Kushal Pens

What is money laundering? What is the objectives of anti-money laundering/combating the financing of terrorism (AML/CFT) policy in any country? Money laundering shall refer to any of the following acts: i. The conversion/transfer of funds by any person who knows or should have known or there are sufficient grounds for suspecting that such funds are the proceeds of illegal sources. For the purpose of concealing/disguising the illegal origin of such funds or for assisting any person who is involved in the commission of the predicate offence to evade the legal consequences of his/her actions. ii. The concealment/disguising of the true nature, source, location, disposition, movement or ownership of or rights with respect to funds by any person who knows or should have known or suspects that such funds are the proceeds of crime. iii. The possession, acquisition or use of funds by any person who knows, should have known or there are sufficient grounds for suspecting that ...

How are the loans/advances classified in Nepal? Explain in detail. Nepal Rastra Bank, a central banking authority have clearly mentioned the classification of loans/advances in unified directives 2075 which is listed in directive no. 2/075. Entire loan and advances extended by a licensed institution (it means BFIs licensed under its authority) have to be classified as follows based on expiry of the deadline of repayment of the principal and interest of such loans/advances: (Source of image is internet) A. Performing Loan: Performing loan includes pass and watch list loan in following: 1. Pass: a. Loans/advances which have not overdue and which are overdue by a period up to one month, b. Loans/advances of fixed receipts, c. Loans/advances of government of Nepal securities and loans/advances made against the collateral of Nepal Rastra Bank bonds,   d. Loans/advances extended in maximum up to 10 lakh against the collateral of gold and silver. ...

Trends of library usage and need for innovative intervention among youth of Kerala Kushal Krishna Kharel & Anish Joseph Kuriakos MBA, University of Kerala Abstract The growing trend of online platform among youth has influenced the habits of youth in their day to day life. They prefer online platform for getting task done, it may be filling electricity bills, online shopping, online ticketing, etc. Youths of today are becoming choosey, they want everything to be perfect and in time, so this paper proposes the library administration to come up with improved ideas that can change in their traditional approach. Paper shows the increasing inclination towards internet than going to the physical library. This paper explains about the trend of library visiting among youth in Kerala and offers the suggestion of amendment for improved service and increment in library participants. Paper forwards the natural indication of youth towards library they are having at present thro...