News Indian officials revealed last week that the country's tax agency and investigation taskforce have
concerns about money laundering and black market activities associated with bitcoin.
Other governments continued to seek to regulate cryptocurrencies out of
concerns about money laundering and other fraudulent activities.
Similarly, the British government last month began mounting a crackdown on Bitcoin amid rising
concerns about money laundering and tax evasion, with UK Treasury revealing it was looking into regulating cryptocurrencies.
EU leaders have voiced
concern about money laundering.
Not exact matches
(c) Banks are apprehensive
about boarding bitcoin entities over
concerns related to
money laundering activities which could be carried out by their newly boarded digital currency clients.
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.
Today, Kattoor raised
concerns about «consumer protection, market integrity, and
money laundering» as well as other issues that surround cryptocurrencies.
The Bank of Indonesia is
concerned about the potential role of the crypto currency in
money laundering and terrorist financing, suggesting that citizens...
Fed Chairwoman Janet Yellen has also voiced
concerns about the potential for
money laundering, while the bank has remained muted
about the possibility of issuing its own «Fedcoin».
The rest of the post includes some speculation
about the source of the park's photos (Hollywood movie sets) and the reason (
money laundering, real estate
concerns) for the hoax.
In contrast, this pales to the magnitude of
concerns I feel
about the B.C.SC striking down the
money laundering laws that apply to lawyers.
«These teams receive intelligence from law enforcement, banks and other regulators, as well as reports from those we regulate
about activity that might give rise to
money -
laundering and terrorist - financing
concerns and the effectiveness of practice within firms.
Critics are now
concerned about the number of properties not registered in the UK and say it's sometimes used as a method to
launder money.
The Law Society and the Society of Trusts and Estate Practitioners have recently expressed
concerns about ambiguity of wording and potential over-regulation of trusts in relation to
money laundering.
The trial judge in Adnan Shaaban Abou - Rahmah found that Mr Faronbi, the bank's local manager in Nigeria, had suspected that Trust International might from time - to - time be engaged in
money laundering, and had complied with reporting obligations, but had no suspicions
about the particular two transactions
concerned.
Government authorities have also been
concerned about consumer protection, market integrity, and
money laundering.
Saga holders must satisfy full KYC (Know Your Customer) qualification and AML (Anti
Money Laundering) requirements under Swiss law, resolving, according to the non-profit,
concerns about participant accountability, an issue that is generally raised regarding cryptographic currencies.
A statement from the Thai SEC obtained by the Bangkok Post reads, «Since this product is under the supervision of a standardised regulatory body, a point of
concern, in this case, is not
about fraud or
money laundering, but rather how this product has high risks.»
He admitted that although there are some
concerns raised
about the safety and protection of investors plus their use in executing criminal activities like
money laundering, the technology that comes with these digital currencies can be used to improve the efficiency and the inclusiveness of the economy and financial systems.
In part, banks say they are
concerned about the due diligence cryptocurrency exchanges do on their customers to guard against
money laundering, criminal activity and sanctions violations.
PBOC officials have since gone public
about their desire for exchanges to have strong KYC and anti-
money laundering (AML) restraints, reporting that
money laundering and capital flight were top
concerns.