my world...: Ocak 2009

31 Ocak 2009 Cumartesi

KREDİ,BANK,FİNANCİEN,FİNANCE,BANKİNG

KREDİ,BANK,FİNANCİEN,FİNANCE,BANKİNG
Schnell ist es passiert. Kein Geld um finanzielle Forderungen zu erfüllen, beispielsweise die Telefonrechnung. Das reicht aus und schon hat man einen negativen Eintrag in seiner SCHUFA-Akte. Die schufa (Schutzgemeinschaft für allgemeine Kreditsicherung) ist ein Kreditbüro, das von den Kreditgebern zum Beispiel Kreditinstituten, getragen wird. Ihr Ziel ist es Kreditgeber vor finanziellen Ausfällen zu bewahren, indem sie die Informationen sammelt, die für die Einschätzung der Kreditwürdigkeit von Personen von Belang sein könnenMit einem negativen Eintrag in die SCHUFA-Akte kann man meist bei inländischen Kreditinstituten keinen Kredit mehr erhalten. Die Lösung ist der so genannte "Schweizer Kredit". Hier wird ein Kredit auch trotz schufa gewährt. Das Kreditinstitut hat den Sitz in der Schweiz. Diese schufafreien Kredite werden über Vermittlungsfirmen vermittelt, und es wird keine Einsicht in die SCHUFA-Akte verlangt. Auch wer selbstständig arbeitet oder arbeitslos ist hat hier die Möglichkeit einen Kredit aufzunehmen, obwohl er nur in einem engen Rahmen sein Einkommen belegen könnte. Oftmals werden schufafreie ratenkredite in Anspruch genommen, die in monatlichen festgelegten Raten zurück bezahlt werden. Hier muss man allerdings im Normalfall mit höheren Zinsen rechnen, als es bei einem Kredit mit Einsicht in die SCHUFA-Akte der Fall wäre. Der Kreditgeber geht ein höheres Risiko ein und das spiegelt sich meist in den höheren Zinsen wider.Die Gründe weshalb man einen Kredit aufnehmen möchte sind vielseitig. Wichtig ist es für den Kreditnehmer jedoch, sich über seinen finanziellen Rahmen im Klaren zu sein. Er muss vorher genau prüfen, ob er in der Zukunft in der Lage sein wird, den aufgenommenen kredit auch wieder abzubezahlen. Ansonsten läuft man Gefahr, in noch größere finanzielle Probleme zu geraten, anstatt seine Probleme zu lösen. Ein gründlicher Vergleich zwischen Kreditangeboten ist also dringend anzuraten, damit nichts der Umsetzung seines Projekts im Wege steht.

Money web

In een kort overzicht vind u hier de verschillende leenvormen. Voor de alle
duidelijkheid staan hier de verschillen in het kort opgesomd.RekenvoorbeeldDe
familie De Vries wil een lening aanvragen voor de verbouwing van de badkamer.
Voor deze verbouwing willen ze € 5000,00 lenen. De familie De Vries wil
zekerheid wat betreft de maandelijkse rente en wil tussentijds geen geld meer
opnemen. Ze kiezen daarom voor een persoonlijke lening.Jan en Anita willen meer
financiële bestedingsruimte. Tussentijds willen ze geld kunnen opnemen. Wanneer
er meer geld beschikbaar is, willen ze ook de mogelijkheid hebben om meer af te
lossen. Ze kiezen voor een doorlopend krediet.Lening vormenDoorlopend kredietWat
is een doorlopend krediet?Een doorlopend krediet is er om over langere periode
meer bestedingsruimte te hebben. U mag steeds geld opnemen tot aan de
kredietlimiet, maar u mag ook minder opnemen.Tussentijds mag er altijd zonder
boete worden afgelost. Dit krediet is handig wanneer u nog niet exact weet
hoeveel geld u nodig heeft of wanneer u het geld nodig heeft. U betaald elke
maand een vast bedrag aan rente en aflossing.Voordelen:- Alleen rente betalen
over het opgenomen bedrag- Tussentijds extra geld aflossen (boetevrij)- Meestal
een eigen bankpasOversluiten van een doorlopend krediet:U heeft een lening of
misschien wel meerdere leningen lopen. Het is dan vaak voordeliger om uw huidige
krediet(en) over te sluiten. In plaats van verschillende afschriften, komt alles
dan op één handig overzicht.Tussentijds een extra krediet afsluiten:Wanneer u
geen achterstand hebt opgelopen met betalen en uw financiële situatie laat het
toe, is het mogelijk om een nieuwe lening af te sluiten voordat de vorige is
afgelopen. Een deel van het bedrag dat u leent, wordt dan gebruikt voor de
aflossing van de vorige overeenkomst(en).Verhogen doorlopend kredietHet kan
voorkomen dat naast uw doorlopend krediet nog behoefte is aan een extra
financiële reserve. U kunt er dan voor kiezen om het bestaande krediet open te
breken en vervolgens uw krediet te verhogen.Persoonlijke leningWat is een
persoonlijke leningBij de persoonlijke lening krijgt u in één keer de
beschikking over het geleende bedrag. Wanneer u een persoonlijke lening afsluit,
weet u precies wanneer de lening eindigt. U spreekt namelijk van tevoren een
looptijd af. Zo spreekt u bij een persoonlijk krediet eenmalig een leenbedrag en
een looptijd af. U krijgt dit bedrag in één keer op uw rekening gestort.
Vervolgens betaald u maandelijks een vast bedrag aan rente en aflossing. In
tijden van rentestijgingen biedt een persoonlijk krediet u zekerheid, want uw
rente blijft ongewijzigd! Zo weet u precies waar u aan toe bent.Bent u van plan
een nieuwe auto of caravan te kopen? Of wordt het tijd voor nieuwe meubels?
Wellicht heeft u hiervoor gespaard, maar is het genoeg? Wanneer u extra geld
nodig heeft, maar graag overzicht houdt in uw financiën, is een persoonlijke
lening voor u een oplossing!Voordelen:- Uitbetaling direct ineens- Vast
rentepercentage- Vast maandbedrag- Vaste looptijdVaste renteWanneer de rente
stijgt is een persoonlijke lening ideaal. Mocht de rente stijgen, dan heeft dit
geen enkele invloed op de persoonlijke lening. Deze rente blijft
ongewijzigd.Stel u koopt een auto. Bij een persoonlijke lening spreekt u van
tevoren af wat de looptijd van de lening is. U kunt deze lening bijvoorbeeld
afstemmen op de levensduur van uw auto. Hierdoor voorkomt u dat de auto al is
afgeschreven, maar u nog steeds moet betalen aan uw persoonlijke
lening.SpaarkredietEen spaarkrediet is een doorlopend krediet, gekoppeld aan een
kapitaalverzekering.Doorgaans betaald u voor een doorlopend krediet maandelijks
een bedrag aan rente en aflossing. Bij een spaarkrediet betaald u echter alleen
rente, die wordt berekend over het bedrag dat u heeft opgenomen. Gedurende de
gehele looptijd kunt u tot uw kredietlimiet bedragen blijven opnemen.Daarnaast
betaald u een maandelijkse premie voor een kapitaalverzekering.Met deze
verzekering kunt u een kapitaal opbouwen om de lening af te lossen.Dit gebeurt
met een kapitaalverzekering bij een gerenommeerde verzekeringsmaatschappij. De
uitkering is gelijk aan de eindwaarde van de participaties en dus afhankelijk
van de koersontwikkeling.RentekredietEen rentekrediet is een leenvorm voor
particulieren die veel lijkt op een doorlopend krediet. Het grootste verschil is
dat men bij een rentekrediet niet verplicht wordt om maandelijks af te lossen.
Daardoor is het rentekrediet de leenvorm met de laagste maandlast. Deze leenvorm
wordt ook vaak gebruikt om geld achter de hand te hebben, zoals bij een
verbouwing of restauratie van bijvoorbeeld een oldtimer of ander duur
verzamelobject. De looptijd van een rentekrediet is in principe oneindig. U lost
immers niets af en betaald alleen rente. Ingezetenen van Nederland van 18 tot 65
jaar met een vast inkomen, wat niet mag bestaan uit een uitkering van de sociale
dienst of de WW, kunnen in aanmerking komen voor een rentekrediet.

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WorkLight® for Financial Services

Today more than ever, financial services companies need to connect to their customers. Retail banks, credit card issuers, credit unions, and brokerage firms, all need to generate more business, lower the cost of doing business, instill customer confidence and trust, and exceed customer delivery expectations.

WorkLight for Financial Services allows companies, for the first time, to securely deliver to customers personalized account information, and balance and transaction updates via familiar consumer Web 2.0 tools and services; tools such as RSS feeds, widgets and gadgets, personalized homepages, iPhone apps, social networks, instant messaging, and more. Using these convenient means to deliver highly relevant, personalized information directly to customers, WorkLight obviates the need for consumers to log in to and navigate through complex customer web sites, thereby significantly enhancing the customer experience. The outcome is an increased number of transactions, reduced customer service costs, and an improvement in customer retention.

WorkLight delivers the following unique benefits to financial Institutions:
Acquire new customers with more success and lower cost – by connecting with customers via gadgets wherever they spend time, distribution costs are lower and conversion rates higher.
Drive more transactions – through an “always-on” approach, customers are much more likely to respond to account updates and alerts in a timely manner.
Facilitate online bill pay – through convenient “one-stop” gadgets, customers are more likely to pay bills through the bank or using their credit card.
Reduce customer costs – since more customer transactions are handled via self-service. Customers do not have to navigate to a portal, since the provider “appears” right where customers spend their time online.
With WorkLight, consumers reap the following benefits:
Save time and money – No need to repeatedly log in to, and navigate complex portals in order to manage financial accounts, issue payments, transfer funds, etc.
Reduce stress and anxiety associated with possible fraud– Report suspicious account activity immediately through secure, “always-on” gadgets.
Reduce financial liability – Reminders reduce missed payments and subsequent late charges. Tracking account activity helps spot suspicious account activity.
Take advantage of attractive promotions – Highly-relevant offers such as refinancing, credit card, investments, etc. let the firm provide superior service and potentially save the customer money.

29 Ocak 2009 Perşembe

KYC compliance

Know Your Customer (KYC) compliance regulation has proved to beone of the biggest operational challenges banks, accountants, lawyers andsimilar financial service providers worldwide have had toovercome.World-Check, the industry standard KYC compliance solution,provides an overview of KYC compliance and its origins, and outlines thecompliance mandate as applicable to banks, accounting firms, lawyers and otherregulated financial service providers – not just in the UK, Europe and the USA,but all around the world. Relied upon by more than 3,000 institutions worldwide,this KYC database solution provides effective legal and reputational riskreduction.Why “Know Your Customer?”The 9/11 terroristattacks on the World Trade Centre revealed that there were sinister forces atwork around the world, and that terrorists activities were being funded withlaundered money, the proceeds of illicit activities such as narcotics and humantrafficking, fraud and organised crime. Overnight, the combating of terroristfinancing became a priority on the international agenda.For thefinancial services provider of the 21st century, “knowing your customers” was nolonger a suggested course of action. Based on the requirements of legislativelandmarks such as the USA PATRIOT Act 2002, modern Know Your Customer (KYC)compliance mandates were created to simultaneously combat money laundering andthe funding of terrorist activities.What is Know Your Customer(KYC)?Know Your Customer, or KYC, refers to the regulatorycompliance mandate imposed on financial service providers to implement aCustomer Identification Programme and perform due diligence checks before doingbusiness with a person or entity.KYC fulfils a risk mitigation function,and one its key requirements is checking that a prospective customer is notlisted on any government lists for wanted money launders, known fraudsters orterrorists.If preliminary KYC checks reveal that the person is aPolitically Exposed Person (PEP), for example, Advanced Due Diligence must bedone in order to ensure that the person’s source of wealth is transparent, andthat he or she does not pose a reputational or financial risk in terms of theirfinances, public positions or associations. Beyond customer identificationchecks, the ongoing monitoring of transfers and financial transactions against arange of risk variables forms an integral part of the KYC compliancemandate.But to understand the importance of KYC compliance for financialservice providers better, its origins need to be examined.Origins ofKnow Your Customer (KYC) complianceThe arrival of the new millenniumwas marred by a spate of terrorist attacks and corporate scandals that unmaskedthe darker features of globalisation. These events highlighted the role of moneylaundering in cross-border crime and terrorism, and underlined the need to clampdown on the exploitation of financial systems worldwide.Know YourCustomer (KYC) legislation was principally not absent prior to 9/11. Regulatedfinancial service providers for a long time have been required to conduct duediligence and customer identification checks in order to mitigate their ownoperation risks, and to ensure a consistent and acceptable level ofservice.In essence, the USA PATRIOT Act was not so much a radicaldeparture from prior legislation as it was a firmer and more extensivearticulation of existing laws. The Act would lead to the more rigorousregulation of a greater range of financial services providers, and expanded theauthority of American law enforcement agencies in the fighting of terrorism,both in the USA and abroad.In October 2001, President George W. Bushsigned off the USA PATRIOT Act, effectively providing federal regulators with anew range of tools and powers for fighting terror financing and moneylaundering. During July 2002, the US Treasury proceeded to introduce Section 326of the PATRIOT Act, a clause that removed some key burdens for regulators andadded significant enforcement muscle to the Act.What 9/11 changed, inessence, was the extent to which existing legislation was being implemented.Using the provisions of the earlier anti-terrorism USA Act as a foundation, itincluded the Financial Anti-Terrorism Act, which allowed for federaljurisdiction over foreign money launders and money laundered through foreignbanks. Significantly, it is this anti-terror law that would make the creation ofan Anti Money Laundering (AML) programme compulsory for all financialinstitutions and service providers.Section 326 of the USA PATRIOT Actdealt specifically with the identification of new customers (“CIP regulation”),and made extensive provisions in terms of KYC and the methods employed to verifyclient identities.In accordance with this piece of updated KYClegislation, federal regulators would hold financial institutions accountablefor the effectiveness of their initial customer identification and ongoing KYCscreening. Institutions are required to keep detailed records of the steps thatwere taken to verify prospective clients’ identities.Although currentKYC legislation does not yet demand the exclusion of specific types offoreign-issued identification, it recommends the usage of machine-verifiableidentity documents. The ability to notify financial institutions if concernsregarding specific types of identification were to arise, combined with arisk-based approach to KYC, proved to provide a robust mechanism for addressingsecurity concerns.Effectively, the risk-based approach to customer duediligence grants regulated institutions a certain degree of flexibility todetermine the forms of identification they will accept, and under whichconditions.KYC compliance: Implications for banks, lawyers andaccounting firmsThe KYC compliance mandate, for all its positiveoutcomes, has burdened companies and organisations with a substantialadministrative obligation. Additionally, KYC compliance increasingly entails thecreation of auditable proof of due diligence activities, in addition to the needfor customer identification.

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ASC completes

ASC completes
StatisticsInside working diameter: 30ft. (9.26M)Ouside diameter: 32ft. (9.88M)Inside working length: 76 ft. (23.5M)Overall length: 112 ft. (34.5M)Vessel volume: 82,000 cu.ft.Max temperature: 450FMax pressure: 150 psigHeating system: 40 million BTU/hrControl system: CPC Level IIIWeight: over 1,000,000 lbs.Man-hours to construct: 65,000+Interior viewImage shows length and rear-mounted cooling coil/radiator which stands 20ft (6.2M) tall.

Super Series™Vacuum Furnace SystemIt’s

super-precise and super-fast. TheT-M Vacuum Super Series vacuum furnace system is the high-vacuum,high-temperature technically advanced vacuum furnace to satisfy all yourheat-treating needs.Within its all- stainless steel chamber is a two cubic footwork zone capable of holding up to 200 pounds of material for tempering,austenitizing, hardening, stress relieving, brazing, sintering, bonding,annealing, and many other custom vacuum processes.With the standard three-zoneheat control package and electro-pneumatically operated Heat Pack door shieldassembly, a precision heating environment is created for perfect temperatureuniformity.The specially designed Hot Zone-to-chamber ratio enables thehigh-speed pumping system to reach high vacuum quicker,maximizing yourproductivity and quality with a cleaner work zone. With its inert gas on boardQuick Cool System, the metallurgical gas quench increases your cycle times byrapidly cooling the chamber and increasing your product output.The Super SeriesHMI software system can be configured with our controlled cooling,allows theuser to precisely control the cooling environment.The Super Series vacuumfurnace system can also be configured to accept multiple process gases. Once youhave determined your specific process parameters,the computerized control systemtakes over to completely automate the process and archive all system data. Anoperator needs only to load and unload the chamber and press the startbutton.The Super Series vacuum furnace system is a completely contained unitwith no exposed wires, cables or pumps.This saves you valuable factory floorspace, and keeps your unit clean and easy to maintain. System installation is assimple as connecting the unit to electric service and attaching gas,water andair lines. The Hot Zone is fully removable for service.If the Super Series workzone is not large enough for your application, please ask about our PACER SeriesVacuum Furnace System.Temperature Capabilities and Controllability 10 series1000°C (1832°F)13 series 1315°C (2400°F)14.5 series 1415°C (2650°F)16.5 series1650°C (3000°F)20 series 2000°C (3632°F)+/- 1 degree controllability<+/- 2°C temperature uniformity*SCR Power Supply regulation3-zone heatcontrol with independent PID loop controlVacuum Pumping SystemStandardpump down time*To 0.1 Torr 7 minutes10-5 Torr Scale 15 minutesHigh-VacuumValve: T-M 6" Right Angle Poppet Valve6" diffusion pump – net pumpingspeed:2,400 l/s42.2 cfm mechanical roughing & backing pump3.8 cfmmechanical hold pumpAvailable:Upgraded pumping systems – Mechanical,dry, diffusion, cryogenic, and turbo-molecularMolecular Sieve orMechanically refrigerated, optically-dense, cold trap in roughing line or liquidnitrogen cryo-trap in high-vacuum line (for prevention of hydrocarboncontamination)Inert Gas and Quick Cool System10 HP blower – 4,200 cfmfree air displacementGas/water heat exchanger18 vents directing QuickCool gas onto workloadIntegral with furnace chamber, no externally mountedcomponentsAvailable:Multiple-process gas capabilityControlledCoolingSystem ControlsThe “E” control system: full PC, PLC, and HMIsoftware control package will provide superior control, system analysis, recipemanagement, and data acquisition. With more than 14 user-friendly screensdisplayed on its 17" LCD flat panel touch screen, this state-of-the-art systemeliminates the need for separate programmers, controllers and messagedisplays.Over-temperature controlDigital vacuum displayCenter ofload thermocouple standardEmergency StopAvailable:Multiple-surveythermocouplesUninterrupted power supplies (UPS)Multiple-channel colorstrip chart recorderOperating Pressure RangeHigh-vacuum to 2-bar (higherpressures available)Working pressure at maximum temperature: high-vacuum to1 torr (higher pressures available)Capable of pressures between atmosphereand 2-bar (for Quick Cool use)6-bar availableHot ZoneConstructionUsable work zone 12" W x 12" H x 24" DUsable work zonevolume of 2 cubic feetWork load capacity 200 lbsRound,horizontally-mounted Hot Zone comprised of six (6) high temp/lowresistancemolybdenum 2" band heater elementsHeat shielding is composed of molybdenumlayers backed by stainless steel layersin stainless steel containment and anelectro-pneumatically operated Heat Pack door shield assemblyComplete HotZone is easily removable as a unit for fast maintenance and less downtimeMolybdenum hearth assembly is 12" W x 24"DAvailable:Graphite andtungsten heating elementsGraphite insulation in stainless steelcontainmentChamberAll-stainless steel construction including head-endclosure and water jacketingDual-wall chamber configuration designed to allowcomplete water-to-surface contactStainless steel dual-wall, water-cooleddoorWater cooling for power feed-thru is external to vacuum chamber,eliminating thepossibility of water leaking into the chamberSix clamp overcenter pneumatic clamp/locking doorWorking pressure: Full vacuum to 2-bar(6-bar available)Safety FeaturesAll T-M Vacuum Products, Inc. products areequipped with standard safety features toensure safe operation.Please consultT-M Vacuum Products, Inc. at (856) 829-2000 for availability and pricing ofthese or any other option requirements.*All times and pressures are for clean,dry, empty, out-gassed furnace, starting from ambient pressure and temperature,and may vary. Times and pressures subject to pump size and maximumtemperature.Super Series Vacuum Furnace Interior

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PEP COMPLIANCE OVERVIEW

World-Check, the leading global PEP database solution, provides an overview of the PEP compliance challenge faced by banks, accounting firms, lawyers and other financial service providers, and also explores the nature and origins of PEP compliance legislation.PEPs: An introductionSomewhat unfairly, a series of well publicised events and financial scandals involving highly placed governmental officials and a number of former political dictators earned PEPs worldwide a reputation as being ’risky‘ clients. Yet while dealing with this category of prospective clients certainly requires Enhanced Due Diligence (EDD) and ongoing transactional scrutiny, it would be incorrect to assume that the overwhelming majority of PEPs weren’t desirable clients.There is nothing wrong with dealing with PEPs, provided that the source of their income is transparent and able to withstand scrutiny. Key to mitigating your organisation’s “PEP risk” is the ability to determine between PEPs who warrant enhanced risk management and those that don't.What is PEP risk?From an institutional perspective, the risks associated with a lack of PEP due diligence do not stop at regulatory fines for non-compliance. There is also the risk of severe reputational damage. To compound the PEP risk management challenge, a Politically Exposed Person can become compromised at any given point by just one transaction.Institutions such as Riggs Bank or the Swiss financial houses indicted for their dealings with Augusta Pinochet, serve as a warning against a lack of PEP risk management practices and one that institutions cannot disregard. At the heart of the PEP issue lies risk management; but to understand the need for PEP risk management, the origins of PEP risk need to be examined.Origins of PEP complianceDuring the past couple of decades, several top financial institutions in the world learnt the value of PEP due diligence the hard way. Several Swiss banking houses suffered much public embarrassment relating to their dealings with Ferdinand Marcos, former president of the Philippines, and his family. When it emerged that the dictator and his wife had defrauded the Philippines government of millions of dollars and deposited the proceeds in Swiss bank accounts, the resultant financial scandal and lingering bad publicity illustrated the need for knowing who your customers are, and to be aware of what they are doing financially. The scandal is generally credited as the beginnings of PEP compliance legislation. The term ’Politically Exposed Person‘ has since been use in the Swiss banking community, and was originally created to define a category of high-profile clients whose business warranted a higher level of risk management. Within the financial services industry, PEP Due Diligence thus evolved.Over time, emerging Anti Money Laundering and PEP-specific legislation would make PEP Due Diligence a legal requirement for most regulated financial service providers and, more recently. many other sectors and industries as well.But what are the qualifying criteria for being a Politically Exposed Person?What exactly is a PEP?According to the Financial Action Task Force (FATF), an inter-governmental regulatory body spearheading the implementation of global Anti Money Laundering (AML) and Anti Terrorist Financing (ATF) legislation, PEPs are past or current officeholders, or individuals who are or were formerly entrusted with high-level public functions in a foreign country. Examples of these positions of trust and power include senior politicians, heads of state or of government, senior judicial or military officials, important officials of political parties as well as senior executives of state owned enterprises.PEPs: More than just politiciansIt is not just the primary officeholder that businesses need to assess for PEP risk, but their family and business networks as well.Access to the banking system can being gained through connected individuals, shell companies or other legal entities, and as a result, existing PEP definitions also include family members and close associates of a primary PEP.The Wolfsberg Group, an association of 12 leading international banks, broadened this definition to include individuals whose current or past official position can attract publicity beyond the borders of their home country, or whose financial actions or circumstances may be the subject of increased public scrutiny.What is ‘Existing Client’ Risk?During the period 2005 to 2007 alone, more than 310 elections and by-elections took place around the world – that’s an average of nearly 10 elections per month. (Source: ElectionGuide.org). This means that your existing clients may be elected to public office, and hence become PEPs, without your business knowing it. It may be that you only apply your Enhanced Due Diligence processes to new customers and so miss a whole category of individuals that do not meet your corporate risk appetite. As such, routine and ongoing PEP risk screening is not only considered best practice, but is also a legal requirement.In practice, full compliance with PEP legislation has not come without major operational challenges. In the post-9/11 era, the proliferation of regulatory compliance laws, combined with the need to screen hundreds of thousands of users and accounts on a routine basis, has created a substantial administrative burden for businesses subject to PEP legislation.The sheer magnitude of the due diligence challenge has subsequently led to the adoption of a risk-based approach to regulatory compliance, but nevertheless Enhanced Due Diligence and ongoing risk management is still required for PEPs.What is the risk-based compliance approach?Broadly speaking, the risk-based approach entails the identification of risks that exceed your business’ stated risk appetite (including the need for regulatory compliance), and then matching individuals and entities against these heightened risks during the preliminary stages of due diligence. Should a person fall into one or more of the specified heightened risk categories, additional due diligence ('Enhanced Due Diligence'/'EDD') is then required.Many operational PEP definitions are based on the FATF PEP definition, yet the recent trend has seen also certain national and regional definitions becoming broader in their interpretation of what a Politically Exposed Person is. World-Check's PEP White Paper seeks to contribute to the refinement of the PEP definition and to provide businesses with guidance for dealing with PEPs – especially in jurisdictions where politics and business are closely related.World-Check: A comprehensive PEP compliance solutionFeaturing a database of hundreds of thousands of Politically Exposed Persons, robust data mining capabilities and the ability to bulk-filter entire client bases routinely, World-Check enables your business to meet its PEP compliance obligations with ease and on an ongoing basis. Significantly, it is not just the sheer number of profiles in our PEP database that counts, but also the system’s ability to identify and critically assess PEP risk.About the World-Check PEP databaseMore than 70% of the Egmont Financial Intelligence Units (FIUs) have access to World-Check’s PEP risk intelligence. World-Check emphasises quality, rather than quantity, and sets out to aid organisations in identifying and mitigating actual PEP risk, rather than merely “ticking the boxes” and confirming the position of a Politically Exposed Person. Thousands of new profiles are added to the World-Check PEP database each month, whilst older ones are constantly updated as new public source data becomes available.Widely recognised as industry pioneer and thought leader in the field of PEP due diligence and risk mitigation, World-Check CEO David Leppan is frequently called upon to address top-level industry conferences as a keynote speaker on PEP-related issues and challenges.

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CFT COMPLIANCE INFORMATION

The following article provides an overview of legislation aimed at countering the financing of terrorism (CFT laws), and includes region-specific examples of CFT compliance legislation in the UK, USA and Europe.Following the 9/11 terrorist attacks in New York and Washington, national and international compliance and regulatory frameworks rapidly expanded to include countering the financing of terrorism (CFT) as a central focus. Although terrorist attacks can be carried out with relatively small amounts of money, developing and maintaining terrorist support infrastructures for travel, safe houses and training can add up to substantial sums.Targeting the financing structures of these terrorist networks – business and charitable fronts, states providing sanctuary and security, financiers and financial facilitators, and even transnational criminals such as arms dealers – has proven effective. Taking aim at these support networks significantly downgrades terrorists’ capacity for perpetrating attacks by compelling terrorist enablers to refuse assistance to stateless agents of radicalism and terror.Within this context, national governments and international governing bodies and institutions around the world have implemented CFT legislation, and instituted regulatory initiatives to prevent terrorists and their supporters from exploiting banking and financial systems. These legal and regulatory measures have created many new compliance requirements for countless economic sectors. As such, it is necessary for financial and business professionals to be aware of CFT compliance requirements in general, and of industry-specific CFT regulations, in particular.How is terrorist financing related to money laundering?People launder money to hide the source of funds, which enables them to successfully use those funds in the legitimate economy. The aim of terrorist financing, however, is to ensure funding for terrorism-related activities. Whereas laundered funds always have illicit sources (otherwise there would be no need to launder the money), money used to finance terrorism can come from both legitimate and illegitimate sources. Indeed, the financing of terrorism is intended to camouflage the destination of funds and the nature of the activities being funded; whilst the process of laundering money is concerned chiefly with blurring the origins of the funds.Examples of CFT legislationGiven the large number of legislative changes implemented over a relatively short period, CFT compliance now features a range of new requirements and features. The following list contains examples of CFT-relevant legislation, and in no way is intended to be a comprehensive list.UNSC Resolution 1373 (2001)UNSC Resolution 1373 was established in the wake of the 9/11 attacks against the United States, and it is particularly important because it has been adopted, either in whole or in part, by numerous UN member states. It calls upon all nations to “prevent and suppress the financing of terrorist acts”, criminalise terrorist fundraising, to freeze terrorist funds, and to prohibit terrorists from gaining access to the world’s financial systems. Other UNSC resolutions impact CFT compliance and legislation, including UNSC Resolution 1267 (1999), which sanctioned and demanded the freezing of Taliban and Al-Qaida-controlled funds, and UNSC Resolution 1566 (2004), which updated the UN’s definition of terrorism.The UK Terrorism ActThe UK enacted the Terrorism Act of 2000 as “the primary piece of counterterrorism legislation”, according to the UK Home Office. Created in response to the increasing internationalisation of terror, the Act broadened the scope of UK anti-terrorism legislation that had been more narrowly focused on Northern Ireland.Three key elements of the Terrorism Act of 2000 include: • Proscription of 46 international terrorist organisations in addition to the 14 pertaining to Northern Ireland • Enhancement of the police’s investigatory powers • Criminalisation of terrorism-related offenses such as the incitement of terrorist acts.Several years later, the implementation of the Terrorism Act of 2006 aimed to provide law enforcement departments, intelligence agencies and courts with the necessary tools to combat terrorism. The law also broadened the scope of criminalised terrorist-related activities to include glorification of terrorism, dissemination of terrorist publications, and terrorist training as offenses. The Act proscribed two additional terrorist organisations, on the grounds that they glorified terrorism. Other UK counter-terrorism legislation includes the Anti-Terrorism, Crime and Security Act of 2001, the Regulation of Investigatory Powers Act of 2000 and the Prevention of Terrorism Act of 2005.The USA PATRIOT ActThe USA PATRIOT Act of 2001 was signed into law on 26 October 2001 in the wake of the 9/11 terrorist attacks. The USA PATRIOT Act is a far reaching law with special significance to any bank or corporation that does business in the US or with US partners. One section of particular interest to CFT compliance is Title III: International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001. Many provisions of this complex law are germane to the financial community and require much more extensive review than this summary brief allows.On 12 March 2002, former US Treasury Under Secretary for Enforcement Jimmy Gurule addressed the Bankers Association for Finance and Trade, and outlined several of the key provisions of the Act.US Executive Order 13224Executive Order 13224 was signed by President Bush on 23 September 2001 in order to give the US Government a powerful tool to impede terrorist financing. In general, the Order enables the disruption of financial or other terrorist support networks by authorising the US government to designate and block the assets of terrorism-related foreign individuals and entities. The US Treasury’s Office of Foreign Assets Control (OFAC) executes the Order 13224 through its Anti-Terrorism Sanctions Program.FATF 40 + 9 RecommendationsThe Financial Action Task Force (FATF) issued 40 Recommendations on money laundering which, combined with the 9 Special Recommendations on terrorist financing, effectively cover the regulatory spectrum with respect to Anti Money Laundering (AML) and CFT.The FATF 40 and 9 Special Recommendations are intended to serve as a framework to “detect, prevent and suppress the financing of terrorism and terrorist acts”. While not laws of themselves, many countries have adopted these recommendations in whole or in part.Subjects covered in the 9 Special Recommendations include: • Criminalising the financing of terrorism and associated money laundering • Freezing and confiscating terrorist assets • Reporting suspicious transactions related to terrorism, international cooperation, alternative remittance, wire transfers, non-profit organisations and cash couriers.The EU Third Money Laundering Directive (3MLD)The EU Third Money Laundering Directive, adopted in 2005, required that member states comply with this directive by 15 December 2007. The Directive expands previous EU regulations in order to fully comply with the FATF 40 and 9 Special Recommendations.The scope of the 3MLD is broad with respect to affected industries; its provisions affect not only members of the financial system, but also lawyers, notaries, accountants, real estate agents, casino operators, trust, and company service providers. The Directive also extends to all providers of goods where cash payments in excess of €15,000 are made, irrespective of whether the payment is completed in one transaction, or in cases where several transactions appear to be linked.One of the main requirements of the 3MLD is increased Customer Due Diligence. It is mandated that all required service providers identify and verify the identity of their customers and possible beneficial owners of client entities, and that they continue to monitor their business relationship with customers. The Directive also sets out Enhanced Customer Due Diligence requirements for high-risk customers, such as those who have never been physically present in the business relationship.Reporting obligations is another important subject covered in the 3MLD. The Directive requires that member states establish a Financial Intelligence Unit (FIU) to effectively combat terrorist financing and money laundering. It also requires that the FIU has access to information that it requires to fulfil its tasks. It specifically prohibits (Chapter 3, Section 2, Article 28) companies from disclosing to a customer or third party that an investigation has commenced.Other topics covered in the 3MLD include record-keeping and statistical data storage, as well as enforcement and implementation measures. The 3MLD repeals previous EU Money Laundering Directives, and has been adopted by many member states.

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24 Ocak 2009 Cumartesi

in Multiphase Flow Metering

A range of world leading Tracerco technologies can be used to ensure your flow metering systems run at maximum efficiency.

These specialist services are used on-stream to calibrate one, two or three phase flows to confirm the accuracy of a variety of installed meters.

Areas of application include:

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Measurement of gas flow rate
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Measurement of water flow rate
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Measurement of hydrocarbon condensate flow rate
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Independent measurement of shrinkage

Technology in multiphase flow rate calibration

For many years two-phase and multi-phase flows have been common throughout the oil and gas industry. Until recently, such flows were measured by separating the flow into its constituent components in a test separator followed by conventional single phase metering techniques.

In the constant drive towards more efficient production, development has been focused away from traditional test separators towards more flexible lower cost multiphase metering. Along with these meters goes the need for periodic in-situ calibration. This has led to the development of the TRACERCO Diagnostics™ PhaseCal.
The principle of the measurement is based on the tracer dilution technique that Tracerco have been using for more than forty years. Tracerco can offer the service using either radioactive or non-radioactive tracers. In order to obtain the best quality information, each particular measurement will require subtle changes in the technique. Tracerco’s well trained staff can draw upon years of experience in this technology to ensure that the client gets the maximum amount of useful information from the tests.

Recover, Repair, Recycle

Benefit from Huntron's 30 years of providing quality Diagnostic Tools for PCA Recovery
With today's val
id concerns for protection of our environment, the recovery, repair and recycling of printed circuit assemblies (PCAs) is a positive move towards sustainable environmental-friendly practices.
Huntron has been helping businesses troubleshoot and repair printed circuit assemblies for over 30 years. Repairing rather than discarding failed PCAs keeps the potentially harmful chemical components such as lead out of our world's landfills and disposal sites.
Below is a list of Huntron products to help you recover, repair and recycle PCAs:
• Huntron Tracker 2800
• Huntron Tracker Model 30
• Huntron TrackerPXI
• NFSA RF Prober
New Version of Huntron Workstation Available!
A new version of Huntron Workstation is now available for download. Go to the Workstation Support web page to download version 4.1.3273! Update December 22, 2008.
New Automated Near Field Signature Analysis
Combining the Huntron Access Robotic Probing Station, Huntron Workstation Software and the new Test Evolution (TEV) Non-Contact RF Near Field Probe with local synthetic measurement technology sets the standard for Near Field Signature Analysis (NFSA).
Placing the sensor, receiver and signal processing in one compact RF Probe assembly allows the sensing of EM fields emanating from RF circuitry. A specific position in a Near Field is defined as a Virtual Test Point™ (VTP) where a NFSA measurement is made. Identical circuits emanate nearly identical fields at the VTP. The combination of Huntron Prober and TEV RF Probe allows accurate positioning and measurement of VTPs. This provides the repeatability to measure VTP's from 200MHZ to 3GHZ on RF assemblies.
When used for test, an engineer examines the UUT schematic with an eye toward following the RF signal path. Using Huntron Workstation Software, points along that path are selected for Virtual Test Points (VTP). A set of known good boards are then scanned making and saving Near Field signatures at the VTP's. Unknown UUT's are scanned with the same VTP's against the saved signatures. Any deviation against stored signatures indicates areas of concern.
Near Field Signature Analysis (NFSA) is close proximity sensing of EM fields emanating from RF circuitry. Near Fields are close to active circuits with the strength dependent on power and circuit design. AC circuits radiate a unique frequency and magnitude “signature” being a function of frequency of operation, magnitude, distance to the test probe and geometric location of the probe.
The RF NFSA Prober will be available from Huntron to USA customers only in early 2009. Contact Huntron for more details on Near Field Signature Analysis.
Download the latest NFSA RF Prober brochure now!
Huntron Access USB Probers
The NEW Huntron Access USB Probers are the latest versions of the popular robotic probers used to automate testing of complex printed circuit boards. The Access USB Probers come in two sizes - the Access USB Prober can handle PCBs up to 19.4” by 14” and the larger Access 2 USB Prober can hold PCBs up to 22” by 23” in size. The new Probers come with a USB Probe Tip camera to monitor the probe placement as the test progresses. Both Probers uses linear encoders for incredible 20 micron accuracy. The new Access USB Probers can also be ordered with the Tracker Model 30 embedded inside the chassis for a space saving, all-in-one platform.
Download the latest Diagnostic Systems brochure now!
Huntron's flexible, automated diagnostic solutions help people solve circuit card problems.

Huntron was founded in 1976 with the introduction of the Huntron Tracker®, the pioneering troubleshooting tool that uses power-off signature analysis to identify component failures on printed circuit boards.

Today, Huntron's reputation in providing automated power-off diagnostics results in instrumentation and software for test, inspection and repair of electronic printed circuit assemblies.
As density and complexity increase, printed circuit assemblies become tougher to probe and test. Huntrom complements conventional test equipment with access and test tools that catch the elusive problems other test methods often miss. The keys are physical and virtual access, which translates into meaningful results such as shorther design cycles, improved production yield and lower warranty costs. When you need to test, diagnose or troubleshoot complex circuit boards, Huntron lets you access, explore and discover more.
Contact us for more information on how we can help solve your test and troubleshooting needs
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Hotel Chain: K+K Hotels

HOTEL FACILITIES
General : Parking, Pets Allowed, Bar, 24-Hour Front Desk, Newspapers, Non-Smoking Rooms, Rooms/Facilities for Disabled Guests, Elevator, Express Check-In/Check-Out, Safety Deposit Box, Soundproofed Rooms, Heating, Luggage Storage, Gay Friendly, Airconditioning
Activities : Sauna, Fitness Centre, Massage
Services : Room Service, Business Centre, Babysitting/Child Services, Laundry, Dry Cleaning, Breakfast in the Room, Internet Services, Currency Exchange, Car Rental, Fax/Photocopying, Wi-Fi/Wireless LAN, Free Wi-Fi Internet Access Included
Internet: Wired internet is available in the entire hotel and is free of charge.
Wireless internet is available in public areas and is free of charge.
Parking: Public parking is possible at a location nearby and costs EUR 32.00 per day.

Food & beverage

A generous buffet breakfast is served in the breakfast room from 06:30 to 11:00 (weekdays), and from 6:30 to 12:00 (weekends).

The Bistro-Bar is open daily between 12:00 and 00:00.

Room Service is available between 12:00 and 22:00 each day.

Area information

Saint Germain des Prés is an area of the 6th arrondissement of Paris, located around the church of the former Abbey of Saint-Germain-des-Prés. Home to a number of famous cafés, such as Les Deux Magots and Café de Flore, the Saint-Germain-des-Prés area was the center of the existentialist movement (associated with Jean-Paul Sartre and Simone de Beauvoir).

The Musée d'Orsay, situated on the left bank of the Seine, is housed in the former railway station, the Gare d'Orsay. It holds mainly French art dating from 1848 to 1914, including paintings, sculptures, furniture, and photography, and is probably best known for its extensive collection of Impressionist masterpieces by popular painters such as Monet and Renoir.

The Musée Rodin contains most of Rodin's significant creations, including The Thinker and The Kiss. Many of his sculptures are displayed in the museum's extensive garden. The museum has also a room dedicated to works of Camille Claudel.

Hotel Policies
Check In: 14:00 hours
Check Out: 12:00 hours
Cancellation Policy: If cancelled or modified up to 1 day before the date of arrival, no fee will be charged.
If cancelled or modified later or in case of no-show, the first night will be charged.
Children and Extra Bed Policy: All children are welcome.
One child under 5 years stays free of charge when using existing bedding.
One child under 2 years stays free of charge in a baby cot.
One older child or adult is charged EUR 55.00 per night and person in an extra bed.
Maximum capacity of extra beds/babycots in a room is 1.
Deposit Policy: No deposit will be charged.
VAT and city/tourist taxes: VAT is included.
Service charge is included.
City/tourist tax is included.
Meal Plan: Buffet breakfast is not included and costs EUR 25.00 per person.
Pets: Pets are allowed on request. No extra charges.
Accepted credit cards: The hotel reserves the right to pre-authorise credit cards prior to arrival.

* American Express
* Visa
* Euro/Mastercard
* Diners Club
* JCB