Sentences with phrase «as money laundering»

This means combating financial crime such as money laundering also becomes easier.

This move aims at preventing bitcoin from being used as a money laundering tool.

Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.

Today there are a lot of talks about investor protection and usage of crypto assets in criminal activities such as money laundering.

He had faced three federal charges — mail fraud, wire fraud and extortion — for each scheme, as well as a money laundering charge after prosecutors accused him of having illegally laundered the proceeds of those schemes to lucrative investments with a Buffalo - area venture capitalist.

Although Russian authorities are keeping an open mind on cryptocurrency, they also want to show it will not be tolerated as a money laundering unit.

This makes the stance of Russian government very clear: they want to show that cryptocurrencies will not be tolerated as a money laundering unit, on one hand, while on the other hand want to show they are rolling out the welcome mat for bitcoin and similar technologies.

The existing «failure to disclose» offences under POCA remain in place under the new regime.4 These offences impose obligations on firms in the regulated sector («Regulated Firms»), their employees and their nominated officers (i.e. those nominated to receive internal reports such as the Money Laundering Reporting Officer «MLRO») to make an internal or external disclosure in certain circumstances.

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.

Activities such as money laundering too, were under their scanner and these raids look like the authorities have made some breakthrough in this direction.

Susan writes about money laundering for a living, in publications that surely must be contenders for the satirical TV programme Have I Got News For You «s guest magazine of the week, with titles such as Money Laundering Bulletin.

Hence the money staying in the OP's account because it was a real transfer from a real person: the OP wasn't necessarily being scammed, but was being used as a money laundering pawn.

However, some of its members, such as Herman Van Ommen, president of the Law Society of British Columbia, believe only transactions involving physical cash qualify as money laundering.

A case before the society of lawyer Donald Gurney, who is accused of allowing $ 25 million in offshore money to flow through his trust account without doing substantial legal work for the client, is being treated as a violation of the society's rule that you can't be involved in transactions that may assist a client in doing something wrong — not as money laundering, says Van Ommen.

«It falls into the framework she is pursing where she wants to show in a post-Brexit world that Britain is a safe place to live and do business, and by combining them she is creating a body that goes after risks that threaten national security such as money laundering from major crime and even terrorism.»

While this may be a bar to cases ending up as money laundering prosecutions, there is good reason for that, and any attempt to make changes here is likely to be met (rightly, in the author's view) with great resistance.

He can be expected to present a real - world vision of a technology which has the potential to remove intermediaries from the conveyancing process — but also to protect lawyers in areas such as money laundering compliance.

In that context, failing to answer truthfully is basically a form of U.S. tax law evasion as well as money laundering per US law, and not answering truthfully is a serious felony offense.

Undesirable things occurred during the check - up process, such as money laundering through an unconfirmed virtual account or, in some cases, depositing customer money in the accounts of employees in the business,» Hong said in the video.

Cryptocurrency is at the centre of activities such as money laundering which countries are trying to crack down on.

This Advisory, in addition to the Geographic Targeting Orders that FinCEN has imposed over the past couple years, demonstrates the government's continued focus on the real estate market's vulnerability as a money laundering vehicle.

In a statement, the B.C. regulator said that while there were many legitimate purposes for cryptocurrencies, there are also «significant risks associated with them, including the risk that the currency may be used to disguise the source of money derived from criminal activities — commonly known as money laundering.»

According to U.S. law, any financial transaction of more than $ 10,000 involving illegal funds counts as money laundering.

A frequent panelist and lecturer on anti-money laundering regulatory and compliance topics, Gary's represented financial institutions against governmental and customer lawsuits and administrative adverse actions related to the Bank Secrecy Act, Right to Financial Privacy Act, Electronic Communications Privacy Act, as well as money laundering and regulatory compliance matters.

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.»

New York state financial regulators have issued subpoenas asking Bitcoin - related companies for information into whether safeguards are in place to prevent the virtual currency from being used in illegal activities such as 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.

This is because of The Patriot Act, which requires lenders to make sure money isn't part of unscrupulous activity such as money laundering.

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.

Beijing has defined ICO's as an illegal fundraising tool because they are afraid that cryptocurrency encourage financial crimes such as money laundering, causing companies within the country to look for other place that will allow them to promote and grow their ICO without the fear of legal consequences.

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..

While the world has been busy criticizing Russia for the way it is hosting the 2014 Sochi Winter Olympics, its government is busy cracking down on virtual currencies that allegedly can be used for criminal activities such as money laundering and terrorism.

The 48 - year - old has something of a shady past in this aspect, and has been involved in a number of questionable activieis such as money laundering and getting involved in business deals with drug lords.

The federal government on Friday issued guidelines for banks seeking to do business with the legal marijuana industry, stopping short of a blanket immunity for them, but strongly indicating that prosecutions for such crimes as money laundering would be unlikely.

To protect you against fraud, unauthorized transactions (such as money laundering), claims and other liabilities, we only collect an identification number and order details which enable us to match each user to the payments he makes.

Your details may also be used to commit serious crimes, such as money laundering and even terrorist acts.

With such sophisticated crimes as money laundering and exotic animal smuggling becoming more and more of a global problem, the services and functions provided by dogs are becoming more and more diverse as a consequence.

When flows run through regulated exchanges, it will be much easier to tackle potential wrongdoing, such as money laundering, and make sure tax is paid.»

Early involvement of legal advisors is essential in order to ensure not only the best possible outcome, but to ensure that material provided during such investigations does not prejudice clients and lead to prosecutions for related offences such as money laundering.

But as Western Europe begins to catch up to the US, many countries in Central and eastern Europe have yet to join the race, launching few investigations and focusing their limited efforts in areas other than securities regulation, such as money laundering.

It builds on the 4th Directive implemented in May 2015 to prevent the use of the financial system for financial crimes such as money laundering and terrorist financing.

Our attorneys handle white - collar criminal defense for charges such as money laundering, bank fraud, insider trading and others to clients in Miami.

Also to promote trading of Bitcoin on registered exchanges only and keeping a tab on illegal activities related to it such as Money laundering, Drug trafficking and Terror Funding.

The idea is to treat such currency in a manner similar to gold sold digitally, so that it can be traded on registered exchanges in a bid to «promote» a formal tax base, while keeping a tab on their use for illegal activities such as money laundering, terror funding and drug trafficking.

SEOUL — South Korea has yet to decide how to regulate crypotocurrency trading, a senior government official said, highlighting Seoul's struggles to supervise a market that critics say remains opaque and vulnerable to risks such as money laundering.