Sentences with phrase «facilitate drug money»

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.

At the same time as a result of sloppy execution some of these banks are guilty themselves of facilitating drug money laundering activities and as a result have paid billion dollar settlement fines.

Not exact matches

The liberalisation of the movement of capital since 1974 has greatly facilitated the recycling of «dirty money» - from the sale of drugs and arms through to that generated by white collar criminality - in legalised tax havens and, thanks to banking secrecy, through the financial and industrial organisations otherwise respected in countries «of excellence» reputed for their professionalism and democratic institutions.

So things like drug sales - and there is growing evidence towards these cryptocurrencies facilitating money laundering.

The obligatory reporting of transactions suspected to be part of money laundering and drug trafficking was also made part of the legislation in an effort to crack down on use of cryptocurrency as a medium to facilitate illegal financial activities.