Sentences with phrase «fund illegal activities»

The senator said he is also in favor of legalizing sports betting to raise revenue, claiming organized crime takes in $ 300 billion a year through sports betting, which Avella said is used to fund their illegal activities.

One of the biggest worries is that cryptocurrencies can be used to fund illegal activities.

Sputnik: The head of the International Monetary Fund (IMF) has expressed some concerns that bitcoin is being used to fund illegal activity.

Not exact matches

«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds.»

«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds, cheating the public,» the note added.

Based on a report outlining the top cybercrime treats which the European Union faces, we can see how the cryptocurrency is used in illegal activities, alongside with how extortionists use bitcoin to seize funds from people.

According to recent reports, Intelligence Agencies in India have just issued an official report stating that virtual currencies such as Bitcoin can be used for the funding of illegal activities, by people who also move their funds through hawala transactions.

In fact, a recent myth that India was going to outright ban cryptocurrency stemmed from a call by India's Minister of Finance for action with regard to putting an end to illegal activities funded through cryptocurrency.

As with any other asset or medium of exchange, Bitcoins can be used to purchase illegal goods or fund illicit activities.

Cameron said he had hired Coulson into a publicly - funded job while in opposition «on the basis of undertakings I was given by him» that he was not involved in illegal activity.

«Because money is fungible, once funds obtained from illegal activity are combined with funds from lawful activity in a single account, the «dirty» and «clean» funds can not be distinguished from each other,» the decision states.

The simplest and most straight - forward way would be to make it illegal for any member of congress to participate in any fund - raising activities in any way shape or form until 60 days before their election.

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If applicants to The Pet Fund are discovered to be using animals for illegal fighting purposes, we will provide the information to law enforcement agencies and assist in whatever way we can in prosecution of these illegal activities.

In July 2014, the Animal Legal Defense Fund and three Pennsylvania residents filed a lawsuit against the Pennsylvania Department of Agriculture, alleging illegal expenditure of state tax dollars on unlawful regulatory activity.

Even if a portion of tax amnesty funds stem from one of the aforementioned illegal activities, the outcome would still be positive if it was invested in peat restoration or forest certification.

Funds invested into investment schemes involving digital tokens are prone to being misused for illegal activities due to the anonymity of transactions, and the ease with which large sums of monies may be raised in a short period of time.

Also to promote trading of Bitcoin on registered exchanges only and keeping a tab on illegal activities related to it such as Money laundering, Drug trafficking and Terror Funding.

In a statement, the Chinese central bank said that ICOs are «essentially a non-approved illegal open financing behavior, suspected of illegal sale Tokens, illegal securities issuance and illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»

The idea is to treat such currency in a manner similar to gold sold digitally, so that it can be traded on registered exchanges in a bid to «promote» a formal tax base, while keeping a tab on their use for illegal activities such as money laundering, terror funding and drug trafficking.

«Its not hard to imagine how these books could be used to launder money using stolen credit cards or facilitating transactions for illicit materials or funding of illegal activities,» Reames told Krebs.

This way, businesses can prove their funds weren't connected to any illegal activities.

«The safety of Londoners is TfL's top priority, and the changes to fees will help us fund additional compliance officers who do a crucial job cracking down on illegal and dangerous activity.

8th November 2016 marked an era of cash war which was a far - fetched plan of quelling illegal activities and cutting off fund flow directed at aiding terrorism.

BTC - e Operator Jailed On The Face Of Illegal Activity Accusations BTC - e has come under the glare lately for its involvement with financial crimes including money laundering which funded ransomware attacks and drug trafficking.

The government said it will have the exchanges transfer funds through investors» «real name accounts» that can verify the account holder's identity to prevent money laundering and other illegal activities.

If the trading account is frozen, the exchange can no longer continue its operations, otherwise it is easy to involve illegal fund - raising, money - laundering and other criminal activities.

In essence, it is a kind of non-approved illegal open fund raising behavior, suspected of illegal sale tokens, illegal securities issuance and illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»

Regulatory oversight has only increased in recent times with KYC / AML requirements increasing in an effort to combat illicit usage and terrorist funding, as well as involvement in other illegal activities.

International money transfer company Payza has been accused of wittingly transmitting funds that were derived from illegal activity by the United States Department of Justice (DOJ), a violation of criminal laws.

When one of the users pointed out that fiat currencies can also be used for illegal activities such as money laundering, tax evasion, terrorist funding, and drug purchases, Gates said that the necessity of a physical presence makes illicit activities and transfers more difficult:

Wilkins also spoke out against the use of cryptocurrencies as a source of funding for illegal activities.

All the funds stolen by Richo, however, are believed to be owned by darknet criminals, who could have utilized the money for illegal activities.

For example, the statutory body is worried that bitcoins and cryptocurrencies could be used by the corrupt to conduct illegal activities such as money laundering and terror funding.

Such «layering» can involve a transaction where funds raised through illegal activities are then converted into a bank draft, to pay for a property or mortgage.

730 DOS 02 DOS v. New World Realty of New York, Inc. — availing of license; deposits; disclosure of agency relationships; duty to supervise sales associates; failure to pay judgment; proper business practices; DOS has jurisdiction where disciplinary action was started while individual was licensed as an associate broker and was eligible to automatically renew at the time of the disciplinary hearing; salesperson owned voting stock in licensed corporate real estate broker, failed to pay judgment and failed to present evidence of inability to do so, and engaged in unlicensed activity after license expired; representative broker availed corporate real estate brokers license to salesperson; representative broker failed to properly supervise salesperson by permitting and authorizing salesperson to act as a real estate broker; broker and salesperson failed to make agency disclosures and failed to deposit funds of principal in a special bank account; real estate transaction conducted was a fraudulent business practice; DOS fails to prove the unauthorized practice of law; salesperson's license revoked and salesperson ordered to pay refund of $ 1,406.00 of illegal commission collected; representative broker's license revoked and broker ordered to refund $ 74.00 of illegal commission collected; representative broker fined $ 5,000.00

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution