30 August 2022  

Three Type of Sanctions – In a Nutshell

Types of Sanctions
Comprehensive Sanctions: These types of sanctions are usually applied to countries.
They prohibit institutions from dealing with certain countries, however, some exceptions concerning humanitarian aid may take place.
Sectoral Sanctions: Under this type of sanction, dealing with a country in a specific sector is prohibited, i.e. energy, petroleum, arms, etc.
However, it is permissible to deal with the targeted state in other sectors.
Targeted Sanctions: This type of sanction usually applies to individuals, entities, and groups, due to committing acts related to Money Laundering or Terrorism Financing.
 
06 July 2022  

CBI & RBI – In a Nutshell

CBI & RBI
“Citizenship by Investment” (CBI) and “Residence by Investment” (RBI) schemes are offered by a number of jurisdictions to foreign individuals wishing to obtain a citizenship or residence on the basis of local investments or against a flat fee.
CBI/RBI can be misused to undermine the Common Reporting Standard (CRS).
This occurs when a customer claims to be resident for tax purposes of the CBI/RBI jurisdiction to a Bank, instead of his/her real jurisdiction.
He/she can provide the Bank with supporting documentation issued under the CBI/RBI scheme, such as “certificate of residence”, or “passport”.

#compliance #bankingindustry #crs #inanutshellbymj #marijosamneh

29 June 2022  

Marijo Samneh Quote 3

What’s worse than tattling behind your colleagues’ back, is smiling at their faces when they are around.
Even worse, is when a manager, who is supposed to lead the team and manage the negativity at the workplace, is the one circulating the gossip.
#gossipattheworkplace #inanutshellbymj #marijosamneh
29 June 2022  

Marijo Samneh Quote 4

Dear Managers,
Knowledge capital, and capabilities including the company’s human capital are the most important types of assets to build a competitive advantage. Therefore invest in your people, help them grow, and never make them feel they work for you.

#leadership #management #inanutshellbymj #marijosamneh