Sentences with phrase «illegal transactions such»
The problem is that many people are already using this type of currency for illegal transactions such as buying drugs, murder for hire and other criminal activities.
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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.
Recent research from Germany's RWTH Aachen University sifted through bitcoin's blockchain to look at the «arbitrary data» — information unrelated to financial transactions that users insert into the system — and found illegal content, such as links to child pornography, and copyright and privacy violations.
We may, but are not required to, decline a transaction on your Account for any of the following reasons: (A) because of operational considerations, (B) because your Account is in default, (C) if we suspect fraudulent or unlawful activity, (D) we reasonably believe a transaction may be challenged as illegal under state or federal law (such as casino gambling on the Internet), or (E) in our discretion, for any other reason.
In law such rules are known as Bright Line Rules: rather than 20 million words of tax law, you simply declare «any financial transaction whose only conceivable motivation is the avoidance of tax is by definition illegal».
Let derivative transactions go on where here is real hedging taking place; away from that, such transactions are gambling, and should be illegal.
Michele Lazarow — a Hallandale Beach city commissioner and activist who has helped pass numerous laws across Florida preventing pet stories from selling dogs that come from puppy mills — recounts the dreadful experience she had in 2004 after buying her dog, Alfie, from a pet store, which misrepresented where the dog had come from, thereby launching Lazarow on the path of crusader to make such transactions illegal.
In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.
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,»
Gaurav feels that such cryptocurrencies are being increasingly used in fostering speculative transactions and illegal money laundering.
FM @arunjaitley in his budget speech declared #CryotoCurrency is Illegal in India, Govt will take action against such Cryptocurrencies transactions
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.
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.illegal Illegal financial activities.Illegal financial activities.»
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.»
On January 23, South Korea's Financial Services Commission confirmed that all traders in Bitcoin would need to do future business dealings though real - name bank accounts in order to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money...
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.»
If a teenager starts experimenting with illegal substances, for example, dictating her own curfews and social activities, and a mother refuses to or prevents a father from setting up appropriate consequences for such behaviors, a dysfunctional transaction between the mother and daughter develops.
«A broker from outside Québec who is not an OACIQ licence holder and who markets a property located in Québec, particularly by posting it on a website such as Realtor.ca, commits in principle an illegal practice offence under the Real Estate Brokerage Act.Therefore, this is not a new guideline since CREA was first informed back in April 2011 that the marketing of a property in Québec done through an intermediary constitutes a real estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.»
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.