Human Resources Management (HRM) is still regarded as an unexplored area from the perspective of performance, andtherefore many unanswered questions arise from this topic.The key link is the manager in HRM who is responsible for the co-implementation of HRM practices. From this specific perspective, managerial practices are an important assumption for a successful employees' management and mainly their work performance. People management cannot exist without the existence of social competence that is inevitably influenced to a considerable degree by social intelligence of the manager.The relationship between social intelligence and performance motivation was examined on a sample of interviewees as well as the impact of social intelligence on handling demanding situations that a manager encounters in everyday work situations. The results of the research have showed the discrepancies in the age groups as well as work placement that has proved the fact that managers are more socially intelligent than non-managers. Further results of the research and the conclusions take us beyond in this area which requires increasingly bigger attention from academia. Clearly, both the impact of a manager's personality on HRM and the possibilities of influencing organizational performance are topics that require further research.

New and innovative methods for electronic cross-border funds transfer are emerging globally. These new payment tools include extensions of established payment systems as well as new payment methods that are substantially different from traditional transactions. New payment methods raise concerns about money laundering and terrorist financing because criminals can adjust quickly to exploit new opportunities.The present study analyzes prepaid cards; Internet payment systems; mobile payments; and digital precious metals in order to: (1) Identify trends in the adoption of new payment technologies; (2) Assess money laundering (ML) and terrorist financing (TF) vulnerabilities; and (3) Determine whether the Financial Action Task Force (FATF) Forty Recommendations and Nine Special Recommendations (40 + 9) adequately address any potential vulnerabilities.The study found there is a legitimate market demand served by each of the payment methods analysed, yet potential money laundering and terrorist financing vulnerabilities do exist. Specifically, offshore providers of new payment methods may pose additional money laundering and terrorist financing risks compared with service providers operating within a jurisdiction.While it is believed that the FATF 40 + 9 provide the appropriate guidance to address the vulnerabilities associated with these new methods of payment, the study does suggest further examination of the effect these evolving technologies may have on cross-border and domestic regulatory frameworks in order to ensure their compatibility with the FATF 40 + 9.

This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD or of the governments of its member countries or those of the European Union. This document and any map included herein are without prejudice to the status or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city, or area.

The banking industry is under permanent pressure for innovation of banking services and banking products. In 2014 all members of Eurozone implemented new payment system developed under Single Euro Payment Area project (SEPA). SEPA project harmonizes the way euro payments are made across Europe. In 2016 other member states of European Union joined this platform. SEPA allows consumers, businesses and public administrations to make and receive credit transfers, direct debit payments and credit cards under the same basic conditions. SEPA credit transfer is realized in one banking day. The non-banking competition in payments pressed banks to go further and the result was the implementation of first SEPA instant payment in 2017 realized in max. 10 seconds. The Society for Worldwide Interbank Telecommunication (SWIFT), which is one of the most important institutions accelerated innovations in international payments, offers a new cross border payment system known as SWIFT global payments innovation (SWIFT gpi). The aim of this paper is to define innovations in payments, especially: SEPA instant payment and SWIFT gpi. To achieve this aim we are using qualitative methods such as analysis, synthesis and comparison.

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