Sentences with phrase «illicit financial activity»

In December 2006, FinCEN conducted an assessment of SAR reports on money laundering and related illicit financial activity in the commercial real estate sector.

The report also provides summaries of SARs that were reviewed for this study as well as examples of activities and transactions that may be indicative of money laundering and associated illicit financial activity.

A large part of the decision to tax Bitcoin miners was to curb money laundering and other illicit financial activities that could be perpetrated under the guise of mining operations.

South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to foster the country's blockchain development.

South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to...

Not exact matches

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

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.

However, they will also analyze its implication on the global financial stability, tax evasion and illicit business activities.

The India Ministry of Finance reaffirmed that it intends to ban the usage of cryptocurrencies in financial crimes and illicit activities, but not ban cryptocurrencies in general.

«We encourage Fintech, we encourage innovation, but we want to make sure that all of our financial markets are safe and aren't being used for illicit activities,» said Steven Mnuchin, U.S. Treasury Secretary.

We encourage fintech, we encourage innovation, but we want to make sure that all of our financial markets are safe and aren't being used for illicit activities.

«A better path [instead of banning them] would be to regulate elements of the crypto - asset ecosystem to combat illicit activities, promote market integrity, and protect the safety and soundness of the financial system.