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The television licence is the instrument used to raise revenue to fund the BBC and S4C. Businesses, hospitals, schools and a range of other organisations are also required by law to hold television licences to watch and record live TV broadcasts. [1] The licence, originally a radio licence, was introduced in November 1923 using powers under the ...
Bacs. Bacs Payment Schemes Limited (Bacs), previously known as Bankers' Automated Clearing System, is responsible for the clearing and settlement of UK automated direct debit and Bacs Direct Credit and the provision of third-party services. [1] Bacs became a subsidiary of Pay.UK (formerly known as New Payment System Operator (NPSO)) on 1 May ...
Website. imf.org. The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
A paid contribution is one that involves contributing to Wikipedia in exchange for money or other inducements. It includes adding or removing content from any page, including articles and talk pages. If you receive, or expect to receive, compensation for your contributions to Wikipedia, you must disclose who is paying you to edit (your ...
Money laundering is the process of making illegally-gained proceeds (i.e., "dirty money") appear legal (i.e., "clean"). Typically, it involves three steps: placement, layering, and integration. First, the illegitimate funds are furtively introduced into the legitimate financial system.
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1][2] A payment system is an operational network which links bank ...
The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the ...
A number of people requested copies of the report under the Freedom of Information Act 2000.The BBC rejected these requests on the grounds that the report fell under a derogation in the FOI Act: "Information held by the BBC is subject to the Freedom of Information Act only if it is 'held for purposes other than those of journalism, art or literature'."