Banking Articles

Banking supervision directives of Israel

Banking supervision directives of Israel 

Banking supervision directives of Israel (A) The Governor of the Bank of Israel, according to his authority under section 28 of the Banking Law (Licensing) 1981, allows banks to allow their customers to perform transactions in their accounts Certain banking through communication banking systems. However retrieval Information provided by customers, in respect of their accounts, …

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Definition of Retail Investment

Definition of Retail Investment

Definition of Retail Investment Definition of Retail Investment: Retail Investment encompasses the range of products and services offered by a bank to individuals to meet individual banking and ancillary needs. In fact Retail Investment in SIBL delivers diversified financial products and services including savings accounts, salary accounts, deposit schemes,  as well as various lending products …

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Shortfall documentation and others lapses

Shortfall In Documentation And Others Lapses

Shortfall In Documentation And Others Lapses Shortfall In Documentation And Others Lapses.  Lapses : Lapses arise out of any kind of irregularities, misstatements, non-compliances of existing policy & procedures of the Bank, law of the land by which the Bank may incur financial losses. Moreover, sometimes non-compliance of existing policies & procedures may not cause …

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What is trade based money Laundering

What is Trade Based Money Laundering?

What is Trade Based Money Laundering? Definition of Money Laundering  What is money laundering? “Money laundering is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding prosecution, conviction and confiscation of the criminal funds.” UK-Joint Money Laundering Steering Group Guidance …

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Intangible Assets -Meaning-Advantage and Disadvantages

Intangible Assets -Meaning-Advantage and Disadvantages

Intangible Assets -Meaning-Advantage and Disadvantages What is Intangible Assets: Intangible Assets: In accounting and law, intangible assets are nonphysical assets or things of value, such as trademarks, patent rights, copyrights (known collectively as intellectual property), franchise rights, leasehold interests, and noncompete agreements, as well as unquantifiable assets often referred to as goodwill or deferred costs, …

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