Sentences with phrase «financial intelligence unit»

«Korea Financial Intelligence Unit announced that financial companies are in the process of drawing up a guideline to prevent cryptocurrency - related money laundering, although any specific measures are yet to be confirmed,» said South Korea's Financial Services Commission.

The Acting Chairman, Economic and Financial Crimes Commission, Mr. Ibrahim Magu, on Wednesday announced that the Nigerian Financial Intelligence Unit under its supervision would get full autonomy on January 1, 2018.

«Korea Financial Intelligence Unit announced that financial companies are in the process of drawing up a guideline to prevent cryptocurrency - related money laundering, although any specific measures are yet to be confirmed,»

Usani said the Egmont Group of Financial Intelligence Units did not ask for the creation of the NFIU as a separate agency but only asked for a more autonomous NFIU.

The story dates back to 2014, when Otto de Voogd, a Dutch citizen and the owner of bitcoin trading platform BTC.ee, was insistently asked by Estonian officials (namely the Estonian Financial Intelligence Unit of the Estonian Police and Border Guard Board) to provide information on all BTC.ee clients.

nTrust is licensed, registered with and regulated by FINTRAC, Canada's independent financial intelligence unit.

Just yesterday, the South Korean Financial Intelligence Unit and Financial supervisory service said they would jointly inspect the bank accounts of cryptocurrency exchanges in the country.

The event was attended by more than 60 financial investigators from money laundering, cybercrime and financial intelligence units from 32 different countries, together with experts in asset recovery and relevant private sector representatives.

Parliament's move comes after the Egmont Group, a body of 155 Financial Intelligence Units across the world, threatened to...

«To combat the risks related to the anonymity, national Financial Intelligence Units (FIUs) should be able to associate virtual currency addresses to the identity of the owner of virtual currencies.»

Otto de Voogd, the site's operator, told ERR News that he had received e-mails in which the Estonian Financial Intelligence Unit requested, under the Money Laundering and Terrorist Financing Prevention Act, «copies of IDs of clients, internal measures or procedure of due diligence,» and evidence btc.ee was registered as a trader of currencies.

Other members of the sanctions committee are the Director General of the National Intelligence Agency, NIA, Ahmed Rufai, and the DG, Nigeria Financial Intelligence Unit, NFIU.

«The main requirements are for due diligence (and enhanced due diligence in higher - risk matters) before acting in the transaction and to report suspicious activity, via a money - laundering reporting officer, to the U.K. Financial Intelligence Unit before proceeding with the transaction.

The «consent» defence protects the «reporter» from committing a money laundering offence provided they first gain consent from the UK Financial Intelligence Unit to conduct an activity that they fear may be suspicious.

«Transnational crime is worth up to # 1.5 trillion a year, with the value of global TBML being estimated at hundreds of billions,» according to Romila Chowdhury, Global Strategic Intelligence Lead, Barclays Financial Intelligence Unit.

The Estonian Financial Intelligence Unit on Friday stopped its investigation of a Bitcoin trader in the Northern Baltic European nation.

Right now, the main enforcement against Bitcoin users comes from the Bangladesh Financial Intelligence Unit (BFIU).

«Korea Financial Intelligence Unit announced that financial companies are in the process of drawing up a guideline to prevent cryptocurrency - related money laundering, although any specific measures are yet to be confirmed.»

The high point of his arrest however boiled down to Okonkwo's failure to report the matter to the Nigerian Financial Intelligence Unit, NFIU, as required by the law.

«Korea Financial Intelligence Unit announced that financial companies are in the process of drawing up a guideline to prevent cryptocurrency - related money laundering, although any specific measures are yet to be confirmed,» said South Korea's Financial Services Commission.

nTrust is licensed, registered with and regulated by FINTRAC, Canada's independent financial intelligence unit.

The nation's top financial regulator briefed media about the bank inspection that will run through Thursday with the participation of the Korean Financial Intelligence Unit.

ABUJA, March 7 - Nigeria's parliament passed legislation on Wednesday meant to help authorities tackle money laundering and funding for terrorism by allowing its financial intelligence unit to operate free of state control.

A prosecutor with the Seoul office related that the «firms turned up on our radar in January during our investigation of suspicious money transfers between Bitcoin exchanges that were detected during an audit by the Financial Services Commission and the Korea Financial Intelligence Unit.»

The FSC said in the release that the new rule is resulted from an inspection of domestic anonymous crypto trading accounts — assisted by six domestic banks, as well as the Financial Intelligence Unit — from Jan. 8 — 16.

A prosecutor was quoted saying: «The firms turned up on our radar in January during our investigation of suspicious money transfers between Bitcoin exchanges that were detected during an audit by the Financial Services Commission and the Korea Financial Intelligence Unit.»

Former U.S. Secret Service Agent Michael Musgrave, who is now Senior Vice President and Director of the Financial Intelligence Unit for Rabobank, will discuss winery vulnerability to online crime, and -LSB-...]

Also speaking, the Director of the Nigerian Financial Intelligence Unit, Mr. Francis Usani, disagreed with the move by the National Assembly to make the NFIU a completely independent agency.

This followed an ex-parte application to the court by the Financial Intelligence Unit.

President of the Senate, Dr. Abubakar Bukola Saraki, on Wednesday said the prompt passage of the Nigerian Financial Intelligence Unit (NFIU) Bill by the National Assembly will not only facilitate the country's readmission into the EGMONT Group rather than being expelled.

He was however accused by the commission for failing to report the matter to the Nigerian Financial Intelligence Unit, NFIU, as required by the law.

The FSS's investigation of potential violations is typically triggered by (i) anonymous reports made to the FSS, (ii) reference from the KRX, (iii) request of investigation made by the Korea Financial Intelligence Unit (FIU) or the prosecutor, or (iv) through its own course of market monitoring.

In other words, the country's Financial Services Commission (FSC), Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (KoFIU) want to make sure that cryptocurrency investment and trading comes under the umbrella of traditional financial structures, rather than remaining on a decentralized, anonymized platform which prompted the growth of Bitcoin.

The FSC said in the release that the new rule is resulted from an inspection of domestic anonymous crypto trading accounts - assisted by six domestic banks, as well as the Financial Intelligence Unit - from Jan. 8 - 16.

Those with virtual currency accounts created by banks after their real name has been checked will be allowed to trade, the Financial Services Commission (FSC), the nation's finance watchdog, and Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (KoFIU) announced.

Meanwhile, the Korea Financial Intelligence Unit and the Financial Supervisory Service is investigating six South Korean banks that offer accounts to cryptocurrency exchanges.

Financial institutions in India are mandated to disclose such suspicious transactions to the Financial Intelligence Unit.

Loeger outlined several measures the government plans to implement, including requiring cryptocurrency market participants to identify all trading parties and to disclose trades of $ 10,000 ($ 12,300) or more to the government's financial intelligence unit.

The country's Financial Intelligence Unit and the Financial Supervisory Service (FSS) will oversee the rollout of the new regulations, including by inspecting exchanges and banks to ensure institutions are complying with the rules.

However, one of the notices, from the bank's Financial Intelligence Unit, clarified that businesses dealing in the exchange of digital and fiat currencies are not required to comply with anti-money laundering rules.

The report followed a statement made by the Financial Supervisory Service (FSS) and Financial Intelligence Unit of the country which outlined how six banks were being inspected by both the bodies for ensuring compliance with the freshly implemented regulations in the field of anti-money laundering.

According to a report from Yonhap, the Financial Intelligence Unit and...

Earlier this month, Korea's Financial Intelligence Unit (KoFIU) and Financial Supervisory Service (FSS) began carrying out joint inspections on six commercial banks offering trading accounts to cryptocurrency exchanges.

South Korea Asks Banks to Report «Suspicious» Cryptocurrency Transactions The South Korean government has authorized its Financial Intelligence Unit (FIU) to impose new restrictions on cryptocurrency investment, in a bid to wipe out crytpocurrency - funded money laundering and drug trafficking.

According to a report from Yonhap, the Financial Intelligence Unit and Financial Services Commission (FSC) will launch the inspection starting next month at banks offering corporate accounts to cryptocurrency exchanges.

For example, if a user makes deposits or withdrawals of more than KRW10 million (US$ 9,300) per day or KRW20 million (US$ 18,600) per week, these actions would be considered suspicious and must be reported to the Korea Financial Intelligence Unit (KoFIU).

Last week, South Korea's Financial Intelligence Unit (KoFIU) and Financial Supervisory Service (FSS) began carrying out joint inspections on six commercial banks offering trading accounts to cryptocurrency exchanges.