business best practices

What Countries Are Blacklisted and What Are the Consequences of Working with Them?

What Countries Are Blacklisted and What Are the Consequences of Working with Them?

There are several countries around the world with which companies are prohibited from carrying out any sort of financial transaction. The reason for these bans is that the countries are blacklisted under authority of the Financial Action Task Force (FATF), an intergovernmental body that the G7 group of nations founded in 1989.

The Best U.S. Cities for Small Companies

The Best U.S. Cities for Small Companies

According to the U.S. Small Business Administration1 there were 30.7 million small businesses operating in the U.S. in 2018, employing 59.9 million people, or 47.3% of all U.S. employees, the SBA notes.

While these small businesses are spread across every state and city in the country, some cities stand out as being more welcoming for small companies than others, especially entrepreneurial start-ups just opening their doors.

Central Bank Monkey Business: Should Central Banks Determine Exchange Rates?

Central Bank Monkey Business: Should Central Banks Determine Exchange Rates?

Foreign exchange rates are usually determined by real exchanges on the FX market. In recent years, central banks have been playing a much larger role when determining their own foreign exchange rates - But should central banks be determining exchange rates?