Sentences with phrase «as laundering money»

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.

The show centers around five nail technicians who work at the Nail Artisan salon of Manatee County, Florida as they launder money for a nearby pain clinic.

Not exact matches

An Iranian newspaper says the country's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to «prevent crimes such as money laundering and terrorism.»

IMF Managing Director Christine Lagarde highlighted cryptocurrency's potential as a vehicle for money laundering and the financing of terrorism.

But the system is collapsing as Beijing tightens up on money laundering and capital flight.

Earlier this week, a regulator ordered CBA to keep an extra A$ 1 billion ($ 750 million) in cash reserves as punishment for the alleged money laundering breaches, which it is contesting.

On April 15, 2011, a day that would later become known as Black Friday in the online poker community, the Department of Justice shuttered two major online poker giants, PokerStars and Full Tilt Poker, accusing the company founders of fraud, money laundering, and operating a Ponzi scheme.

Deutsche Bank was fined earlier this year as part of a Russian money - laundering scheme that involved its Moscow, New York, and London branches.

Money laundering refers to when illegally obtained money is made to appear as though it came from legitimate souMoney laundering refers to when illegally obtained money is made to appear as though it came from legitimate soumoney is made to appear as though it came from legitimate sources.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

The Treasury was required to assess North Korea's status as a money laundering jurisdiction under the «North Korea Sanctions and Policy Enhancement Act,» passed nearly unanimously by the U.S. Congress in February.

As cryptocurrencies are not backed by government, several authorities fear they may be used for illicit activities like money laundering.

«Ozark» is a recently released original drama series starring Jason Bateman as a money - laundering family man who's seriously jammed up with the Mexican drug cartel he works for.

The vast majority also believed the abolition of notes and coins would cause problems to parts of the population, such as the elderly, while only a third saw it as a way to fight tax evasion and money laundering.

Russian Deputy Finance Minister Alexey Moiseev told Bloomberg in an interview this week that the authorities hope to recognize bitcoin and other cryptocurrencies as a legal financial instrument in 2018 in a bid to tackle money laundering.

«Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small,» the former chief economist of the International Monetary Fund (IMF) said.

Mnuchin said anyone dealing with cryptocurrencies operates under the same money - laundering rules as banks.

It came crashing down hard on Friday as a federal judge in Manhattan sentenced Ulbricht to serve the rest of his life in prison, following his earlier conviction on seven charges related to conspiracy, narcotics and money - laundering.

Together with Manafort, Gates had been indicted on 12 charges related to money laundering, tax fraud, failure to register as foreign agents, and conspiracy against the United States.

As such, the financial watchdog is concerned that the platform could be used for money laundering activities.

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 country's top lender picked retail head Matt Comyn as chief, despite a money - laundering scandal in his unit.

Even as Goldman Sachs is gaining a more prominent profile in the administration of Donald J. Trump, the Wall Street investment firm is undergoing scrutiny in an investigation in a sprawling international money laundering and embezzlement scheme.

At the same time as a result of sloppy execution some of these banks are guilty themselves of facilitating drug money laundering activities and as a result have paid billion dollar settlement fines.

For example, in the aforementioned article, reference is made to a gentlemen named Martin Woods, who served as director of Wachovia's anti-money laundering unit in London for three years before leaving his position «in disgust» after his repeated requests to executives to put a stop to ongoing drug money laundering operations, which were allegedly occurring in Wachovia's branch network, were ignored).

«Since 2006, more than a dozen banks have reached settlements with the Justice Department (United States) as restitution for violations related to money laundering.

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.

As Forbes reported in a story about money laundering in 1986, «once the money enters the banking stream through shady banks, it is indistinguishable from other money.

Because of legislation such as the Bank Secrecy Act, signed into law in 1970, and the Patriot Act, which was made law in 2001, those institutions must maintain strict compliance programs to monitor for signs of money laundering, terrorist financing, and other criminal acts, and they are obligated to report suspicious activities to authorities.

As reported before, one of the two decree drafts specifically eyed regulation on cryptocurrency taxation in an effort to prevent money laundering and tax avoidance.

Yet, the facts, as laid down in his own Treasury's report had stressed that «risks of digital currency used for money laundering to be relatively low».

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

In the European Union, a new plan is expected to regulate cryptocurrencies under the same anti-money laundering laws as fiat money.

Iran's central bank last week prohibited local banks from dealing in cryptocurrencies due to concerns about money - laundering as the country tries to halt a currency crisis ahead of a possible return of crippling sanctions.

Still, Lawsky also highlighted positive aspects of the new technology, saying there was room for a thriving industry as long as it stuck to the rules, avoided money laundering, and did not duck regulation off - shore.

Mark Branson, chief executive of the Swiss financial regulator FINMA, said on April 7 that it is dealing with a number of money laundering cases that look like «blatant and massive corruption», citing controversies around Brazil's Petrobras and 1MDB as two prominent examples.

Take a deep dive into the underworld of drugs and money laundering as this ex-undercover agent explains how he infiltrated the Medellin drug cartel.

Today, Kattoor raised concerns about «consumer protection, market integrity, and money laundering» as well as other issues that surround cryptocurrencies.

He suggested that there would be a violation of campaign finance laws if Trump and Cohen structured the payment «in a way to avoid detection or in an effort to make it appear to be something that it was not, namely, a retainer payment as opposed to $ 130,000 reimbursement, that may involve money laundering depending on how it was handled.»

Otto de Voogd, the site's operator, told ERR News that he had received e-mails in which the Estonian Financial Intelligence Unit requested, under the Money Laundering and Terrorist Financing Prevention Act, «copies of IDs of clients, internal measures or procedure of due diligence,» and evidence btc.ee was registered as a trader of currencies.

The police said that under the Money Laundering Act, a person conducting transactions with Bitcoin, including as a broker, is an alternative payment service provider.

In an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoin.

Widespread cargo theft has also given rise to concomitant offenses such as robbery, kidnapping, homicide, interstate transportation of stolen motor vehicles, drug trafficking, health care fraud, money laundering and insurance fraud.

Would the government classify our clients - bitcoin businesses - as entities of primary money laundering concern?

The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.

They believe that it is in fact a threat to the security of the Russian nation as it would allow for widespread money laundering and other illicit activities a safe haven to take place.

As per reports, the country's Justice Department has already started discussing ways to bring bitcoin under its AML Laws so as to bring forth more transparency with crypto dealings and reduce the chances of it being used for money launderinAs per reports, the country's Justice Department has already started discussing ways to bring bitcoin under its AML Laws so as to bring forth more transparency with crypto dealings and reduce the chances of it being used for money launderinas to bring forth more transparency with crypto dealings and reduce the chances of it being used for money laundering.

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.

According to recent reports, the launch of the Bitcoin money laundering division by the Europol, as a result of their partnership with the INTERPOL and the Basel Institute of Governance, may actually prove beneficial for the industry.

Money laundering: a crime as old as currency itself.