Sentences with phrase «association with money laundering»

Not exact matches

Recently, the Canadian Bar Association offered carefully worded recommendations to a federal finance committee tasked with reviewing the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Its association with crime — namely money laundering and narcotics through the online black market Silk Road — as well as an alarming amount of price volatility has left regulators and financial - market participants wary of its potential implications, and therefore reluctant to embrace it wholesale thus far.

Offshore accounts are used by wealthy individuals and corporations around the world as a perfectly legal way to reduce their tax burden, although the anonymity provided to account holders has also led to associations with tax evasion, money laundering and organized crime.

BM: Are you worried about a scenario where bitcoins with close association with a bitcoin address used on the Silk Road are flagged as being high risk for money laundering?

The South Korean» Blockchain Association, speaking with Business Korea, stated; «We are seeking out ways to solve problems by launching a self - regulation commission and imposing duty to prevent money laundering.»

The National Association of REALTORS ® (NAR) collaborated with the U.S. Department of Treasury to develop voluntary guidelines to increase real estate professionals» awareness of the potential money laundering risks surrounding real estate transactions.

TORONTO — Canada's money - laundering watchdog drafted a document warning the real estate sector to be on guard for «specific ethnic communities» dealing with terrorism and war, before removing the reference at the behest of an industry association, documents show.