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But money has many virtues in facilitating transactions – hence its ubiquitous use.
At about the same time Standard Chartered, another British bank, agreed to pay $667m for facilitating transactions with Iran (after briefly threatening to fight the charges).
That all came to an official end this January, when eBay announced a ban on R.M.T. sales, citing, among other concerns, the customer-service issues involved in facilitating transactions that are prohibited by the gaming companies.
So that banks can continue to serve customers, the law instructs regulators to allow certain forms of nonproprietary trading, including "market making," in which banks can buy and sell securities, but only for the purpose of facilitating transactions for clients.
Well, on a cash basis and on a trading basis, they're doing, facilitating transactions.
Carriers also double as centralized billing institutions, significantly facilitating transactions conducted on cell phones.
Similar(41)
But the rise of service companies to facilitate transactions is likely to increase costs.
In their role as wholesalers, they provide trade credit to facilitate transactions.
And in many cases such systems should only facilitate transactions, not execute them.
Low appeared to facilitate transactions – according to the DoJ, he even attended board meetings of 1MDB and acted as a link with the PM.
Mr. Anand, of Plainsboro, N.J., and associates posed as brokers seeking loans to facilitate transactions between buyers and sellers, the office said in a summary.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com