New report highlights risk of money laundering in Lithuania

first_img Subscribe to the iGaming newsletter Email Address Topics: Casino & games Legal & compliance Lottery Sports betting Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lithuania’s land-based casino industry faces a “very high” risk from money laundering, while the remote gambling sector faces a high risk, according to a risk assessment carried out by the country’s government. Casino & games Lithuania’s land-based casino industry faces a “very high” risk from money laundering, while the remote gambling sector faces a high risk, according to a risk assessment carried out by the country’s government.Risk levels for each aspect of Lithuania’s gambling industry were determined through “data from a variety of international and national sources”, international studies and reports and statistics provided by a sample of gambling businesses. The country’s Financial Intelligence Unit, supported by supervisory and law enforcement authorities, also contributed to the study.According to the report, the risk of money laundering for casinos, defined as the “attractiveness and ability of criminals to exploit a specific medium to launder criminally obtained property” was rated as the maximum 4 on the report’s 1-4 scale.“The casino sector is exposed to risk because the activity is based on a significant number of cash flows, which is attractive for organized crime groups, PEPs [politically exposed persons] and those coming from high-risk countries to launder money,” the report explained. “The Modus operandi is easy to implement as it requires basic planning and basic knowledge of how gambling systems work.”The risk level for slot machine parlours, betting and online gambling were all rated as a 3, indicating a high risk.“The online gambling industry is attractive for ML due to the high volume and fast execution of transactions (including cross-border transactions) as well as low identification requirements, which allows criminals to easily convert illegal funds into legitimate gambling earnings,” the report concluded.For lotteries, the risk was rated as 2, indicating a medium risk.The report also rated the vulnerability of each medium to money laundering, based on the “totality and effectiveness of measures aimed at preventing the realization of a money laundering risk, taking into account the scale and perception of the risk”. Once again this used a 1-4 scale, with a 4 indicating the most vulnerable.For land-based casinos, betting and slot parlours, this was rated as a 3 for high vulnerability.“Casinos allow only cash operations and do not verify the source of funds,” the government said said. “In addition, the sector has difficulties in performing customer due diligence (there is no evidence that all casinos would employ systems to identify related transactions of players), sanction checks and PEP identification.“Also, some casinos have customers from sanctioned or high-risk countries, such as Iran and Syria. However, casinos are the most aware of money laundering risks in comparison with other gambling sectors.”The report added that the country’s Gambling Supervisory Authority was ill-equipped to deal with the threat of money laundering in casinos.“The number of investigations carried out by supervisory authorities during 2016-2018 is insufficient and not proportional to the risk of the sector. This might be caused by the lack of human resources of the supervisory authority, which has only three employees dedicating only 15% of their time for [money laundering and terrorist financing] supervision within the sector.”The report suggested allowing casinos, slot parlours and betting to use debit cards for more easily traced transactions, setting limits on cash deposits, the usage of player cards to track each player’s gambling activity and “secret shopper” style inspections from the Supervisory Authority.Remote gambling and lotteries were both rated a 2 for medium vulnerability, though the report noted that some online operators have stricter anti-money laundering requirements than others.The report marked the second time Lithuania had completed a National Money Laundering and Terrorist Financing Risk Assessment, with a previous iteration in 2015. Tags: Mobile Online Gambling Payments Slot Machines Regions: Europe Baltics Lithuania New report highlights risk of money laundering in Lithuania 28th May 2020 | By Daniel O’Boylelast_img read more

The Co-operative Bank of Kenya Limited ( HY2009 Presentation

first_imgThe Co-operative Bank of Kenya Limited ( listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2009 presentation results for the half year.For more information about The Co-operative Bank of Kenya Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited ( company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (  2009 presentation results for the half year.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

The Rolls-Royce share price: here’s my forecast for 2021

first_img See all posts by Jonathan Smith I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. I’ve written extensively about the Rolls-Royce Holdings (LSE:RR) share price over the course of 2020. I was pessimistic about the stock for some time, but I turned positive on the outlook a few months ago. There were several reasons for this.Firstly, I felt the share was oversold by investors, to such an extent that the price didn’t accurately reflect the intrinsic value of the net assets. Added to this was the thought of a better 2021 thanks to the vaccine progress and early signs of an increase in bookings from commercial airlines. So what does this mean for the Rolls-Royce share price as we head into next year?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…My 2021 Rolls-Royce share price forecastThe current share price sits above 100p, but is still four times off the highs seen back in 2014. The world is a different place now, and I accept that. Yet my share price forecast for Rolls-Royce for the end of 2021 sits higher than the current price. My forecast price is 210p, with a stretch target of 260p. The initial target marks a big move back towards the early 2020 pre-Covid level of 240p. Even though I’m positive on the outlook for the business, I’m not 100% certain it can exceed 2019 levels within the next year. There’s just too much to do, and too much that has happened this year, to realistically see the Rolls-Royce share price shooting back to levels of 300p+. Even Boeing CEO Dave Calhoun said earlier this year that he thinks it could take two or three years for air travel to recover.Specific reasoningThrowing a number out there is fine, but what are my facts backing it up? One reason my forecast is higher than the current price is due to the vaccine rollout. Over half a million jabs have already been given. NHS England expects the bulk of patients at risk to have been vaccinated by March/April of next year.I know these aren’t Rolls-Royce customers, but it’s more about investor sentiment than actual jab numbers. If investors feel comfortable that the vaccine rollout is going well, it should cause the Rolls-Royce share price to rally on the prospects for a return to normality. It shouldn’t have to close any factories for an extended period as it benefits from increased flying hours, and is able to fully carry out maintenance requirements.Another reason why I think the Rolls-Royce share price could move higher next year is due to its internal finances. The management team has focused on accessing liquidity and also keeping an eye on costs. This will benefit the business into 2021. For example, a recent share issue and bond issuance raised over £2bn. Cost-cutting is expected to have saved £1bn by the end of this year. The firm can’t control demand, but it’s ensuring that elements of the business within management control are being looked after properly.I’ll have to wait for a year to see if my forecast has been correct. And it may take longer than a year for a bounce-back. But what I feel strongly is that the direction of the move (irrespective of magnitude) will be upwards for the Rolls-Royce share price. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997”center_img Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images Jonathan Smith | Saturday, 26th December, 2020 | More on: RR The Rolls-Royce share price: here’s my forecast for 2021last_img read more

Cottage Pod Bukovou / Mjölk architekti

first_img City:Jiřetín pod BukovouCountry:Czech RepublicMore SpecsLess SpecsSave this picture!© BoysPlayNiceRecommended ProductsConcreteKrytonConcrete Hardening – Hard-CemRenders / 3D AnimationEnscape3D Real-Time Rendering SoftwareWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40WindowsVitrocsaMinimalist Window – SlidingText description provided by the architects. The winter wind blows over Buková mountain. It travels from the North Sea across the German plains and gains strength in the rocky hills above the church in Hejnice, to reach the other side of the mountains and talk about the upcoming winter there. In these places, where the cold fingers of the north winds still reach, we have repaired the cottage.Save this picture!© BoysPlayNiceAbove the valley of Horská Kamenice river, fallen beeches rustle and the wind plays a strange melody. White smoke rises from the black house and suggests that the cottage is not empty. The original face of the unfinished cottage from the eighties has changed beyond recognition. The gray brizolite was replaced by black wood paneling, which the owners tanned themselves. The wood also extends to the roof areas and the main house, even with a small cottage, looks very abstract. Terms such as roof, wall, or chimney merge into a single shape.Save this picture!© BoysPlayNiceThere is a house with windows and a terrace. Some of the windows cut the facade cladding into a round shape. The house looks like an overgrown birdhouse. The cottage is cozy. The flames of the fire lick the glass in the large fireplace, the wood cracks and pillows of white Jizera mist roll over the windows. Tufts of water vapor sweep the valley and above them white spots of slopes on Špičák. The worst weather here can actually be the best. The interior is simple and functional. The original layout has changed.Save this picture!© BoysPlayNiceSave this picture!AxoSave this picture!© BoysPlayNiceThe original living space remained in place, but the sleeping layout changed. There are now two bedrooms in the house. One is large, accessible by secret stairs in the closet. The second, slightly smaller, is accessible by a ladder from the kitchen. Opposite the fireplace is an invention called the “sleeping window”, where an unexpected visitor sleeps comfortably.Save this picture!© BoysPlayNiceSave this picture!© BoysPlayNiceFresh powder of snow crunches underfoot and we get to a smaller cottage that hosts a sauna and a bedroom for visitors. The birch halo soaks in the bucket and the sauna smells of wood. It’s getting dark and in the twilight, you can see the first naked people in bathrobes who are going to taste the magic of the sauna with the best view in Jizerky. We are lucky with people.Save this picture!© BoysPlayNiceTogether with our clients, we realize things that we used to just admire in magazines. It is always a sign of courage to repair an old house because it is never entirely clear what awaits you during the work. A wall falls here, here it is found again that the house has no foundations, or there are a few bones from the Middle Ages somewhere and everything has to change. We are all happier when everything goes well. It just wants to have strong nerves and a bunch of people who trust in you. Thanks!Save this picture!© BoysPlayNiceProject gallerySee allShow lessAranya Equestrian Center / in:Flux architectureSelected ProjectsGaia Flagship Store / Doméstico Estudio + DWMX ArquitecturaSelected Projects Share Projects Houses Architects: Mjölk architekti Area Area of this architecture project 2020 Cottage Pod Bukovou / Mjölk architekti Manufacturers: Harvia, Ikea, AronHouse, OTHERM ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Year:  Photographs Construction: Area:  85 m² Year Completion year of this architecture project “COPY” Czech Republic Photographs:  BoysPlayNice Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” Save this picture!© BoysPlayNice+ 27Curated by Paula Pintos Share AronHouse ArchDaily Cottage Pod Bukovou / Mjölk architektiSave this projectSaveCottage Pod Bukovou / Mjölk architekti CopyHouses•Jiřetín pod Bukovou, Czech Republic CopyAbout this officeMjölk architektiOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookJiřetín pod BukovouCzech RepublicPublished on February 10, 2021Cite: “Cottage Pod Bukovou / Mjölk architekti” 09 Feb 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardMetallicsHAVER & BOECKERArchitectural Wire Mesh – MULTI-BARRETTE 8130Enclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSealantsEffisusGutter Repair – TiteGutter3Aluminium CompositesSculptformAluminium Click-on BattensTiles / Mosaic / GresiteMargresPorcelain Tiles – Linea PrestigeMetallicsRHEINZINKZinc Roof Systems – Click Roll CapsTiles / Mosaic / GresiteTerrealTerracotta Cladding TileDoorsECLISSESliding Pocket Door – ECLISSE UnilateralWindowsJoskoWindows and Sliding Doors – ONE SeriesMore products »Save想阅读文章的中文版本吗?捷克黑色木屋Bukovou / Mjölk architekti是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Lloyds Bank unveils new Pudsey moneybox for BBC Children in Need

first_img Lloyds Banking Group has produced a new limited edition Pudsey Moneybox for this year’s BBC Children in Need.The moneybox will be for sale exclusively in Lloyds branches nationwide for £5, all of which will go to BBC Children in Need. 65,000 will be available in the lead up to this year’s televised Appeal which takes place on Friday 18th November.Owners of the moneybox can customise it by drawing on the white board Pudsey is holding with the pen provided.Lloyds Bank produced its first limited edition Pudsey Moneybox last year. It sold 57,000 of them raising £260,000 for the charity. This year TV presenter Julia Bradbury unveiled the Pudsey Moneybox at the Lloyds Bank Wood Green branch with pupils from Osidge Primary School.Stuart Beaver, director, Partnership & Community Programmes, Lloyds Banking Group said:“We are really excited to be launching our new Pudsey Moneybox to raise funds to help disadvantaged children and young people. Last year’s moneybox was an overwhelming success with great feedback from the public and lots of money raised.”Lloyds Banking Group is the charity’s first Principal Partner, and exclusive schools fundraising partner. Other fundraising initiatives run by Lloyds for the charity include ‘The Big Spotacular’ schools fundraising campaign and the Tour de Pudsey, a 300-mile cycle challenge, which 60 colleagues participated in over 3.5 days.Images copyright onEdition 2016©. Main image Julia Bradbury and children from the Osidge Primary School. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis23 Lloyds Bank unveils new Pudsey moneybox for BBC Children in Need  139 total views,  1 views today Tagged with: BBC Children in Need corporate About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via Melanie May | 27 October 2016 | News  140 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis23 Advertisementlast_img read more

Football knocks off No. 9 Texas, Duggan continues dominant play

first_imgTwitter Linkedin Colin Post Despite series loss, TCU proved they belong against No. 8 Texas Tech First TCU spring game since 2018 gets fans primed for a highly-anticipated fall World Oceans Day shines spotlight on marine plastic pollution Colin Post Previous articleSoccer stays undefeated with win over Iowa StateNext articleHoroscope: October 4, 2020 Colin Post RELATED ARTICLESMORE FROM AUTHOR printFor the second-straight year, unranked TCU went into their matchup with rival Texas as substantial underdogs. Similar to last year, the Frogs knocked off the Longhorns, this time 33-31 in Austin in a game that featured 26 penalties between the two teams combined. “I feel good. It’s exciting to get a win against a really talented Texas team,” quarterback Max Duggan said. “Everyone is really excited, very happy.”After establishing himself as a force to be reckoned with in 2019 against Texas, Duggan put together another dominant performance on Saturday in his first start of the year. He went 20-for-30 with 231 yards passing and no interceptions to go with 79 yards and two scores on the ground.Read more: Football feels they can ‘compete with anybody’ after knocking off No. 9 TexasJust like last year, Duggan won the game for TCU with his legs. His 26-yard touchdown run with 4:01 remaining gave the Frogs a lead they would not lose. In 2019, the young signal caller had scored a similar touchdown to seal a win for TCU in Fort Worth.“In that formation, we knew that check would be good for us. We had a call in that formation, I saw an opening,” Duggan said. “We were really excited to score and take that lead.”Wide receiver Taye Barber said after the game that Duggan made an “Aaron Rodgers play” on the game-winning score, because the Packers’ quarterback is Duggan’s favorite NFL player.Once TCU took the lead, Texas got all the way down to the Horned Frog one yard line behind a 52-yard catch and a 16-yard run by Longhorn running back Keaontay Ingram. On the next play, though, linebacker Garret Wallow forced a fumble to give the ball back to TCU with 2:32 remaining.“I wanted to go hug Garret [Wallow], but we had to go back on offense,” wide receiver Taye Barber said. “His IQ is really good — it showed. That was a great play.”The Frogs gained a first down and then took a safety as time expired to give them their first win of 2020. TCU is now 7-2 against Texas since joining the Big 12, including 4-1 in Austin.After TCU was called for offsides on the the opening kickoff, Texas ran the second kickoff back to the TCU two yard line. That return was also called back, as penalties by both teams offset and forced a third kickoff.There were 13 penalties combined called on the two teams in the first quarter alone.The first half was sloppy on both sides, but especially for Texas. The Longhorns gave up 70 yards on nine called penalties, and quarterback Sam Ehlinger completed just 5 of his 16 passes.The senior also threw an interception right to TCU safety La’Kendrick Van Zandt that gave the Frogs a field goal right before the end of the half.Kicker Griffin Kell finished 4-for-4 on field goals for the day.TCU wide receiver Blair Conwright (22) pulls in a pass over Texas defensive back D’Shawn Jamison (5) during the second half of an NCAA college football game, Saturday, Oct. 3, 2020, in Austin, Texas. (AP Photo/Eric Gay)“If you don’t make all the field goals, you don’t win the ball game,” head coach Gary Patterson said. “[I’m] very proud of him.”TCU committed eight penalties of their own in the first half, but what they lost on flags, Duggan made up for with more dominant play against the Longhorns.The sophomore completed 12 of his 19 pass attempts for 144 yards in the first half. He added 52 yards on the ground, including a five-yard score on a perfectly drawn-up play action early in the second quarter.The Frogs went into locker room at halftime with a 20-14 lead after outgaining the Longhorns 258-163 in yards of total offense.The second half started a bit rocky for TCU. Their first five drives resulted in two field goals, two punts and a lost fumble after Duggan was decked from his blind side.The field goals came despite the fact that the Frogs had first downs deep in Longhorn territory. Texas used the stale spell by TCU to get back in the game, seeming to finally find rhythm on offense early in the fourth. Ehlinger led the Longhorns on a 10-play, 75-yard drive, capped off by a seven-yard touchdown pass to Malcolm Epps to give Texas their first lead of the day.The Longhorns did not score on offense again, though, as Duggan’s score handed them their first loss of the season.After being a non-factor against Iowa State, TCU’s running game got going against the Horns. With eight different rushers on the day, TCU gained 226 yards, 146 of them from Duggan and freshman Kendre Miller, and three touchdowns.TCU finished the game with 109 yards given up on 14 penalties. This was the Frogs’ second-straight game with double-digit penalties (10 last week).“There were a lot of penalties,” Patterson said. “We really talked about we have to focus on ourselves, quit shooting ourselves in the foot.”Freshman Quentin Johnston made another strong impact for the Frogs with three catches for 70 yards. The former four-star recruit was committed to Texas until just over a day before signing day.“We’re going to celebrate it [the win] tonight, but we all know we have to be ready for it [Kansas State] next week,” Barber said.TCU will look to keep their momentum moving into next week, as they return home to play Kansas State. Kickoff at Amon G. Carter Stadium is set for 3 p.m. TCU quarterback Max Duggan (15) scores a touchdown on a run against Texas during the first half of an NCAA college football game, Saturday, Oct. 3, 2020, in Austin, Texas. (AP Photo/Eric Gay) Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Post Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Facebook Facebook Colin Post TCU places second in the National Student Advertising Competition, the highest in school history + posts Colin Post Linkedin ReddIt Twitter ReddIt Taylor’s monster slam highlights big weekend for TCU Athletics The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive yearslast_img read more

Clarification for Debt Collectors and Servicers

first_img The Consumer Financial Protection Bureau (CFPB) has issued a Notice of Proposed Rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). According to the CFPB, the proposal would provide consumers with clearer protections against harassment by debt collectors and straightforward options to address or dispute debts.“The Bureau is taking the next step in the rulemaking process to ensure we have clear rules of the road where consumers know their rights and debt collectors know their limitations,” said CFPB Director Kathleen L. Kraninger. “As the CFPB moves to modernize the legal regime for debt collection, we are keenly interested in hearing all views so that we can develop a final rule that takes into account the feedback received.”As part of the proposal, the CFPB intends to establish a clear, bright-line rule limiting call attempts and telephone conversations, clarify consumer protection requirements for certain consumer-facing debt collection disclosures, clarify how debt collectors can communicate with consumers, and prohibit suits and threats of suit on time-barred debts and require communication before credit reporting.For debt collectors and servicers, communication with customers is a key issue, as “robocalls” have become more of an issue. According to the Urban Institute and a report from the U.S. Treasury, the 27-year old Telecommunications Consumer Protection Act (TCPA) may be preventing mortgage servicers from reaching customers when that contact could be helpful. For example, a servicer might not be able to inform borrowers about mortgage relief options or warn about scams, or reach thousands of borrowers with time-sensitive information during natural disasters such as hurricanes, especially when landlines may be down and cell phones are the only option.The National Mortgage Servicing Association (NMSA) last year wrote a letter to the to the Federal Communications Commision (FCC), outlining their suggestions for changes to regulations imposed by the TCPA. One suggestion involved a re-examination of the definition of an “autodialer.” For example, the NMSA proposed that it should be made clear that the definition of an autodialer does not include dialing from a list, and that the technology used must involve both generating a phone number in random or sequential order and calling that generated number.In addition, the NMSA supports the FCC’s creation of a reassigned number database as well as a “safe harbor” for businesses to check the database. The NMSA also supports the integration of a more structured process in order for consumers to revoke consent to receive calls from a company, giving consumers peace of mind while reducing the headache for businesses to trying to comply with regulations.Exempting servicers from the Act would give servicers the opportunity to reach out when it would benefit the borrower, and allow borrowers to identify numbers that have been transferred. Another option would be to temporarily exempt servicers from Act requirements specifically during natural disasters in order to send out time-sensitive information. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Clarification for Debt Collectors and Servicers CFPB Debts 2019-05-08 Seth Welborn Share Save Previous: Advancing Diversity and Inclusion in the Mortgage Industry Next: Americans Continue to Bet on Real Estate Investment May 8, 2019 1,670 Views Home / Daily Dose / Clarification for Debt Collectors and Servicers Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Tagged with: CFPB Debts Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribelast_img read more

Contributions By Corporates To PM CARES Fund To Be Considered As CSR Activity: Centre Amends Schedule VII Of Companies Act [Read Notification]

first_imgNews UpdatesContributions By Corporates To PM CARES Fund To Be Considered As CSR Activity: Centre Amends Schedule VII Of Companies Act [Read Notification] LIVELAW NEWS NETWORK27 May 2020 1:52 AMShare This – xContributions made by companies to PM CARES will be considered as Corporate Social Responsibility funds under the Companies Act 2013. The Government has issued a notification amending Schedule VII of the Companies Act 2013 for this purpose. The notification shall be deemed to have come into force on 28th March, 2020. Section 135 of the Companies Act, 2013, mandates all companies, having…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginContributions made by companies to PM CARES will be considered as Corporate Social Responsibility funds under the Companies Act 2013. The Government has issued a notification amending Schedule VII of the Companies Act 2013 for this purpose. The notification shall be deemed to have come into force on 28th March, 2020. Section 135 of the Companies Act, 2013, mandates all companies, having net worth of 500 crore, or turnover of 1000 crore or more or a net profit of 500 crore or more during a financial year to constitute a Corporate Social Responsibility (“CSR”) Committee Board. The responsibilities of the Board are enumerated thereunder, with the object of ensuring that every company spends, in each financial year, at least 2% of the average net profits of the company, in pursuance of its CSR policy The activities relating to:—(i) eradicating extreme hunger and poverty;(ii) promotion of education;(iii) promoting gender equality and empowering women; (iv) reducing child mortality and improving maternal health; (v) combating human immunodeficiency virus, acquired immune deficiency syndrome, malaria and other diseases; (vi) ensuring environmental sustainability; (vii) employment enhancing vocational skills; (viii) social business projects; (ix) contribution to the Prime Minister’s National Relief Fund or any other fund set up by the Central Government or the State Governments for socio-economic development and relief and funds for the welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women and such other matters can be included by companies in their Corporate Social Responsibility Policies. Click here to Read/Download NotificationRead Notification Next Storylast_img read more

COVID Management: Rajasthan HC Forms State/District Level Committees Consisting Of Lawyers To ‘Alleviate General Public’s Difficulties’

first_imgNews UpdatesCOVID Management: Rajasthan HC Forms State/District Level Committees Consisting Of Lawyers To ‘Alleviate General Public’s Difficulties’ Sparsh Upadhyay29 April 2021 11:29 PMShare This – xHearing the letter plea filed by the Rajasthan High Court Bar Association highlighting the plight of Covid patients and the situation arising out of shortage in hospitals into a PIL, the Rajasthan High Court on Wednesday (April 28) formed State Level and District Level Committees to alleviate the difficulties being faced by the general public at large in the State of Rajasthan.The Bench of Chief Justice Indrajit Mahanty and Justice Inderjeet Singh expressed its expectation as well as confidence that the committees set up by it would supplement the efforts being made both by the Union of India as well as the State of Rajasthan in the matter of providing medical aid to the people of the State.State’s submissionsIt was submitted by the State Government that the Central Government had assured for the supply of these items to the State Government as early as possible and that for COVID treatment, rates have already fixed by the State Government for various private and government hospitals and in the government hospitals treatment is given to COVID patient free of cost. It was also submitted that not only is there great pressure on the medical infrastructure in the State for the treatment of patients, but the entry of attendants into the medical facilities has also led to great difficulties being faced by the COVID warriors and doctors in treating the patients. Lastly, it was assured that if the building at Jaipur and Jodhpur was handed over to the State Government by the Bar Council of Rajasthan, appropriate medical facilities would be provided by the State Government at the earliest.Importantly, it was submitted that in government hospitals no death had yet occurred due to shortage of oxygen and presently adequate medicines were available in the State.Having heard the submissions, the Court decided to form a State Level Committee and District Level Committee be formed in the following manner:-State Level Committee: 1. Chairman, Bar Council of Rajasthan 2. Advocate General, State of Rajasthan 3. Additional Solicitor General 4.Presidents of the Rajasthan High Court Bar Association, Jodhpur/Jaipur. The convenor of the committee shall be the Secretary of the State Bar Council, Rajasthan. The aforesaid Committee has been directed to set up Emergency Assistance Cells at Jodhpur/Jaipur State Bar Council offices and the Help-Desk shall be manned 24 hours and an adequate number of telephone/cell numbers be provided for operation of the helpline number. State Bar Council has been directed to take steps to depute such a number of personnel, as required to attend the calls and it was also directed that such emergency helpline numbers would be widely publicized, both in the Print and Electronic Media in order to make the public aware of the assistance available at hand as well as to instill confidence in them during the present pandemic situation. The offices of the committee shall have to regularly inform and contact the various officials appointed by the State and/or Municipal Bodies and/or Health Authorities to make available necessary medical assistance, such as ambulance, hospitalization and medical care, etc., as may be needed by the people referred to by the committee. Similarly, District Level Committees have been directed to be formed at all District Headquarters except Jodhpur and Jaipur and the said committees shall consist of the following:- 1. Secretary, District Legal Services Authority. 2. President, District Bar Association. 3. Nominated member of Rajasthan State Bar Council. The District Level Committees have been directed to establish Help-Desk at the district level at the DLSA office having necessary manpower. They have also been directed to issue necessary directions to all officials of the State and Municipal and Health Authorities, who have been vested with the duty to take care of COVID patients during the present pandemic, have been directed to respond immediately to the request sent by such committees and keep a record of all steps taken in regard to the treatment of referred patients.Lastly, the Court remarked,”We hope and trust that the committees formed by us will take all necessary steps to alleviate the difficulties being faced by the general public at large in the State of Rajasthan and act as a bridge with the authorities created by the State for the purpose of dealing with the present COVID pandemic.”The State Level Committee has been directed to obtain reports from all the District Level Committees and submit such reports before the Court on a fortnightly basis. The Court further directed the Health Secretary of the State to monitor all the district hospitals/COVID dedicated centers on a daily basis so that the requirement of these hospitals with regard to drugs, oxygen, and injections be meted out and utilized properly.Click Here To Download OrderRead OrderTagsRajasthan High Court COVID Management Chief Justice Indrajit Mahanty Justice Inderjeet Singh Rajasthan High Court Bar Association shortage in hospitals Oxygen Shortage Next Storylast_img read more

Tourism industry, celebrities offer aid after Hurricane Dorian pummels the Bahamas

first_imgiStock(NEW YORK) — The Red Cross estimates 76,000 people in the Bahamas have been affected by Hurricane Dorian. Many reside on the battered Abaco Islands and the island of Grand Bahama.Food, clean water, shelter, health and sanitation services are critical needs in the hurricane’s aftermath. Businesses and celebrities are making commitments to assist the Bahamas and organizations are asking the public to help with the relief efforts.The tourism industry, perhaps unsurprisingly, has been quite proactive with Dorian relief activities.Sandals Foundation, the philanthropic arm of Sandals Resorts International, is working with its international and local Bahamian ground partners, including The Bahamas National Emergency Management Agency (NEMA), Bahamas Hotel Tourism Association, HeadKnowles, Odyssey Aviation Bahamas, Food for the Poor and Sandals Royal Bahamian, a Sandals representative told ABC News.Additionally, Sandals Foundation delivered 30,240 bottles of water on Sept. 3 to the northern Bahamian islands in partnership with the Bahamas Hotel Tourism Association, HeadKnowles and Odyssey Aviation Bahamas.The Sandals Foundation also started a Hurricane Relief Fund and has pledged on #InternationalDayofCharity (which is Thursday) to match every dollar donated.In a partnership with Food for the Poor, the Sandals Foundation spokesperson said the first air shipment of over 400 personal hygiene kits, 400 disaster blankets and over 1,500 instant pre-packaged meals, as well as 100 two-burner stoves are presently being air freighted to Nassau for distribution to the northern Bahamian islands.“We are also presently packing a container of in-kind donations valued at $150,000 U.S. dollars of first response items such as chainsaws, generators, flashlights, tarp holdings, water coolers, energy sports drinks and cleaning supplies,” the spokesperson said via email.The Sandals Foundation also donated over $54,000 worth of towels and linen to doctors and nurses traveling by boats to the northern Bahamas Thursday and Friday to assist with medical response.The spokesperson confirmed that Sandals’ three Bahamian resorts were not impacted by Dorian.Norwegian Cruise Line committed a minimum of $1 million “toward immediate short-term relief aid” according to a press release from the company.Royal Caribbean also pledged $1 million in disaster relief, according to a post from its verified Twitter account.In a tweet, an organization founded by Barbados-born entertainer and entrepreneur Rihanna, stated it committed grants to World Central Kitchen — a hunger relief initiative founded by chef Jose Andres — and humanitarian aid organization Direct Relief.On Facebook, financial guru Suze Orman said she was working with the Discovery Land Company Foundation’s Abaco Relief Fund.And on Instagram, Lenny Kravitz said he has donated to the National Association of the Bahamas. The musician’s mother, late actress Roxie Roker, was of Bahamian descent.Bahamian athlete Shaunae Miller-Uibo posted on Instagram that she would contribute $25,000 to assist two churches, one in Abaco and the other in Grand Bahama. She said that she also created a GoFundMe page for others to donate.The official website of the Islands of Bahamas also offers ways the public can help. There are links to donate to the Bahamas Red Cross Society, the National Association of the Bahamas and the Atlantis Bahamas Hurricane Dorian Relief Fund.The site also lists several drop-off locations throughout Florida. Needed supplies include construction and cleaning materials, groceries, first aid kits and baby products.Copyright © 2019, ABC Radio. All rights reserved.last_img read more