Sentences with phrase «criminal money laundering»

One of the largest China's bitcoin exchanges is found guilty by the Chinese court of aiding criminal money laundering and improper company registration.

«In addition to mitigating illicit finance risks like criminal money laundering, there will likely be a need to develop strategies to counter state actors aiming to use cryptocurrencies to circumvent U.S., EU, and UN sanctions.»

Take a look at our recent case results, highlighted by federal crimes cases such as criminal money laundering and federal price - fixing.

There is also the potential to be set up as the fall - guy in some criminal money laundering operation and being prosecuted.

«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.

Not exact matches

New York's attorney general, Eric Schneiderman, was recruited last month to help investigate Manafort for possible financial crimes and money laundering, and the IRS» criminal - investigations unit joined the investigation to examine similar issues.

The man, Ross Ulbricht, was convicted of seven felonies, including trafficking drugs on the internet, narcotics - trafficking conspiracy, running a continuing criminal enterprise, computer hacking, and money laundering.

Mr. Siegal is perhaps best known for his victory in defense of high - profile private equity financier Benjamin Wey against federal criminal and civil securities fraud and money laundering charges.

He notes there are three criminal cases pending against Deguito in Philippine courts that include allegations of anti - money - laundering violations, perjury, and falsification of documents.

Both the Chinese and US governments have made it clear that they fear casinos are used by international criminals to launder money.

First the country became a tax haven and alleged money - laundering hub for Russian criminals.

Le Maire elaborated about Landau's special task: «This mission will propose reorientations on the evolution of [cryptocurrency, and] regulation to better control development, prevent their use for [the] purposes of tax evasion, money laundering, or financing of criminals or terrorism.»

The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.

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.

That, critics say, would be a boon for the multibillion - dollar counterfeiting industry, which costs U.S. companies money, can imperil consumers» safety, and feeds an underground money - laundering industry for criminal syndicates.

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

Gates has pleaded not guilty to eight criminal charges, including money laundering.

Due to its anonymity and untraceabilitiy, it is used for criminal activities such as laundering money, buying and selling illegal goods and services and transferring money to support criminal or terror activities.

«We have simply noted in conversation with Mr. de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity, which is a standard practice for, say, pawnshops.

However, the crypto industry is growing stronger than ever and despite the old stigma that bitcoin is only used by cyber criminals and for money laundering, the industry is still booming in the country.

«We have simply noted in conversation with Mr de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity.»

To combat the activities of Mexican, Central American, and South American transnational criminal organizations — including illicit finance and money laundering activities and the flow of illegal drugs — the FBI works side - by - side with its numerous domestic and international partners to infiltrate, disrupt, and dismantle these groups by targeting their leadership and using sensitive investigative and intelligence techniques in long - term, proactive investigations.

Middle Eastern transnational criminal organizations typically engage in automobile theft, financial fraud, money laundering, interstate transportation of stolen property, smuggling, drug trafficking, document fraud, health care fraud, identity fraud, cigarette smuggling, trademark counterfeiting and sales of counterfeit goods, and the theft and redistribution of infant formula.

New rules aimed at preventing the use of the growing crypto - sector for money laundering, tax evasion and other criminal acts.

Criminal organizations are increasingly using cryptocurrencies to launder money or otherwise pay for illicit activities, according to one U.S. Immigration and Customs Enforcement agent.

Certainly some of that cash is criminal in origin: a recent Globe and Mail report detailed how money from Chinese fentanyl dealers is laundered through Vancouver casinos and real estate.

Prior to the meetings scheduled for today and tomorrow, vice president of Germany's Bundesbank, Claudia Buch, stated that «the role of crypto tokens in money laundering and criminal activity must also be closely examined,» but also that she doesn't «see a threat for financial stability at the moment as the speculations are generally not financed with loans and the relevant markets are rather small.»

It is commonly associated with criminal activity such as drug dealing, cyber crime and money laundering, since it can be near - impossible to tie a bitcoin wallet to any one individual.

There are many opinions that arise regard cryptocurrencies, while a group of people consider that they are just a bubble, or a way for criminals to launder their money, that is simply a bet that has no value or guarantee whatsoever, there is another group of people who see cryptocurrencies in another way and they are convinced that these are the solution to many of the problems that exist today.

There are many opinions that arise regard cryptocurrencies, while a group of people consider that they are just a bubble, or a way for criminals to launder their money, that is simply a bet...

AUSTRAC will up the ante in its case against the Commonwealth Bank of Australia, with the transactions regulator expecting to file fresh allegations on Thursday that it breached the law 100 additional times while facilitating banking by criminal syndicates involved in money laundering and terrorist financing.

Or you have a cryptocurrency that actually is banked by money, and doesn't allow criminal activity, but that's been tried before; it was called Liberty Reserve, and it was shut down for money laundering in 2013 by the US government.

While the world has been busy criticizing Russia for the way it is hosting the 2014 Sochi Winter Olympics, its government is busy cracking down on virtual currencies that allegedly can be used for criminal activities such as money laundering and terrorism.

First is that the criminal used an online game to launder his stolen money into bitcoins.

A federal grand jury from the District of Columbia has indicted Firoz Patel, age 43, and his brother, Ferhan Patel, age 37, on multiple charges of using their payment processing company, Payza, to launder money from various criminal enterprises.

The incredibly small percentage of crypto - utilized money - laundering cases seems to undermine the argument that digital currencies are tools for criminals looking to wash their money, though it could admittedly suggest many criminal cryptocurrency transactions go unnoticed.

BRUSSELS (AP)-- A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian...

Finding evidence that the Roma enjoyed expensive luxuries and had used modern criminal techniques, like tossing cell phones away after using them, the prosecutor said: «Someone in the Middle Ages would not be able to launder money amassed by children.

«We also face significant challenges with foreign national offenders and organised crime including drugs, money laundering, fraud, criminal finances, intellectual property, immigration and cyber crime.»

He explained that the bill would «make comprehensive provisions to prohibit the laundering of criminal activities, expand the scope of money laundering, and provide protection for employees of various institutions, bodies and professions who may discover money laundering».

The Panama Papers revelations have triggered a multitude of probes around the world as authorities look for evidence people named in them might have committed tax fraud, money laundering or other criminal acts.

ABUJA — PRESIDENT Muhammadu Buhari, yesterday, sent his first two executive bills to the Senate, seeking to prohibit money laundering and criminal activities in the country.

The Swiss prosecutors» office announced it conducted the raids on Friday «as part of the criminal proceedings being conducted against persons unknown on suspicion of money laundering».

Osborne sent a letter in 2012 to Ben Bernanke, the chairman of the U.S. Federal Reserve, in an attempt to help HSBC's leadership avoid criminal charges over the bank's involvement in laundering drug money and in channelling money to countries under economic sanctions.

The President is by all noble means setting a cardinal dais, diminishing the sturdy hold that corruption has on some major facets; features like money laundering represent in bold relief one of the major ways corruption criminals utilizes to loot the country's commonwealth.»

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).

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.

«As such,» (a) requirement that the government trace each dollar of the transaction to the criminal, as opposed to the non ‐ criminal activity, would allow individuals effectively to defeat prosecution for money laundering by simply commingling legitimate funds with criminal proceeds.»»

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;

«That you, Olisa Metuh and Destra Investments Limited on or about the 24th November, 2014 in Abuja, did retain the sum of N400m on behalf of the Peoples Democratic Party of its campaign activities by concealing the said sum in your account with Diamond Bank Plc, when you reasonably ought to have known that such fund formed part of the proceeds of an unlawful activity of Col. Sambo Dasuki (Rtd), the then National Security Adviser, (to wit: criminal breach of trust and corruption), and you thereby committed an offence contrary to Section 17 (a) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 17 (b) of the same Act.