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GREATEST MONEY LAUNDERING IN BRITAIN:

April 9, 2019 0 COMMENTS

Today, the serious crime of money laundering is performed in every country with different forms of operations involving criminal activity and other illegal activities. Majorly, countries having problems related to policymaking and law implementation, experience plenty of money laundering cases and social instability as well. The list mostly comes under the developing and under-developed nations. Not only the poor countries, but reports show that in countries like the US and UK, money is frequently laundered.

Nigeria is among the countries where there are too many cases of money laundering. The major reason is corruption. Nigeria’s former minister of petroleum was arrested for money laundering recently.

The second in the ranking is Isle of Man with 0% corporation taxes and 20% income tax and is also one of the well-known hotspots of money laundering.

The British Virgin Islands is another greatest country dealing with many money laundering cases; another tax haven. There are many offshore companies legally operating there.

A lax financial system also exists in Cyprus and in a report by EU-commission, it was claimed that millions of dollars are deposited BY Russians to the local banks which are suspected to be laundered money coming from Moscow’s mafia.

A number of serious fraud cases are also reported in Hong Kong. It was reported that there were nine money laundering cases in the first half of this year.

ACE

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Standard Chartered: Massive Profit Rise in 3rd Quarter
November 1, 2019
As being the largest and most renowned bank of the United Kingdome, Standard Chartered has attained a higher growth in the 3rd quarter of this year. At the time when there are many shattering events are happening in the united kingdom so the Bank is still working well. It is the time when the Europeans’ largest bank HSBC is facing so many problems and has suffered from an 18% loss with these operational activities. But standard chartered has found a rise of 16% profit in the same era.Looking at all the factors which played a role for the development of the bank we can take into the discussion as follows: in term of the institutional banking, the growth is about 13% which is $1.87 billion almost. Other factors include that the retails banking in which the bank actually achieved a profit of 4%. It is really great progress which made the bank grow well. Unlike HSBC which has a strong influence in Asian countries too, Standard Chartered has made remarkable progress. Therefore, this is really a sparkling event that got the attention of the whole nation that standard chartered is working well and they have made the history changed.

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ACE Money Transfer is a UK based Company and has been operating in the North West of England since 2002. Our head office was the starting point of the UK success story when we commenced business with retail clients and two business associates but after obtaining our Authorized Payment Institution (API) from Financial Services Authority (FSA) our company is now set to become a global name specializing payment services

Over the past 10 years, by keeping in mind basic necessities of people, understanding that they belong to different cultures and respect their values & norms, finally ACE decided to channelize our network into new dimension by giving opportunities to all communities to send their hard earn money back to their home. We have made this possible through our expanded network of agents, correspondents, partner banks, established branches in Europe, and MTOs (Money Transfer Operators) across the UK, Europe, Africa and Asia in more than 70 countries worldwide to entertain our 2 Million Customers around the globe to send & receive their payments through 200,000 locations that help us to build our credibility and retain customers trust on ACE Money Transfer.

The company success stems from the expertise and market knowledge of its senior management and this will ensure that the company is well positioned to make a positive impact to the market and will be able to sets itself apart from other remittance providers.

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