Sentences with phrase «in money laundering activities»

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

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.

Fintiri is accused, in the charge marked: FHC / ABJ / CB / CB / 131/2016, of engaging in money laundering activities involving a cumulative sum of over N1billion.

Not exact matches

COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia, following reports this year of money flows from family members of Russian President Vladimir Putin.

European Commission Vice President Valdis Dombrovskis, pictured above, said at a February roundtable in Brussels that digital assets «present risks relating to money laundering and the financing of illicit activities.»

Lehder's involvement in the drug trade proved valuable when he was able to testify against Panamanian dictator Manuel Noriega, who had assisted the Medellin cartel with its money - laundering activities.

Because of legislation such as the Bank Secrecy Act, signed into law in 1970, and the Patriot Act, which was made law in 2001, those institutions must maintain strict compliance programs to monitor for signs of money laundering, terrorist financing, and other criminal acts, and they are obligated to report suspicious activities to authorities.

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

«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.

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.

Activities such as money laundering too, were under their scanner and these raids look like the authorities have made some breakthrough in this direction.

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.»

Once Levy was a Madoff client, the relationship included classic, unchecked evidence of money laundering for years and years that should have resulted in legally - mandated Suspicious Activity Reports (SARs) filed with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).

On 5 December 2013, the People's Bank of China announced in a press release regarding bitcoin regulation that whilst individuals in China are permitted to freely trade and exchange bitcoins as a commodity, it is prohibited for Chinese financial banks to operate using bitcoins or for bitcoins to be used as legal tender currency, and that entities dealing with bitcoins must track and report suspicious activity to prevent money laundering.

In summary, FinCEN's decision would require bitcoin exchanges where bitcoins are traded for traditional currencies to disclose large transactions and suspicious activity, comply with money laundering regulations, and collect information about their customers as traditional financial institutions are required to do.

Or you have a cryptocurrency that actually is banked by money, and doesn't allow criminal activity, but that's been tried before; it was called Liberty Reserve, and it was shut down for money laundering in 2013 by the US government.

«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.

The new crypto regulations are being designed to combat money laundering activities in the country.

In closing, Bair calls on the government and Congress, in particular, to provide additional oversight to prevent fraud, money laundering and the use of cryptocurrencies for illicit activitieIn closing, Bair calls on the government and Congress, in particular, to provide additional oversight to prevent fraud, money laundering and the use of cryptocurrencies for illicit activitiein particular, to provide additional oversight to prevent fraud, money laundering and the use of cryptocurrencies for illicit activities.

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

ABUJA — PRESIDENT Muhammadu Buhari, yesterday, sent his first two executive bills to the Senate, seeking to prohibit money laundering and criminal activities in the country.

«That you, Olisa Metuh and Destra Investments Limited on or about the 24th November, 2014 in Abuja, did retain the sum of N400m on behalf of the Peoples Democratic Party of its campaign activities by concealing the said sum in your account with Diamond Bank Plc, when you reasonably ought to have known that such fund formed part of the proceeds of an unlawful activity of Col. Sambo Dasuki (Rtd), the then National Security Adviser, (to wit: criminal breach of trust and corruption), and you thereby committed an offence contrary to Section 17 (a) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 17 (b) of the same Act.

Account No. 0040437573 from the account of the Office of the National Security Adviser with the Central Bank of Nigeria without contract award, when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then NSA (To wit: criminal breach of trust and corruption) and thereby committed an offence contrary to section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011, as amended in 2012 and punishable under section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investment Limited on or about the 24th November, 2014 in Abuja converted the sum of N400m paid into the account of Destra Investment Limited with Diamond Bank Plc, Account No: 0040437573 from the account of the office of the National Security Adviser with the Central Bank of Nigeria without contract award when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then National Security Adviser (To Wit: criminal breach of trust and corruption) and thereby committed an offence contrary to Section 15 (2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15 (3) of the same Act.

One of the counts reads: «That you Air Chief Marshal Alex S Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and IYALIKAM NIGERIA LIMITED between 28th March and 5th December, 2013 in Abuja within the jurisdiction of this Court, did use an aggregate sum of N878, 362,732.94 (Eight Hundred and Seventy - Eight Million, Three Hundred and Sixty Two Thousand, Seven Hundred and Thirty - Two Naira, Ninety - Four kobo) removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself, when you reasonably ought to have known that the said funds formed part of the proceed of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S Badeh and you thereby committed an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act»

Obiang and members of his family have long faced investigations of money laundering, and Exxon's activity in the coastal African nation has raised questions of Foreign Corrupt Practices Act violations.

Khaled also has ominous looking chemical equipment in his kitchen along with ATM deposit envelopes for what appears to be a money laundering set up for terrorist activities.

While Bulger «informed» the bureau of his enemy's dealings, the FBI, and agent John Connolly (Joel Edgerton) in particular, almost turned a blind - eye to the horrific criminal activities that he was undertaking, which included racketeering, money laundering, extortion, and multiple murders.

USA Patriot Act Customer Identification Program Notification: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities.

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

AML regulations require institutions allowing customers to open trading accounts to complete due - diligence procedures to ensure they are not aiding in money - laundering activities.

Street Capital collects personal information from you, from your interactions with us and from other sources in order to make credit decisions about potential customers, to confirm identity and to prevent fraud, money laundering and other criminal activity, to understand customer needs, to determine suitability or eligibility of products and services, comply with applicable laws, collect on outstanding debt as well as to administer or service our products and services.

FCMs and IBs need to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to, among other things, deter, detect and report potentially suspicious activity.

Money laundering occurs when funds from an unlawful activity are moved through the financial system in such a way as to make it appear that the funds have come from legitimate sources.

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

This information is used to assist the United States government in the fight against the funding of terrorism and money - laundering 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.»

«The main requirements are for due diligence (and enhanced due diligence in higher - risk matters) before acting in the transaction and to report suspicious activity, via a money - laundering reporting officer, to the U.K. Financial Intelligence Unit before proceeding with the transaction.

In the wake of the recent global recession, property values plunged, and there was a spike in mortgage fraud and money laundering activitIn the wake of the recent global recession, property values plunged, and there was a spike in mortgage fraud and money laundering activitin mortgage fraud and money laundering activity.

Therefore it may only take a few instances of evidenced money laundering activity, or inadequate risk assessments and AML controls in the betting or other sectors for the remit of the Regulations to be extended to the wider industry.

The bank will also will pay a $ 350 million civil penalty for what the Treasury Department called «critical and widespread deficiencies» in its programs to prevent money laundering and other suspicious activity.

Broadly speaking, the changes cover a wide spectrumof white collar crime activity and include changes to: foreign bribery laws; the introduction of deferred prosecution agreements; whistleblower protection in the private sector; increased powers of the corporate regulator ASIC to investigate and prosecute breaches of the corporations law; an increase in the available penalties applicable to white collar / corporate crime, and changes to the anti money laundering laws to regulate bitcoin exchanges.

The first defendant commissioner was investigating suspected conspiracy to defraud, false accounting and money laundering offences in the transfer activity of professional football players at the club managed by the first claimant and other clubs.

As is well - known, international and national criminal activity and terrorism rely a great deal on the ability to launder criminal money into usable «clean» funds, both to allow the proceeds of crime to be used in the open economy and to finance terrorist activity in the UK and overseas.

Defended a national mortgage company charged with multimillion - dollar violations of Ohio's RICO (Engaging in a Pattern of Corrupt Activity), theft, money - laundering and record - tampering statutes, resulting in dismissal of all state charges within 10 days of indictment.

To ensure that legal professionals are not unwittingly used by their clients in crimes involving money laundering or terrorist financing activities, all of Canada's law societies enforce rules developed by the Federation.

In addition, that the definition of «financial crime» in PIPEDA include: fraud; criminal activity and any predicate offence related to money laundering and terrorist financing; all criminal offences committed against financial service providers, their customers or their employees; the contravention of laws of foreign jurisdictions, including those relating to money laundering and terrorist financinIn addition, that the definition of «financial crime» in PIPEDA include: fraud; criminal activity and any predicate offence related to money laundering and terrorist financing; all criminal offences committed against financial service providers, their customers or their employees; the contravention of laws of foreign jurisdictions, including those relating to money laundering and terrorist financinin PIPEDA include: fraud; criminal activity and any predicate offence related to money laundering and terrorist financing; all criminal offences committed against financial service providers, their customers or their employees; the contravention of laws of foreign jurisdictions, including those relating to money laundering and terrorist financing.

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.).