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Nations React to Reported $1 Billion Fee for Trump’s Peace Board

  President Trump said the Peace Board 'will embark on a new approach to resolving global conflict'. Reports surrounding President Donald Trump’s proposed Board of Peace have ignited global debate after claims surfaced that countries may be asked to contribute $1 billion to secure or maintain permanent membership. The board, envisioned as a body overseeing governance and reconstruction efforts in Gaza, would reportedly be chaired by Trump himself, who would hold authority over which nations are admitted. A draft charter circulating among diplomats outlines three‑year membership terms, renewable only with the chairman’s approval. It also suggests that nations contributing $1 billion within the first year could bypass term limits and secure a permanent seat. The White House has pushed back on the reports, calling them misleading and insisting that no mandatory membership fee exists. Officials acknowledged that major financial contributors could receive greater influence but ...
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Money Laundering and How to Protect Yourself from It

 


Money laundering is the illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The process of laundering money typically involves three steps: placement, layering, and integration. There are many ways to launder money, from the simple to the very complex. One of the most common techniques is to use a legitimate, cash-based business owned by a criminal organization. For example, if the organization owns a restaurant, it might inflate the daily cash receipts to funnel illegal cash through the restaurant and into the restaurant’s bank account. After that, the funds can be withdrawn as needed. These types of businesses are often referred to as “fronts”.

To prevent money laundering, most financial companies today have anti-money-laundering (AML) policies in place. The prevention of money laundering has become an international effort and now includes terrorist funding among its targets. Banks are required to report large cash transactions and other suspicious activities that might be signs of money laundering.

If you want to protect yourself from money laundering, here are some tips:

  • Be wary of unsolicited emails or phone calls asking for personal information or money.
  • Do not share your personal information with anyone you do not know or trust.
  • Be cautious when investing in new or unfamiliar financial products.
  • Keep your financial information secure and monitor your accounts regularly.
  • If you suspect that you have been a victim of money laundering, report it to the appropriate authorities immediately.


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