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BBC News
3 days ago
- Politics
- BBC News
Economic abuse: 'My husband stole milk tokens to buy beer'
Crashing a car deliberately, taking control of benefit payments and threatening to share explicit images unless money is handed over. These are all forms of economic abuse that are often Anna, not her real name, was sexually and physically abused, but she says the abuse that has lasted the longest is the economic abuse."He's ultimately still controlling everything. It doesn't matter what I do. I can never, ever get away from it," she ordeal started when her ex-partner stole from her while she was in hospital giving birth: "I couldn't prove it, but he had sold my belongings. Then he stole my baby's milk tokens to buy beer." 'National emergency' Despite leaving him more than 10 years ago, Anna is still finding loans and credit cards he took out in her name. Despite appealing to the banks, she has "tens of thousands" of pounds worth of debt taken out in her name. Her credit score has been destroyed and she is now on the brink of homelessness.A study by the charity Surviving Economic Abuse (SEA) of nearly 3,000 women suggests more than four million women in the UK have experienced economic abuse from a partner or ex-partner in the past found those in London face the highest levels of such abuse, with about one in four affected. Black, Asian and other ethnic-minority women were more than twice as likely to experience this form of domestic abuse than white November, Prime Minister Sir Keir Starmer told the Commons he was committed to tackling what he described as a "national emergency" of economic abuse. 'Lights-on moment' Researchers found many who face this form of abuse do not recognise only realised she had been economically abused after listening to discussion on BBC Radio 4's Woman's Hour."I can't even say it was a light-bulb moment. It was a Wembley Stadium switch the lights-on moment."The SEA, which believes this awareness is crucial, said nearly two thirds of women who understood they had been subjected to economic abuse reached out to the organisation for many don't talk to anyone, even close friends and family, about their experiences. Forty-two percent of the women surveyed who had experienced economic abuse said they felt so isolated by their abusers that they remained Wilson Garwood, author of the SEA's study, said: "Perpetrators actively exploit systemic vulnerabilities that women may face, such as institutional discrimination, immigration status, or support needs, to cause harm."This can include the misuse of the benefits system, banking services and family courts to exert control long after the relationship has ended. The charity is calling on the government to set up an economic abuse taskforce, to bring together experts from across the financial services, legal and domestic abuse sectors, to tackle issues like joint mortgage abuse, coerced debt and credit is help available for victims of economic abuse who have been left with debts, through the Economic Abuse Evidence Form. Specialist money and debt advisers can then inform banks and other organisations that someone has experienced economic financial advice, the service helps provide a clear understanding of the situation to organisations without the person having to repeat their story multiple Office minister Jess Phillips said: "No woman should ever be trapped in an abusive relationship because of the suffering they will face if they try to leave, whether that is the threat of physical violence or the prospect of being plunged into poverty and homelessness."Tackling economic abuse - a true hidden crime - will be integral to achieving our ambition of halving violence against women and girls in a decade."
Telegraph
04-07-2025
- Business
- Telegraph
Chelsea handed massive fine over spending breaches – and more could follow
Villa, who returned to the Champions League last season after more than 40 years away from European football's top competition, were fined €5 million immediately with the possibility of another €15 million over the next three years. Telegraph Sport reported this week that Villa owners V Sports will sell a stake in its women's team to an external investor and the rest within the group, generating a profit of around £55 million. The club is also looking at the sale of the new live indoor venue at Villa Park, The Warehouse, which is as yet unfinished. In addition, Chelsea and Aston Villa have both fallen on the wrong side of Uefa's new financial control system, the squad cost rules (SCR) which dictate no more than 80 per cent of revenue can be spent on wages and additional costs such as agents' fees. In Chelsea's case that has resulted in an €11 million fine, and for Villa €6 million. Premier League financial controls do not forbid clubs from selling assets within the ownership group, and nor have the 20 clubs taken steps to rule out player swaps. As a consequence both clubs will pass the Premier League's profit and sustainability rules (PSR). At the Premier League AGM last month, there was so little support for a change to PSR that clubs did not even progress to vote on the issue. Also hit hard were Barcelona, fined €60 million with €45 million of that suspended over two years for declaring non-admissible income. The troubled French club Lyon, at which US investor John Textor has recently stepped down from the board, was fined €12.5 million with a further €37.5 million suspended over four years. Lyon still face the prospect of relegation to Ligue 2 by French regulators. Villa wish to avoid a mass exodus of stars and plan one 'big' sale, with the future of Argentina goalkeeper Emiliano Martinez still uncertain. Leon Bailey, Emiliano Buendia, Leander Dendoncker and Louie Barry will be more obvious sales this summer.
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Invoice Process Automation Led by IBN Technologies Gains Ground in Virginia's Corporate Finance
Virginia enterprises are improving payment workflows with invoice process automation to reduce delays and manage large invoice volumes. Enhanced tracking, automated validations, and system-wide integration allow for stronger financial control and consistent vendor interactions. Miami, Florida - 26 June, 2025 - Accounts payable teams are introducing smarter tools to manage growing financial documentation. High-volume vendor billing and diversified invoice formats are pushing organizations to rethink how finance departments execute routine tasks. Through structured implementation, invoice process automation now supports precise, timely invoice tracking and processing across payment cycles. In Virginia, businesses embed automation directly into core finance operations. This evolution is allowing organizations to gain more control over documentation, reconciliation, and supplier coordination. The use of Automated Invoice Management enhances validation, approval flows, and reporting accuracy—providing a consistent layer of operational clarity. These capabilities support seamless oversight and greater accountability across all levels of the financial process. Invoice transactions now follow standardized paths, with improved alignment between finance and procurement functions. Businesses operating in competitive markets are increasingly dependent on structured automation to maintain their lead. With accuracy, speed, and cost-efficiency top of mind, automation is now essential to achieving financial discipline and scalable growth. The transition to intelligent systems reflects a larger trend toward process governance and data integrity. As organizations continue to refine invoice handling with automation, they are strengthening infrastructure that supports strategic decision-making and future expansion in Virginia's dynamic commercial landscape. Lead your finance transformation journey with automation that scales! Get a free consultation: Limitations of Paper-Based Processing Manual invoice systems remain widespread, but they place increasing strain on finance functions. These outdated methods slow productivity, cause frequent errors, and prevent fast approvals. As supplier networks expand, manual operations often lack the flexibility and speed required to manage invoices effectively. Staff time heavily spent on invoice data entry Duplicate payments and mismatches caused by human errors Manual approval chains delay vendor payments Invoice status remains unclear without centralized tracking Unstructured documentation affects compliance readiness Decentralized workflows reduce invoice processing alignment Scaling invoice volumes challenge outdated systems Lack of preventive measures leaves room for fraud risk In Virginia, forward-thinking companies are minimizing these problems by shifting to automation. With support from IBN Technologies, finance teams are using invoice processing automation to improve invoice handling accuracy, reduce processing time, and ensure records are audit-ready. Automation provides the structure businesses need to maintain financial integrity and operational speed. Digital Finance Tools Drive Efficiency The growing complexity of vendor invoicing has made invoice automation a necessity for finance teams striving for streamlined workflows. Outdated methods slow operations and elevate the risk of error. IBN Technologies equips businesses with a smart automation platform built for operational clarity and data-driven performance. • Invoices are scanned accurately using advanced OCR recognition software • System checks immediately flag errors before approval stages begin • Configurable workflows route invoices efficiently to designated stakeholders • Visibility improves through centralized, live-status invoice dashboards • Platform integrates with financial systems for seamless daily operations • Alerts notify teams of any irregularities or pending issues • Complete audit reports are stored securely for compliance use • Adapts to growing invoice loads without slowing processing speed • Frees finance staff from routine input and paperwork tasks • Delivers consistency through powerful invoice process automation functions With the right structure in place, businesses across Virginia are transforming traditional processes into efficient, transparent workflows—while maintaining full control and accuracy at scale. Automation Driving Real Results Financial departments modernizing with invoice process automation have reported substantial gains in accuracy and speed. One public entity applied this model to eliminate recurring workflow hurdles. ● Annual invoice volume exceeded 90,000, with 75% shorter cycle times. ● Increased compliance and stronger supplier relationships were achieved promptly. Solutions from companies like IBN Technologies supported the shift, integrating into ERPs to provide clarity and reliable process tracking. Automation Reshapes Invoice Cycles Enterprises handling growing volumes of vendor invoices are embracing smarter ways to manage financial data. With invoice process automation, finance teams can now capture, validate, and route invoices faster and with more consistency. The systems in place enable smoother coordination across departments, enhance documentation accuracy, and speed up approvals significantly. Scalable digital infrastructures are now a strategic priority for enterprises. Through Accounts Payable Automation, firms are ensuring accurate payments, efficient exception handling, and real-time audit readiness. The results deliver greater transparency across workflows, allowing leadership to make informed decisions while reducing bottlenecks in financial operations. Related Service: AP and AR Automation Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Yahoo
31-05-2025
- Business
- Yahoo
Kremlin launches digital rouble to control Russians – Ukraine's Defence Intelligence
Defence Intelligence of Ukraine has reported on "another step by the criminal regime in Moscow aimed at strengthening total control over its own population" — the introduction of a digital rouble. Source: Defence Intelligence of Ukraine (DIU); Latvia-based Russian media outlet Meduza Details: Intelligence reports show that starting in early 2026, Russian state employees will begin to receive their salaries in "digital roubles". DIU expects that Russia will completely control the circulation of the virtual rouble: it will track every transaction, and the spending of digital roubles will be limited by the citizen's place of residence or the type of goods. Moreover, intelligence analysis shows that the Kremlin regime will be able to block citizens' accounts without a court decision and automatically deduct taxes and fines from them. The Russian media outlet Meduza writes that the digital rouble is a new form of Russian currency on par with cash and non-cash roubles. Each digital rouble in the Russian Federation will be assigned a unique code (similar to the series and number on banknotes). Electronic money will be stored in electronic wallets opened on a specially designed platform of the Central Bank. Russians say that the digital rouble has many advantages. In particular, if a bank goes bankrupt, people will not lose their money. Also, the digital rouble will allegedly significantly reduce the cost of money transfers, lower commissions for businesses, etc. Support Ukrainska Pravda on Patreon!
