Sentences with phrase «illegal money laundering activities»

Given online frauds and illegal money laundering activities, your account may / could have been used by someone to deposit illegal money and transfer it somewhere else.

Not exact matches

This gap could be used for money laundering, or other illegal activity.

The exploratory research study, intended to advise authorities going forward, concluded that it was likely that the virtual currency had been used for illegal activities, including money laundering.

This makes Bitcoins a potentially good choice for tax evasion, money laundering and other illegal activities.

He said the bank is concerned bitcoin might be used for fraud or other illegal activities like terrorism, money laundering, prostitution, drug trafficking.

The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.

Due to its anonymity and untraceabilitiy, it is used for criminal activities such as laundering money, buying and selling illegal goods and services and transferring money to support criminal or terror activities.

«We have simply noted in conversation with Mr. de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity, which is a standard practice for, say, pawnshops.

«We have simply noted in conversation with Mr de Voogd that without the registration required by the Money Laundering and Terrorism Prevention Act, offering financial service could be grounds for criminal proceedings for illegal economic activity.»

To combat the activities of Mexican, Central American, and South American transnational criminal organizations — including illicit finance and money laundering activities and the flow of illegal drugs — the FBI works side - by - side with its numerous domestic and international partners to infiltrate, disrupt, and dismantle these groups by targeting their leadership and using sensitive investigative and intelligence techniques in long - term, proactive investigations.

This is a document aimed prevent and minimize possible risks of any kind of illegal activity, such as money laundering, terrorist financing, drug and human trafficking, etc..

Stiglitz has been on the public record saying that Bitcoin should be made illegal and that once it is regulated to the point where it can't be used to launder money or fuel other illicit activities it will disappear.

«Citizens and legal entities risk being drawn - even unintentionally - into illegal activity, including laundering of money obtained through crime, as well as financing terrorism,» Russia's Central Bank said in a statement.

Concerns surrounding usage of cryptocurrencies in illegal activities, such as money laundering, are well founded.

The relatively anonymous nature of digital currencies has made them very attractive to criminals, who may use them for money laundering and other illegal activities.

As an exchange we provide a platform, we monitor the market, we work with the regulators to ensure the fairness of the market, we validate all the technology platforms, we make sure the trading that people are doing is fair and we make sure there are no illegal activities (like money laundering) taking place.

In addition to this, you may end up being implicated in money laundering, terrorist financing among other illegal activities.

Among other things, those posts accuse Padrick and Obsidian of engaging in «illegal activity,» including «corruption,» «fraud,» «deceit on the government,» «money laundering,» «defamation,» «harassment,» «tax crimes,» and «fraud against the government.»

According to the FSC, the measures outlined were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion,»

Most residential leases and most zoning statutes in places zoned residential would not prohibit the use of a premises as a home office used only by the resident and an occasional visitor (assuming that the business activity was not itself illegal like drug dealing, money laundering, loan sharking, prostitution or pimping, etc.).

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

While there have been virtual currency cases involving money laundering, paying off ransomware attacks and other illegal activities, the Elgin police say they have never had reports related to bitcoin or the bitcoin ATMs.

Hence it is being used in various illegal and money laundering activities.

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.

This is done to combat extortion, money laundering, aid to terrorists, and other illegal 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.

Regulators around the globe have been linking bitcoin trading with money laundering and illegal activities.

During the one - month period, OKCoin and Huobi would go through an «upgrade» to fight «money laundering, exchange, pyramid schemes and other illegal activities.»

This identity confirmation is designed to prevent money laundering and other illegal activity that could be facilitated by the use of cryptocurrency.

The so - called «Big 3» exchanges — Huobi, OKCoin and BTC China — halted bitcoin and litecoin withdrawals while they undergo an upgrade to fight «money laundering, exchange, pyramid schemes and other illegal activities.»

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.

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..

Blockchain analysis companies like Chainalysis are now able to track illegal activities like money laundering or drug trading.

Currently, Singapore, which is considered to be the Asian hub for finch and initial coin offering, does not regulate digital assets market, though the central bank watches for the activities that may pose certain risks, such as money - laundering or other illegal transactions.

Last fall, the banking titan said Bitcoin was a untraceable tool for money laundering and other illegal activities.

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.

While the KCS did not disclose whether it is taking any legal actions currently against these businesses, it said it will continue the effort in investigating on similar activities as well as illicit use of cryptocurrency in money laundering and smuggling illegal goods such as drugs.

Bing holds the opinion that the ban shall be in place until regulatory policies and frameworks for both projects and ICO investors are introduced by local financial regulators which surely will serve as a bridge over troubled waters caused due to illegal money laundering and other associated activities which use ICO as a safe haven.

To be on the safe side, services will often go above and beyond to be 100 % sure they've fulfilled all possible legal obligations they might have to «know their customer», prevent money laundering and ensure they're not supporting illegal activities.

He was on CNBC's Squawk Box yesterday where he asserted that Bitcoin's best use - case has been as a monetary unit for illegal activities, particularly money laundering and tax evasion.

South Korea's Financial Services Commission has enacted a series of rules which it hopes will «reduce room for cryptocurrency transactions to be exploited for illegal activities such as crimes, money laundering, and tax evasion.»

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 ransom is paid, the leader of the hacker group launders the money through cryptocurrency exchange platforms and pays his employees through a clean bitcoin wallet not associated with illegal activity.

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.

News.Bitcoin.com recently reported that Australian authorities are set to introduce new laws that will enable the regulation and monitoring of cryptocurrency traders for tax evasion, money laundering, and other illegal activities.

The real - name rule is a significant set in the fight against money laundering and other potentially illegal activities.

The South Korean Financial Services Commission said that the new regulatory measures were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion.»

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:

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.