#bank financial statement analysis

[perfios]

The Perfios bank financial statement analysis tool is the best tool for analysing bank statements. The Perfios Bank Statement analyzer is a very powerful tool that can help you manage your finances better.

[novelpatterns]

How Can CART Revolutionize Bank Statement Analysis for Financial Institutions?

Novel Patterns’ CART (Credit Assessment and Robotic Transformation), is an AI-powered solution that automates bank statement analysis, delivering faster and more accurate insights into an applicant’s financial history. This article explores how CART revolutionizes the process of credit underwriting by providing accurate data, preventing fraud, and improving overall operational efficiency.

Automated bank statement analysis for faster credit decisions.

Detects fake bank statements and fraudulent activity with AI.

Provides real-time insights into financial health and spending patterns.

Improves decision accuracy with advanced data parsing and machine learning.

Reduces Turnaround Time (TAT) by 40–70%, speeding up loan approvals.

Predictive analytics to reduce Non-Performing Assets (NPA) by 40–60%.

Helps lenders make informed financial decisions with clear, actionable data.

Scales effortlessly to handle high application volumes with cloud-based infrastructure.

What is a Bank Statement Analysis? : A Key to Financial Health and Risk Management

With CART, this process is automated and enhanced with machine learning. The system collects data from bank statements, processes it through bank statement analyzers, and generates real-time reports on financial behavior. CART does more than just include monthly figures for income and expenses — it delivers actionable insights, flagging any anomalies that could indicate potential fraud or fraudulent activity.

Key Features of CART for Advanced Bank Statement Analysis

1. Advanced AI-Powered Data Parsing for Financial Data

In addition to processing traditional bank statement analysis, CART is designed to detect fake bank statements by identifying inconsistencies or missing transaction patterns. This ensures the accuracy of the financial data used to assess credit risk and improves overall decision-making.

2. Automated Credit Decision Support

The system highlights key risk factors, such as missed payments or irregular deposits, and suggests whether further investigation is needed. This automation reduces the manual workload and improves processing times by up to 70%. CART has been shown to cut Turnaround Time (TAT) by 40–70%, leading to quicker loan approvals.

3. Real-Time Decision-Making with AI-Driven Insights

This not only improves credit assessment but also aids in the detection of potential fraud. For instance, if an applicant attempts to manipulate their financial health by submitting fake bank statements, CART can quickly detect discrepancies and flag the application for further review.

4. Reducing Non-Performing Assets (NPA) Through Predictive Analytics

How CART Optimizes the Credit Underwriting Process

1. Fraud Detection and Prevention

One of the most significant challenges for financial institutions is the detection of fraudulent activity and fake bank statements. CART employs anomaly detection algorithms that learn from past fraudulent cases to identify new threats. It flags inconsistencies in financial data, unusual transaction patterns, and other red flags that could signal fraud.

For instance, the system is adept at spotting sudden, large deposits that don’t align with the applicant’s regular income. Such anomalies are flagged for manual review, allowing lenders to mitigate the risk of fraud early in the credit assessment process.

2. Enhanced Workflow and Scalability

CART integrates seamlessly with existing core banking and loan management systems, making it an ideal solution for financial institutions of all sizes. The platform’s API-based architecture ensures real-time communication between different systems, optimizing workflow and reducing bottlenecks in the credit underwriting process.

As financial institutions grow, the demand for scalable solutions increases. CART is built on cloud-based infrastructure, which enables it to scale effortlessly to accommodate high volumes of applications. This scalability is crucial for large lending institutions that handle millions of loan applications each year.

3. Customizable Credit Risk Framework

Every financial institution has its own credit risk policies. CART offers a customizable rule-based engine that allows lenders to tailor their credit scoring models based on their unique requirements. Whether it’s assessing personal loans, business loans, or mortgages, CART adapts to meet the specific needs of the institution.

Technical Architecture: The Engine Behind CART

1. Data Ingestion Layer

The data ingestion layer is responsible for extracting financial data from various document formats. CART uses Optical Character Recognition (OCR) to convert unstructured data into a readable format, enabling the system to extract income, expenses, and account balances from bank accounts.

2. AI and Machine Learning Core

Once the data is ingested, it passes through the AI and machine learning layer, which categorizes transactions and detects anomalies. The system is trained to identify fraudulent activity, flagging any unusual behavior in financial data that could indicate potential fraud.

This layer ensures that CART integrates seamlessly with external systems, such as Loan Origination Systems (LOS) and Customer Relationship Management (CRM) platforms. The integration layer is essential for ensuring real-time data flow between various systems, making CART a vital part of any lending institution’s digital ecosystem.

The Business Case for CART: Why Choose This Bank Statement Analyzer?

Time and Cost Efficiency: By automating bank statement analysis, CART reduces manual labor costs and accelerates the loan approval process. This results in significant cost savings — up to 55%—for financial institutions.

Fraud Prevention: CART is equipped with advanced algorithms to detect fake bank statements and prevent financial fraud, ensuring that lenders only approve legitimate applicants.

Data-Driven Insights: The AI-powered system offers detailed insights into income, expenses, and spending patterns, allowing lenders to make better financial decisions. The ability to track effective cash flow management also enables institutions to assess an applicant’s capacity to repay loans.

Regulatory Compliance: CART adheres to stringent data security and compliance standards, making it suitable for financial institutions that deal with sensitive customer information. The system ensures that all data is encrypted and handled in compliance with regulations.

Re-wind up: Transforming Bank Statement Analysis with CART

The future of bank statement analysis lies in automation and AI-driven insights. Novel Patterns’ CART offers financial institutions a solution that not only improves effective cash flow management and credit decision-making but also mitigates risks such as potential fraud and fake bank statements.

With its advanced AI models, customizable framework, and robust fraud detection systems, CART is poised to redefine the credit underwriting process, ensuring that financial institutions can make more informed decisions with speed and precision.

[shanayasharma11]

OneInfini's online course on General Banking is the perfect way to kick-start your career in the banking industry. Our expert instructors will guide you through the essentials of banking, from customer service and financial analysis to investment strategies and portfolio management.

[personastrologyhub]

Chart Observations, Charts of Selena & Analysis of the day of death. RIP Queen!

SPOOKY SEASON! Okay so in light of all hallows eve, I was feeling kind of morbid this morning and started to analyse how an assassination would appear in the charts of the legends we lost.

I'm starting this series starting with the Queen Selena Quintanilla 

Observations

Feel free to comment of leave your own observations.

Selena Quintanilla was born on April 16, 1971, in Lake Jackson, Texas.

She was murdered on March 31, 1995, in Corpus Christi, Texas, by Yolanda Saldívar.

Astrological Analysis with Example Connections

Selena’s Natal Chart Influences: Indicators of Vulnerability and Fame

Sun in Aries (Self-Determination and Fame): Her Aries Sun (ambition, independence) ruled by Mars (conflict, intensity) suggests a life marked by public visibility and an inner fire, but also potential clashes, especially within her relationships. The energy of Aries can attract passionate, even confrontational, dynamics, as seen in her final interaction with Saldívar, leader of  fan club and boutique. 

Venus in Pisces (Compassion and Trust):

Venus in Pisces reflects Selena’s deeply compassionate, forgiving, and trusting nature, which contributed to her broad appeal. However, Pisces (illusion) can sometimes blur boundaries, making those with this placement prone to seeing only the best in others, which could leave them vulnerable to betrayal. Selena’s Venus in Pisces (forgiveness, idealism) represents her tendency to trust others easily, seeing only the good in them. This could have made her more vulnerable to manipulation by someone close, as Pisces is often blind to hidden dangers within relationships. (Pisces rules mysteries, secrets, something that is hidden and unknown.)

North Node in Sagittarius (Public Influence): The North Node in Sagittarius (public exposure) aligns with a life of influence in the public sphere but also reveals potential risks associated with placing trust in those beyond her immediate family circle. Sagittarius emphasizes growth and risk, which may have exposed her to hidden threats.

Astrological Transits on March 31, 1995: The Day of the Assassination

Mars Conjunct Selena’s Saturn in Pisces (Conflict and Karmic Reckoning): On the day of her assassination, Mars (planet of aggression/fights/war and conflict) was conjunct Selena’s Saturn in Pisces. Mars (violence, aggression) in conjunction with Saturn (endings, karmic lessons) in Pisces (hidden enemies, secrets) represents a confrontation that culminated in betrayal and death. Pisces’ secretive influence implies that unresolved tensions with Saldívar were exposed, leading to a violent end.

Pluto Opposing Selena’s Moon in Taurus (Financial Betrayal and Emotional Vulnerability): Pluto in Scorpio (secrecy, intensity) opposing the Moon in Taurus (personal security, finances) highlights betrayal involving money and trust, with the emotional impact felt deeply by Selena. The financial element is underscored as she confronted Saldívar about bank statements, catalyzing the violent encounter.

The Impact of Transiting Pluto and Mars in Selena’s Natal Chart

Transiting Pluto in Scorpio (Themes of Death and Hidden Motives): Pluto (death, hidden motives) in Scorpio (intensity, revenge) amplified themes of betrayal and secrecy, bringing unresolved tensions with Saldívar to the surface. Scorpio’s association with power struggles implies that Selena’s final confrontation involved deep-rooted issues, reflecting Pluto’s fateful influence on her life.

Mars Activating Saturn in Pisces (Hidden Conflicts Resurfacing): The Mars-Saturn conjunction in Pisces signifies hidden or latent issues that reach a breaking point, often with sudden or final consequences. Pisces, representing things unseen, suggests an enemy within her inner circle whose hidden motives were finally exposed. Mars (aggression, action) conjunct Saturn (karmic consequences, boundaries) in Pisces (secrets, illusions) triggered hidden conflicts and brought long-standing issues with Saldívar into full view.

Moon in Sagittarius Conjunct Selena’s North Node (Life Path and Legacy): The Moon in Sagittarius aligned with Selena’s North Node on the day of her death, amplifying themes of fate and life mission. The Moon (emotions, public connection) in Sagittarius (legacy, life mission) conjunct her North Node (destiny) points to a pivotal moment that defined her path and influence. This aspect symbolizes the transformative impact of her passing, leaving an enduring legacy aligned with her life’s purpose.

Venus Opposite Pluto (Possessiveness and Betrayal): Venus in Taurus (relationships, loyalty) opposing Pluto in Scorpio (secrets, power struggles) emphasizes intense dynamics within relationships, suggesting themes of possessiveness, control, and betrayal. This alignment reflects Saldívar’s obsessive attachment to Selena and the tragic outcome of this toxic relationship.

Pluto’s influence over Venus mirrors the obsessive and possessive dynamics that culminated in violence, revealing hidden motives in their relationship.

Summary

Influences such as Mars conjunct Saturn in Pisces, Pluto in Scorpio opposing her Moon, and Venus opposing Pluto paint a vivid image of betrayal, hidden motives, and an escalating confrontation fueled by jealousy and possessiveness .Each Example Connection reveals how astrological symbols mirrored real-life events, from the violent confrontation in a private setting to Selena’s unyielding trust in someone from her inner circle. Her astrological transits on March 31, 1995, echo themes of trust, karmic reckoning, and finality, as aspects aligned in ways that exposed vulnerabilities and triggered hidden tensions, ultimately marking the end of her bright and beloved life.

[odinsblog]

For all the time Republicans spend complaining about the economic struggles faced by everyday Americans, they remain steadfast in their commitment to ensuring major corporations can continue squeezing their customers.

Late Wednesday afternoon, the GOP-controlled House Financial Services Committee voted to advance a bill that would repeal a new Consumer Financial Protection Bureau (CFPB) rule that drastically reduces the caps on credit card late fees - from $30-$41 to $8.

The legislation would also repeal the CFPB's ban on automatic adjustment of late fees due to inflation. In the Democratic-controlled Senate, where the bill is expected to fail, a similar repeal measure was introduced by Banking, Housing, and Urban Affairs Committee Ranking Member Tim Scott (R-S.C.) — who has recently devoted most of his energy to fawning over Donald Trump — and co-sponsored by 12 other Republicans.

“Credit card companies penalize consumers with exorbitant late fees that far exceed their actual costs, raking in billions of dollars in profits on the backs of those who can least afford it,” said Chuck Bell, advocacy program director for Consumer Reports, in a statement urging Congress to reject the repeal.

According to Republicans on the committee, however, lowering late fees will “harm consumers by shifting costs to responsible consumers who pay on time in the form of higher annual fees and higher interest rates,” while removing incentives for timely payments.”

An analysis published this week by the watchdog group Accountable.US found that Republicans on the committee have “received over $7.9 million from industry groups against this rule and the largest credit issuers.”

(continue reading)

[mojave-pete]

I have been unfairly sued by the Trump Hating Democrat Attorney General of New York State, Letitia James, over the false fact that I inflated my Financial Statements in order to borrow money from Banks, etc. The Judge in the case, Arthur F. Engoron, refused to allow this case to go to the “Commercial Division,” where it belongs, because he is a Trump Hater beyond even A.G. James, who campaigned against me spewing horrible inflammatory statements which are False & Defamatory. I am not even allowed a Jury! The facts of this case are simple. 1) I AM WORTH MUCH MORE THAN THE NUMBERS SHOWN ON MY FINANCIAL STATEMENTS. 2) I DIDN’T EVEN INCLUDE MY MOST VALUABLE ASSET, MY BRAND/GOODWILL. 3) THE BANKS WERE PAID BACK IN FULL, OFTEN EARLY, THERE WERE NO DEFAULTS, THE BANKS MADE MONEY, WERE REPRESENTED BY THE BEST LAW FIRMS, & WERE VERY “HAPPY.” THERE WERE NO VICTIMS! 4) ON THE FRONT PAGE OF THE FINANCIAL STATEMENTS THERE IS A STRONG “DISCLAIMER CLAUSE” TELLING ALL NOT TO RELY ON THESE….(continued)

Page 2: FINANCIAL STATEMENTS. THE DISCLAIMER CLAUSE TELLS ANYONE REVIEWING THE DATA, INCLUDING FINANCIAL INSTITUTIONS, TO DO THEIR OWN RESEARCH AND ANALYSIS - IT IS A NON RELIANCE CLAUSE, AND COULD NOT BE MORE CLEAR. ADDITIONALLY TO MY BEING WORTH FAR MORE THAN IS SHOWN IN THE “FULLY DISCLAIMED” FINANCIAL STATEMENTS, AGAIN NOT PUTTING DOWN A VALUE FOR MY BIGGEST ASSET, BRAND/GOODWILL, THE COMPANY HAS HUNDREDS OF MILLIONS OF DOLLARS IN CASH, AND VERY LITTLE DEBT. It is a great company that has been slandered and maligned by this politically motivated Witch Hunt. It is very unfair, and I call for help from the highest Courts in New York State, or the Federal System, to intercede. THIS IS NOT AMERICA!

[beardedmrbean]

At least nine Yemeni employees of United Nations agencies have been detained by Yemen’s Houthi rebels under unclear circumstances, authorities said Friday, as the rebels face increasing financial pressure and airstrikes from a US-led coalition.

Others working for aid groups also likely have been taken.

The detentions come as the Houthis, who seized Yemen’s capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

But while gaining more attention internationally, the secretive group has cracked down at dissent at home, including recently sentencing 44 people to death.

Regional officials, speaking to The Associated Press on condition of anonymity as they were not authorized to brief journalists, confirmed the UN detentions.

Those held include staff from the United Nations human rights agency, its development program, the World Food Program and one working for the office of its special envoy, the officials said.

The wife of one of those held is also detained.

The UN declined to immediately comment.

The Mayyun Organization for Human Rights, which similarly identified the UN staffers held, named other aid groups whose employees were detained by the Houthis across four provinces the Houthis hold — Amran, Hodeida, Saada and Saana.

Those groups did not immediately acknowledge the detentions.

“We condemn in the strongest terms this dangerous escalation, which constitutes a violation of the privileges and immunities of United Nations employees granted to them under international law, and we consider it to be oppressive, totalitarian, blackmailing practices to obtain political and economic gains,” the organization said in a statement.

Activists, lawyers and others also began an open online letter, calling on the Houthis to immediately release those detained, because if they don’t, it “helps isolate the country from the world.”

Yemen’s Houthi rebels and their affiliated media organizations did not immediately acknowledge the detentions.

However, the Iranian-backed rebels planned for weekly mass demonstrations after noon prayers Friday, when Houthi officials typically speak on their actions.

It’s unclear what exactly sparked the detentions.

However, it comes as the Houthis have faced issues with having enough currency to support the economy in areas they hold — something signaled by their move to introduce a new coin into the Yemeni currency, the royal.

Yemen’s exiled government in Aden and other nations criticized the move as the Houthis turning to counterfeiting. Aden authorities also have demanded all banks move their headquarters there.

“Internal tensions and conflicts could spiral out of control and lead Yemen into complete economic collapse,” warned Yemeni journalist Mohammed Ali Thamer in an analysis published by the Carnegie Endowment for International Peace.

Bloomberg separately reported Thursday that the US planned to further increase economic pressure on the Houthis by blocking their revenue sources, including a planned $1.5 billion Saudi payment to cover salaries for government employees in rebel-held territory.

The war in Yemen has killed more than 150,000 people, including fighters and civilians, and created one of the world’s worst humanitarian disasters, killing tens of thousands more.

The Houthis’ attacks on shipping have helped deflect attention from their problems at home and the stalemated war.

But they’ve faced increasing casualties and damage from US-led airstrikes targeting the group for months now.

Thousands have been imprisoned by the Houthis during the war. 

An AP investigation found some detainees were scorched with acid, forced to hang from their wrists for weeks at a time or were beaten with batons.

[scbhagat]

Bookkeeping Services in Delhi by SC Bhagat & Co.

Managing finances efficiently is the backbone of any successful business. Whether you are a startup, a small business, or a large enterprise, having a proper bookkeeping system in place is essential to ensure financial health and compliance with tax regulations. If you are looking for bookkeeping services in Delhi, SC Bhagat & Co. is a trusted partner to help streamline your financial records.

Why Bookkeeping is Essential for Your Business Bookkeeping involves the systematic recording, organizing, and tracking of all financial transactions made by a business. It provides a clear view of your business's financial status, helping you make informed decisions. Effective bookkeeping helps in:

Financial Analysis: By maintaining up-to-date financial records, businesses can regularly assess their financial health. Tax Compliance: Proper bookkeeping ensures all financial documents are in order for accurate and timely tax filing. Cash Flow Management: Tracking cash flow helps in maintaining sufficient funds for daily operations. Budgeting: It provides accurate data for future budgeting, reducing financial risks. Benefits of Outsourcing Bookkeeping Services Outsourcing bookkeeping tasks to professionals like SC Bhagat & Co. brings numerous benefits:

Cost Savings: You eliminate the need for an in-house accounting team, which saves on salaries, office space, and other resources. Accuracy: Professional bookkeepers have the experience and tools to ensure accuracy in your financial records. Time Efficiency: Outsourcing allows you to focus on core business activities while the experts handle your books. Compliance and Expertise: SC Bhagat & Co. ensures that your business complies with all financial and tax regulations, helping you avoid penalties. SC Bhagat & Co. – Your Reliable Bookkeeping Partner SC Bhagat & Co. is a renowned firm in Delhi offering comprehensive bookkeeping services. With years of experience, they cater to businesses across various industries. Here’s why SC Bhagat & Co. stands out:

Customized Solutions: They understand that every business has unique needs and provide tailored bookkeeping services. Expert Team: Their team of certified professionals is well-versed in the latest accounting software and bookkeeping practices. Accuracy and Timeliness: They ensure that all financial records are accurate and delivered on time, helping you stay ahead in your financial management. Confidentiality: The firm maintains high levels of data security to ensure your sensitive financial information is protected. Services Offered by SC Bhagat & Co. SC Bhagat & Co. offers a wide range of bookkeeping and accounting services, including:

Daily Transaction Recording: Keeping track of daily sales, purchases, payments, and receipts. Bank Reconciliation: Ensuring that your bank statements match your business's financial records. Expense Tracking: Managing all expenses to help reduce overheads and increase profits. Financial Reporting: Providing comprehensive financial reports, including balance sheets, income statements, and cash flow statements. Tax Preparation: Ensuring all financial records are in order for accurate and timely tax filings. Why Choose SC Bhagat & Co. for Bookkeeping Services in Delhi? SC Bhagat & Co. is a reliable name for bookkeeping services in Delhi, offering a combination of expertise, experience, and excellent customer service. By choosing them, you ensure:

Accurate and Timely Reports Comprehensive Bookkeeping Solutions Cost-effective Services Compliance with Latest Financial Regulations Final Thoughts Keeping accurate financial records is critical for the success and growth of your business. By outsourcing your bookkeeping services in Delhi to SC Bhagat & Co., you not only ensure compliance and accuracy but also gain access to expert advice, allowing you to focus on growing your business.

[nordholm]

Nordholm: Redefining Accounting and Bookkeeping Success in Dubai, UAE

Amid Dubai's dynamic economic landscape, Nordholm emerges as the beacon for unparalleled Accounting and Bookkeeping Services in Dubai. Our tailored approach transcends norms, offering bespoke financial solutions finely crafted to meet the diverse needs of businesses in the UAE.

Our seasoned professionals reimagine Bookkeeping Services, seamlessly navigating complex processes like Company Formation, Visa Protocols, Bank Account Establishment, HR Management, Payroll Administration, and VAT Compliance. As strategic partners, we empower enterprises with the guidance and expertise needed for triumphant growth.

At the core of our commitment lies adherence to International Financial Reporting Standards (IFRS). Leveraging our expertise, we meticulously document daily transactions and furnish comprehensive financial reports, ensuring seamless compliance with UAE laws.

Explore Our Tailored Spectrum of Specialized Services:

Efficient Accounts Payable Management: Streamlining payable accounts for operational fluency.

Regular Bank Reconciliation Services: Ensuring steadfast accuracy in bank statements.

Meticulous General Bookkeeping Duties: Attending to foundational tasks with precision.

Essential Profit and Loss Statement Preparation: Proficiently evaluating financial performance.

Optimal Accounts Receivable Management: Seamlessly tracking and managing receivables.

Compliance-driven Employee Benefits Management: Expertly handling benefits in accordance with regulations.

Timely Payroll Processing Services: Accurately managing payroll for streamlined HR operations.

Insightful Financial Reporting and Analysis: Providing data-backed reports for informed decision-making.

Tailored Expert Accounting Guidance: Crafting strategies tailored to specific business needs.

Beyond merely addressing immediate accounting requisites, our mission at Nordholm is to erect resilient frameworks that pre-emptively tackle potential financial hurdles. With an unwavering commitment to providing the Best Accounting and Bookkeeping Services in Dubai, we alleviate the burdens of financial management, enabling businesses to soar toward enduring success.

[perfios]

Take the best bank statement analysis tool in India and analyze bank statements from Perfios. We have the best teams to analyze all your bank statements.

[dreaminginthedeepsouth]

Jesse Duquette, The Daily Don

* * * *

The Trump indictment.

         On a day of non-stop coverage of the indictment of Donald J. Trump, less is more.

         Here are the facts that matter:

The people of the State of New York filed this Indictment against Donald Trump.

The indictment alleges 34 felony counts of falsification of business records.

The Manhattan District Attorney separately released this Statement of Facts. If you have time, read the 13-page document in full. It sets forth the essential facts and legal theories for everything that will transpire in the case of People of New York v. Donald Trump.

Important allegations in the Statement of Facts include the following:

         From August 2015 to December 2017, the Defendant [Trump] orchestrated a scheme with others to influence the 2016 presidential election by identifying and purchasing negative information about him to suppress its publication and benefit the Defendant's electoral prospects. In order to execute the unlawful scheme, the participants violated election laws and made and caused false entries in the business records of various entities in New York.

         [Michael Cohen] who then worked for the Trump Organization as Special Counsel to [Trump] covertly paid $130,000 to an adult film actress shortly before the election to prevent her from publicizing a sexual encounter with the Defendant. [Michael Cohen] made the $130,000 payment through a shell corporation he set up and funded at a bank in Manhattan. This payment was illegal, and [Cohen] has since pleaded guilty to making an illegal campaign contribution . . . .

         In a conversation captured in an audio recording in approximately September 2016 concerning Woman 1's account, the [Trump] and [Cohen] discussed how to obtain the rights to Woman 1's account from AMI and how to reimburse AMI for its payment.

         [Trump] directed [Cohen] to delay making a payment to Woman 2 as long as possible. He instructed Lawyer A that if they could delay the payment until after the election, they could avoid paying altogether, because at that point it would not matter if the story became public.

During a 58-minute appearance before Judge Juan Merchan, Donald Trump pleaded not guilty to all charges in the indictment.

Judge Merchan declined to impose a gag order, although he cautioned the parties to exercise restraint in making out-of-court statements. Trump promptly disregarded the judge's cautionary warning by making incendiary statements during an evening speech at Mar-a-Lago.

Judge Merchan set the next hearing in the case for December 2, 2023.

Discussion of the indictment.

         The indictment alleges financial crimes were committed to protect Trump's presidential prospects. The cover-up was part of a broad ranging “catch-and-kill” strategy that continued into Trump's first months as president.

         The indictment has provoked a torrent of criticism by legal commentators. Most of the criticism hinges on the fact that the underlying offenses of financial fraud are typically charged as misdemeanors. Here, they are charged as felonies. To leverage misdemeanors into felonies, New York must prove that Trump intended to commit other crimes.

         Alvin Bragg identified those other crimes during a news conference, which include:

tax fraud,

facilitating false statements by the National Enquirer's parent company (AMI),

violation of state election laws, and

violation of federal election laws.

         Most commentators focus on the difficulty of proving the last two crimes—violations of federal and state election laws. For example, one of my favorite legal commentators, Ian Millhiser, has annoyed me greatly with this article in Vox, The dubious legal theory at the heart of the Trump indictment, explained.

         Millhiser's analysis is as good as it gets—but I disagree. At the core of Millhiser's criticism is this:

Bragg has evidence that Trump acted to cover up a federal crime, but it is not clear that Bragg is allowed to point to a federal crime in order to charge Trump under the New York state law.

         Millhiser suggests that Bragg must prove a federal crime to prevail. Not true, entirely. Bragg can rely on uncharged state crimes—including violations of New York election laws and income tax violations, as Bragg said in his news conference. Moreover, as Millhiser concedes above, "it is not clear" whether an uncharged federal crime will suffice. The relevant New York statute says that a person is guilty of a felony under state law

when he commits the crime of falsifying business records [and has] the intent to commit another crime . . . .

         The New York statute refers generally to "another crime," not a "state crime" or a federal crime. Just "another crime." Millhiser says that ambiguity might get Trump off the hook. I doubt it. The statute is plain on its face. Trump will undoubtedly make Millhiser's argument, but I believe Trump will lose the argument.

         Okay, that's as deep as I will examine the legal issues. The issues are more complicated than I have described above, and there are other worrisome defenses (including the timing of the payments—all of which occurred after Trump took office).

Despite my disagreement with Millhiser, his analysis is excellent and cannot be easily dismissed. If you are interested in a deep dive into the alleged weaknesses of Bragg's case, Millhiser's article is an excellent resource. See also Mark Joseph Stern in Slate, Donald Trump indictment is not the slam-dunk case Democrats wanted.

         Although two of my favorite legal commentators are raising red flags, I think Bragg can convince the judge that the false financial records were part of a broad-ranging "catch-and-kill" strategy designed to violate state and federal election and tax laws. That should be enough to get the case to the jury.

Trump cannot appeal any pre-trial rulings, which means that if the judge denies the expected motions to dismiss, the trial will take place in the spring of 2024. By then, Trump should be defending two federal indictments and one from Georgia.

Robert B. Hubbell Newsletter

[365proservices]

Unlocking the UAE's Golden Visa Maze: Insider Tips for Success

Welcome, aspiring adventurers, to the exciting world of Golden Visas Services in the UAE! If you've ever dreamt of unlocking new opportunities, exploring vibrant cultures, or building a brighter future in one of the world's most dynamic hubs, then you're in the right place. In this guide, we'll be your compass, navigating the Golden Visa maze with insider tips and expert advice to ensure your journey is not just successful but also fulfilling. So, grab your map, pack your enthusiasm, and let's set sail on this exhilarating voyage towards your Golden Visa dream!

1. Understanding Golden Visa Eligibility Criteria

Before setting sail, ensure you're eligible. The UAE offers Golden Visas to investors, entrepreneurs, talented professionals, and retirees. Each category has specific criteria, like investment thresholds or retirement fund requirements. Check your eligibility based on your profile and aspirations.

2. Gathering the Required Documents

Assemble your crew of documents for the journey. Common documents include passport copies, proof of investment, bank statements, and a clean criminal record certificate. For investors, additional documents like business plans, trade licenses, and property ownership deeds may be required. Double-check the specific document checklist based on your chosen Golden Visa category.

3. Plotting Your Investment Strategy

Choosing the right investment is crucial. Opt for real estate, business ventures, or innovation projects that align with UAE regulations and contribute to the economy. Research thriving industries, consult with financial advisors, and consider long-term sustainability when crafting your investment strategy.

4. Crafting a Stellar Business Plan

A well-crafted business plan is your treasure map to Golden Visa approval. Highlight your business concept, market analysis, financial projections, and growth strategies. Emphasize how your venture will create jobs, drive innovation, or enhance the UAE's economic landscape. Tailor your business plan to showcase value, feasibility, and alignment with UAE's vision for growth and development.

5. Navigating the Golden Visa Application Process

Embark on your Golden Visa application journey through the relevant government authority, such as the Federal Authority for Identity and Citizenship (ICA), the Ministry of Economy, or local immigration departments. Follow the online application portal or engage with authorized representatives for a smooth submission process. Timing, transparency, and professional assistance are key for success.

6. Insider Tips for Smooth Sailing

Apply During Economic Stability: Submit your application during periods of economic growth and stability for higher chances of approval.

Engage Legal or Immigration Consultants: Consider hiring legal or immigration consultants for expert guidance and assistance throughout the application process.

Be Transparent and Consistent: Disclose accurate information and ensure consistency across all documents to avoid delays or rejections.

Showcase Long-Term Commitment: Highlight your commitment to long-term engagement in the UAE through investment diversification or strategic partnerships.

As we reach the shores of our Golden Visa adventure, it's time to reflect on the invaluable insights and strategies we've uncovered. From understanding eligibility criteria to crafting stellar business plans and navigating the application process, you've gained the tools and knowledge needed to steer your course towards success.

Remember, patience and preparation are your steadfast companions in this journey. Keep abreast of UAE's visa policies, adapt your strategies as needed, and stay committed to your long-term goals. Whether you're an investor, entrepreneur, or talented professional, the UAE's Golden Visa offers a gateway to new horizons and endless possibilities.

[todaysdocument]

“How much this whole situation is the result of fear of the policies of the new administration is further indicated by a short review of the five distinct periods in recent economic history.” 

Pres. Hoover’s analysis of the origins of the Great Depression, February 21, 1933. 

Collection HH-FESS: Simeon D. Fess Papers

Series: Simeon D. Fess Papers

Transcription: 

THE WHITE HOUSE

WASHINGTON

February 21, 1933

The Honorable

Simeon D. Fess

United States Senate

My dear Mr. Senator:

I am glad to respond to your request that I put in writing for your records, the statement I made to you yesterday as to the economic situation at the moment, and the causes thereof.

   Today we are on the verge of financial panic and chaos. Fear for the policies of the new administration has gripped the country. People do not await events, they act. Hoarding of currency, and of gold, has risen to a point never before known; banks are suspending not only isolated instances , but in one case an entire state. Prices have fallen since last autumn below the levels which debtors and creditors can meet. men over large areas are unable or are refusing to pay their debts. Hundreds of millions of orders placed before election have been cancelled. Unemployment is increasing, there are evidences of the flight of capital from the United States to foreign countries, men have abandoned all sense of new enterprise and are striving to put their affairs in defense against disaster.

Some days before election the whole economic machine began to hesitate from the upward movement of last summer and fall. For some time after election it continued to hesitate but hoped for the best. As time has gone on, however, every development has stirred the fear and apprehension of the people. They have begun to realize what the abandonment of a successful program of this administration which was bringing rapid recovery last summer and fall now means and they are alarmed at possible new deal policies indicated by the current events. It is this fear that now dominates the national situation. It is not lack of resources, currency or cr dit(sic).

   The incidents which have produced this fear are clear. There was a delay by the President-elect of over two months in willingness to cooperate with us to bring about order from confusion in our foreign economic relations. There have been a multitude of speeches, bills, and statements of demo-

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cratic members of Congress and others proposing inflation or tinkering with the currency. My proposals for reduction of expenditures have been ignored to the extent of over $200,000,000 by the Democratic House of Representatives. The differences between Democratic leaders and the President-elect over the basis of taxation with which to balance the budget caused them to reject balancing of the budget. The publication by Democratic leaders of the House of the Reconstruction Corporation loans has caused runs on hundreds of banks, failures of many of them, and hoarding on a wide scale. There have been proposed in the Congress by Democratic leaders and publicly even by the President-elect, projects involving federal expenditure of tremendous dimensions which would obviously lie beyond the capacity of the federal government to borrow without tremendous depreciation in government securities. Such proposals as the bills to assume Federal responsibility for billions of mortgages, loans to municipalities for public works, the Tennessee improvement and Muscle Shoals, are all of this order. The proposals of Speaker Garner that constitutional government should be abandoned because the Congress , in which there will be an overwhelming majority, is unable to face reduction of expenses, has started a chatter of dictatorship. The President-elect has done nothing publicly to disavow any of these proposals.

The Democratic House has defeated a measure to increase tariffs so as to prevent invasion of goods from depreciated currency countries, thus stopping increased unemployment from this source. There have been interminable delays and threatened defeat of the Glass Banking Bill, and the Bankruptcy bill.

How much this whole situation is the result of fear of the policies of the new administration is further indicated by a short review of the five distinct periods in recent economic history.

The first period began with the financial and monetary collapse of Europe in the last half of 1931 culminating in October, bringing contradiction of credit and reduction of exports, falling prices of both commodities and securities, followed by great fear and apprehension in the people which was promptly represented by hoarding, bank failures, flight of capital, withdrawal of foreign gold balances with final interpretation in decreased employment, demoralization of agriculture and general stagnation.

The second period following the approval by Congress of our measures of reconstruction in early February 1932 was a period of sharp recovery over a period between 60 and 90 days; during this period public confidence was restored, prices of commodities and securities rose, currency began to return from

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hoarding, gold shipments abroad were greatly lessened, bank failures practically ceased and the whole country moved upward.

The third period began in April and continued through July. This was a period of a sharp debacle which was brought about by the Democratic House by the same character of proposals we now see again, that is by the original failure of the revenue bill, the failure to reduce expenditures recommended by the Executive with consequent fear that the movement toward balancing the budget would not be successful; the passage of a group of inflationary measures including the Patman Bill, the Goldsborough Bill, etc. The passage of a series of projects which would have required greater issues of government securities than the Treasury could support including the Garner Bills for gigantic public works and unlimited loans by the Reconstruction Corporation, etc. Public confidence was destroyed; hoarding, withdrawal of foreign gold, decrease in employment, falling prices and general economic demoralization took place.  

The fourth period began about the adjournment of Congress when it was assured that these destructive measures were defeated and that constructive measures would be held. This period extended from July until October and was a period of even more definite march out of the depression. Employment was increasing at the rate of half a million men a month, bank failures ceased, hoarded currency was flowing back steadily and gold was returning from abroad, car loadings, commodity and security prices and all other proofs of emergence from the depression were visible to every one. Fear and despair had again been replaced by hope and confidence.

The fifth period began shortly before election when the outcome became evident, and has lasted until today. I have already recited its events.

The causes of this terrible retrogression and fear in this fifth period have an exact parallel in the third period of last spring. The fact that there was no disavowal of the actions of last spring by the Democratic candidates during the campaign lends added color and alarm that the same actions and proposals which are now repeated in this period positively represent the policies of the new administration - and the people are seeking to protect themselves individually but with national damage. The movement forward in recovery of our people is again defeated by precisely the same factors as last spring and again emanating from the Democratic leaders.

In the interest of every man, woman and child, the President-elect has, during the past week, been urged by the saner leaders of his own party such as Senator Glass and others, by myself,

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and by Democratic bankers and economists whom he has called on for advice, to stop the conflagration before it becomes uncontrollable, by announcing firmly and at once [illegible insertion] that the budget will be balanced even if it means increased taxation; (b) new projects will be so restricted that government bond issues will not in any way endanger stability of government finances; (c) there will be no inflation or tampering with the currency; to which some have added that as the Democratic party coming in with an overwhelming majority in both houses, there can be no excuse for abandonment of Constitutional processes.

The President-elect is the only man who has the power to give assurances which will stabilize public mind as he alone can execute them. Those assurances should have been given before now but must be given at once if the situation (would [struck out]) is to be greatly helped. It would allay some fear and panic whereas delay will make the situation more acute.

The present administration is devoting its days and nights to put out the fires or to localize them. I have scrupulously refrained from criticism which is well merited, but have instead been giving repeated assurances to the country of our desire to cooperate and help the new administration.

What is needed, if the country is not to drift into great grief, is the immediate and emphatic restoration of confidence in the future. The resources of the country are incalculable, and available credit is ample but lenders will not lend, and men will not borrow unless they have confidence. Instead they are withdrawing their resources and their energies. The courage and enterprise of the people still exist and only await release from fears and apprehension.

The day will come when the Democratic party will endeavor to place the responsibility for the events of this Fifth period on the Republican Party. When that day comes i hope you will invite the attention of the American people to the actual truth.

Yours faithfully,

[signed] Herbert Hoover

[aeide-thea]

The Republican State Leadership Committee (RSLC) received donations of tens of thousands of dollars each from corporations including Comcast, Intuit, Wells Fargo, Amazon, Bank of America and Google last year. . . in the months after Politico published a leaked supreme court decision indicating that the court would end the right to nationwide abortion access. . . . [Most of the companies] did not respond to requests for comment. An Intuit spokesperson pointed out that the company also donates to Democratic political organizations, and that “our financial support does not indicate a full endorsement of every position taken by an individual policymaker or organization. “Intuit is non-partisan and works with policymakers and leaders from both sides of the aisle to advocate for our customers,” an Intuit spokesperson said in a statement.

so… they effectively cancel out their own donations???? don't get me wrong, i guess i prefer that to a scenario in which they're just helping out republicans, but. at that point are you not just burning money?? baffling to me.

A Bank of America spokesperson pointed to the company’s policy that donations to so-called 527 organizations such as the RSLC come with the caveat that they only be used for operational and administrative purposes, not to support any candidates or ballot initiatives. The CPA, meanwhile, argues that since the RSLC’s operations are explicitly designed to support candidates and ballot initiatives, such a policy is a distinction without a difference. Although these companies did not directly give these vast sums to North Carolina’s anti-abortion lawmakers, the CPA’s analysis is a case study in how corporate contributions to organizations such as the RSLC can end up being funneled into anti-abortion causes. When Republican state legislators successfully overturned a veto from the Democratic governor last month to pass the upcoming abortion ban, nine of [the] lawmakers voting to overturn the veto had received campaign contributions from a group with links to the RSLC. . . . These donations are evidence that corporations are proving to be complicit in the broader movement to limit abortion rights, the CPA non-profit argues, even as many of these companies publicly tout women’s empowerment and employee access to healthcare. . . . Several of the[m]. . . made statements last year offering to cover healthcare costs for employees who needed to travel out of state for medical procedures, in some cases explicitly mentioning abortion as an example. Google sent an email to employees acknowledging that Roe v Wade had been overturned and informed them about options for relocating to Google offices in different states. “Equity* is extraordinarily important to us as a company, and we share concerns about the impact this ruling will have on people’s health, lives and careers,” the email stated.

⸻ * i know what they meant, but—i am cackling.

[pilawturkey]

Financial Technologies and Law

Introduction 

This article will provide a useful outline of Turkish capital markets law and underlying challenges for the enforcement of relevant procedures. It is beyond doubt that capital markets are fundamental to bring foreign and national investors together. It is also seen as one of the primary investment instruments for most jurisdictions including Turkey. 

Is Türkiye safe for investment? If you are curious about the answer to the question, you can read our article.

For our work and all legal services on the matter of capital markets, please click our Practice Areas, titled Investment 

What is the capital market in simple words?

The word “capital markets” is used to imply financial markets to buy or sell bonds, stocks, currencies or other financial assets. Capital markets are of great importance in bringing entrepreneurs and investors. 

For our work and all legal services on the matter of capital markets, please click our Practice Areas, titled Capital Markets

What is the Turkish capital markets law 2024?

Turkish capital markets law covers the regulation of a broad range of capital markets instruments including: 

-public offerings and sales,

-investment services,

-initial public offerings.

What is the regulatory structure of the financial system under Turkish capital markets law 2024? 

It is essential to underline at the outset that the Turkish financial markets regulatory regime is fragmented by different institutions. Having said that, the primary role is granted to the Capital Markets Board of Turkey. Besides, the Banking Regulation and Supervision Agency has crucial mandates in the banking sector. Two competent national institutions work in close collaboration for banking and capital markets. The Turkish Capital Markets Association has another important organization in Turkey.   

For our work and all legal services on the matter of banking sector, please click our Practice Areas, titled Banking and Finance Law

What is the capital markets regulation in Turkey? 

What is news in the Turkish capital markets law? 

A new decision dated December 29, 2023 has been published in the Capital Markets Board Bulletin (2023/82). Monetary thresholds have been revised by the Board for initial public offerings. 

In this context, the minimum amount for the registered capital system cannot be lower than TRY 100.000.000.Additionally, for companies whose shares will be offered to the public for the first time, the total assets cannot be lower than TRY 1.500.000.000. In terms of net sales revenue, it cannot be lower than TRY 750.000.000 in its 2023 year-end financial statement.

Take a look at our article for more discussions: Increase in Monetary Threshold of Initial Public Offerings 2024 for Turkey

Conclusion

Having regard to the aforementioned analysis, it is important to note that the regulation, the supervision and the advancement of capital markets is the core objective of Turkish capital markets law 2024. Transparency, efficiency and fairness present the most significant principles articulated by Turkish capital markets law. A sound legal guidance through a robust capital markets consultancy must be seen as a key component for successful outcomes.  

[beholdimhisbeloved]

1) RFBT

· Partnership

· Corporation

· Cooperatives

· FRIA

· E-Commerce Act

· Ease of Doing Business Act

· Intellectual Property Law

· Data Privacy Act

2) MAS

· Basic Considerations

· Cost Behavior and CVP

· Variable & Absorption

· FS Analysis

· Budgeting

· Standard Costing

· Performance Evaluation

· Pricing

· Relevant Costing

3) AFAR

· Partnership

· Corporate Liquidation

· Revenue Recognition – PFRS 15

· Long Term Construction Contract

· Franchise & Consignment Sales

· Home Office and Branch

· Business Combination

· Separate Financial Statements

4) TAX

· Introduction to Taxation

· Income Tax Fundamentals

· Final Tax & Capital Gains Tax

· Gross Income – Exclusions and Inclusions

· Special Gross Income Rules

· Deductions Principles

· Deductions from Gross Income

· Individual Income Tax

5) AT

· Practice and Regulations of the Profession

· Code of Ethics

· Fundamentals of Assurance Services

· Introduction to Auditing

· Overview of Audit Process and Pre-engagement

· Audit Planning

· Study and Evaluation of Internal Control

· Auditing in an IT Environment

· Business Processes Part 1

6) FARAP

· Review of Accounting Process, Single Entry and Correction of Errors

· Cash and Cash Equivalents, Bank Reconciliation, Proof of Cash and Audit of Cash

· Trade and Other Receivables, Notes Receivable and Audit of Receivables

· Loans Receivable, Impairment and Receivable Financing

· Inventories, Biological Assets and Audit of Inventories

· PPE - Initial and Subsequent Measurement, Borrowing Costs and Government Grants

· Wasting Assets, Intangible Assets, Impairment and Audit of PPE and Intangible Assets

· Investment in Equity Securities, Associates and Debt Securities

· Investment Properties, Other Investments and Audit of Investments