Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Posts Tagged ‘money’

New EU-wide penalties for money laundering

Posted by fidest press agency su giovedì, 14 dicembre 2017

Banca europea per gli investimentiNew measures to step up EU fight against money laundering and narrow the scope for organised crime were agreed by the Civil Liberties Committee on Monday.MEPs seek to introduce EU-wide definitions of money laundering related crimes, including practices that are not currently deemed a crime in in all EU countries, such as “self-laundering” (i.e. where a person who has committed a crime tries to hide the illicit origin of those proceeds).
They also seek an EU-wide minimum term of imprisonment of at least two years in cases with aggravating factors, such as organised crime. Where a judge passes the national maximum jail sentence, it would have to be of at least five years.The aim is to step up cooperation between member states, as the lack of uniform definitions and penalties currently allows criminals to exploit these differences and commit crimes where penalties are lowest.
MEPs added a range of new EU-wide penalties for those convicted of money laundering, as compared to the EU Commission’s proposal. These include:
· barring those convicted from running for public office or holding a position of public servant,
· banning businesses and other legal persons from signing contracts with public authorities, and
· confiscating property and other assets.
The legislative resolution was passed with 39 votes in favour and 4 abstentions.
Parliament’s rapporteur on the file, Ignazio Corrao (EFDD, IT), said: “Today’s vote marks an important milestone in the fight against organised crime at a European level. This directive will deprive criminals of their most important asset, money, and it will make it more difficult for criminal organisations to launder the profits of their criminal activities in the legal economy of the EU. Parliament also clearly stated that imprisonment cannot be the only penalty and provided for new additional measures such as confiscation or the ban on entering into contracts with public authorities or running for elected offices.”
The Civil Liberties Committee also backed a mandate for MEPs to open negotiations with EU governments. The talks will start once the mandate has been endorsed by Parliament as a whole. Following final approval of the directive, member states will have one year to transpose it into their national laws (as against two years in the original Commission proposal).

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Charities told: stop apologising for raising money, and work together to address media criticism

Posted by fidest press agency su domenica, 25 ottobre 2015

Charities should stop apologising for fundraising and should work together to develop an effective strategy against negative media coverage. This was the message from a Q&A session with Dan Pallotta – entrepreneur, author and humanitarian activist – following the opening plenary at the Resource Alliance’s International Fundraising Congress (IFC) yesterday. The Q&A session was held after the IFC opening plenary which saw 1,000 fundraisers, leaders and change-makers from around the world gather together to hear from Dan on issues including innovation with purpose, risk and the need for more investment in charity fundraising and marketing.Strategies to address negative media coverage, such as those which have plagued the UK charity sector over recent months, were clearly on the minds of IFC delegates, with more than half of the questions to Dan being focused on this issue. His words of advice included:“When the media challenges a charity, all other charities head for the hills as they don’t want to be associated with it. There should be a national voice to respond to claims on behalf of the sector as a whole, and yet in many cases there isn’t.”“The non-profit sector in the US is a trillion dollar sector but we’ve never once taken out a full-page ad in the New York Times to say anything to the public about the issues that affect us.”“The Charity Defense Council has started doing an ‘I’m Overhead’ ad campaign, which explains the role of fundraising and other staff, and states, ‘don’t ask if a charity has low overheads, ask if it has big impact’.”“Charities need to get methodical about it. We can’t just sit around and wonder ‘why things don’t change’ because not only are we not doing anything to change them, we’re actively working to prevent them from changing.”“It’s encouraging that we’re having this conversation because 10 years ago it wouldn’t have even occurred to us, but we need a battle plan for dealing with it. Charities need to work together to figure something out for the long-term.”
“What are the messages? There are common sense ways to speak to the public, which they will respond positively to. For example, in addition to the “I’m Overhead” adverts we have another campaign that we are going to run that asks the general public – ‘do you want to be the only donor’. Because if people actively discourage their charities from fundraising they are saying that they don’t want them to find other donors. Do people want to bear all the burden and for their charities to be completely dependent on them alone? I doubt it. When you explain this, it introduces a new way of thinking to them and they will understand why investment in fundraising and marketing is so important.”

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Money laundering: Parliament and Council negotiators agree on central registers

Posted by fidest press agency su mercoledì, 17 dicembre 2014

commissione europeaThe ultimate owners of companies would have to be listed in central registers in EU countries, accessible to people with a “legitimate interest”, such as investigative journalists and other concerned citizens, under a deal struck by Parliament and Council negotiators on a draft EU anti-money laundering directive on Tuesday. The rules would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients.”For years, criminals in Europe have used the anonymity of offshore companies and accounts to obscure their financial dealings. Creating registers of beneficial ownership will help to lift the veil of secrecy of offshore accounts and greatly aid the fight against money laundering and blatant tax evasion”, said Economic and Monetary Affairs Committee rapporteur Krišjānis Kariņš (EPP, LV).”The new rules agreed today will provide much greater transparency of the shadowy business structures that are at the heart of money laundering schemes, as well as schemes used by businesses to avoid their tax responsibility”, added Civil Liberties Committee rapporteur Judith Sargentini (Greens/EFA, NL).The fourth anti-money laundering directive (AMLD) will for the first time oblige EU member states to maintain central registers listing information on the ultimate beneficial owners of corporate and other legal entities, as well as trusts. These central registers were not envisaged in the European Commission’s initial proposal, but were included by MEPs during the negotiations. The aim is to enhance transparency, make dodgy deals harder to hide and fight money laundering and tax crime.The central registers would be accessible to the competent authorities and their financial intelligence units (without any restriction), to “obliged entities” (such as banks conducting their “customer due diligence” duties), and also to the public, which may be subject to online registration of the person and to the payment of a fee to cover administrative costs.Any person or organisation who can demonstrate a “legitimate interest”, such as investigative journalists and other concerned citizens, would also be able to access beneficial ownership information such as the beneficial owner’s name, month and year of birth, nationality, residency and details on ownership. Any exemption to the access provided by member states would be possible only on a case-by-case basis in exceptional circumstances.The deal also clarifies the draft rules on “politically-exposed persons”, i.e. people at a higher than usual risk of corruption due to the political positions they hold, such as heads of state, members of government, supreme court judges, and members of parliaments, as well as their family members. Where there are high-risk business relationships with such persons, additional measures should be put in place, e.g. to establish the source of wealth and source of funds involved.

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Ding offers convenient alternative as the cost of money remittance increases for Indians

Posted by fidest press agency su sabato, 6 dicembre 2014

india-travel-insuranceAs India introduces a tax on traditional money remittance, ding* reminds people of the complimentary service of international mobile top-up to transfer value home.
India has started levying a service tax on “fees or commissions” charged by banks and financial institutions in a push to raise Rs 3,700 ($6 billion) for the cash-strapped Indian Government. The tax will see an additional 2% charge on all money remittance sent into India increasing the cost of sending money home for Indians living abroad. These increased costs leave the Indian Diaspora looking for alternatives including the illegal hawala route. It is feared the move may even spark a curtailment in remittances as a whole, which in turn would hit the country’s forex reserves.International top-up has long been seen as a convenient compliment to money remittance. The ability to deliver airtime directly to the mobile phones of loved ones makes it easy for the Indian Diaspora to support home. Mark Roden, founder of ding*, the world’s largest international top-up provider says, “This increase in tax will further burden Indians working away from home who send support home. We remind the Indian Diaspora of the convenience, speed and safety of sending mobile top-up as an alternative way to let their loved ones know they’re thinking of them.”ding* allows the instant transfer of value to mobile phones in India, primarily sent by the Diaspora working in the Gulf and UAE regions. The service is available on http://www.ding.com, the ding* apps and from 500,000 retail outlets around the world. ding* also offers a phone-to-phone service allowing the transfer of credit directly from one phone to another.
According the World Bank there is almost $600 billion in money remittance sent globally and India is the highest receiver with $70 billion being sent to India every year. Big players in the remittance market are sure to resist this fee and ding* would fully support them, as the company are fully dedicated to making sending help home as easy as possible for migrant workers. For the time being, ding* continues to offer the Diaspora a convenient compliment that not only allows Indians to add value directly to their loved ones mobile phones. “If only for that one day – this simple gesture makes their lives that little bit better.” adds Roden.
As the world’s largest top-up provider, ding* safely delivers a top-up every second of every day. Created to help people living abroad to support loved ones back home, the company is directly connected to 300 mobile operators in over 130 countries with a reach of over 3.5 billion phones. People can send top-up on http://www.ding.com, the mobile app and in more than 500,000 retail locations around the world.ding*employs 200 people and is headquartered in Dublin, Ireland with regional offices in Miami, Dubai, San Salvador, Bucharest, Barcelona and Dhaka.It’s been a busy month for Founder & CEO, Mark Roden as in addition to receiving the EY Entrepreneur of the Year Award for 2014 he was named Business and Finance Business Person of the Month for October. He has also secured his company’s place as the world’s largest international top-up providers after acquiring RecargasaCuba.com, a website specialising in mobile top-up exclusively to Cuba.

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Civil Liberties Committee makes it easier to confiscate crooks’ assets EU wide

Posted by fidest press agency su venerdì, 10 maggio 2013

Draft rules to make it easier for national authorities to freeze and confiscate criminals’ assets across the EU were beefed up by the Civil Liberties Committee on Tuesday. However, MEPs also sought to safeguard the right to a fair trial. They also called upon member states to use confiscated assets to fight crime and for social projects. The draft law, which must still be negotiated with national governments, is part of a broader EU strategy to fight fraud and corruption.”‘Follow the money across the border’ should be the driving priority if we want to trace funding for organised crime and terrorism effectively and efficiently. Confiscating criminals’ assets, even where a criminal conviction is not possible, is clearly necessary to recover the proceeds of crime”, said lead MEP Monica Luisa Macovei (EPP, RO).Today, less than 1% of the proceeds of crimes such as drug trafficking, counterfeiting, human trafficking and small arms smuggling are frozen and confiscated. Most of this “dirty money” is laundered and channelled into the licit economy, often in several member states.The new rules would enable national authorities quickly to identify and trace such assets – such as cash held in bank accounts, real estate, vehicles, livestock, artworks, company shares, businesses, and collector’s items – and to freeze, manage and confiscate them consistently across the EU.

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I soldi sporchi

Posted by fidest press agency su sabato, 10 dicembre 2011

Money for Nothing (film)

Image via Wikipedia

Secondo l’FMI il denaro sporco muove tra il 3 e il 5% del Pil del pianeta, pari a una cifra che oscilla tra 600 e 1500 miliardi di dollari solo negli Usa, come dire: l’intera economia italiana.
E secondo Bankitalia, in Italia l’industria del riciclaggio rappresenta da sola il 10% del Pil, ossia 150 miliardi di euro. «Il riciclaggio – ha detto il vice direttore generale Anna Maria Tarantola – è una sfida per il Paese». In gioco è «la tutela dell’integrità del sistema finanziario». Ma su scala internazionale vi sono allarmi ancor più preoccupanti. È passata quasi inosservata la denuncia pubblica di Antonio Maria Costa – per otto anni, fino al 2010, direttore dell’Unodc – secondo cui con il denaro del narcotraffico sarebbero state salvate «numerose banche» coinvolte nel crac finanziario del 2008 di Lehman Brothers. A fronte di debiti per 1400 miliardi di dollari, una boccata d’ossigeno per il mondo della finanza in crisi sarebbe arrivata da oltre 350 miliardi di narcodollari. Del resto nella severissima America, prima del Patriot Act diverse banche erano state coinvolte in casi di riciclaggio: il più eclatante quello della Wachovia che in tre anni ha favorito il riciclaggio di 378 miliardi di narcodollari dei cartelli messicani.
Per un lettore comune è sconvolgente scoprire che gli stessi Stati uniti e l’Europa sono disseminati di staterelli che costituiscono dei buchi neri per la tracciabilità dei capitali. Dal Delaware, dove nascondono i soldi grandi Corporation e faccendieri italiani, all’Austria che ha l’anomalia di 25 milioni di conti anonimi su una popolazione di appena 8 milioni di persone. Alla garantista Inghilterra dove un solo ufficio di cambio ha smerciato 4 milioni di euro in banconote da 500, più di un colosso bancario. Un mondo popolato da figure sfuggenti, dai magnati della mafia russa che agiscono in mezzo mondo, ad avvocati d’affari come il tedesco Herbert Batliner, coinvolto nello scandalo dei fondi neri della Cdu, nel riciclaggio di 15 milioni di euro di un narcos, ma condannato solo per una mega evasione da 250 milioni. Quanto ai tanto vituperati paradisi fiscali, la guerra lanciata da Obama due anni fa, e più recentemente da Sarkozy e Merkel, ha prodotto ben miseri risultati. All’ultimo G20 la Cina ha ottenuto che non si accendessero i fari su Hong Kong e Macao. Sono solo alcune delle storie e dei dati con cui il libro racconta le forme e le figure del riciclaggio, dai paradisi fiscali a quelli virtuali fino ai money transfer, e dai banchieri fino ai semplici prestanome. I confini della complicità sono sfuggenti, la lotta è impari. Ma il messaggio è chiaro: bisogna colmare un deficit culturale e legislativo fra i vari Stati, per contrastare un fenomeno che per dimensioni e pervasività è diventato la minaccia più grande al sistema economico mondiale.

Posted in Economia/Economy/finance/business/technology | Contrassegnato da tag: , , , | 1 Comment »

G20: Seoul and the energy revolution

Posted by fidest press agency su lunedì, 15 novembre 2010

Seoul The G20 has once again failed to take the path of green development that the world economy and the environment desperately needs, Greenpeace said today.  Governments fought over currencies and trade, but effectively ignored the clean energy revolution that can boost economies, create jobs, cut emissions and stop another global crisis – climate change.  Questioning the G20´s ability to follow through on its promises, Mittler continued: “The G20 is not even keeping its own promises, such as the commitment made last year to cut fossil fuel subsidies. If this group doesn´t act to cut the billions in taxpayers money handed out to big oil and coal before the next meeting in France, the G20 will prove irrelevant to this urgent task.” This would be a tragedy, as the International Energy Agency (IEA) estimates cutting fossil fuel subsidies would result in a cut of two gigatonnes of CO2 – or 5.8% of global energy-related climate changing CO2 emissions.Despite the Korean host’s pledge to prioritise following up previous commitments, leaders in Seoul failed to take any significant steps forward. “The G20 is failing to walk its talk at a time when subsidies to the tune of $100 billion per year continue to line the pockets of big oil and coal in the developed world alone” said Mittler. By merely “welcoming” the findings of the UN Secretary General´s Advisory Group on Climate Change Financing, (3), the developed country members of the G20 failed to start delivering on the promise to provide $100 billion per year by 2020 to fund developing country climate action – and adaptation. Governments should have agreed a roadmap on how they will implement innovative financial sources – such as a cutting fossil fuel subsidies and taxing air travel – to deliver $100 billion for a clean economy and climate protection.  “The G20 say that they ´commit to stimulate investment in clean energy technology´(4) – but how serious are they?” asked Mittler. “Eight million jobs could be created by 2030 if governments truly backed renewable energy and energy efficiency. In Seoul, they merely recycled old economic ideas and tried to pass them off as new by adding a green tinge.”

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For mobile money transfers

Posted by fidest press agency su martedì, 4 maggio 2010

Nairobi, Kenya in  7 May, 2010, 4 Conference and Expo. Helsinki, Finland Valimo, the global market leader in Mobile ID solutions and Trivnet, provider of the most powerful transaction management platform for delivering secured Mobile Financial Services (MFS), today announced plans to demonstrate a mobile money transfer solution utilizing Valimo’s Mobile ID technology to deliver highly secure mobile financial services. International laws regulate money transfers with strict demands for strong authentication of transaction parties. The combined solution, with its powerful identification that helps to stop fraud and money laundering, will be demonstrated at the Mobile Money Transfer Africa 2010 Conference and Expo this week in Nairobi. Mobile ID users are able to securely log in to online services, sign documents and confirm transactions by using their mobile phones. As people typically have their mobile phones with them at all times, a legally binding digital signature is easily done regardless of time or place. As the applications are on the SIM card, they work with all GSM devices with a SIM card. Valimo Mobile ID can be used for all services that require personal authentication, identification or a legally binding signature. It is based on Public Key Infrastructure (PKI). Valimo is the global market leader in Mobile ID solutions in terms of both installation base and number of active users. Valimo solutions are used by operators, banks, enterprises, public sector, e-commerce and other service providers throughout the world.Valimo and Trivnet will showcase mobile money transfer solution with strong user authentication at the Gemalto stand at the Mobile Money Transfer Africa 2010 http://www.valimo.com.

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