Sentences with phrase «illegal financial activities»

As the offerings are often based on speculation, the country's regulators believe they are likely linked to «illegal financial activities [which] seriously disrupt the economic and financial order».

FINTRAC warns that the real estate industry is vulnerable to subtler forms of illegal financial activity.

The decision to delist the exchange is due to the regulation tightening in China, where a few days ago the authorities called ICOs illegal financial activity and warned the trading platforms might face a possible closure if they continue to support trading operations with tokens issued within ICOs.

The obligatory reporting of transactions suspected to be part of money laundering and drug trafficking was also made part of the legislation in an effort to crack down on use of cryptocurrency as a medium to facilitate illegal financial activities.

Member units should fulfill their commitment to industry self - regulatory conventions, strictly abide by national laws and regulations, do not participate in any of the so - called «virtual currency» related to the concentration of transactions or services for such transactions, take the initiative to resist any illegal Illegal financial activities.»

After mainland China called Initial Coin Offerings illegal financial activity and banned fund - raising via digital currencies, the cryptocurrency market underwent a severe correction.

A recent ruling from the People's Bank of China called ICOs «illegal» and as the offerings are often based on speculation, regulators say they are likely linked to «illegal financial activities [which] seriously disrupt the economic and financial order.»

But after the Chinese authorities declared ICO illegal financial activity and called on projects that attracted financing through ICO to return funds to investors, the QTUM token rate fell by almost 40 % within a day.

It reminds the public to be aware of risks and take steps to properly identify the indicating factors of any illegal financial activities, and invites citizens to report any illegal activities in a timely manner.

At the same time, however, it is important to analyze its implications for financial stability, tax evasion and illegal financial activities.

The announcement will mark ICO (Initial Coin Offering) as «illegal financial activities» and order the ICO to be banned on the date of publication of the announcement.

Therefore, law enforcement agencies and the financial sector devote considerable time and resources to combatting these illegal financial activities.

Therefore, law enforcement agencies and the financial sector devote considerable time and resources to combating these illegal financial activities.