This can include increased regulatory scrutiny, reputational damage, and loss of business. The consequences of non-compliance can be severe and go beyond fines and penalties. Certain regulations, however, as is the case for credit unions, can be industry-specific. Financial institutions as a whole are subject to AML regulations that can overlap across industries. The purpose of AML regulations is to help financial institutions detect and deter money laundering and other financial crimes. As a result, credit unions are subject to BSA compliance requirements, including the establishment of an AML compliance program.Ĭredit union compliance is the process of ensuring that a credit union has procedures in place to meet regulatory requirements designed to prevent money laundering and terrorist financing. For a time, credit unions lacking a federal functional regulator were exempt from certain BSA requirements, however, the Financial Crimes Enforcement Network (FinCEN) passed a final rule that changed that. However, this article is not intended to provide legal or other professional advice, and should not be relied on as such.Ĭredit unions face many of the same money laundering risks as other depository financial institutions and are subject to similar Bank Secrecy Act/Anti-Money Laundering (BSA/AML) standards. Disclaimer: The contents of this article are intended to provide a general understanding of the subject matter.
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Under such a definition, herbaceous plants such as palms, bananas and papayas are not considered trees regardless of their height, growth form or stem girth. Ī commonly applied narrower definition is that a tree has a woody trunk formed by secondary growth, meaning that the trunk thickens each year by growing outwards, in addition to the primary upwards growth from the growing tip. Large herbaceous plants such as papaya and bananas are trees in this broad sense. Trees are also typically defined by height, with smaller plants from 0.5 to 10 m (1.6 to 32.8 ft) being called shrubs, so the minimum height of a tree is only loosely defined. In its broadest sense, a tree is any plant with the general form of an elongated stem, or trunk, which supports the photosynthetic leaves or branches at some distance above the ground. A new layer of wood is added in each growing season, thickening the stem, existing branches and roots.Īlthough "tree" is a term of common parlance, there is no universally recognised precise definition of what a tree is, either botanically or in common language. Because of their longevity and usefulness, trees have always been revered, with sacred groves in various cultures, and they play a role in many of the world's mythologies.ĭiagram of secondary growth in a eudicot or coniferous tree showing idealised vertical and horizontal sections. In much of the world, forests are shrinking as trees are cleared to increase the amount of land available for agriculture. Trees provide shade and shelter, timber for construction, fuel for cooking and heating, and fruit for food as well as having many other uses. Tropical rainforests are among the most biodiverse habitats in the world. Trees and forests provide a habitat for many species of animals and plants. They remove carbon dioxide from the atmosphere and store large quantities of carbon in their tissues. Trees play a significant role in reducing erosion and moderating the climate. Palms, bananas, and bamboos also produce seeds, but tree ferns produce spores instead. Flowers and fruit may be present, but some trees, such as conifers, instead have pollen cones and seed cones. The shoots typically bear leaves, which capture light energy and convert it into sugars by photosynthesis, providing the food for the tree's growth and development. Above ground, the branches divide into smaller branches and shoots. Below the ground, the roots branch and spread out widely they serve to anchor the tree and extract moisture and nutrients from the soil. For most trees it is surrounded by a layer of bark which serves as a protective barrier. This trunk typically contains woody tissue for strength, and vascular tissue to carry materials from one part of the tree to another. It is estimated that there are around three trillion mature trees in the world.Ī tree typically has many secondary branches supported clear of the ground by the trunk. Trees have been in existence for 370 million years. Trees tend to be long-lived, some reaching several thousand years old. The majority of tree species are angiosperms or hardwoods of the rest, many are gymnosperms or softwoods. Trees are not a monophyletic taxonomic group but consist of a wide variety of plant species that have independently evolved a trunk and branches as a way to tower above other plants to compete for sunlight. In wider definitions, the taller palms, tree ferns, bananas, and bamboos are also trees. In some usages, the definition of a tree may be narrower, including only woody plants with secondary growth, plants that are usable as lumber or plants above a specified height. In botany, a tree is a perennial plant with an elongated stem, or trunk, usually supporting branches and leaves. European larch ( Larix decidua), a coniferous tree which is also deciduous The " electric delivery vehicles have begun making emissions-free, last-mile deliveries in cities across the country," says Rivian, and hopefully their production in Illinois will fare better than the supply chain woes that affected the Rivian R1T and R1S electric pickup assembly deadlines, sending Rivian's share price into a tailspin. It remains to be seen if or how fast Rivian will be able to fulfil Amazon's vast 100,000 electric truck units order, but the initial stage looks encouraging. Those have started to pop up in places as varied as California, Texas, or Chicago, with the Illinois Department of Commerce and Economic Opportunity, in particular, boasting that the first vehicles of the Amazon-Rivian joint venture are produced in the state under the auspices of Government Pritzker's EV manufacturing initiative. In its turn, the e-commerce giant has already deployed numerous Rivian delivery trucks on its routes, so you shouldn't be surprised to see your next Amazon delivery come on Rivian's funky-looking trucks. The reason for Amazon's huge stake in Rivian's future had to do with the 100,000 electric delivery trucks it ordered to the automaker, and Rivian just announced that it has started shipping those to Amazon en masse. While Amazon and Ford had to post paper losses on their big Rivian investments as the stock of the up-and-coming electric truck maker tanked on failed delivery deadlines, Amazon is at least getting something more than financial incentives out of its partnership. It's designed to subtly change as you touch the screen when painting. We’ve included background music made exclusively for Simile by Leonty Music. You can order canvas prints, framed prints, posters, t-shirts, mugs, magnets, and phone cases of your artwork. Simile has partnered with Kite.ly to help turn your virtual art into real-world art. Also, because Simile uses iCloud for collaboration, there is no sign-in needed. No In-app purchases are required to use this feature, so the sky’s the limit on who you invite to join you. This feature is great for making a grandmother’s day present from her grandkids or for a group of friends that want to complete a painting together. Simile’s masterpiece mode supports up to 100 people collaborating on one painting. Simile’s advanced image processing simplifies images to keep things looking real, without being too hard. Advanced Image Processing:Īnother challenge for beginning artists is to represent the real-world (which has an infinite variety of colors) with a finite set of paint colors. Simile rounds out the toolset with a pipette to help pick the right color. Simile's Grid tool further extends the Grid Method to each tile, and if you’re really stuck, you can turn on outlines which shows you the boundaries of each color. It also has a False Color tool which makes it much easier to distinguish between two shades of the same color (with extra options for color blind people). Simile has the standard tools, like paintbrushes, a paint bucket, undo, and supports the Apple Pencil (types 1 and 2) on the iPad. I’ve gotten much better the more I’ve played. This challenge is surprisingly fun, and the results are far better than you might think. Simile’s arcade mode also adds timing to the mix not only do you have to paint well, but you also have to do it fast. By trying to maximize your score, you’ll be improving your painting. Simile scores your painting in real time as you work. People often do better at a task when it’s made into a game. The intent here is to make it unclear what part of the image you are drawing, which in turn, switches off the brain’s symbolic processing so that it won’t get in the way. Simile only presents one small part of the entire image at a time, hiding the rest. For example, when trying to draw a person, most beginners will draw something that resembles a stick figure. This makes it difficult to draw what is seen and not draw the “meaning” of what is seen. Right Brain Drawing:Ī challenge for anyone learning to draw is to turn off the symbolic part of their brain, that part that tries to interpret the world around it. The technique ensures that results are accurate and have proper proportions. It divides the painting into a grid and, as a result, changes a challenging painting into a series of smaller, easier paintings. Escher, and Vincent van Gogh, Simile uses the Grid Method. Grid Method:īorrowing a technique first used in ancient Egypt and mastered by Leonardo Da Vinci, M. When you’re done you can share these masterpieces online, order high-quality prints and canvases right from within the app, or if a t-shirt is more your style, you can wear your art on your sleeve. You, your family and your friends can collaborate on paintings. Simile also makes painting a social activity. Even better, you can paint your own photos and make them as simple or as complex as you want. Choose from the many built-in paintings covering still lifes, portraits, landscapes and more. By applying the best painting techniques like the “Grid Method” and “Right Brain Drawing” with the benefits of gamification, a killer toolset, and advanced image processing, Simile turns painting a masterpiece into child’s play. With Simile's patent-pending process you can paint like a master. |