Sentences with phrase «from money laundering activity»

These guidelines, as well as additional resources on how to real estate professionals can help protect the real estate market from money laundering activity are available on nar.realtor.

The company is doing its best to remain secure and free from money laundering activities.

Not exact matches

COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia, following reports this year of money flows from family members of Russian President Vladimir Putin.

There you have it — three completely independent sources from credible authorities have unanimously disclosed that cryptocurrencies are far from posing any measurable risk related to money laundering, finance terrorism, or other illicit activities of the kind.

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»

Street Capital collects personal information from you, from your interactions with us and from other sources in order to make credit decisions about potential customers, to confirm identity and to prevent fraud, money laundering and other criminal activity, to understand customer needs, to determine suitability or eligibility of products and services, comply with applicable laws, collect on outstanding debt as well as to administer or service our products and services.

Money laundering occurs when funds from an unlawful activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.

«These teams receive intelligence from law enforcement, banks and other regulators, as well as reports from those we regulate about activity that might give rise to money - laundering and terrorist - financing concerns and the effectiveness of practice within firms.

But the banks thought his activity was still suspicious, so they reported him and the IRS opened an investigation under the assumption that Spitzer was trying to launder money he had obtained from bribes.

To guard against attempts by unscrupulous clients to dupe legal professionals into laundering money or unwittingly financing terrorist activities, the Federation introduced a model No Cash Rule to limit the amount of cash lawyers and notaries may accept from their clients.

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.

The FCA's enforcement activity ranges from pursuing allegations of criminal conduct such as insider dealing, misleading statements, breaches of the general prohibition and money laundering, to regulatory breaches of the FCA's Principles for Businesses and Approved Persons, as well as proceedings for market abuse.

On a societal level, money laundering is the fuel that feeds the drug trade and assists terrorist activities, as well as allowing criminals who commit inhumane practices such as human trafficking and modern slavery to profit from their crimes.

Money - laundering is also a cash business, a way of hiding profits from illegal activities.

Basically, Poloniex is positioning itself to comply with regulations and ensure that its platform is free from money laundering and other criminal activities.

India's tough stance stems from similar concerns that other, more stringent regulatory regimes have cited: money laundering, illegal activity proliferation, sponsorship of terrorism, tax evasion, etc..

As reported by CoinDesk, the FSC announced in January that, from the end of the month, banks would no longer be allowed to service virtual accounts for investors at cryptocurrency exchanges, an effort that sought to prevent anonymous cryptocurrency transactions from being used in money - laundering activities.

Shamo, along with other dark web operators Drew Wilson Crandall, Mario Anthony Noble, and Sean Michael Gygi, was found guilty on May 31, 2017 of conspiracy to distribute a controlled substance, aiding the importation of a controlled substance, intentional adulteration of drugs, use of the US mail in drug trafficking, conspiracy to commit money laundering, and engaging in monetary transaction in property derived from specified unlawful activity.

Aside from the instability of cryptocurrency prices, regulators are worrying about criminals who are increasingly using cryptocurrencies for activities (trading away from official channels) like fraud and manipulation, tax evasion, hacking, money laundering and funding for terrorist activities.

Rogoff claims that apart from money laundering and other criminal activities, Bitcoin isn't that useful as many advocates claim it to be.

The implementation of this new account system effectively ends «the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering and other illegal activities,» Yonhap reported.

CryptoUK will work with the UK on issues like preventing Bitcoin (BTC) and cryptocurrencies from being used in money laundering and other illegal activities, but will not deal with ICO regulation.

While real estate professionals do not have money laundering reporting responsibilities, real estate professionals can still be at risk from the activities.