Uruguay Against Money Laundering

first_imgBy Dialogo May 16, 2011 In Uruguay, the government is carrying out an active policy against money laundering, where activities such as drug trafficking and terrorism are behind it. In the country, around ninety people face charges for this offense and around two hundred reports of suspicious activity are filed each year. The majority of cases are dismissed. The applicable regulations have expanded the list of organizations and individuals required to report suspicious activity. Banks file the most reports, but casinos, notaries, antiques dealers, auctioneers, and administrators of free-trade zones are also required to do so. Internally, an agreement was signed that will allow the Central Bank to have access to the database of all the country’s taxpayers and adjust its monitoring accordingly. At the same time, the director of the General Tax Directorate, the tax-collecting agency, Pablo Ferreri, announced that work is underway on opening an international office to investigate cases of money laundering reported from abroad. The government has already defined the chief lines of work against money laundering that it will emphasize this year, and property investigation is being prioritized, in order to locate assets belonging to individuals who commit these offenses. For this purpose, U.S. Treasury Department officials were in Uruguay giving courses on property investigation techniques.last_img read more

Serving “overlooked” populations: An opportunity for credit union growth

first_img 65SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Anna Kochkina Anna Kochkina is a Manager a Capstone with over 10 years’ experience in developing financial models and valuations for M&A transactions and conducting equity research for the investment … Web: www.CapstoneStrategic.com Details It’s not uncommon for credit unions to work with non-traditional industries and financially-vulnerable populations. In fact, offering financial services to unbanked people such as recent immigrants and other disadvantaged groups dates back to the credit unions’ beginnings. The first credit unions were formed in Germany in the 19th century and were based on principals of self-help, equality, social responsibility and caring for others. Since then, the credit union industry has played a critical role in serving the underserved, as credit unions are often willing to provide a helping hand to small businesses and individuals that might be overlooked by banks. While the people who formed the first credit unions certainly were not thinking about getting rich, serving these “overlooked” populations has proved to be an avenue for growth for many organizations. Below are three different examples of credit unions reaching non-traditional populations. Credit unions play an active role at times of hardship. During the recent government shutdown, many credit unions established programs to provide access to low- or no-interest loans with favorable repayment terms to an estimated 800,000 families, as well as Native American communities which depend on the Federal Government financing. For example, Navy Federal Credit Union, the largest credit union set up a zero-percent interest rate up to $6,000 for federal government employees. Microfinance programs serving poorer urban and rural areas became an important lifeline for these communities. Minority-owned credit unions account for only 10% of all credit unions in the US according to the NCUA data but provide vital services to low-income clients. For example, Native American-owned credit unions such as Tongass FCU customize lending products for indigenous communities to match the income cycles that are tied to hunting and fishing. Tongass’ assets increased by 10% to $85M in 2018. Some credit unions such as Point West Credit Union of Portland, Oregon, have ITIN lending programs to immigrants without Social Security numbers based on their Individual Taxpayer Identification Numbers (ITIN). For credit unions serving these communities grows membership and income. Point West’s portfolio of ITIN loans increased to $15M in June 2018 from $1.6M in June 2015, while performing as well or better than other loan types in its overall portfolio. As mission-driven organizations, credit unions are well-positioned to address the financial needs of enterprises that traditional banks might dismiss. Realizing potential growth opportunities, more and more credit unions join a small but steadily growing group that offers financial services to the emerging cannabis market. According to the U.S. Treasury Department, first credit union engaged in this line of business in 2014, and, by the end of 2018, 111 credit unions provided services to marijuana related businesses. This, often controversial, industry frequently encounters financial roadblocks, which credit unions are uniquely positioned to address. Credit unions provide the cannabis industry participants with the same financial benefits used by traditional businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. The desire to work with the emerging marijuana market epitomizes the reason credit unions were founded in the first place – to serve underserved or underbanked communities. This is a win-win proposition for both cannabis related businesses and credit unions servicing them. For example, in 2018, Partner Colorado Credit Union’s assets increased nearly 19% to $418m, while credit union median asset growth was 1.7% nationwide.With a foundation based on the principle of people helping people, it’s not surprising to see credit unions thinking of creative ways to serve members. As a credit union leader, do not hesitate to think outside the box when it comes to growing your organization and serving members – brainstorm all possibilities, regardless of how crazy they may seem. As the three examples noted above demonstrate, opportunities that others overlook may be an excellent way to increase engagement and value to members while enhancing your organization’s growth.last_img read more

Avian flu resurfaces in Russian poultry

first_imgJan 29, 2007 (CIDRAP News) – Russia reported its first H5N1 avian influenza outbreak of the season today, as more suspicious bird deaths were reported in Japan and Hungary, where agriculture authorities are battling other recently confirmed outbreaks.The Russian government’s agricultural watch group Rosselkhoznadzor announced today that poultry deaths were reported at three farmsteads in southern Krasnodar territory, RIA Novosti reported. Spokesperson Alexei Alekseyenko told the news agency that samples from the birds tested positive for H5N1 avian influenza.Krasnodar is in southwest Russia near the Black Sea. Reuters reported today that the outbreaks occurred at three settlements, Labinsk, Upornaya, and Borodinskaya, and that further tests on the samples would be conducted in Moscow.Russia’s last confirmed outbreak was in July 2006, according to the World Organization for Animal Health (OIE). The country experienced its first significant poultry outbreak in 2005 but has reported no human cases.Meanwhile, Japan’s agriculture ministry announced today its third avian flu outbreak of the season, this one on a chicken farm in Okayama prefecture, about 340 miles west of Tokyo, according to Agence France-Presse (AFP). The birds have tested positive for an H5 virus, but further tests are pending to determine if it is the lethal H5N1 strain.The announcement came 2 days after the ministry confirmed Japan’s second H5N1 outbreak in poultry, which occurred at a farm in Hyuga in Miyazaki prefecture, Japan’s main chicken-producing region, the Associated Press (AP) reported today. On Jan 26, authorities began slaughtering the farm’s 49,000 remaining chickens, the AP report noted.Hungary’s agriculture ministry today announced a suspected outbreak at a goose farm in the southeastern part of the country, an AP report said. The ministry said authorities culled 9,400 goslings at a farm in Derekegyhaz in Csongrad County after some showed nervous system symptoms, the AP reported. Veterinarians tested the birds for a bacterial infection, but results were negative.Also today the European Union confirmed that the lethal H5N1 virus was the cause of goose deaths on another farm in the same county, as first reported by the Hungarian agriculture ministry 5 days ago, the AP reported. The outbreak marked the first appearance of H5N1 in Europe this winter.WHO confirms human caseOn the human H5N1 disease front, the World Health Organization (WHO) today confirmed that a 6-year-old girl from Indonesia’s central Java province died of avian influenza. Her case was announced by the Indonesian government Jan 25. She fell ill Jan 8 and died in the hospital 11 days later. Investigators reported that she had been exposed to dead poultry, the WHO said. Her illness was Indonesia’s 81st case and 63rd fatal one.In Azerbaijan, health officials said a 14-year-old boy who was hospitalized with suspected avian flu died yesterday before his diagnosis could be established, Reuters reported today. The story said he was the brother of a girl who died of H5N1 disease last year, but an AFP report said the two were cousins. They lived in the southern region of Salyan.Three initial tests indicated only that the boy had pneumonia, Anar Kadyrly, a health ministry spokesman told Reuters. He said samples were sent to a WHO laboratory in London for further testing.Meanwhile in Nigeria, a health ministry official said today that the country is conducting H5N1 tests on samples from 14 patients, including 3 who died suspiciously and 11 who were exposed to them, Reuters reported.Two of the samples are from a mother and daughter from Lagos who died within 2 weeks after eating chicken bought from a live-chicken market during the holidays. According to a previous AllAfrica News report, the family had slaughtered the chickens they bought after one died mysteriously. The third fatality from suspected avian flu is a woman from remote Taraba state who died after experiencing flu-like symptoms.Abdulsalam Nasidi, a Nigerian health official, said the samples were being tested at a laboratory in the Nigerian capital, Abuja.However, Gregory Hartl, a WHO spokesperson in Geneva, told the AP that preliminary tests came back negative and that samples were sent to a British lab for more testing. “The early results are encouraging, but we won’t know anything definitive until later this week,” he said.In other developments, the avian flu virus infecting people in Indonesia this year hasn’t mutated into a strain that poses a higher risk to humans, Bloomberg News reported today. Georg Petersen, a WHO representative in Indonesia, told Bloomberg the WHO has not detected any alarming mutations in the virus, which has claimed five lives in Indonesia so far this year.“We don’t see these new cases coming in January as any major situation,” Petersen told Bloomberg. “It’s too few cases to say there’s a trend.”See also:Nov 22, 2006, FAO avian flu bulletin with chart of H5N1 outbreaks by countryhttp://www.fao.org/docs/eims/upload/217700/aidenews_nov06_no44.pdflast_img read more

Centre of attention: Shell revamp in detail

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Trump retweets #FireFauci after coronavirus scientist comments

first_imgUS President Donald Trump retweeted a call to fire Dr. Anthony Fauci after the nation’s top expert on infectious diseases said lives could have been saved if the country had shut down sooner during the novel coronavirus outbreak.Trump retweeted a message Sunday from a former Republican congressional candidate who cited Fauci’s comments during a television interview on Sunday and tweeted “time to #FireFauci.”Sorry Fake News, it’s all on tape. I banned China long before people spoke up. Thank you @OANN https://t.co/d40JQkUZg5— Donald J. Trump (@realDonaldTrump) April 12, 2020The Republican president in the past has repeated critical tweets of officials or enemies rather than make the criticism himself. The retweet fueled speculation Trump was running out of patience with the popular scientist and could conceivably fire him. Already a target of the far-right for his contradictions of Trump, Fauci drew more opprobrium after the comments.Trump also denounced the New York Times story in several tweets on Sunday, calling it “A Fake.”Last week during the daily White House coronavirus briefing, Trump stepped in and prevented Fauci from answering a question about hydroxychloroquine.Fauci, 79, has led the federal infectious disease agency since 1984 under Republican and Democratic presidents. Republican George W. Bush honored him with the presidential Medal of Freedom in 2008.Some polls during the public health crisis have shown Americans trust him more than Trump. Topics :center_img The White House did not immediately return a request for comment on whether Trump is unhappy with Fauci.Fauci has assumed national prominence as a leader in the fight against the coronavirus. He has contradicted or corrected Trump on scientific matters during the crisis, including whether the anti-malaria drug hydroxychloroquine is effective against it.Fauci was asked on CNN’s “State of the Union” about a New York Times report documenting early warnings issued to the White House about the novel coronavirus. The scientist acknowledged shutting the country down sooner could have saved lives, but cautioned that a number of factors were involved.On #CNNSOTU with @jaketapper, Dr. Anthony Fauci says that an earlier shutdown “could have saved lives” https://t.co/sG4EffrSUa— State of the Union (@CNNSotu) April 12, 2020″Obviously, it would have been nice if we had a better head start, but I don’t think you could say that we are where we are right now because of one factor,” Fauci said. “It’s very complicated.”last_img read more

Governor Wolf Signs Anti-Hazing Bill, Four Others Into Law

first_img Bill Signing,  Press Release,  Public Safety,  Results,  Schools That Teach Harrisburg, PA – Governor Tom Wolf today signed new legislation that will strengthen Pennsylvania school districts’ ability to crack down on hazing, and require school boards to adopt anti-hazing policy. House Bill 1574, sponsored by Rep. Ron Marsico, amends the current Anti-Hazing Law of 1986.“This expansion of the current anti-hazing law, which currently applies only to institutes of higher education, is a huge step in keeping Pennsylvania students protected from bullying and abuse,” Governor Wolf said. “Children need to feel safe during the school day, as well as after school, in order to achieve the highest educational success. This bill will allow schools take necessary steps to help ensure that.”HB 1574 takes several steps to address hazing issues in schools:• Expands the current law to apply to secondary schools, defined as any public or private school providing instruction to grades 7 through 12• Amends the definition of hazing to apply the prohibited behaviors to any person, rather than only a student• Requires each governing board of a secondary school to adopt a written anti-hazing policy and to provide this policy, along with the school’s rules, penalties, and program enforcement, to all athletic coaches involved with the school’s programs• Requires each governing board of a secondary school to post its written anti-hazing policy on its website• Amends the enforcement and penalties subsection of the law to provide that expulsion may also be a penalty for a violation of the institution’s anti-hazing rulesThe new law will take effect on July 25, 2016.Governor Wolf also signed four other bills into law, including:Act 28 – House Bill 944, sponsored by Rep. Taylor, amends the Community & Economic Improvement Act streamlining operation of neighborhood improvement districts, within cities of the first class.Act 29 – House Bill 1200, sponsored by Rep. Taylor, repeals a 1903 law that was moved by a subsequent statute but was never repealed.Act 30 – House Bill 1310, sponsored by Rep. Donatucci, amends Title 35 (Health & Safety), in emergency telephone service, providing for prohibited release of information.Act 32 – House Bill 1788, sponsored by Rep. White, amends the Community & Economic Improvement Act providing for special financing assessments. Governor Wolf Signs Anti-Hazing Bill, Four Others Into Law May 24, 2016center_img SHARE Email Facebook Twitterlast_img read more

Dutch dentists scheme settles with trade body after legal verdict

first_imgSnijder – who became acting chair after Stan Hoovers died early last year – has the support of the majority of the pension fund’s accountability body.However, in a letter to the pension fund’s participants, BPVT chair Peter Czaikowsky, accused SPT’s board of wanting to curtail the reach of the occupational association, including its ability to appoint, suspend, and dismiss board members.According to Czaikowsky, an independent survey had made clear that this was legally impossible.In the opinion of the BPVT, SPT’s board didn’t sufficiently co-operate in finding a successor for Hoovers, after it had nominated dentist specialist Han Bakker for the position, bypassing Snijder who was also a candidate.Snijder, however, argued that SPT’s board didn’t support the association’s nomination, “as Bakker lacked experience as a pension fund trustee, and an appointment wouldn’t have received approval of supervisor DNB”.He added that he wasn’t bothered by not being the association’s first choice as chairman.As a result of the settlement, Bakker will join the board as a candidate trustee as of 1 July and will receive a fast-tracked education for chairmanship as of 1 January.In addition, the board of the dentists scheme will be extended with a fifth trustee to start as of 1 October.Both parties have agreed that they would try to solve their dispute about the role of the BPVT within a year, and that the occupational association “in principle” cannot fire board members.The settlement, however, doesn’t address the BPVT’s objection to the pension fund’s decision to increase the annual fixed increase of pension rights from 0.85% to 1.15%.Czaikowsky claimed that SPT had changed its rules unilaterally and without the required permission of the occupational society. In his opinion, the indexation rise would increase the likelihood of future rights cuts.SPT chair Snijder, however, suggested that the BPVT didn’t properly understand the issue, pointing out that the increase followed an asset-liability management model based on the legally allowed parameters for expected returns.“Last year, we had surplus returns of more than 2%,” he said. The €1.9bn Dutch pension fund for dentists (SPT) and its occupational association (BPVT) have in part settled a dispute about the composition of the pension fund’s board.The settlement came after a legal verdict in a case – brought by SPT at the court in Utrecht – about the exact responsibilities of the association in relation to the pension fund.Occupational schemes, such as for those for dentists, general practitioners and pharmacists, have trade bodies that must reflect support among the occupation for mandatory participation. The associations also have input into pension arrangements.In the opinion of SPT’s board, however, since the closed occupational scheme was no a longer a mandatory one, the legal responsibilities of the association were limited to making nominations for appointments or dismissals of board members, said Meilof Snijder, SPT’s temporary chairman.last_img read more

Older Women, Younger Men: Is There Still a Double Standard?.

first_img Share 68 Views   no discussions Share LifestyleRelationships Older Women, Younger Men: Is There Still a Double Standard?. by: – April 5, 2011 Tweetcenter_img Share Sharing is caring! I’ll admit it: I’ve always had a sugar daddy complex — I actively dated men who were at least 10 years older than me in the hopes that I’d meet the one who would ultimately become my husband.I know what you’re thinking… I’m a gold digger, a money grubbing w—- who used my feminine wiles to trap a man with deep pockets.And that’s where you’re wrong.I’ve always liked older men because they seem to have an air of confidence and sense of self that younger men are still in search of.Having amassed a certain level of economic independence affords them the opportunity to leave that race to succeed and temporarily focus on life’s more important issues.For me, marrying a man who is fifteen years older was more about being with someone who had already done the whole rat race career track and was more interested in starting a family and focusing on his kids.For centuries, older men have been marrying and shacking up with younger women and no one bats an eyelash.Hollywood is rife with these couplings: Larry King and his wifeves, Jack Nicholson and every baby mama he’s knocked up, Warren Beatty and Annette Benning, and the newest couple: Sean Penn (50) and Scarlett Johansson (25). The list is long.Yet when an older woman gets involved with a younger man, she’s labeled a cougar and society can’t conceive that a younger man could possibly find her attractive and lovable, were she not sitting on a huge wad of dollar bills.Perhaps these younger men, just like me, are seeking a mate who is secure in her person, who’s achieved a level of success that permits her to focus us on other areas of her life and invest more so in love and family (as is the case with me and my older guy).What it boils down to is this: all relationships, be it older women and younger men and older men and younger women, work because both parties are invested in them for their own individual reasons.Yet while we accept an older man coupling with a younger woman, why do we take jabs at older women who are doing the same thing?Why do we brand them cougars, insinuate they’ve been sitting in a plastic surgeon’s armchair far too long and that their younger male counterparts are merely shtooping them for the green stuff? Madonna and Jesus Luz were treated like a complete joke.Sure, there’s Demi Moore, the Queen of the Cougars, and her “cub” Ashton Kutcher — but it seems like everyone is waiting for Ashton to cheat (again?) at any minute.Why is there STILL a double standard?Source: Yahoo Shinelast_img read more

Stabbing victim lands in hospital

first_imgThe 36-year-old resident JunardDenicolas sustained a stab wound on the body, a police report showed. v According to police investigators,Bigcas was drunk when he stabbed Denicolas using a bladed weapon around 1:30a.m. on Oct. 4.  The motive in the incident was notimmediately established. BACOLOD City – In BarangayMansilingan, a man was stabbed.center_img Police identified the suspect as20-year-old resident Kent Jay Bigcas. Denicolas was brought to the BacolodAdventist Medical Center for treatment. Police officers, meanwhile, conducteda manhunt operation against Bigcas, who fled after the incident./PNlast_img

Douglas Hickey

first_imgMemorial contributions may be directed to the American Cancer Society.  To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Douglas Hickey. Douglas Hickey, of Milan, was born on March 28, 1941 in Clark County, Indiana, the son of Odus and Martha LaFever Hickey.  After serving his country with the United States Army, he married Mary Schmid on June 16, 1966 at Versailles Baptist Church.  Douglas went on to work for Batesville Casket Company for 33 years, retiring from there in 1999.  He stayed busy with his hobbies after retirement and enjoyed working on cars.  Douglas loved spending time with his family, especially when it included fishing, camping and traveling across the country.  On Sunday, June 18, 2017, at the age of 76, Douglas passed away at his residence. Friends may visit with the family on Monday, June 26, 2017 from 1p.m. until time of service at 3 p.m. at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman.  Burial will follow in Craven Cemetery in Milan.center_img Those surviving who will cherish Douglas’ memory include his loving wife of 51 years, Mary Hickey; sons, Daniel (Tracy) Hickey of Jacksonville, FL, and Lonnie Hickey of Sunman; a granddaughter, Rebecca Germana; a grandson, Jason (Debb) Hickey; great grandchildren, Olivia Germana and Colin Dean Hickey; one sister, Carol Kelly of Austin, TX, and one brother, Floyd Hickey of Underwood, IN.  Besides his parents, he was preceded in death by one sisters and three brothers.last_img read more