Sentences with phrase «for illicit payments»

Despite the continued diversification of cryptocurrencies used for illicit payments, the researchers expect Bitcoin will «remain one of the main payment instruments, albeit with a significantly smaller market share.»

«Top aides arrested, signature initiatives plagued by corruption, widening scandals at every turn,» the Republican committee said in a release on its website, which made reference to «ziti,» a code used for illicit payments according to the 2016 criminal charges.

Not exact matches

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

«In or around» August 2017, a player's guardian informed CC - 3 that the guardian «had received illicit payments in return for a commitment to steer the student - athlete to a university sponsored by a rival athletic company.»

Kruger, Boyland and the others were charged by the U.S. Attorney's Office last month in a bribery scheme that involved allegedly accepting illicit payments in exchange for favors.

A federal jury found Joe Percoco, Gov. Andrew Cuomo's former top aide, guilty in March 2018 of taking more than $ 300,000 in illicit payments in exchange for official favors doled out to COR Development in

A federal jury found Joe Percoco, Gov. Andrew Cuomo's former top aide, guilty in March 2018 of taking more than $ 300,000 in illicit payments in exchange for official favors doled out to COR Development in Syracuse and Competitive Power Ventures, which has been developing a controversial gas - fired power plant in Orange County.

At Mr. Silver's trial, prosecutors said that he had obtained the illicit payments in return for official actions in two schemes.

Mr. Silver was convicted on charges that he had obtained nearly $ 4 million in illicit payments in return for taking a series of official actions that benefited others.

Coffey also suggested that Howe and Percoco's use of «ziti» as a euphemism for the allegedly illicit payments — a term that Percoco picked up from the HBO crime drama «The Sopranos,» according to Howe — could have referred to the campaign contributions the men sought to benefit Cuomo's re-election efforts.

Silver, charged with five federal counts of theft of honest services, mail fraud, wire fraud, and extortion for improperly using his public position to obtain nearly $ 4 million in illicit payments, and Skelos, charged with six federal counts of conspiracy, extortion, wire fraud, and soliciting bribes in connection with exploiting his public position in order to secure a lucrative no - show job for his son, have both declared their innocence, with Silver's legal team attempting to paint its client's dealing as par for the course in Albany.

He was convicted of a felony for taking the illicit payments in return for taking a series of official actions that benefited others.

So for every negative story about Bitcoin being used to fund illicit trade on the dark web, there is a small businessperson in a developing market that has had their life transformed positively by mobile payments.

Implications for Companies around the World The FCPA has three broad implications for US companies as well as any other public company listed on the NYSE: - Its anti-bribery provisions outlaw the making of illicit payments to foreign officials for commercial benefit.

News Despite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many.