Sentences with phrase «for potential money laundering»

This was followed by on - site inspections at the three bitcoin exchanges to investigate for potential money laundering, market manipulation and unauthorized financing.

For his part, Steve Bannon speculated at length to journalist Michael Wolff that Mueller could target Kushner Companies for potential money laundering.

Not exact matches

IMF Managing Director Christine Lagarde highlighted cryptocurrency's potential as a vehicle for money laundering and the financing of terrorism.

For instance, the RBI issued a vague warning last week that Bitcoin usage is unsafe due to potential money laundering and cyber security risks.

Fed Chairwoman Janet Yellen has also voiced concerns about the potential for money laundering, while the bank has remained muted about the possibility of issuing its own «Fedcoin».

The practice's recent representations include: (i) CONMEBOL in connection with U.S. criminal investigations and prosecutions into allegations of bribery and corruption in the international soccer world; (ii) the Special Committee of Banco BTG Pactual S.A. («BTG Pactual») in an internal investigation of alleged corruption involving its former CEO and other bank executives, in which we found no basis to support the allegations against the Bank and its employees; (iii) two of the largest construction companies in Brazil in potential civil and criminal investigations and litigation involving the Petrobras bribery scandal (Lava Jato), the largest corruption scandal in Latin American history, involving allegations of over $ 2.5 billion in bribes and kickbacks; (iv) the Government of Brazil in a corruption matter involving former senior government officials and multiple jurisdictions; (v) the General Manager of one of the largest energy companies in Central America in connection with allegations of bribery in Guatemala; (vi) a Mexican high - ranking executive for Wal - Mart Stores, Inc. in connection with DOJ and SEC FCPA investigations against Wal - Mart; (vii) a large Argentinean oil company and its owner, one of Argentina's wealthiest individuals, in connection with high - profile DOJ and SEC investigations involving alleged FCPA violations to secure an extension of oil rights in an Argentinean oilfield; (viii) the United State's largest chemical and industrial products companies in an internal investigation of alleged corruption involving its Mexican subsidiary; (ix) the Rosenthal family, one of the most prominent families in Central America, in a number of related criminal matters; and (x) a senior executive of one of Venezuela's largest engineering companies in DOJ investigations into corruption and money laundering involving PdVSA.

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.

Back in October of last year, Taiwan central bank governor Perng Fai - nan supported regulating cryptocurrency, stating that Bitcoin trading should be added into Taiwan's notification system for money laundering prevention law in a potential move similar to Japan that would legitimize cryptocurrency in the country.

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

Cryptocurrencies are hard to monitor, making them a potential tool for money laundering.

Many traditional lenders have otherwise ben reluctant to work with cryptocurrencies due to their anonymity and potential for use in laundering money.

In a Tuesday blog post, IMF chief Christine Lagarde said cryptocurrencies have the potential to become the newest vehicle for money laundering and terrorist financing.

Other reasons investors could be feeling the FUD include a blog post from the IMF that called on government regulators to implement new rules around cryptocurrencies due to their potential as a «major new vehicle for money laundering and the financing of terrorism.»

For potential «tax - evasion» and money laundering activities under the guise of Bitcoin trading.

The authorities also cautioned investors on the intrinsic risk and the potential for money laundering and terrorist financing.

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

The U.S. Department of Treasury is ramping up its enforcement against the potential for money laundering and criminal financing through cryptocurrencies.

The issues for Bitcoin price began yesterday, as the heads of nine Bitcoin exchanges in China were met with by PBoC regulators over issues related to money laundering and other potential issues.

Government concern over cryptocurrencies has largely centred around the potential for money laundering, terrorism - financing and tax evasion.

• Provide project assistance for potential risk, fraud, and money laundering; handle incoming and outgoing banker and customer calls to negotiate lending decisions.

In a broad show of support for increased scrutiny of foreign real estate buyers in the United States, 17 nonprofit organizations on Tuesday urged the Treasury Department to require that the real estate industry verify the identities of buyers and screen them for potential money - laundering risk.

«Vancouver real estate is obviously at very high risk for being used as a transfer and holding vehicle for laundered money,» said Zitting, adding that the results of FINTRAC's compliance review «really is quite scary, both for the stability of the housing market and the potential to support and propagate issues of organized crime.»