Sentences with phrase «crime of money laundering»
Until July 2012 Brazilian legislation considered just drug trafficking, terrorism, illegal trade of weapons, kidnapping, corruption, financial crimes and criminal organizations as predicate offenses for the crime of money laundering.
https://www.lawyer-monthly.com/
That's a crime of money laundering at the very least.
Not exact matches
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.»
A lawsuit brought against Sater and others in 2015, which is ongoing, alleges that «for most of its existence it [Bayrock] was substantially and covertly mob - owned and operated,» engaging «in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.»
Pomerantz leads a class action against Deutsche Bank AG, arising from its lack of controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes.
The Financial Services and Treasury (FSTB) of Hong Kong has released its Money Laundering and Terrorist Financing Risk Assessment report which indicates that cryptocurrencies are left out of organized crime or ML / TF concerns.
Beyond the risks to the customer, there are also compliance risks to the bank... the anonymous nature of virtual currencies leads to the possibility that they may be used to launder money, finance crime and so forth.»
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.
Money laundering is a major threat for banks of all sizes, although smaller, regional banks often have the most to lose when they are subject to this crime.
The crimes committed were extortion, money laundering, and obstruction of justice during the Silk Road investigation and the arrest of the Dread Pirate Roberts (DPR).
PV: «The way it works, is someone like the Financial Crimes Enforcement Network (FinCEN) issues guidance on money laundering, and the states... say, «Okay, this is about money transmission,» and things like that can lead to the creation and issuance of a BitLicense.»
The «modern technology services» discussed in the report point to cryptocurrencies and their usage to launder money derived from the illicit trade of firearms, drugs, human trafficking, and other organized crime.
The paramount crime issue in the source zone is the production of illicit narcotics, followed by money laundering, alien smuggling, illegal weapons trafficking, and human trafficking.
The investigations could lead to charges of bank fraud, money laundering, and threats of violence — all state crimes.
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.
Fraud and money laundering will be tougher to execute, as it would become significantly more difficult to forge documentation; and such crimes would be easier to detect, as the identity of an individual or entity can also be stored on the blockchain, which ensures secure and quick identity authentication without the need to warehouse data at third - party repositories.
Once Levy was a Madoff client, the relationship included classic, unchecked evidence of money laundering for years and years that should have resulted in legally - mandated Suspicious Activity Reports (SARs) filed with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).
«Citizens and legal entities risk being drawn - even unintentionally - into illegal activity, including laundering of money obtained through crime, as well as financing terrorism,» Russia's Central Bank said in a statement.
«It's not strictly criminal money laundering unless the underlying money is proceeds of another crime, and I don't think we have any indication that that's the case,» said former federal prosecutor Randall Eliason.
If someone is guilty of a crime in this litany of «neithers» they should or should have been penalized as the law dictates to include jail terms for pedophiliacs (priests, rabbis, evangelicals, boy scout leaders, married men / women), divorce for adultery (Clinton, Kennedy, Woods), jail terms for obstruction of justice) Clinton, Cardinal Law), jail for embellizing / money laundering (the topic rabbi) and the death penalty or life in prison for murder («Kings David and Henry VIII).
He claimed we were «jealous» and that we wanted to protect ourselves from being caught by other illegitimate footballing regimes fuelled by illicit oil revenues, the proceeds of crime or the outcome of widespread money - laundering.
The two former ministers were charged by the Economic and Financial Crime Commission (EFCC) alongside one Danjuma Yusuf and a company, Joint Trust Nigeria Limited, on alleged money laundering to the tune of N4.9 billion.
The Economic and Financial Crimes Commission (EFCC) has finally arraigned immediate past governor of Benue State, Mr Gabriel Suswam, before the Federal High Court in Abuja, for allegations bothering on money laundering and corruption charges.
Mohammed ordered his remand shortly after The Economic and Financial Crimes Commission arraigned Fintiri on a five - count charge of money laundering and fraud.
While Nwaoboshi was dragged to court by the Economic and Financial Crimes Commission over alleged money laundering and conspiracy, two counts of money laundering and conspiracy before Mohammed Idris, a judge of the Lagos Division of the Federal High Court.
The Economic and Financial Crimes Commission, EFCC has on Tuesday arraigned a former Director - General of the National Broadcasting Commission, NBC, Emeka Mba alongside three others before Justice Gabriel Kolawole of the Federal High Court sitting in Maitama, Abuja on a 15 - count charge of money laundering and procurement fraud to the tune of N2.8 billion.
«The only liberty that Liberty Reserve gave many of its users was the freedom to commit crimes, as it became a popular hub for fraudsters, hackers, and traffickers,» U.S. Attorney Preet Bharara said Tuesday in announcing charges against seven people in a $ 6 billion scheme that he billed as possibly the largest money - laundering scheme even seen in the United States.
Justice Dimgba gave the order shortly after the Economic and Financial Crimes Commission re-arraigned Turaki and three companies on 32 counts of money laundering offences involving about N37bn.
Suswam and his former Commissioner for Finance, Omadachi Oklobia, were arraigned by the Economic and Financial Crimes Commission EFCC on a nine - count charge, bordering on money laundering to the tune of N3.1 billion.
He said, «We find it demeaning, insulting and outrageous that our senator acted as an escort and body guard to the wife of the Senate President when she was arraigned in court on charges of money laundering by the Economic and Financial Crimes Commission.
Despite his frail health, the Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh on Wednesday showed up at the Federal High Court, Abuja, for his trial which borders on a seven - count charge of criminal breach of trust and money laundering to the tune of N400m brought against him by the Economic and Financial Crimes Commission (EFCC).
The Economic and Financial Crimes Commission, EFCC, Tuesday presented another witness, Alhaji Suraju Ahmadu, in the ongoing trial of Alhaji Sule Lamido, erstwhile governor of Jigawa State, who is being prosecuted by the Commission on a 27 - count charge bordering on abuse of office and money laundering before Justice Adeniyi Ademola of the Federal High Court Maitama, Abuja.
Recall that the Economic and Financial Crimes Commission, EFCC, recently ordered the freezing of some bank accounts belonging to the former First Lady due to the ongoing investigation of alleged money laundering.
Fonvil and Depas face felony charges include third - degree grand larceny as a crime of public corruption, third - degree corrupting the government, and money laundering.
Lamido: EFCC Presents another Witness The Economic and Financial Crimes Commission, EFCC, Tuesday presented another witness, Alhaji Suraju Ahmadu, in the ongoing trial of Alhaji Sule Lamido, erstwhile governor of Jigawa State, who is being prosecuted by the Commission on a 27 - count charge bordering on abuse of office and money laundering before Justice Adeniyi Ademola -LSB-...]
We believe the funds in the accounts are part of the proceeds of crime, particularly money laundering and outright diversion of public funds.
Alleged Corruption: How Dariye Diverted N204m to Own Company - Witness The Economic and Financial Crimes Commission, EFCC, has presented more evidence against a former governor of Plateau State, Joshua Dariye, who is being prosecuted on a 23 - count charge bordering on money laundering and diversion of funds, before Justice Adebukola Banjoko, of the Federal Capital Territory, -LSB-...]
The defense attorney in 2008 pleaded guilty to a single instance of felony cocaine possession after an investigation of crimes that ranged from money laundering to mortgage fraud to drug distribution.
But it does not turn over individuals arrested for low - level crimes such as possession of small amount of marijuana or blowing a stoplight without damaging people or property, or even for more serious nonviolent violations like money laundering, grand larceny or harassment.
Manhattan U.S. Attorney Preet Bharara's office also said the hefty suggestion stemmed from «the many egregious aspects of the defendant's crimes — including Silver's role as a high - level public official, his engagement in multiple corrupt schemes, the millions of dollars in bribe money Silver took in, and his laundering of his crime proceeds.»
Badeh, who is being prosecuted by the Economic and Financial Crimes Commission, EFCC, alongside Iyalikam Nigeria Limited on a 10 - count charge bordering on money laundering, criminal breach of trust and corruption to the tune of N3.97 billion, had on March 7, 2016 pleaded not guilty to the charges.
Urges all Member States to promptly and correctly transpose into their national legislation all existing EU and international legal instruments concerning organised crime, corruption and money laundering; urges Member States and the Commission to complete the Roadmap on the rights of suspects and accused persons in criminal proceedings, including a directive on pre-trial detention;
Metuh was arrested and detained by operatives of the Economic and Financial Crimes Commission (EFCC) on allegations of diversion of security funds and money laundering.
The Economic and Financial Crimes Commission, EFCC, yesterday set Thursday January 14, for the arraignment Government Ekpemupolo (aka Tompolo), and Patrick Akpobolokemi, former director general of Nigeria Maritime Administration and Safety Agency, NIMASA before a Federal High Court, Lagos on a 40 count charge of alleged money laundering, conspiracy, stealing and diversion of funds.
Flamboyant lawyer Richard Luthmann, who once famously sought to resolve a civil lawsuit through «trial by combat,» was arrested by the FBI on a slew of charges, including kidnapping, kidnapping conspiracy, money laundering, brandishing a firearm to commit a crime, aggravated identity theft and extortion conspiracy.
This is coming on the heels of the seven - count charge slammed on the PDP spokesperson for alleged money laundering and corruption which were filed against him by the Economic and Financial Crimes Commission, EFCC.
The Supreme Court ruled on Friday that a former National Publicity Secretary of the Peoples Democratic Party, Chief Olisa Metuh, had a case to answer in respect of the money laundering charges involving the sums of N400m and $ 2m instituted against him by the Economic and Financial Crimes Commission.
Agbele was arraigned by the Economic and Financial Crimes Commission, EFCC, on an 11 count, charge of money laundering involving the sum of N1, 219,000,000 said to be part of N4, 685,723,000 allegedly transferred from the Office of the National Security Adviser, ONSA.
«One of the people familiar with progress on the case said both Mueller's and Schneiderman's teams have collected evidence on financial crimes, including potential money laundering.»
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has expressed the Commission's preparedness to go after any operator of Designated Non-Financial Institutions (DNFIs) found to be aiding or abetting money laundering and terrorism financing in the country.