Sentences with phrase «facilitates illegal use»
Not exact matches
It has gained traction with merchants selling legitimate products but also has been used to facilitate illegal transactions because money can be transferred anonymously.
http://bitcoinist.com/
The FBI has arrested the CEO of the Canadian smartphone service Phantom Secure on charges that he and four other suspects ran an encrypted telecommunications service used by more than 20,000 customers to facilitate illegal activities, including international shipments of cocaine and other drugs.
If someone comes to a lawyer and insists the lawyer facilitates something illegal or unethical, despite the lawyer using everything in his or her arsenal to explain, it is the lawyer's obligation to sack the client.
Our platform could be used to facilitate illegal or dishonest activities and behavior.
Jacobson was alleged to have used his Tel Aviv - based credit card processing company to facilitate $ 126 million in illegal online pharmaceutical sales to U.S. customers.
Offshore tax havens can be used in legal ways, but most of the data leaked points towards illegal structures that hide the true owners of recorded money, where it's from and facilitate the evasion of tax on national shores.
«Its not hard to imagine how these books could be used to launder money using stolen credit cards or facilitating transactions for illicit materials or funding of illegal activities,» Reames told Krebs.
This identity confirmation is designed to prevent money laundering and other illegal activity that could be facilitated by the use of cryptocurrency.
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.
The FBI has arrested the CEO of the Canadian smartphone service Phantom Secure on charges that he and four other suspects ran an encrypted telecommunications service used by more than 20,000 customers to facilitate illegal activities, including international shipments of cocaine and other drugs.
China state news agency Xinhua recently issued a statement denouncing cryptocurrency, labeling it a tool used by members of criminal organizations to facilitate illegal activities.
INHOPE - The Internet Hotline Providers in Europe Association facilitates the work of European hotlines in responding to illegal use and content on the internet.