The Relationship between a Unified Financial Condition Index and Major Foreign Currency Markets

2018 ◽  
Author(s):  
Ikhlaas Gurrib
Keyword(s):  
Foreign Currency ◽  
Condition Index ◽  
Currency Markets ◽  
Financial Condition ◽  
The Relationship

Business Process Model for Monitoring the Automatic Payments in the "Client-Bank" System

2021 ◽  
pp. 18-28
Author(s):  
Olha V. Kuzmenko ◽  
Serhii V. Mynenko ◽  
Serhii V. Lyeonov ◽  
Aleksy S. Kwilinski
Keyword(s):  
Money Laundering ◽  
Business Process ◽  
Process Model ◽  
Foreign Currency ◽  
Business Process Model ◽  
Financial Condition ◽  
Tax Payments ◽  
Financial Monitoring ◽  
Bank System ◽  
Legal Entities

The innovative development of banking presupposes modernization in the approaches to anti-money laundering. The article considers the issue of financial monitoring of banking operations without bank employees’ participation through the "Client-Bank" system. Two models for monitoring the automatic payments in the "Client-Bank" system are identified. The list of functions performed by the "Client-Bank" system in terms of types of clients: individuals and legal entities (including individuals-entrepreneurs) was determined. The first model describes general indicators of transactions that have the risk of money laundering. The second model focuses on the specific features of the "Client-Bank" system functionality for legal entities or individual entrepreneurs. Several criteria for the riskiness of the operation in terms of money laundering are considered. The developed business process model takes into account the verification of the participant's affiliation to countries that do not implement or improperly implement the recommendations of intergovernmental organizations, the participant's affiliation to politically significant or related persons and the withdrawal of capital abroad, including offshore areas . In addition, checks of financial condition of counterparties, regularity of receipts of payments and cash withdrawals, circulation of foreign currency, loan repayment, receipt of a significant amount of cash, ip-address of the client and description of the transaction are included. A feature of the business model for legal entities is the verification of NACE compliance, analysis of the number of contractors, analysis of the timeliness of tax payments. Directions for further development of this study identify the possibility of intellectualizing the financial monitoring system and improving the regulatory framework in the system "Client-Bank" to enhance the system of anti-money laundering in banking institutions.

Dual foreign currency markets and the role of expectations: Evidence from the Pacific Basin countries

2007 ◽  
Vol 21 (2) ◽  
pp. 238-259 ◽  
Author(s):  
Panayiotis F. Diamandis ◽  
Georgios P. Kouretas ◽  
Leonidas Zarangas
Keyword(s):  
Foreign Currency ◽  
Pacific Basin ◽  
Currency Markets ◽  
The Pacific

The Relationship Between Credit Card Use Behavior and Household Well-Being During the Great Recession: Implications for the Ethics of Credit Use

2017 ◽  
Vol 28 (2) ◽  
pp. 213-224 ◽  
Author(s):  
Jennifer L. Hunter ◽  
Claudia J. Heath
Keyword(s):  
Great Recession ◽  
Credit Card ◽  
Multinomial Logistic Regression ◽  
Economic Recession ◽  
Well Being ◽  
The Great Recession ◽  
Financial Condition ◽  
Use Behavior ◽  
The Relationship ◽  
Credit Card Use

This article uses a random digit dial probability sample (N = 328) to examine the relationship between credit card use behaviors and household well-being during a period of severe economic recession: The Great Recession. The ability to measure the role of credit card use during a period of recession provides unique insights to the study of credit behavior because of the knowledge that all respondents have the same macroeconomic constraint. Framed by the assumptions of the permanent income hypothesis and the life-cycle savings hypothesis, multinomial logistic regression was used to estimate the relationship between credit card use behaviors and three measures of household well-being: emotional well-being, financial well-being, and general household financial condition.

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