Category Archives: Uncategorized

xxx “Most attacks require very little money, and terrorists tend to use a wide range of money-transfer and fundraising methods, many of which avoid the international financial system. Instead of continuing to look for needles in a haystack, governments should overhaul their approach to countering terrorist funding, shifting their focus” The Problem With the WarContinue reading “POST The war on cash, terrorism special”

xxx President George W. Bush signed Executive Order 13224 September 23, 2001… ‘Money is the lifeblood of terrorist operations,’ Bush said at the time. ‘We’re asking the world to stop payment.’ More than 15 years later, the war on terrorist financing has failed. Today, there are more terrorist organizations, with more money, than ever before”Continue reading “The Problem With the War on Terrorist Financing | Foreign Affairs”

xxx “A study of 1 million transactions in the United Kingdom found losses incurred through self-service technology payment systems totalled 3.97% of stock, compared to just 1.47% otherwise. “ The economics of self-service checkouts xxx

xxx “According to a spokesman for Bank of Ireland, which operates the largest branch network in Ireland, just 3 per cent of customers’ total transactions are conducted over the counter today, with the rest taking place on mobile app, online banking and contact centres.” Bank of Ireland to have 100 branches ‘cash free’ xxx

xxx “The Central Bank of Nigeria underscored the seriousness of this matter recently when it reported a N2.19 billion loss by the country’s commercial banks to e-fraud in the 2016 fiscal year. There were 19,531 recorded cases in 2016, compared with 10,743 in 2015. This is an 82 percent increase in e-fraud cases between 2015Continue reading “Checking e-fraud in Nigerian banks – Nigeria Today”

xxx “‘You can’t claim a machine is broken because you want it to be broken. Does that mean it wasn’t inspected? Does it mean it wasn’t maintained?,’ Ripka told CNNMoney. ‘And if so, does that mean that people that played there before [Bookman] had zero chance of winning?’” Woman sues casino that offered her steakContinue reading “Woman sues casino that offered her steak dinner instead of $43 million jackpot – Jun. 15, 2017”

xxx “Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes as the high street lenders implement rules intended to make the financial system safer, a Bank of England official has said… The change has been caused by the Vickers rules, which force banks to ringfence their highContinue reading “Sorting out sorting”

xxx ” There are people for whom money is an overwhelmingly dominant motivation, and who are primarily self-interested and opportunistic, but they are defective as human beings, and generally not suitable for employment in senior positions in complex organisations.” The concept of the corporation – John Kay xxx

xxx ” Paulson used ‘synthetic collateralised debt obligations’—securities whose value depended on a package of subprime mortgages he had identified as particularly likely to fail. He then bought credit default swaps linked to these obligations.” Gambling is a feature of capitalism—not a bug | Prospect Magazine xxx

xxx “when regulators perceive insurance when they should see wagering, their actions magnify a crisis rather than minimise it. Such destabilising speculation, mischaracterised by regulatory authorities as prudent risk assessment, is what caused the global financial crisis of 2008.” Gambling is a feature of capitalism – not a bug – John Kay xxx