Sentences with phrase «fears of money laundering»

That framework would help move towards greater transparency of cryptocurrency exchange operations, as well as assuage government fears of money laundering, tax evasion, and other similar issues.

Fear of money laundering was one of the reasons given for the ban, however, in typical fashion, no hard facts were presented to back up the claims.

Not exact matches

Amidst growing fear of Bitcoin and other digital currencies being used for illegal purposes, such as money laundering, the Europol has recently set up a group meant to combat the process with the help of bitcoin.

Canadian lawyers admit they are in fear of «the possibility of a renewed effort by the federal government to extend the PCMLTFA (Proceeds of Crime — Money Laundering — and Terrorist Financing Act) to members of the legal profession.»

However, they don't fear it because of the potential for money laundering, terrorist financing, or harm to unsuspecting consumers.

The main reason behind the same is increasing fear of regulators regarding the fact that such digital tokens are used to launder money and facilitate financial crimes.

The bank account of regulated bitcoin fund manager Global Advisors is being terminated by HSBC due to money - laundering fears.

A meeting with HSBC personnel at the firm's office in Jersey revealed that the bank feared Global Advisors» account was at risk of potential money laundering.

Fearing capital flight and money laundering, the central bank has waded into the quagmire of unregulated exchanges operating in China.

It is no news that governments fear the use of cryptocurrencies for illegal purposes, including black market purchases and money laundering.

With fears of money - laundering in real estate deals growing, home buyers who bring any cash to closing could make real estate professionals suspicious and prompt them to file a Suspicious Activity Report with the U.S. Treasury Department's Financial Crimes Enforcement Network or (FinCEN).