Sentences with phrase «employees laundering money»

After a slow and grudging response to the initial revelations, Cameron finally published six years of personal tax returns at the weekend, and for good measure Monday promised new legislation to make companies criminally liable if they fail to stop their employees laundering money on clients» behalf.

Not exact matches

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».

Federal authorities have dismissed charges against six former employees of the website Rentboy.com, while continuing to move forward with a case against the chief executive on counts of money laundering and promoting prostitution.

Representing public and private companies in internal investigations regarding such issues as Office of Foreign Assets Control (OFAC) compliance, premature revenue recognition, federal contract fraud, money laundering, immigration and I - 9 compliance, and employee embezzlement and theft.

In addition, that the definition of «financial crime» in PIPEDA include: fraud; criminal activity and any predicate offence related to money laundering and terrorist financing; all criminal offences committed against financial service providers, their customers or their employees; the contravention of laws of foreign jurisdictions, including those relating to money laundering and terrorist financing.

Judge Beddoe sentenced two former HBoS employees to 11 years and four and a half years, their two accomplices who ran a consultancy for small businesses to 15 years and 10 years, and two others to three and a half years each for money laundering.

The existing «failure to disclose» offences under POCA remain in place under the new regime.4 These offences impose obligations on firms in the regulated sector («Regulated Firms»), their employees and their nominated officers (i.e. those nominated to receive internal reports such as the Money Laundering Reporting Officer «MLRO») to make an internal or external disclosure in certain circumstances.

The 2017 UK National Risk Assessment of Money Laundering and Terrorist Financing (NRA) highlighted the money laundering risks faced by legal firms, over 10,000 of which now have fewer than ten emploMoney Laundering and Terrorist Financing (NRA) highlighted the money laundering risks faced by legal firms, over 10,000 of which now have fewer than ten Laundering and Terrorist Financing (NRA) highlighted the money laundering risks faced by legal firms, over 10,000 of which now have fewer than ten emplomoney laundering risks faced by legal firms, over 10,000 of which now have fewer than ten laundering risks faced by legal firms, over 10,000 of which now have fewer than ten employees.

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.

Undesirable things occurred during the check - up process, such as money laundering through an unconfirmed virtual account or, in some cases, depositing customer money in the accounts of employees in the business,» Hong said in the video.

If the ransom is paid, the leader of the hacker group launders the money through cryptocurrency exchange platforms and pays his employees through a clean bitcoin wallet not associated with illegal activity.

Comprehensive background screening on prospective employees assist financial service companies by reducing exposure to embezzlement, accounting fraud, money laundering, terrorist financing, and other risks.

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

Every member of the brokerage, including sales reps, brokers and all employees should have read your company FINTRAC policy and taken the five modules on money laundering available through CREA.

Affiliated Business 3 % Cap on Fees and Points Broadband Access Copyright / Trademark Data Privacy and Security Electronic Signatures and Authorizations FCC Do Not Fax Rule Government Travel Rules Immigration Reform Money Laundering / Terrorism Financing Mortgage Assistance Relief Services (MARS) Rule Net Neutrality Patent Litigation Reform Real Estate Settlement Procedures Act (RESPA) RESPA Marketing Services Agreements (MSAs) SBA Loans Spam Email TRID (TILA - RESPA Integrated Disclosure) Telemarketing / Cold - calling Tort Reform - Class Action Visa — Investors Visa — Seasonal Workers Visa — Tourism and Retirement Worker Classification (independent contractor v. employee)