Sentences with phrase «in money laundering»

The move comes after the government issued a set of guidelines that it hopes will eliminate cryptocurrency being used in money laundering and drug trafficking cases.

Anyone involved in the money laundering scheme should resign too.

Those regulations would have required lawyers to report to a federal agency whenever they had a suspicion that their clients were engaged in money laundering activities.

Indeed, one year ago, Dutch police working with an international team, arrested 10 people that where involved in money laundering activities.

Some governments feel that crypto will pave the way for an increase in money laundering and other fraudulent activities financed by digital currency.

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

Our lawyers frequently act for professionals who find themselves unexpectedly caught up in money laundering investigations whether as witnesses or suspects.

Can you have a career in money laundering and drug trafficking and still stay on the right side of the law?

The first step in money laundering is to make a legitimate transaction — for example a deposit into a financial institution.

After all, you can't be a mob boss without having a Ph.D. in money laundering.

The statement also went on by making some of the other general stereotypes associated with cryptocurrencies such as their use in money laundering and the drug trade.

The presence of one, or even multiple factors, does not necessarily mean the purchaser or seller is engaging in money laundering activities.

The move comes in the wake of a December 2017 agreement with the European Council to enact new measures to combat the potential use of cryptocurrencies in money laundering, tax evasion, and other criminal activity.

However, she is also able to deal successfully with complex dishonesty cases, and recently secured an acquittal at half time in a money laundering matter, where her client was the wife of a man who had committed large - scale Advance Fee Frauds over a number of years.

The Bank of Indonesia is concerned about the potential role of the crypto currency in money laundering and terrorist financing, suggesting that citizens...

Organised crime rings, mostly in Eastern Europe and Africa, often use unsuspecting westerners to help them engage in money laundering in this way.

Michael McDonald, a 27 - year veteran U.S. Treasury agent in Miami, specialized in money laundering and helped strengthen U.S. law to combat money laundering in banks.

Bitfinex is pushing back against allegations it is involved in a money laundering case in Poland.

In 2016, it received 193 reports of potential involvement in money laundering.

While the illicit financial risk for real estate agents is often mitigated by the involvement of financial institutions already subject to strict anti-money laundering / counter-terrorist financing laws, the use of real estate in money laundering schemes continues to be an area of concern to the government.

«It is also important to have this included in money laundering acts.

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.

Prior to the meetings scheduled for today and tomorrow, vice president of Germany's Bundesbank, Claudia Buch, stated that «the role of crypto tokens in money laundering and criminal activity must also be closely examined,» but also that she doesn't «see a threat for financial stability at the moment as the speculations are generally not financed with loans and the relevant markets are rather small.»

Under the serious crime bill an accountant would face prosecution for assisting in money laundering, even if they didn't know whether those they were helping were engaged in drugs, or child trafficking, or bank robbery.

Wednesday, federal authorities raided the clinic headquarters, searching for evidence that could implicate the senator in money laundering, mail fraud and tax fraud, according to state and federal officials.

Counsel to Federal Government, Mr Shuaibu Labaran who declined to confirm or deny the presence of the security operatives in the house of Dasuki, in breach of the court order, however admitted that the former NSA was being investigated in another money laundering matter.

Expressing the passion the EFCC has for the war against corruption, Magu said, «EFCC needs training in money laundering as it is still a new concept which most judges and prosecutors still need to better understand.»

Her dad died under mysterious circumstances and was embroiled in a money laundering scheme.

But since Saul becomes a dupe (by telling them how to properly commit a future crime) and conspirator (by becoming involved in the money laundering aspect of the business), an exception to solicitor - client privilege would apply.

Other legislative development relates to the expansion of the predicate offenses in the money laundering legislation.

Special counsel Robert Mueller has filed a new, sealed charging document in the money laundering case against former Trump campaign chairman Paul Manafort and his onetime business associate Rick...

In circumstances in which knowledge or suspicion of involvement / complicity in money laundering on the part of intermediary businesses may be extremely difficult to establish, then a regulatory route will often be the most appropriate, especially given that penalties can be severe.

Tasked with assessing a large financial institution's liability in a money laundering investigation, Swiss FTS needed to reveal the truth surrounding more than 300 account managers and approximately 300,000 transactions.

«I think that these claims [that lawyers are significantly implicated in money laundering] are running ahead of the evidence,» says Susannah Cogman, of Herbert Smith Freehills.

Kevin also specialises in serious crime and has extensive experience in money laundering, VAT and serious drugs cases.

Julian Dixon, CEO of Fortytwo Data, said: «I hope the dramatic rise in the value of fines is a sign that HMRC is getting tough on the weak links in our money laundering defences.

A self - financing compulsory registration / licensing scheme with «know - your - client» provisions would significantly reduce the trade in stolen antiques, the use of antiques in money laundering and this growing budget airline antiques fraud.

Thus, investors do not have to worry about the risk of fraud or engaging in money laundering unwittingly, because of the tough regulations.

Although bitcoins are considered a good investment, the governments need to look deeply into it so they can come up with regulations to guide and to avoid situations whereby the bitcoins or other cryptocurrencies are utilised in money laundering schemes.

In the eyes of the CBK, the anonymous nature of bitcoin payments makes it, ``... susceptible to abuse by criminals in money laundering and terrorism financing».

In money laundering middleman / intermediaries would collect money from one source and transfer it to another source through Bitcoins.

After history's biggest Coincheck hack, the FSA stepped up its efforts to investigate Bitcoin exchanges, as well as Bitcoin's illicit use in money laundering transactions.

The letter continues that the FBI has created «numerous intelligence products related to virtual currency,» and works closely with its regulatory partners in money laundering, computer crimes and intellectual property to address any threat posed by virtual currency.

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.

Japan is reportedly planning to use the G20 meeting next week to call for combined efforts to combat cryptocurrency use in money laundering.

The Organization for Economic Cooperation and Development also praised the Swiss Attorney General's office for expanding the number of cases it's investigating, pointing to a nearly six-fold increase in money laundering and bribery probes from 2011 to 2016.