Money Laundering

What is Money Laundering? Money laundering is the process of turning the illegal profits of criminal activity into legal assets. Various regulatory and legal systems confuse the term ‘money laundering’ with different types of business and financial crimes. It is the most prominent form of abuse in the financial system. Other wrong doings include credit card fraud, […]

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Understanding Costs

Costs of a Loan Loans in today’s world are useful whether it is for consumption, or for aiding in the creation of an asset. Ideally, we would all like to enjoy today what we expectantly earn in the future. Most of the world’s economy function on this principle of debt, and there is nothing inherently wrong with it. However, the prudent thing to do would be to do our due diligence and research before committing to any loans. This ensures that the net cost to us is the lowest. […]

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How much for an Emergency Fund?

How Much Should You Set Aside for an Emergency Fund? There is a common saying that danger knows no stranger. The same may apply for financial emergencies. Professional risk managers will advise you on this. You can either do away with an unnecessary risk or outsource or employ someone to take on a peril on […]

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