Sentences with phrase «because of the money laundering»

Although bank wire transfer is allowed, it is best to avoid using it because of the money laundering concerns associated with it and its subsequent high fees.

Not exact matches

«They need to bypass the media and communicate directly to get their message through, because whatever they (say) via media it will be put into a whirlpool of Royal Commission, money laundering and other filters,» added Harris, referring to the powerful independent inquiry into the broader finance sector.

«Donald had to agree to every term of every deal and had to sign off on everything,» Kriss, who worked with the real - estate company Bayrock before leaving because he was convinced it was a money - laundering front, told O'Brien last month.

And because so few people understand the art market, rigging the value of paintings is a simple way to launder 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.

Canadian and international banks take the position that they won't board bitcoin clients because of concerns that bitcoin entities could be used to facilitate drug money laundering activities.

In the post, Gates said the main feature of cryptocurrencies is «their anonymity» — which is not good, he said, because the government needs to track money laundering, tax evasion and terrorist funding.

Moreover, many of these businesses could not be used for money laundering because they do not hold customer funds, yet they could still be required to obtain a money transmission license.

From there, the money is quickly laundered through a series of bank accounts that can be traced to Hong Kong and China, where the trail often goes cold because diverging regulations foil monitoring, CrowdStrike's Meyers said.

US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a «global financial disaster», a report says.

The bail - out, first requested in June 2012, was delayed partly because of concerns expressed by eurozone states, notably Germany, that its financial sector was opaque, thus aiding money laundering.

Soooooo where do you think septic goes??? Look into how a septic system works... I used disposables all of my almost 3 year olds life and I just had my second child and diapers for two children is extreamly costly so I switched to cloth diapers and I LOVE them not because Im eco friendly or because I hate disposables I still use them with my almost 3 yearold because she is going through potty training but just for the fact alone that it saves so much money and its not as hard to do as people think expecially with all the different types alot of the time you do nt have to even touch soiled diapers to launder them they have ones that the liners will come out in the wash and you do nt have to dunk them in the toilets if you have sprayers..

The witness told Justice Adeniyi Ademola that some money was found in Dasuki's house but that he would not know whether the defendant committed money laundering offence or not because he does not know the definition of money laundering under the law.

The 32 - year - old who is very popular on various social media platforms because of his display of flashy and expensive cars was reported by bloggers and social media commentators to have been arrested for alleged money laundering.

You also get the benefit of saving money on paper towels because you launder them and reuse.

And it always is fishy, atleast for banks because of heightened money laundering regulations, for people opening accounts and starting to transfer money to accounts with other banks.

The only thing worse than being scammed out of a large sum of money that you owe a bank eager to collect it is to get a knock on your door one morning and find a number of serious - faced federal agents there to inform you that you'll need to come with them because they think you're guilty of wire fraud, conspiracy to commit money laundering, and god knows what else.

I know because I was one of the people who warned them that they were going to be investigated for money laundering.

On the face of it, if you're laundering money through Star Citizen, the last thing you want to do is provide CIG with your ID because then it's all going to get traced right back to you if things go South.

Experts say real estate transactions are a popular way to launder money, in part because of the large sums involved.

Finally, the court rejected the appellant's submission that the motion judge erred in finding that the respondent was a bona fide purchaser because he had obtained access to all of the stolen funds through his knowing participation in an illegal underground currency exchange that engaged in money laundering.

In fact, this summer, «a finance ministry panel also reportedly recommended that virtual currencies should be banned in the country because of their potential misuse for money laundering and fraud,» he wrote.

The head of the FSC issued another warning in that respect: «Virtual currency transactions are highly susceptible to money laundering», because of their anonymity, he said.

Thus, investors do not have to worry about the risk of fraud or engaging in money laundering unwittingly, because of the tough regulations.

Be aware that «money transmitters» are also highly regulated under each state's laws, many of which require advance licensure; however, because state money transmitting laws are typically aimed at consumer protection rather than anti-money laundering, we do not address the issue of state regulation here other than to note that there is no uniform licensing scheme across the 50 states.

However, they don't fear it because of the potential for money laundering, terrorist financing, or harm to unsuspecting consumers.

Kelly's remarks were also made on the very same day of the US Treasury stating that cryptocurrencies are a threat both because of its anonymous nature which facilitates nefarious activities such as terrorist - funding and money laundering.

The ban was originally implemented because authorities believed the technology could be used for money laundering or to bet on a collapse of the yuan.

It is no secret that BitLicense scrutinizes Bitcoin companies unfairly because of the digital currency's colored past in terms of shady marketplaces and money laundering schemes.

If I was doing some money laundering, I wouldn't go through a Realtor because of the reporting, but would strictly go through FSBO's and postings.

He said officials in Japan have told him that Caesars» lack of a casino operation in the the Chinese enclave of Macau is a strength because the region is often associated with money laundering and other unsavory practices.