Sentences with phrase «form of money laundering»

On the heels of Senator Chuck Schumer's (D - NY) statement in 2011 that Bitcoin is an «online form of money laundering,» members of the US Senate Homeland Security and Government Affairs Committee would like to clarify the purposes for and utility of Bitcoin through issuing a report on digital currency.

A known recruiting scam, claiming to represent companies, invites people to apply for a «job» that turns out to actually be a form of money laundering.

This is effectively a form of money laundering.

You and both the recipient do need to input their SSN's though, probably to track any forms of money laundering.

POCA criminalises all forms of money laundering, and also creates offences concerning failure to report suspicion of money laundering.

The Islamic Monarchy of Saudi Arabia has not had much dealings with cryptocurrencies that have made the mainstream media, but their general approach to such corruption and forms of money laundering are strict and no doubt Bitcoin would be viewed with suspicion.

Not exact matches

WASHINGTON (AP)-- The Justice Department is forming a team of prosecutors to investigate drug trafficking and money laundering linked to Iranian - backed Hezbollah militant movement, Attorney General Jeff Sessions said Thursday.

The panel was formed by APRA in the wake of allegations by AUSTRAC that it had breached money laundering reporting obligations by failing to prevent potential money laundering and terrorism financing.

BRUSSELS (AP)-- A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian...

One of the counts reads: «That you, Mrs. Diezani Allison Madueke (still at large) and Tijani Inda Bashir on or about the 27th day of March, 2015 in Nigeria within the jurisdiction of this Honourable Court directly took possession of the sum of N264, 880,000.00 (Two Hundred and Sixty - four Million, Eight Hundred and Eighty Thousand Naira) which sum you reasonably ought to have known forms part of the proceeds of an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition)(Amendment) Act, 2012 and punishable under Section 15 (3) of the same Act.»

It formed the centre - piece of proceedings that also included debate around protection for journalists, the Facebook Cambridge Analytica scandal, money laundering and other topics.

«That you, Olisa Metuh and Destra Investments Limited on or about the 24th November, 2014 in Abuja, did retain the sum of N400m on behalf of the Peoples Democratic Party of its campaign activities by concealing the said sum in your account with Diamond Bank Plc, when you reasonably ought to have known that such fund formed part of the proceeds of an unlawful activity of Col. Sambo Dasuki (Rtd), the then National Security Adviser, (to wit: criminal breach of trust and corruption), and you thereby committed an offence contrary to Section 17 (a) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 17 (b) of the same Act.

Account No. 0040437573 from the account of the Office of the National Security Adviser with the Central Bank of Nigeria without contract award, when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then NSA (To wit: criminal breach of trust and corruption) and thereby committed an offence contrary to section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011, as amended in 2012 and punishable under section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investment Limited on or about the 24th November, 2014 in Abuja converted the sum of N400m paid into the account of Destra Investment Limited with Diamond Bank Plc, Account No: 0040437573 from the account of the office of the National Security Adviser with the Central Bank of Nigeria without contract award when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then National Security Adviser (To Wit: criminal breach of trust and corruption) and thereby committed an offence contrary to Section 15 (2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15 (3) of the same Act.

One of the counts reads: «That you Air Chief Marshal Alex S Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and IYALIKAM NIGERIA LIMITED between 28th March and 5th December, 2013 in Abuja within the jurisdiction of this Court, did use an aggregate sum of N878, 362,732.94 (Eight Hundred and Seventy - Eight Million, Three Hundred and Sixty Two Thousand, Seven Hundred and Thirty - Two Naira, Ninety - Four kobo) removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself, when you reasonably ought to have known that the said funds formed part of the proceed of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S Badeh and you thereby committed an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act»

Prior to joining the Attorney General's Office, Ms. Biben served as an Assistant District Attorney in the New York County District Attorney's Office for more than 10 years, the last five years as Deputy Bureau Chief of the Rackets Bureau where she investigated and prosecuted organized crime, money laundering, tax evasion, public corruption and other forms of racketeering.

The anti-graft agency claimed that they ought to have «reasonably known that the money formed part of proceeds of an unlawful act,» adding that they handled it without going through a financial institution in violation of the Money Laundering (Prohibition)money formed part of proceeds of an unlawful act,» adding that they handled it without going through a financial institution in violation of the Money Laundering (Prohibition)Money Laundering (Prohibition) Act.

BSE has also referenced to Prevention of Money Laundering (Maintenance of Records) Rules, 2005, which was amended on June 1st, 2017 to make provision of Aadhaar as a form of eKYC for stock trading.

- The person is committing some form of fraud, money laundering, or worse, and is directly trying to defraud you in order to keep their hands clean.

Gavin's pussycat: This is one of the mechanisms of «meme - laundering», somewhat akin to the general form of money - laundering.

White collar crime is a generic term for crimes involving antitrust violations, computer / internet fraud, credit card fraud, phone / telemarketing fraud, bankruptcy fraud, health care fraud, environmental law violations, insurance fraud, mail fraud, government fraud, tax evasion, financial fraud, securities fraud, insider trading, bribery, kickbacks, counterfeiting, public corruption, money laundering, embezzlement, economic espionage, and trade secret theft, and other forms of dishonest business schemes.

In that context, failing to answer truthfully is basically a form of U.S. tax law evasion as well as money laundering per US law, and not answering truthfully is a serious felony offense.

And I know that regulators in each of the Law Societies are spending a great deal of time and effort trying to shape them into a form that is workable and also meets the needs of the Federal Government with regard to addressing money laundering.

Early in his tenure, he formed the Terrorism and International Narcotics Unit, which has continued the office's long history of prosecuting leaders and associates of global and domestic terrorists, narco - terrorists, cartels, and money - laundering organizations.

Last month, the UK enacted a new legislation in the form of regulations («the Money Laundering, Terrorist Financing and Transfer of funds Regulations 2917 «MLR2017») whereby trustees, whether they be UK or foreign, will have to register and report on their trusts to the UK authorities where there is an exposure to UK tax.

«Suspicion» in the Proceeds of Crime Act 2002, s 330 has been interpreted to mean that a bank will be required to make a disclosure wherever it, subjectively, forms a settled view that there is a more than fanciful possibility that the relevant facts which give rise to the suspicion of money laundering exist (see K Ltd v National Westminster Bank plc (Revenue and Cutoms Prosecution Office and Serious Crime Agency intervening)[2006] EWCA Civ 1039, [2006] All ER (D) 269 (Jul)-RRB-.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN / Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

Miami - Dade Circuit Judge Teresa Pooler has dismissed a money - laundering case involving an alleged «illegal sale» of bitcoins, after declaring that under the laws of the state, the digital currency is not considered to be a form of...

As per PTI reports, RBI associates risks of money laundering with the virtual currency forms which are extremely susceptible to misuse by fraudsters and terrorists.

The report tries to inform people about the risks involved from using Cryptocurrency exchanges as a form of payment and why money laundering is always a possibility when it comes to such transactions taking place.