Sentences with phrase «bank account of a company»

The EFCC, in its ex parte application, accused Alade of diverting funds from the Lagos State Public Works Corporation into the bank account of a company, MAJ Anny International Limited, where he is a director.

While Bank Hapoalim has embraced Blockchain technology, the Israeli Supreme Court decided that Bank Leumi was prohibited from limiting the bank accounts of companies associated with the crypto / Blockchain industry.

Not exact matches

During the credit crunch, alternative lenders — cash advance companies, accounts receivable funders, factors, and micro lenders — took advantage of the slowdown in bank loan volume.

Those are added to the blockchain, triggering a release of funds from the video game company's bank account.

«Shell companies are perfect for owning assets or opening bank accounts without leaving a trace of whose money it actually is,» Business Insider previously reported.

With money in the bank, it's easy for your marketing team to think they can be anywhere and everywhere: attending every conference, marketing to companies of all sizes from SMB all the way up through enterprise accounts... but you can't do it all.

Alternative lenders may use information from payment processing companies, business bank accounts, and even Internet retailers to validate the legitimacy of a business.

Any email that asks for personal details, especially bank account information, should be deleted, and staff should be suspicious of any email that asks for company information.

For example, front - line caisse workers have expressed irritation with having to juggle different protocols and technological systems for each of the company's various service offerings — personal banking, credit cards, investment accounts, insurance and so on — while serving a single member.

Facebook and Google were the victims of an elaborate $ 100 million phishing attack, according to a Fortune report, with employees at both companies tricked into sending money to overseas bank accounts.

Bilinkis is a man who takes his responsibility to society seriously, but he admitted to me that when he sold the company, the thought of hiding the proceeds from the sale in a foreign bank account flitted through his mind.

In August, a North Carolina judge reportedly rebuked OnDeck, calling the company «particularly willful and malicious», for continuing to debit payments from a new bank account set up by Wayco Ham, of Goldsboro, after it had filed for bankruptcy.

According to the company, Indians opened more than 200 million new bank accounts in the past several years, although there is still a large percentage of citizens who are considered unbanked.

Tolstedt heads up the community banking division that in part oversees the retail banking and credit card operations part of the company and which was responsible for the improperly opened accounts.

The last time this happened, Greece was undergoing an economic collapse and citizens were shut out of accessing their bank accounts, leading many bitcoin companies toattempt to harness the opportunity to drive Greeks to digital currency.

At the same time, the bank is also trying to improve the profit margins in its wealth management unit, which now accounts for about 40 percent of the company's revenue, looking at both increasing assets under management and selling clients more products.

While 30 percent of cannabis companies have a bank account, no cannabis company can accept debit or credit cards because companies like Visa and Mastercard will not give the industry merchant accounts until federal law changes.

Safeguard important information such as tax identification and bank account numbers, and watch for change of address notices from credit companies or other vendors.

For this reason, an entire cottage industry of armed cash pick - up and delivery companies has emerged in states like California, Colorado, Oregon, and Washington to bring millions in cash to entrepreneur's homes, private vaults, or banks or local federal reserve branches (some banks prefer to bring the cash straight to their federal account) for the ones with bank accounts.

The result is that 70 percent of cannabis companies don't have a bank account.

They handed over their bank account and email information to a company that was in no way affiliated with a bank and had kind of a cutesy name.

Instead of looking at a number in a bank account, consider lines of credit or capital partners who are willing to pony up more money when the company hits difficult times.

To transfer ownership, the company creates an ESOP — a kind of trust account — and takes out a loan from its bank for $ 4 million, 40 % of the firm's value.

Call up your local big bank or cable company (if Comcast, my condolences) and before anyone will lift a finger to help you, they'll ask for a pile of personal information, account information, your deepest fear, and a blood sample.

Although she expected the worst, Greenberg was still stunned by what she found: accounts payable kept in paper form in an employee's desk drawer; no lines of bank credit; routine loans from «the bank of Dave» to the company; no plans for raising capital.

Grab has been seeking to dominate the regional market for car and motorbike hailing and has expanded into other areas, recently announcing plans to partner with a Japanese credit card company to provide credit to millions of people without bank accounts.

Three Inc. 500 companies used no outside accounting at all, banking instead on the expertise of in - house CPAs.

But one reason our bank knows it's not true is because we've been able to spend so much time educating the people connected with our account about what's really going on and where the opportunities lie for our company, regardless of the downturn in the economy or changes in our industry,» he says.

On a typical morning, Frederick Roberts and his staff pore over faxes that detail balance figures from the company's international accounts in Europe and the Far East (at present most foreign banks don't have the menu of on - line services that major U.S. banks have introduced).

In September, Deloitte, one of the world's largest accounting firms, reported that hackers breached the company's email, accessing sensitive information on 350 clients, including the U.S. government, banks, and other corporations.

The bank is aggressively targeting smaller businesses for its new service, which at a monthly cost of $ 5 (and a one - time charge of $ 14.95 for the software) allows even a one - person company to manage multiple accounts in real time from a PC.

Barbara Grogan, chief executive of $ 10 - million Western Industrial Contractors Inc., an industrial construction company in Denver, is a big fan of banking improvements that allow her to manage interstate payrolls and multiple bank accounts by fax — «making financial decisions in 20 minutes that once might have taken two months.»

Yahoo said data stolen may have included names, email addresses, telephone numbers, dates of birth, and encrypted passwords but that unprotected passwords, payment card data, and bank account information did not appear to have been compromised, the company said.

Karen Hostetler, cash coordinator in the company's financial section, employs Apple Plot to gauge the disbursement and clearing of checks for 75 different corporate bank accounts.

Looking at the bleak condition of my bank account, I quickly realized how difficult it would be to pay rent and launch a company simultaneously.

That includes some accounts Facebook has trumpeted pretty loudly over the past year, like the Royal Bank of Scotland and Club Med, plus several multinational businesses we haven't heard about before that are rolling out the service among more than 100,000 employees such as French food giant Danone, and U.S. coffee company Starbucks.

The company's banking services include portfolio credit lines — a user can withdraw up to 30 percent of account value.

If the government can guarantee certain savings in bank accounts through the F.D.I.C., why not establish a program that would require that every employee own a regulated block of stock (Retirement Account) made up of stock in the company the employee works for and, so the employee will not have all his retirement eggs in one basket, include in this retirement basket high rated bonds and stocks from other non-competing employee - owned companies?

Your bank or broker will have discretion to vote any uninstructed shares on the ratification of the appointment of the Company's independent registered public accounting firm (Proposal 4 in this Proxy Statement).

The company is looking to raise up to $ 19 million through the sale of its own coin — OMG, short for Omise Go — which will be used to power a network that lets users transfer money and make payments without the need for a bank account or high service fees.

Offshore company setup and opening bank account is an intelligent method of managing assets and income.

Most Bitcoin exchanges on the contrary hold your funds as a rule unsecured on the company bank account of the exchange operator with the risk of a total loss should the exchange operator become insolvent.

The list includes a former Stanford dean who is an accounting professor, the former CEO of an insurance company, the former CEO of an international bank, a hedge fund manager, a prominent Asian financier, and an economist who is the former head of the U.S. government's Commodity Futures Trading Commission.

As a wealth management client, investment assets are held in an account at Pershing Advisor Solutions, a Bank of New York Mellon Company.

If the proposal goes through, FinTech companies applying for a special purpose national bank charter will have to have a robust, well - developed business plan, and a governance structure, capital levels, and liquidity that take into account the risks and complexity of its activities and services.

For auditors of public interest entities, such as banks, insurance companies and listed companies, the committee agreed that audit firms would have to provide shareholders and investors with a detailed understanding of what the auditor did and an overall assurance of the accuracy of the company's accounts.

Because we do not expect to earn revenue from our business operations during the current taxable year, and because our sole source of income currently is interest on bank accounts held by us, we believe we will likely be classified as a «passive foreign investment company,» or PFIC, for the current taxable year.

The account combines «all the features of traditional banking with the crypto economy,» the company added, noting that «We aim to introduce the new Bitwala accounts to the world within the next few months.»

A $ 5 million American - based company bank account was seized, and this was the end of anyone wanting to play in the American's sandbox.

Colgate (CL) will still sell plenty of toothpaste, Procter & Gamble (PG) will still sell plenty of detergent, most of the companies that service where you work will continue to do so, most people will keep their cellphones, you will have a bank account somewhere and so on.