Monetary gain is often the motivation of criminals in infiltrating banking institutions, making the financial sector more vulnerable to fraud than other industries. Laws like the PATRIOT Act mandate financial firms to implement identity verification procedures and comply with regulations. These identity authentication processes are deployed when onboarding new clients and before authorizing transactions to ensure that the person accessing the financial services is who they say they are.
In recent years, the accounting industry has undergone technological advancements and introduced the concept of CAS (Client Accounting Services), which is becoming very popular among customers. Learn more about CAS in this infographic from Cogneesol.
South Africa is the leading FX industry in Africa, although Forex Trading is very risky. There are more than 200.000 Traders in SA and some very successful traders. Let’s have a look at the 10 most successful Forex Traders in South Africa in this infographic.
53% of Americans feel anxious thinking about money, but those with higher financial literacy are more likely to overcome financial shocks. Below, Money Hacker explains how to overcome the stigma of socioeconomics. How are your finances?
Nobody wants to file for bankruptcy, but it’s a key safety net for certain situations. When considering bankruptcy, it’s important to understand the differences between Chapter 7 and Chapter 13 Bankruptcy. This infographic highlights the primary differences between the two in a Chapter 7 vs Chapter 13 comparison.
Cash flow management is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries on time and have funds for growth and expansion of the business. To better understand the importance of cash flow management, this infographic presents the insight about why cash flow management is king.
You may feel like you are a brave person who has a handle on fear. Then you receive an official letter, notifying you of an IRS audit of your income taxes, and you have a new respect for fear. Here is an infographic that looks at 10 most common situations where a high-risk IRS audit could evolve into a criminal tax investigation.
COVID-19 has left many without jobs. In the following infographic, Finivi explains that both furloughed and laid-off employees are eligible for unemployment benefits and how to receive them. Are you eligible for any benefits?
The Coronavirus pandemic has thrusted people into looking into their finances and changing how they spend their money. Money Crashers recently released a study that shares what financial questions Americans are searching during the pandemic. Their findings can be found in the following infographic which looks at how searches during the pandemic will change the financial future of Americans.
It’s no secret that Airbnb hosts have been decimated by the Covid-19 pandemic. It’s helpful to put some numbers to it. How much are hosts around the world actually losing each month? How many hosts have overextended themselves with running multiple properties and now facing extreme financial pressure and liabilities? Do Airbnb landlords deserve a bailout?