Chinese Walls within organizations are used to stop the flow of information between different departments to avoid conflict of interest and insider dealing (in the case of a bank). #humanresouces #bankingindustry #hr #culture #inanutshellbymj #marijosamneh
1- Logical-mathematical intelligence: is the ability to reason, solve problems, and learn using numbers. They are methodical and think in linear order.
2- Linguistic intelligence: is the ability to understand both spoken and written language, as well as the ability to speak and write easily.
3- Visual-Spatial Intelligence: is the ability to perceive, analyze and understand visual information. Interpreting pictures, graphs and charts is part of this type of intelligence.
4- Musical Intelligence: is the skill of composition and appreciation of musical patterns.
5- Bodily-kinesthetic Intelligence: is the ability to process information physically, through hand and body movement.
6- Intrapersonal Intelligence: is the ability to look inward. They can figure out their own feelings, motivations and goals, and analyze themselves.
7- Interpersonal Intelligence: is the ability to understand, interact and relate to other people around. They are able to pick on the mood, characteristics, emotions, and intentions of those around them.
8- Naturalistic intelligence: is the ability to identify and manipulate elements of the environment, objects and plants. They can be in touch with nature.
Moving forward, I will be sharing some definitions related to Compliance matters. I started with the PEPs, due to the fact that lately, rumors spread around the fact that Chairmen of banks are considered as PEPs. #compliance#pep#politicallyexposedpersons
Anti-money laundering program: This system is designed to assist institutions in their fight against money laundering and terrorist financing. In many jurisdictions, government regulations require financial institutions, including banks, securities dealers and money services businesses, to establish such programs.
Shell and Shelf companies are both accepted legally, as long as they are used for legitimate purposes. However they pose higher risks from a compliance standpoint: Shell Companies could be used to conceal the identity of ultimate beneficial owners. Therefore, it can inter alia, be used as part of an AML and/or tax evasion scheme. Shelf companies can make their purchaser appear to have admirable business attributes such as stability, legitimacy and a great credit score. Buying a shelf company can allow fraudulent business to mislead customers.
