Sentences with phrase «illicit activities»

As cryptocurrencies are not backed by government, several authorities fear they may be used for illicit activities like money laundering.

«Only a small number of entities account for the majority of illicit activity in our sample,» the study says.

There'll never be a believable account of a computer engaging in illicit activities with foreign and domestic sex workers, or interns, because it simply can't do those things.

Both the nature of their business and regulatory design have positioned them as the first line of defence against money laundering, terrorism funding, and an expanding array of other illicit activities.

As cryptocurrencies have entered the mainstream, their association with illicit activities has diminished, and so has the stigma of accepting them.

However, this state neglect turned illicit activities into a legitimate income source and attracted many entrepreneurs of violence.

We identify illicit activity in cryptocurrencies by providing actionable intelligence to cryptocurrency companies, financial institutions and government agencies.

Consumers would be adversely affected if law enforcement agencies investigate any alleged illicit activities related to the token investment scheme.

The government can leverage this opportunity and use it to curb illicit activities and, in the process, arrest criminals.

Domestic exchanges also announced plans to form a self - governing body to safeguard against illicit activity.

Is he saying that it's easier conduct illicit activity with cryptocurrency than cash?

Officials have openly expressed their discomfort in the use of cryptocurrency to aid and limit illicit activities.

They believe that it is in fact a threat to the security of the Russian nation as it would allow for widespread money laundering and other illicit activities a safe haven to take place.

Do you think cryptocurrencies pose a threat in terms of being used for illicit activities?

This is purely opinion until there is ample evidence to illustrate that decentralized cryptocurrency will produce a greater percentage of illicit activity than fiat currency.

The growing concern about the rise of cryptocurrencies use in illicit activity all around the world is getting louder and louder — almost competing with stories about cryptocurrency volatility.

Bernstein shows how shell companies operate, how they allow the super-wealthy and celebrities to escape taxes, and how they provide cover for illicit activities on a massive scale by crime bosses and corrupt politicians across the globe.

The study later adds, «Our study, the first of its kind, indicates that while most types of conversion services have received some bitcoins from illicit activity, the vast majority of the funds they receive do not appear to be illicit.»

The trick would be to apply regulations to protect consumers and prevent illicit activity, without stifling innovation in the fast - growing crypto - currency and fintech sectors, the Japanese officials said.

There has also been illicit activity by Mafia style groups who mistreat women.

The criminal underworld is disavowing bitcoin in favor of a new breed of cryptocurrencies that can better conceal illicit activity, a phenomenon that can partly explain...

The minister praised the blockchain technology and its high importance which could revolutionize the entire financial space though he added the concern of them being used for illicit activities such as money laundering and terrorism financing.

In early March, the England bank governor, Mark Carney had warned Sky news that cryptocurrencies could face some regulations, adding that time had come to regulate the elements of crypto assets to combat illicit activities.

The surge in Bitcoin Investments flowing in the country has made Indian Tax Department and other investigation agencies wary of the fact that it could have been possibly routed for other illicit activities like money laundering and tax evasion.

«According to Mr. Jaitley, they will be stopping illicit activities happening using Bitcoin and other cryptocurrencies.

«It is further deposed in paragraph 13 of the counter-affidavit that the commission has uncovered facts that most of the funds paid into the bank accounts are proceeds of illicit activities which involved money laundering and investigations and investigation is still ongoing to unravel the rationale behind the other suspicious deposits.

The USD $ 100 may be the most famous form of funding illicit activity, but I'd bet my life savings that someone, somewhere, has used Facebook credits in a money laundering scheme.

According to a statement signed by Captain Suleman Dahun for the Chief of the Naval Staff, stated that the Exercise, sponsored by U.S Africa Command and designed to improve regional cooperation, maritime domain awareness, information - sharing practices and tactical interdiction expertise to enhance the collective capabilities of Gulf of Guinea and West African nations to counter sea - based illicit activity.

In Ontario, claims are made to the Civil Remedies for Illicit Activities Office (CRIA), in the Ministry of the Attorney General.

While illicit activity on the OpenBazaar network appears to be limited at this time, it could potentially explode in popularity as a reaction to law enforcement's hypothetical campaigns against the centralized darknet markets.

As such, the crypto community more broadly has been debating the merits of the RWTH Aachen University paper and what could possibly happen as governments work to clamp down on illicit activity throughout the world.

Proponents of Section 230 warn it could open up a Pandora's box of threats to internet freedom and actually have the opposite effect of what is intended, in the case of the sex trafficking bill pushing illicit activity into even darker corners of the internet.

That's given way to arguments on both sides of the aisle: Some critics say that it could help mask illicit activity, while others champion the digital trail as a way to improve transparency.

A few weeks prior, the Bank of England governor warned about a major regulatory crackdown Regulation cryptocurrencies to address illicit activities is a positive message viral.

You start your new life performing odd jobs around town for your cousin — making deliveries and handshake deals — but the pressures of capitalism begin to force Niko (you) toward more illicit activities.

We have put in place a very successful whistle blower programme that is delivering results, and allows those who report illicit activity to receive up to 5 % of any funds that we recover.

While New York City will see massive renovation projects that will transform critical infrastructure, including the Javits Convention Center in Manhattan and the LaGuardia Airport, the state wisely determined that abandoned buildings act as a serious concern to our remote region, driving down property values and inviting illicit activity.

The governor stated that while the apex bank and banking operators had made efforts to reduce the incidents of fraud and ensure consumer confidence in the payment system, the Cybercrime Act, if effectively enforced, would serve as a deterrent and constant reminder to those who might wish to engage in illicit activities targeting the financial technology infrastructure.

These findings do not suggest that there would be an explosion of illicit activity if menthol cigarettes were banned.

Lurking in the house is Eddie (Billy Burke), a thief who is convinced he can find a stash of cash leftover from the homeowner's previous illicit activities.

The group has released an extensive list of illegal and illicit activities found in the game, which includes smoking marijuana, drinking in excess, and picking up prostitutes in classic Grand Theft Auto fashion.

Such behaviour raises concerns that this is an attempt by the government of Liberia to use the reputation of Deloitte and Touche as a cover for continued illicit activities (iii).

The Loo also features louvered panels that allow for surveillance by the community (without sacrificing privacy) and an exterior hand washing station that helps to deter illicit activity.

Whilst some key concerns around cryptocurrency dangers were highlighted (such as consumer and investment protections and their use to shield illicit activity and for money laundering and terrorist financing), the G20 has rejected calls for regulation and have instead been urged to lessen the risks by working together to improve conduct, market integrity and cyber resilience in the cryptocurrency sector.