Sentences with phrase «based money laundering»

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More specifically, the world's leading cryptocurrency «facilitates» trade - based money laundering schemes.

The Economic and Organised Crime Office (EOCO) has arrested two Ghanaians and a UK - based accomplice over allegations of trade - based money laundering and romance fraud.

The European Parliament voted strongly in favor of regulations, which would deter cryptocurrency - based money laundering and terrorism financing.

Not exact matches

September 14 - The Sunday Times reports the UK Serious Fraud Office is looking into evidence surrounding allegations of possible money laundering and financial fraud, brought against 1MDB by the UK - based Sarawak Report.

Prosecutors in Madrid have filed a 488 - page petition to charge 27 people with money laundering and fraud in connection to the St. Petersburg - based Tambov crime syndicate's setting up shop in Spain in 1996.

The letter also reminds casinos that they must take a risk - based approach to compliance, focusing on gaming that presents the greatest money laundering threat.

Reports that Iran developed its own blockchain - based cryptocurrency also garnered some attention, as the news came just days after the country's central bank banned bitcoin trading amid escalating concerns on money - laundering and volatility of such digital coins.

«The FBI assesses with low confidence, based on current user and vendor acceptance, that malicious actors will exploit Bitcoin to launder money.

The former Queens senator and erstwhile amigo received $ 9,600 — the maximum allowable contribution — on March 9 from GDP Consulting, a Niagara Falls - based consulting company at the center of a federal tax and money laundering probe connected to Senate Majority Leader Pedro Espada Jr..

The UK government's plans take no account of the need to assess an operator with reference to the jurisdiction in which they are based, the quality of local regulation and the need for mutual agreement on a wide range of other regulatory matters, including anti money laundering, data protection, consumer protection, contract enforcement and payments protection.

«Since the transfer of the money from the Mayor to the Independence Party was the larceny, the evidence also proved defendants» guilt of money laundering, based on the transfer of the proceeds of the larceny from the Independence Party to the shell corporation.»

Which took in $ 1.3 M (laundering campaign money from DC based American Justice Partnership and various insurance companies) and paid it out to TenCapitol, Inc and Strategum Group ($ 186,000) for a Georgia Special election 2006.

He says the capital cities of Saudi Arabia, Qatar and Kuwait «have been used as a base by wealthy individuals and religious foundations to channel millions of dollars to radical Sunni elements fighting Assad in Syria, either with the tacit approval of the regimes, or taking advantage of weak money - laundering protections within those states.»

NEW YORK — The top executive of a New York City - based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $ 1 million in Bitcoins to users of the black market website Silk Road, authorities said Monday.

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Online Dating Sites For Blacks Online Dating Why Do People Disappear Online Dating Scams In Ghanapictures... have been charged with laundering money obtained from online romance scams based in Ohio.

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Karen Vasseur, 73, and daughter Tracy, 40, laundered money in a Nigerian - based...

... have been charged with laundering money obtained from online romance scams based in Ohio.

The fifth collaboration between Martin Scorsese and Leonardo DiCaprio gets its title from Jordan Belfort's memoir, the basis for Terence Winter's script about the rise and fall of a hard - partying, drug - addicted stockbroker who led one of the most successful brokerage firms of the»90s before being indicted in 1998 for securities fraud and money laundering.

Jordan Belfort who wrote the memoir on which the movie was based, who, after being imprisoned for securities fraud and money laundering in 2003, ended serving 22 months in Taft, California.

The Infiltrator, Cranston's second solo vehicle, stars him as Robert Mazur, a Florida - based U.S. Customs official who went undercover in the mid-1980s to expose drug trafficking and money laundering connected to the cocaine empire of Colombian kingpin Pablo Escobar.

In April, Hillel Nahmad, 34, known as Helly, was charged by federal prosecutors with playing a leading role in a gambling and money - laundering operation that stretched from Kiev and Moscow to Los Angeles and New York, where he is based.

For instance, based on the European system of prevention of money laundering and terrorist financing, financial institutions have to monitor the transactions of all their clients and have the duty to report suspicious transactions.

Magic circle firm called in to advise Monaco - based Unaoil over allegations of corruption and money laundering

«Based on court documentation, lawyers convicted of money laundering were willing to exploit reporting exemptions in order to launder funds.»

According to its sites, the Birmingham, England - based ICA «seeks to transcend national boundaries by educating and supporting compliance and anti money laundering professionals globally, through the provision -LSB-...]

Marsh is based in Vancouver and saw the challenges of tracking money laundering in the real estate market there.

The Nigerian ban unfortunately merely leaves the use of crypto currencies in even cross border transactions involving physical assets based in Nigeria (for example real estate) outside the purview of Nigerian money laundering laws, the reporting and other conditions that enable scrutiny of transactions done with traditional currencies.

Given that there was no national consensus that PCAs always present a low risk of money laundering, the government view is that PCAs should not be automatically subject to SDD, but rather a risk - based approach.

Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin, all of who are based in London, admitted that they had allowed the firm's client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regulations 2007.

The firm's Asia - based investigation team regularly represented clients operating in China in response to US government inquiries and enforcement actions involving allegations of bribery, money laundering, sanctions violations and financial fraud.

He took down disgraced Ontario lawyer Simon Rosenfeld and others for drug cartel money laundering, including Mark Valentine of the now - defunct Toronto - based brokerage firm Thomson Kernaghan & Co. Ltd...

Clients welcome his deep knowledge and wide experience in the law and he is currently advising or hedge funds, compliance issues and money laundering regulations, disputes with HMRC re withholding VAT payments in cases of MTIC fraud, Bermuda based trusts, a leading Irish firm acting class personal injuries litigation.

Criminal Cases Review Commission again involved defendants who had been convicted of conspiracy to launder money on the basis that they had reasonable cause to suspect that the money was the proceeds of crime.

In a bid to combat money laundering, market manipulation and even terror funding, the rising tide of conduct - based regulations continues to challenge banks globally.

Philip Clifford, the firm's money laundering reporting officer in London, says the tailored online courses the OCC offers provide several advantages over more traditional, lecture based, training methods.

Risk - based compliance and due diligence procedures are key to spotting the signs of criminal activity, and submitting SARs (Suspicious Activity Reports) will not only ensure you comply with the law, but also play a part in tackling money laundering before unlawful funds enter the economic system.

The practice's recent representations include: (i) CONMEBOL in connection with U.S. criminal investigations and prosecutions into allegations of bribery and corruption in the international soccer world; (ii) the Special Committee of Banco BTG Pactual S.A. («BTG Pactual») in an internal investigation of alleged corruption involving its former CEO and other bank executives, in which we found no basis to support the allegations against the Bank and its employees; (iii) two of the largest construction companies in Brazil in potential civil and criminal investigations and litigation involving the Petrobras bribery scandal (Lava Jato), the largest corruption scandal in Latin American history, involving allegations of over $ 2.5 billion in bribes and kickbacks; (iv) the Government of Brazil in a corruption matter involving former senior government officials and multiple jurisdictions; (v) the General Manager of one of the largest energy companies in Central America in connection with allegations of bribery in Guatemala; (vi) a Mexican high - ranking executive for Wal - Mart Stores, Inc. in connection with DOJ and SEC FCPA investigations against Wal - Mart; (vii) a large Argentinean oil company and its owner, one of Argentina's wealthiest individuals, in connection with high - profile DOJ and SEC investigations involving alleged FCPA violations to secure an extension of oil rights in an Argentinean oilfield; (viii) the United State's largest chemical and industrial products companies in an internal investigation of alleged corruption involving its Mexican subsidiary; (ix) the Rosenthal family, one of the most prominent families in Central America, in a number of related criminal matters; and (x) a senior executive of one of Venezuela's largest engineering companies in DOJ investigations into corruption and money laundering involving PdVSA.

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.

In addition, companies are required to register with FinCen, conduct a comprehensive risk assessment of its exposure to money laundering, implement an Anti-Money Laundering Program based on such risk assessment, and comply with various record keeping, reporting and transaction monitoring obligations, in addition to meeting several other reqlaundering, implement an Anti-Money Laundering Program based on such risk assessment, and comply with various record keeping, reporting and transaction monitoring obligations, in addition to meeting several other reqLaundering Program based on such risk assessment, and comply with various record keeping, reporting and transaction monitoring obligations, in addition to meeting several other requirements.

The central bank's decision is based on the concern that cryptocurrencies may be used to finance illicit activities like money laundering, and that they may be used to finance terrorism.

The FSA began inspecting exchanges soon after the Coincheck hack in late January and the regulator determined that the exchange lacked measures to combat money laundering, demanding that the Tokyo - based operator ensure a reliable and secure business operation that safeguards consumer assets.

Professional Duties & Responsibilities Served as operations manager for $ 7 billion wealth management firm Oversaw 75 employees and approximately 15,000 client accounts Restructured new account operations reducing expenses by $ 120,000 annually Implemented new procedures for trading, marketing, and new account operations increasing company efficiency by 200 % Processed new accounts, terminations, transfers, and account registration changes for individual taxable accounts, trusts, IRA's, pension plans, endowments, foundations, and Taft - Hartley plans Created and ran performance, tax, and cost basis reports Oversaw SEC compliance and performance reporting for numerous funds Generated significant new client accounts and provided quality customers service ensuring repeat business and customer satisfaction Created marketing and sales collateral for company presentations Assisted in creation of client relationship and project management software Aided Federal Department of the Treasury for money laundering in the Financial Crimes Enforcement Network

NAR supports continued efforts to combat money laundering and the financing of terrorism through the regulation of entities using a risk - based analysis.

Any risk - based assessment would likely find very little risk of money laundering involving real estate agents or brokers.

FINTRAC has yet to be involved in the successful prosecution of a «Terrorist» cell or money - laundering activity based upon information collected and stored by Realtors.