Sentences with phrase «illegal money laundering»

Bing holds the opinion that the ban shall be in place until regulatory policies and frameworks for both projects and ICO investors are introduced by local financial regulators which surely will serve as a bridge over troubled waters caused due to illegal money laundering and other associated activities which use ICO as a safe haven.

Gaurav feels that such cryptocurrencies are being increasingly used in fostering speculative transactions and illegal money laundering.

He also further talked about the use of cryptocurrencies for illegal money laundering practices.

Given online frauds and illegal money laundering activities, your account may / could have been used by someone to deposit illegal money and transfer it somewhere else.

«These violations represent an illegal money laundering scheme and constitute an improper, taxpayer - funded windfall for Laura Curran 2017,» Derham wrote in an Oct. 13 letter to Risa Sugarman, the election board's chief enforcement counsel.

Not exact matches

Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23 - count indictment over crimes including computer hacking, securities fraud, wire fraud, identity theft, illegal Internet gambling and conspiring to commit money laundering.

Freeman said the risk of money laundering «is far greater in the vast, unregulated, illegal sports betting market than in the highly regulated, legal gaming industry.

This digital - currency trading platform provided an online black market for money laundering of illegal drugs, weapons and human trafficking and other nefarious offerings.

This gap could be used for money laundering, or other illegal activity.

The exploratory research study, intended to advise authorities going forward, concluded that it was likely that the virtual currency had been used for illegal activities, including money laundering.

Sources described as «close to» the agency apparently said that the move comes in response to concerns over money laundering and other possible illegal uses of the cryptocurrencies.

The document also notes the central bank's concern that these digital assets could be used for illegal purposes, including money laundering and the support of terrorism.

In investment lingo, a smurf is someone who launders money - that is, filters illegal funds through corporate fronts in order to make it appear legitimate.

This makes Bitcoins a potentially good choice for tax evasion, money laundering and other illegal activities.

He said the bank is concerned bitcoin might be used for fraud or other illegal activities like terrorism, money laundering, prostitution, drug trafficking.

The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.

Due to its anonymity and untraceabilitiy, it is used for criminal activities such as laundering money, buying and selling illegal goods and services and transferring money to support criminal or terror activities.

«We have simply noted in conversation with Mr. de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity, which is a standard practice for, say, pawnshops.

In April, the FBI indicted the owners of the three biggest Internet poker companies, charging them with money laundering, fraud, and illegal gambling offenses.

«We have simply noted in conversation with Mr de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity.»

The paramount crime issue in the source zone is the production of illicit narcotics, followed by money laundering, alien smuggling, illegal weapons trafficking, and human trafficking.

To combat the activities of Mexican, Central American, and South American transnational criminal organizations — including illicit finance and money laundering activities and the flow of illegal drugs — the FBI works side - by - side with its numerous domestic and international partners to infiltrate, disrupt, and dismantle these groups by targeting their leadership and using sensitive investigative and intelligence techniques in long - term, proactive investigations.

In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash in [physical gold coin] demand,» that interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short article.

Amidst growing fear of Bitcoin and other digital currencies being used for illegal purposes, such as money laundering, the Europol has recently set up a group meant to combat the process with the help of bitcoin.

Even disclosures about potential violations of gaming license and concession rules in Las Vegas, Massachusetts, and Macau are more focused on things like illegal gambling, money laundering, and debt collection rather than sexual misconduct.

These raids prove that South Korea will continue to be strict on cryptocurrency platforms and exchanges which do not comply with laws, or are doing something illegal such as money laundering or insider trading.

This is a document aimed prevent and minimize possible risks of any kind of illegal activity, such as money laundering, terrorist financing, drug and human trafficking, etc..

Stiglitz has been on the public record saying that Bitcoin should be made illegal and that once it is regulated to the point where it can't be used to launder money or fuel other illicit activities it will disappear.

«Citizens and legal entities risk being drawn - even unintentionally - into illegal activity, including laundering of money obtained through crime, as well as financing terrorism,» Russia's Central Bank said in a statement.

Wang also pleaded guilty to money laundering for transferring the illegal proceeds from Unicorn's account to an account of a new shell company he controlled.

However, these precautions do not guarantee anonymity and are illegal to the extent that they constitute money laundering or otherwise violate the law.

Concerns surrounding usage of cryptocurrencies in illegal activities, such as money laundering, are well founded.

«Yes, bribery is illegal and money laundering is illegal, but this all stemmed from alleged misuse of public office.

That can not be the case and that will not be the case and there's a dedicated commitment and chapter on combating corruption, white collar criminality, illegal trafficking and money laundering,» he said.

The former NSA has been slammed a four - count charge of money laundering and illegal possession of firearms by the Department of State Services (DSS).

Sambo Dasuki, former national security adviser (NSA), Wednesday failed to appear at the federal high court, Abuja, where his trial for money laundering and illegal possession of firearms was scheduled to go on.

Dasuki is standing trial on a five count charge bothering on illegal possession of firearms and possession of amounts of local and foreign currency in his residence contrary to Money Laundering Act.

Lamido, his sons, Aminu and Mustapha, were re-arraigned alongside Aminu Abubakar, Batholomew Agoha and three companies on an amended 43 - count bordering on money laundering and illegal diversion of public funds.

The aircraft of the same Oritsejafor was involved in the scandalous and illegal arms deal and money laundering in South Africa.

There is a dedicated commitment and charter on combating corruption, white - collar criminality, illegal trafficking and money - laundering.

The relatively anonymous nature of digital currencies has made them very attractive to criminals, who may use them for money laundering and other illegal activities.

As an exchange we provide a platform, we monitor the market, we work with the regulators to ensure the fairness of the market, we validate all the technology platforms, we make sure the trading that people are doing is fair and we make sure there are no illegal activities (like money laundering) taking place.

In addition to this, you may end up being implicated in money laundering, terrorist financing among other illegal activities.

(Macedo had already served time in prison and is currently under investigation for money laundering, illegal importations, abuse of power and religious discrimination.)

Lefebvre admitted to laundering billions of dollars in illegal gambling proceeds through his company, NETeller — a British online money transfer company that also traded in carbon dioxide emission credits.

Among other things, those posts accuse Padrick and Obsidian of engaging in «illegal activity,» including «corruption,» «fraud,» «deceit on the government,» «money laundering,» «defamation,» «harassment,» «tax crimes,» and «fraud against the government.»

re: PolyisTCOandbanned You are likely familiar with the idea of «money - laundering» whether in the formal sense of washing illegal funds, or in the more general sense of moving money around so you can't tell where it came from, as in some political donations and the whole funding complex of thinktanks and and fronts,.

In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.

Until July 2012 Brazilian legislation considered just drug trafficking, terrorism, illegal trade of weapons, kidnapping, corruption, financial crimes and criminal organizations as predicate offenses for the crime of money laundering.

According to the FSC, the measures outlined were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion,»