Patriot Act

Cotribute Optimizes Digital Account Opening Process, Integrates Global KYC Solution

Retrieved on: 
Wednesday, November 29, 2023

The GKYC solution provides a real-time decisioning solution for identity verification and fraud detection designed to reduce friction during the customer onboarding process, while mitigating risks and ensuring compliance with regulatory requirements.

Key Points: 
  • The GKYC solution provides a real-time decisioning solution for identity verification and fraud detection designed to reduce friction during the customer onboarding process, while mitigating risks and ensuring compliance with regulatory requirements.
  • The modular decisioning solution is now seamlessly integrated with Cotribute’s digital account onboarding platform, providing community financial institutions robust rules for orchestrating and sequencing across many decisioning tools.
  • This provides financial institutions with a more comprehensive view of each account holder’s identity profile while enabling a faster, frictionless onboarding experience.
  • Integrating a proven Global KYC solution with our digital account opening platform will help banks and credit unions boost customer conversions and improve the account-opening experience with faster, frictionless customer onboarding, with the added benefit of advanced fraud detection and prevention tools.”

Zimbabwe’s ‘Patriotic Act’ erodes freedoms and may be a tool for repression

Retrieved on: 
Sunday, July 30, 2023

President Emmerson Mnangagwa signed the new act, officially called the Criminal Law Codification and Reform Amendment Act, 2023, into law on 14 July.

Key Points: 
  • President Emmerson Mnangagwa signed the new act, officially called the Criminal Law Codification and Reform Amendment Act, 2023, into law on 14 July.
  • His government said the law was indispensable to holding accountable those who jeopardised national interests.
  • There is no crueller tyranny than that which is perpetrated under the shield of law and in the name of justice.

‘National interest’

    • Some people see the act as a response to the sanctions the United States imposed on the Zimbabwean government in 2001 for human rights abuses.
    • The state-owned The Herald newspaper said the law was a response to Zimbabweans who advocated for the enforcement of sanctions on Zimbabwe.
    • The government has exploited the sanctions as a pretext to suppress dissent and shift the blame for the country’s problems.
    • Using this law, individuals who express concerns about human rights abuses and corruption could be targeted for unpatriotic behaviour.

What can be done?

    • This fundamental right is meant to foster an environment conducive to peaceful demonstrations and the presentation of petitions.
    • Zimbabwe is also bound by international and regional instruments that protect freedom of expression.
    • They include the African Charter on Human and Peoples’ Rights.
    • The Southern African Development Community principles and guidelines governing democratic elections also emphasise the importance of freedom of expression.

Robert F. Kennedy, Jr. Names Dennis Kucinich as Campaign Manager

Retrieved on: 
Thursday, May 18, 2023

CLEVELAND, May 18, 2023 /PRNewswire-PRWeb/ -- The Presidential campaign of Robert F. Kennedy, Jr. announced today that former U.S. Congressman Dennis Kucinich will serve as its campaign manager.

Key Points: 
  • CLEVELAND, May 18, 2023 /PRNewswire-PRWeb/ -- The Presidential campaign of Robert F. Kennedy, Jr. announced today that former U.S.
  • Congressman Dennis Kucinich will serve as its campaign manager.
  • Mr. Kucinich has long been known as one of the foremost progressive voices in American politics.
  • "Dennis Kucinich has brought invaluable electoral experience to our campaign," said Mr. Kennedy.

ShiftPixy Initiates Investigation of Suspicious Trading Activity in Its Stock Leveraging New Data and Legal Framework

Retrieved on: 
Thursday, May 18, 2023

Information sharing pursuant to Section 314(b) is voluntary, and FinCEN strongly encourages financial institutions to participate.

Key Points: 
  • Information sharing pursuant to Section 314(b) is voluntary, and FinCEN strongly encourages financial institutions to participate.
  • Alerting other participating financial institutions to trading entities of whose suspicious activities they may not have been previously aware.
  • Facilitating the filing of more comprehensive SARs than would otherwise be filed in the absence of 314(b) information sharing.
  • ShiftPixy’s CEO Scott Absher said, “I have been tracking naked short selling patterns since we first listed.

Although Short Selling Is Legal, Why Naked Short Selling is Illegal with Consequences

Retrieved on: 
Thursday, May 18, 2023

PALM BEACH, Fla., May 18, 2023 /PRNewswire/ -- While Short Selling a stock is legal in most markets Naked Short Selling is not. Short-Selling a stock is profitable if the stock in question drops in value. Traditional investing involves buying a stock and hoping to sell it later at a higher price. Short-Selling involves borrowing and selling a stock now and hoping to buy it back later at a lower price. Technically, Short-Selling involves first borrowing shares held by other investors. That party can then sell those shares. At a later date, the shares need to be repurchased by the Short-Seller, and then returned back to the original owner who lent them. A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist. It is illegal—the legal way to short sell is to first borrow the shares before selling and opening up a short position. Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist. In contrast, conventional short selling begins with an investor borrowing shares. Naked shorting is done without having first borrowed the shares, hence the 'naked' moniker. Naked short selling is not legal in the United States. A seller of a security is required to deliver shares of the security to a buyer promptly at settlement. Since naked shorting involves the selling of shares that do not exist, or have not been borrowed, a scenario is made possible where the seller fails to deliver the equity security to the buyer at settlement. Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked." Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), AMTD Digital Inc. (NYSE: HKD), AMC Entertainment Holdings, Inc. (NYSE: AMC), GameStop Corp. (NYSE: GME), Beyond Meat, Inc. (NASDAQ: BYND).

Key Points: 
  • A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist.
  • Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist.
  • Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked."
  • The article continued: "Naked short selling differs from normal short selling because naked shorting involves the selling of shares without having first borrowed the shares.

Although Short Selling Is Legal, Why Naked Short Selling is Illegal with Consequences

Retrieved on: 
Thursday, May 18, 2023

PALM BEACH, Fla., May 18, 2023 /PRNewswire/ -- While Short Selling a stock is legal in most markets Naked Short Selling is not. Short-Selling a stock is profitable if the stock in question drops in value. Traditional investing involves buying a stock and hoping to sell it later at a higher price. Short-Selling involves borrowing and selling a stock now and hoping to buy it back later at a lower price. Technically, Short-Selling involves first borrowing shares held by other investors. That party can then sell those shares. At a later date, the shares need to be repurchased by the Short-Seller, and then returned back to the original owner who lent them. A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist. It is illegal—the legal way to short sell is to first borrow the shares before selling and opening up a short position. Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist. In contrast, conventional short selling begins with an investor borrowing shares. Naked shorting is done without having first borrowed the shares, hence the 'naked' moniker. Naked short selling is not legal in the United States. A seller of a security is required to deliver shares of the security to a buyer promptly at settlement. Since naked shorting involves the selling of shares that do not exist, or have not been borrowed, a scenario is made possible where the seller fails to deliver the equity security to the buyer at settlement. Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked." Active companies in the markets this week include ShiftPixy, Inc. (NASDAQ: PIXY), AMTD Digital Inc. (NYSE: HKD), AMC Entertainment Holdings, Inc. (NYSE: AMC), GameStop Corp. (NYSE: GME), Beyond Meat, Inc. (NASDAQ: BYND).

Key Points: 
  • A recent article in Seeking Alpha explained: "Naked short selling involves the short selling of shares that do not exist.
  • Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist.
  • Put simply, if shares are not available to 'cover' a short sale, the short position is said to be naked."
  • The article continued: "Naked short selling differs from normal short selling because naked shorting involves the selling of shares without having first borrowed the shares.

From the Tax Law Offices of David W. Klasing - Federal Government Closing in on Your Foreign Financial Accounts & Cryptocurrency via The Anti-Money Laundering Act & The Bank Secrecy Act

Retrieved on: 
Tuesday, April 18, 2023

The implications of these regulations can affect many different parties, from individuals with foreign bank accounts to art dealers and cryptocurrency companies.

Key Points: 
  • The implications of these regulations can affect many different parties, from individuals with foreign bank accounts to art dealers and cryptocurrency companies.
  • Several key reforms to anti-money laundering laws have been put in place when the U.S. Congress enacted the Anti-Money Laundering Act (AML).
  • Expanded Authority for the U.S. Government to Subpoena Foreign Financial Institutions
    The AML expanded the authority of the U.S. government to request records from foreign financial institutions .
  • The Banking Secrecy Act (BSA), like the AML, serves to enhance the enforcement of financial crimes like money laundering and tax evasion.

Winners announced at The Comedic & Dramatic Arts Awards during Canadian Screen Week 2023

Retrieved on: 
Saturday, April 15, 2023

The Comedic and Dramatic Arts Awards, which recognized the best of television performance and craft categories, took place earlier this evening and saw CBC's The Porter winning a record 12 Canadian Screen Awards, leading television honours overall.

Key Points: 
  • The Comedic and Dramatic Arts Awards, which recognized the best of television performance and craft categories, took place earlier this evening and saw CBC's The Porter winning a record 12 Canadian Screen Awards, leading television honours overall.
  • Wins include: Best Drama Series; Best Direction, Drama Series, presented by Playback; Best Writing, Drama Series; and Best Guest Performance, Drama Series for Alfre Woodward.
  • In comedy, the sophomore season of CBC's Sort Of took home seven Canadian Screen Awards.
  • "I want to extend both a heartfelt thank you to the incredible team who helped make these celebrations possible, and  mighty congratulations to all of the immensely talented 2023 Canadian Screen Awards winners."

Advanced Communications and Collaboration Tools for Frontline Workers Report 2022 Featuring 8x8, Atos, Avaya, Cisco, GoTo, Intermedia, Microsoft, Mitel, RingCentral, Theatro Labs, Wildix, & Zoom

Retrieved on: 
Friday, February 24, 2023

This study provides an analyst perspective on the opportunity to empower frontline workers with advanced communications and collaboration tools.

Key Points: 
  • This study provides an analyst perspective on the opportunity to empower frontline workers with advanced communications and collaboration tools.
  • The study also identifies best practices and growth strategies for technology developers and service providers targeting organizations employing frontline workers.
  • Frontline workers comprise a diverse category of workers that typically do not perform their job tasks full-time at a desk.
  • Workflows vary significantly by industry and job function, which suggests that communications and collaboration tools must be tailored for different types of frontline workers.

New Media Production Company, Snarky Elephant Productions, Launches Incubator with Top Entertainment Executives

Retrieved on: 
Tuesday, February 21, 2023

NEW YORK, Feb. 21, 2023 /PRNewswire-PRWeb/ -- Snarky Elephant Productions (SEP), a new production company founded by Vishaal Reddy and Neal Ludevig, has launched an Incubator Program, the first of its kind.

Key Points: 
  • The Company has put together an Advisory Board of top media executives and creatives to support its program, selecting its cohort members through a competitive application cycle.
  • The Snarky Elephant Incubator is unique among film support programs, offering a slew of rare opportunities and benefits in an industry where barriers are high.
  • "The renaissance going on in entertainment to cultivate a diversity of talent is best seen in Snarky Elephant's fantastic incubator program.
  • You can view more information about Snarky Elephant, its incubator, prior work from its creators, and more on its website, at http://www.snarkyelephant.com , or on all social channels @wearesnarky