Sentences with phrase «for money laundering»

As such, the financial watchdog is concerned that the platform could be used for money laundering activities.

But this decentralized nature makes them dangerous, she said, as potential major, new vehicles for money laundering and the financing of terrorism.

They often report bitcoin as a tool for money laundering and speculation.

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

An increasing number of member nations have been calling for the international forum to address the use of cryptocurrency for money laundering.

He was later sentenced to three years in a French prison for money laundering and tax fraud.

Any prosecution for money laundering necessarily involves the establishment of a crime.

A number of news outlets over the last few days reported that two consulting firms linked to the senate majority leader are being investigated for money laundering and tax fraud.

You may as well blame taxpayers as a group for the money laundering activities of the greedy.

But as for the money laundering issue, he was arrested for having on him five hundred thousand pounds sterling.

Our team in this practice area has experience representing a wide variety of businesses involved in government investigations for money laundering, insider trading and more.

What is clear, however, is that the dishonest assistance test is different from the threshold for money laundering reporting.

He added that «cryptocurrency exchanges that are in danger of being exploited for money laundering will be thrown out of the market».

As a result, the agency believes that they are becoming the ideal coins for money laundering.

In the process he used frog farms for money laundering.

The report also stated that cryptocurrencies may be used for criminal activities, in particular for money laundering and terrorism financing.

The authorities warned that digital currencies were vulnerable to bubbles and susceptible for money laundering and terrorism financing.

The official stressed the fact that the «loophole» for money laundering still exists because some governments are enforcing weaker regulations than the others.

The motion judge determined that there was insufficient evidence to demonstrate that the underground currency exchange was illegal or commonly used for money laundering.

The regulations will also prevent the abuse of cryptocurrencies from criminals using it as a tool for money laundering.

Wu explains the recent inspections were needed, so bitcoin is not a tool used for money laundering purposes.

In Texas, he is under indictment for money laundering in relation to the funneling of corporate dollars to state legislative elections in 2002.

«Bitcoin just shows you how much demand for money laundering there is in the world,» the head of the largest asset management firm in the world said Friday.

«Bitcoin just shows you how much demand for money laundering there is in the world,» Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting.

Applicants are sometimes cleared in less than a month and the critics say the government is essentially selling visas to wealthy foreigners with no proven skills, paving the way for money laundering and compromising national security.

«Specifically, for users to make virtual currency transactions more than 10 million won per day or more than 20 million won for 7 days when depositing and withdrawing funds, this is the type of financial transaction you suspect for money laundering.»

FOX Business pointed out that Saudi Prince Alwaleed predicted that bitcoin would implode, but neglected to mention that the bitcoin - bashing Prince was arrested for money laundering earlier this month.

Politically exposed persons (PEPs) are more high risk for money laundering worldwide and as a result, banks must conduct enhanced due diligence with those clients, including ascertaining the leg

This digital - currency trading platform provided an online black market for money laundering of illegal drugs, weapons and human trafficking and other nefarious offerings.

(In his October indictment for money laundering, Mueller described Gates as Manafort's «right - hand man.»)

To address regulatory challenges, Cofound.it, together with blockchain legal specialist Nejc Novak, founder of law firm Novak Rutar, has spent the past five months working intensively with a diverse range of stakeholders, including the Cabinet of the Prime Minister, the Securities Agency, the Financial Administration, the Office for Money Laundering Prevention, the Central Bank, the Ministry of Public Administration and the Ministry of Finance, to clarify a number of key legal uncertainties.

To address regulatory challenges, Cofound.it, together with blockchain legal specialist Nejc Novak, founder of law firm Novak Rutar, has spent the past five months working intensively with a diverse range of stakeholders, including the Cabinet of the Prime Minister, the Securities Agency, the Financial Administration, the Office for Money Laundering Prevention, the Central Bank, the Ministry of Public Administration and the Ministry of Finance, to clarify a number of key legal uncertainties.

Since 2009, governments have been pointing fingers at Bitcoin and other digital currencies as a conduit for money laundering and fraudulent activities.

The DEA report pointed out that China has become an important hub for money laundering schemes.

Sambo Dasuki, former national security adviser (NSA), Wednesday failed to appear at the federal high court, Abuja, where his trial for money laundering and illegal possession of firearms was scheduled to go on.

The Economic and Financial Crimes Commission, EFCC, has arraigned a former governor of Adamawa State, Murtala Nyako, his son, Abdulaziz, and others before Justice Evoh Chukwu of the Federal High Court, Abuja for money laundering charges.

Beside standard Swift (which may be registered and checked for money laundering) there are the money transfer companies (Western Union) and the electronic currencies like bitcoin.

According to Fintrac, there have been 400 charges and 140 convictions for money laundering laid under the Criminal Code in the last five years.

In fact, this summer, «a finance ministry panel also reportedly recommended that virtual currencies should be banned in the country because of their potential misuse for money laundering and fraud,» he wrote.

Aside from helping put an end to Caribbean's reputation as a hub for money laundering, Greene said bitcoin will also be a boon to the country's iGaming sector.

Months after his release from prison for money laundering violations, entrepreneur Charlie Shrem has announced a new blockchain venture.

The bank - and other government agencies - believe that cryptocurrencies are «an ideal instrument for money laundering and tax evasion,» he said.

In the past BTC - e domain was seized by the law enforcement following the arrest of a Russian national and the levying of a $ 110 million fine for money laundering violations.

cryptocurrency agents and forex operators for money laundering and illegal trading charges.

In 2016, former South Korean President Park Geun - hye, who is currently in jail for money laundering and corruption charges, was impeached by the people of the country who strongly voiced out their opposition against the former president.