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First Solution Money Transfer
First Solution Money Transfer was a UK-based private limited company which provided a money transmitter, money transfer service, providing expatriates the facilities to transfer money back to their family in Bangladesh. In June 2007, the company went into liquidation owing nearly GBP, GB£2 million pounds to the public, the majority of whom were from the Sylhet Division, Sylhet region of Bangladesh. Campaigns organised by various community leaders and the local Member of Parliament have led to investigations of the collapse by the Metropolitan Police and a review of this industry by the government. Tighter regulation in this sector were expected to be introduced by 2009. The government has also indicated support for the setup of a crisis fund to compensate the victims. History According to the records available at Companies House, First Solution Money Transfer was set up as a Private company limited by shares, Limited Company with a share capital of GBP, GB£100 on 14 Apri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Bangladesh
The Government of the People's Republic of Bangladesh ( bn, গণপ্রজাতন্ত্রী বাংলাদেশ সরকার — ) is the central executive government of Bangladesh. The government was constituted by the Constitution of Bangladesh and represented by the president, the prime minister and the cabinet of Bangladesh. The legislature represented by the Jatiya Sangsad, and the judiciary, represented by the Supreme Court of Bangladesh. Bangladesh is a unitary state and the central government has the authority to govern over the entirety of the nation. The seat of the government is located in Dhaka, the capital of Bangladesh. The executive government is led by the prime minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet. The current prime minister is Sheikh Hasina, leader of the Bangladesh Awami League, who was sworn-in by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bengali Language
Bengali ( ), generally known by its endonym Bangla (, ), is an Indo-Aryan languages, Indo-Aryan language native to the Bengal region of South Asia. It is the official, national, and most widely spoken language of Bangladesh and the second most widely spoken of the 22 scheduled languages of India. With approximately 300 million native speakers and another 37 million as second language speakers, Bengali is the List of languages by number of native speakers, fifth most-spoken native language and the List of languages by total number of speakers, seventh most spoken language by total number of speakers in the world. Bengali is the fifth most spoken Indo-European language. Bengali is the official language, official and national language of Bangladesh, with 98% of Bangladeshis using Bengali as their first language. Within India, Bengali is the official language of the states of West Bengal, Tripura and the Barak Valley region of the state of Assam. It is also a second official lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangla TV
Bangla TV ( bn, বাংলা টিভি) is a Bengali-language satellite television channel based in the United Kingdom and Bangladesh. It was established in the United Kingdom on 16 September 1999, targeting Bengali audiences both there and in Europe. It commenced transmissions in Bangladesh on 19 May 2017. History Established on 16 September 1999 by Feroze Khan, Bangla TV is the first Bengali language television channel launched in the United Kingdom. It operated as a subscription-only channel until 2005, following the arrival of Channel S, a rival channel providing a free-to-air service targeting its programming specifically for the Bengali Sylheti community in the United Kingdom. Following the launch of Channel S, Bangla TV also switched over to a non-subscription based model and to date have been providing the service free. In November 2013, Bangla TV gained a license from the Bangladesh Telecommunication Regulatory Commission to broadcast in Bangladesh. It had also re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caveat Emptor
''Caveat emptor'' (; from ''caveat'', "may he/she beware", a subjunctive form of ''cavēre'', "to beware" + ''ēmptor'', "buyer") is Latin for "Let the buyer beware". It has become a proverb in English. Generally, ''caveat emptor'' is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase ''caveat emptor'' and its use as a disclaimer of warranties arises from the fact that buyers typically have less information than the seller about the good or service they are purchasing. This quality of the situation is known as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the seller. It is a short form of ''Caveat emptor, quia ignorare non debuit quod jus alienum emit'' ("Let a purchaser beware, for he ought not to be ignorant of the nature of the property which he is buying from another party.") I.e. the buyer should assure himself that the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrorist Financing
Terrorism financing is the provision of funds or providing financial support to individual terrorists or non-state actors. Most countries have implemented measures to counter terrorism financing (CTF) often as part of their money laundering laws. Some countries and multinational organisations have created a list of organisations that they regard as terrorist organisations, though there is no consistency as to which organisations are designated as being terrorist by each country. The Financial Action Task Force on Money Laundering (FATF) has made recommendations to members relating to CTF. It has created a Blacklist and Greylist of countries that have not taken adequate CTF action. As of 24 October 2019, the FATF blacklist (Call for action nations) only listed two countries for terrorism financing: North Korea and Iran; while the FATF greylist (Other monitored jurisdictions) had 12 countries: Pakistan (see Pakistan and state-sponsored terrorism), Bahamas, Botswana, Cambodi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes. The departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For International Development
, type = Department , logo = DfID.svg , logo_width = 180px , logo_caption = , picture = File:Admiralty Screen (411824276).jpg , picture_width = 180px , picture_caption = Department for International Development (London office) (far right) , seal = , seal_width = , seal_caption = , formed = 1997 , preceding1 = Ministry of Overseas Development (ODM) , preceding2 = Overseas Development Administration (ODA) , dissolved = 2 September 2020 , superseding = Foreign, Commonwealth and Development Office , jurisdiction = United Kingdom , headquarters = 22 Whitehall, London, EnglandEast Kilbride, Scotland , employees = , budget = £13.4bn , minister1_name = , minister1_pfo = , minister2_name = , minister2_pfo = , minister3_name = , minister3_pfo = , chief1_name = , chief1_position = , chief2_name = , chief2_position = , child1_agency = , website = , footnotes = , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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