction tax

Telecom operators must pay tax on mobile money transactions – Ursula

Minister of Communications and Digitization, Ursula Owusu-Ekuful Last year, the Minister of Communication and Digitalization, Ursula Owusu-Ekuful, urged the government to collect taxes from telecom operators on their revenue from mobile money transactions. She was making her submissions to the Nominations Committee where she said operators should be taxed for the 10% fee on MOMO. […]

Financial transaction

The postal system will offer a return of 7.1%, better than the bank DFs; Know the details

The Public Provident Fund is a long-term investment option backed by a sovereign guarantee. Not only generally higher than FD yields, the PPF diet comes with several benefits for the common man. You can use the PPF account to accumulate long-term wealth. People who are not covered by the Employees Provident Fund (EPF) can also […]

Financial transaction

[In-depth] 5 ways to protect yourself against financial fraud

Financial frauds are commonplace in any digital economy. Every day new ways are explored by hackers and scammers to trick people online. To protect your online transactions, you must be careful and follow certain steps to avoid losing your precious money. Here are five tips to protect yourself against financial fraud. (1) Beware of Unknown […]

Financial transaction

How will fintechs adapt to the metaverse?

marsmeena29 / Getty Images/iStockphoto Metaverse is an emerging technology that is very promising but also has many unknowns. While some predict the Metaverse will become the “new normal” in the future, others believe it’s just some fancy secondary technology that will be used primarily by players. See: Metaverse virtual real estate is booming: what’s the […]

Financial transaction

Crypto firm Fireblocks raises $550M, $8B valued venture

Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest funding rounds in the cryptocurrency industry in the past. of recent years. The latest investment valued the company at $8 billion. The funding was led by D1 Capital Partners and Spark Capital, with […]

Financial transaction

Transport commissioner warns against fake employee licenses

News Elizabeth Gonzales Just now Transport Commissioner Clive Clarke, left, and Assistant Transport Commissioner Prakash Chaitram chat with Everlee Boodoo after receiving her new driver’s license from a newly operational Licensing Division mobile sub-office during her visit to Cumana, Toco, Thursday. -ROGER JACOB Transport Commissioner Clive Clarke revealed that people were posing as employees of […]

Financial transaction

Mode Adds Proven Industry Leaders to Its Executive Team

Prepares to scale rapidly to meet the growing demand for analytics tools in addition to the modern data stack SAN FRANCISCO (PRWEB) January 11, 2022 Mode analysis, the most comprehensive platform for collaborative Business Intelligence (BI) and interactive data science, today announced five key additions to its leadership team to keep pace with the growing […]

Financial information

Potential for cross-border transactions improved with IFRS

[ad_1] Many companies around the world have assumed that they don’t care about IFRS. That was until they saw potential for cross-border payments emerging. The recent pandemic has created the conditions for global merger and acquisition (M&A) activity. But what do they mean for your business? And how can you convert to IFRS? What is […]

Financial transaction

Dollar flight continues despite FIA ​​action – Journal

[ad_1] KARACHI: As the Federal Investigation Agency (FIA) takes comprehensive action against illegal currency trading, pressure on the exchange rate refused to ease as the dollar hit a record high of Rs 181.3 on the open market Friday. FIA chief executive Sanaullah Abbasi told Dawn that in December alone, the agency arrested 158 people and […]

Financial transaction

How cryptocurrencies are regulated around the world | The Guardian Nigeria News

[ad_1] It is safe to say that the world of cryptocurrency is constantly changing. While some countries have yet to take a clear stance on whether cryptocurrencies qualify as securities, other countries have taken strong positions on their regulation. For example, it is illegal for citizens to use cryptocurrency as a means of payment in […]

Financial transaction

“Photos and video show Siddharth Pithani smuggled contraband to Sushant Singh Rajput”: court | Latest India News

[ad_1] In his detailed order, NDPS Special Judge DB Mane said the recorded documents prima facie showed Pithani’s involvement. Photographs and videos recovered by the Narcotics Control Bureau (NCB) show Siddharth Pithani smuggling contraband material to his roommate, the late actor Sushant Singh Rajput, when they smoked together, the Special Court observed. narcotics and psychotropic […]

Financial information

An inclusive version of 26AS or something more?

[ad_1] Every taxpayer is now familiar with Form 26AS, which mainly contains TDS / TCS payment data for a particular taxpayer. Over the years, Form 26AS has been reformed to include more details like reimbursement and interest on reimbursement, high value transactions, etc. In order to promote transparency and to simplify the tax reporting process, […]

Financial transaction

Know the rate of Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies:

[ad_1] Cryptocurrency prices today, December 7, 2021: Check and compare the prices of cryptocurrencies. Get to know the rate, value, value of Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies today, compare prices and check market capital on all major Indian exchanges. Cryptocurrency Prices in India: Cryptocurrency remains a volatile market and prices change very […]

Financial transaction

Barclays, RBS, HSBC and Credit Suisse fined 344 million euros for forex cartel

[ad_1] Band Foo Yun Chee BRUSSELS, December 2 (Reuters) – European Union antitrust regulators fine Barclays BARC.L, Swiss credit CSGN.S, HSBC HSBA.L and RBS NWG.L a total of 344 million euros ($ 390 million) Thursday for rigging the spot foreign exchange market. UBS UBSG.S avoided a fine of 94 million euros because he had alerted […]

Financial transaction

SGB ​​is working to launch PNC bank account pilot program this spring

[ad_1] What has long been a dream for student organizations – more self-service management of their finances – could come true in the fall of 2022 if everything goes according to the Student Government Board’s plan. SGB ​​member Brennan Conway said the board is working hard with stakeholders across the university to open private bank […]

Financial transaction

ATM cards issued to holders of a national ID card are empty – Landbank

[ad_1] Elijah Felice Rosales – The Filipino Star November 18, 2021 | 00h00 MANILA, Philippines – Debit cards distributed to national ID card holders do not contain cash, unlike social media. The state-run Land Bank of the Philippines released the clarification, saying ATM cards issued to Filipinos registering with the Philippine Identification System (PhilSys) can […]

Financial transaction

Three financial institutions sanctioned for flouting customer due diligence protocols – Business News

[ad_1] People’s Merchant Finance, Ideal Finance and Seylan Bank sentenced to a cumulative fine of Rs. 2mn The Central Bank of Sri Lanka (CBSL) added to the Consolidated Fund a sum of Rs 2 million during the third quarter, which was collected by imposing penalties on three financial institutions for failing to comply with the […]

Financial transaction

Labuan FSA obliges industry players to comply with global AML / CFT standards

[ad_1] LABUAN: The Labuan Financial Services Authority (Labuan FSA) has forced financial sector players to comply with global anti-money laundering and terrorist financing (LAB / CFT) standards. It issued guidelines applicable to Labuan’s reporting institutions to ensure that transactions made by clients were legitimate financial transactions. Labuan FSA Managing Director Nik Mohamed Din Nik Musa […]

Financial transaction

JoJoPay partners with ECPay; allows 7-Eleven cashout – Manila Bulletin

[ad_1] JojoPay x 7-Eleven x ECpay JoJoPay fintech solution partners with Electronic Commerce Philippines, Inc. (ECPay) to enable cash transactions through ECPay and 7-Eleven branches across the Philippines. The partnership aims to revitalize the digital economy by making secure, instant and hassle-free payments a reality. JoJoPay is the first fiat payment platform on the blockchain. […]

Financial transaction

Bollywood actress Jacqueline Fernandez ignores ER summons for second time in extortion case

[ad_1] Bollywood actor Jacqueline Fernandez ignored the summons issued to her by the Directorate of Execution (ED) in connection with the Rs 200 crore extortion case involving con artist Sukesh Chandrasekhar for the second consecutive day. Archive photo | Bollywood actress Jacqueline Fernandez ignores emergency summons for the second time in an extortion case. Bollywood […]

Financial transaction

As enforcement tightens, drug cartel funding calls for scrutiny

[ad_1] Indonesia has continued its aggressive law enforcement efforts against drug offenders, although it has not yet completely eradicated drug trafficking. Last year, the National Narcotics Agency (BNN) reported that it had mapped 92 drug unions that continue to pose a serious threat to the country. Of the total unions, 88 were discovered. In a […]

Financial transaction

The Fed to investigate the financial transactions of those responsible | Job

[ad_1] Washington (AP) – Independent investigators are investigating whether the Federal Reserve Board of Governors broke the law in last year’s financial transactions, which were the subject of Congressional scrutiny and lively criticism from outside the central bank. The Federal Reserve Board of Governors will investigate “whether the business activities of certain senior officials complied […]

Financial transaction

Inspiration4 Benefactor-Commander in Quarantine with COVID-19 Positive Family

[ad_1] September 23 (Reuters) – Days after completing his historic trip to space as part of the first all-civilian crew to reach Earth orbit, billionaire e-commerce mogul and mission commander Jared Isaacman is back at home him and unexpectedly quarantined. “I came back to Earth with a house full of COVID,” Isaacman, 38, said in […]

Financial transaction

CAMS and KFintech launch new platform for MF transactions

[ad_1] MUMBAI : Mutual Fund (MF) Registrar and Transfer Agents (ATR) KFin Technologies Pvt. Ltd or KFintech and Computer Age Management Services (CAMS) Ltd have launched a website called MF Central, following a directive from the Securities and Exchange Board of India (Sebi) to RTAs to provide a platform for MF transactions by December 31. […]

Financial transaction

A Compliance Crisis at NFT Marketplace OpenSea – Blockchain Transparency | Michael volkov

[ad_1] Matt Stankiewicz, Partner at Volkov Law Group, joins us for an article on the recent scandal of OpenSea, the cryptocurrency industry’s leading NFT marketplace. The crypto industry is in turmoil with a recent scandal involving OpenSea, the industry’s largest NFT marketplace (for those who don’t know, NFT stands for non-fungible token, and the most […]

Financial transaction

McDonald’s El Salvador will accept Bitcoin

[ad_1] In El Salvador, McDonald’s now accepts bitcoin payments. Bitcoin payment processor OpenNode announced on Tuesday, September 7 that the Quick Service Restaurant (QSR) will accept cryptocurrency at its 19 restaurants across the country. The news follows an announcement by Quiznos last month that the sandwich chain would accept bitcoin in certain locations in Colorado […]

Financial transaction

The best payment solutions in a post-pandemic world

[ad_1] By Yulia Idemenko August 9, 2021 The global pandemic has given birth to new digital payment methods How payment processes have evolved and how the COVID-19 pandemic has accelerated the adoption of digital payments. The way consumers pay has changed dramatically since the start of the pandemic. Concerned about contact with surfaces and banknotes, […]

Financial transaction

Open finance for the benefit of consumers

[ad_1] More Filipino consumers can benefit from an offer to make financial services accessible to all through an open financial framework. “With open finance, Filipino consumers will be able to have a consolidated view of their personal data and financial transactions, access more affordable services that match their needs, and ultimately make more informed financial […]

Financial transaction

Banco do Brasil urges fans to ‘transfer their support’ for Olympic athletes to WhatsApp

[ad_1] Banco do Brasil offers moral and financial support to the nation’s athletes in Tokyo via WhatsApp by encouraging its customers to share warm words of encouragement. Designed by Lew’Lara TBWA, the promotion dovetails with the bank’s sponsorship of athletes, with fans encouraged to share their love, affection and encouragement the same way you would […]

Financial transaction

Autonomous open financial agency to be ready this year – BSP – Manila Bulletin

[ad_1] The creation of an Open Finance Oversight Committee (OFOC), an autonomous industry-led body, will be completed within the year to adopt, update and enforce the rules of conduct for an open financial system, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “We are aiming for the complete creation of OFOC within […]

Financial transaction

EXPLAINER: 7 questions you must have asked about Cebu City Government’s COA “clean” note and the findings of its 2020 expenditure audit. The answers we have so far.

[ad_1] WHAT HAPPENED, IN BRIEF [a] The mayor of Cebu City, in a July 11 message, said he was “happy to report” that the COA (Audit Commission) had given the municipal government an “unmodified” or “no notice” notice. reserve “for its 2020 financial transactions. This was the” highest mark “the LGU has ever received in […]

Financial transaction

UTU Launches Solvency API to Improve Accuracy

[ad_1] NAIROBI, Kenya, July 14, 2021 (GLOBE NEWSWIRE) – UTU, a decentralized trust infrastructure provider that is building new models of digital trust through artificial intelligence and blockchain, today launched its Solvency API for improve the accuracy of credit scores for financial institutions and decentralized funding platforms (DeFi) around the world. Benefits for banks, microfinance […]

Financial transaction

DATA443 Announces Six-Digit Recurring Revenue Customer Agreement

[ad_1] Another FinTech Winning for the company,Growing dynamism To Major Markand Uplist Data443 Risk Mitigation, Inc., a leading data security and privacy software company, is pleased to announce its latest contract, providing data security services to a global Fortune 500 FinTech company that offers wide range of financial products and services, employing more than 60,000 […]

Transaction tax

Companies do not need to deduct TDS on purchases of stocks / commodities through exchanges: CBDT

[ad_1] Companies that buy stocks or products traded through recognized stock or commodity exchanges for a value even greater than Rs 50 lakh will not be required to deduct withholding tax (TDS) on the transaction, a declared the income tax service. With effect from July 1, 2021, the income tax department introduced a provision relating […]

Financial information

Secure your financial transactions in the digital age with these best practices

[ad_1] It is essential that we have good guarantees and good practices in place for our financial transactions, as losses resulting from financial fraud can affect us significantly. The increase in cybercrime incidents, phishing attacks and ATM hacks has made it even more critical. Here are some good guarantees and practices to follow; Use virtual […]

Bookkeeping

State auditor: Former Des Moines professor of horticulture embezzled nearly $ 20,000 in funds

State auditor Rob Sand’s report says former DMPS horticulture professor Craig Nelson spent $ 19,508.61 on improper disbursements. DES MOINES, Iowa – A former employee of Des Moines public schools has embezzled nearly $ 20,000 in school funds, according to a special investigation by State Auditor Rob Sand. The report identified $ 19,508.61 in inappropriate […]

Financial transaction

SBI will charge cash withdrawal fees beyond four free transactions per month

[ad_1] SBI said it will charge 15 plus GST per cash withdrawal for transactions at bank branches, SBI ATMs or other banks’ ATMs in excess of four free cash withdrawals. The country’s largest lender, State Bank of India (SBI), will charge fees for cash withdrawals beyond four free transactions in a month from customers with […]