Posted in Uncategorized on February 11, 2008 | Leave a Comment »
The President of the United States has the ability to impose economic sanctions, including currency trading, against foreign governments, companies and individuals. This authority is held under two statutes:
The Trading with the Enemy Act
The International Emergency Economic Powers Act
Failure to follow these scanctions can be severe, including imprisonment.
When the President imposes these sanctions, [...]
Posted in Uncategorized on February 3, 2008 | Leave a Comment »
Money Laundering is a big topic these days in Foreign Exchange circles. The criminal or terrorist element is almost certainly participating in that high tech world. You have probably heard or read of somebody being arrested for this recently.
Money laundering is the process a criminal uses to distance themselves from the [...]
Posted in Uncategorized on February 3, 2008 | Leave a Comment »
Like everything else these days, the currency trading world has arrived on your desktop. If you aren’t aware of this yet, just ask your local currency trader or bank to fill you in. The degree to which these systems have developed reflects the complex needs of most foreign-involved businesses.
On-line currency [...]
Posted in Uncategorized on February 2, 2008 | Leave a Comment »
Let me be clear. When I am speaking about currency trading, I am talking about professionally managed currency trades with the purpose of trading a good or service. However some people out there will choose to speculate or even gamble on the future position of some currencies. Some of those [...]
Posted in Uncategorized on February 2, 2008 | Leave a Comment »
There are a number of payment methods in dealing with currency exchanges. Transactions can still be done in the old check payment method. The only problem with checks is: how do you deal with people you don’t know that well? And for many transactions, blind business is the major part [...]
Posted in Uncategorized on February 1, 2008 | Leave a Comment »
I recently talked to a business owner about handling his foreign exchange business. One of his comments was that he prefers to do business with his bank because he trusts them rather than a currency exchange service provider. I asked him why is that? He said that he had heard of an incident [...]
Posted in Uncategorized on January 31, 2008 | Leave a Comment »
With international travel and trade, the world is now a Global Village. We need a way of transacting business with each other that doesn’t interfere with that mindset. I will inform you of the happenings of currency exchange so you can truly feel part of this Global Village we live in. [...]
