Sentences with phrase «legitimate transactions»

It is illegal to knowingly filter illegally obtained money through a series of legitimate transactions in an attempt to hide the original «dirty» source.

Another factor to consider when chasing large is fraud and how legitimate the transaction is.

They also offer a fraud detection suite that allows you to set your own filters to maximize legitimate transactions while preventing fraudulent ones.

Life settlements, on the other hand, are legitimate transactions if the circumstances of the owner of the policy are right and the transaction is done properly.

There are times where legitimate transactions get flagged or denied.

Still, Silk Road showed us that bitcoin could be used for criminal transactions just as well as legitimate transactions.

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.

Developer Alex Bosworth has started using firewall software, called iptables, to prevent this traffic from disrupting legitimate transactions.

For example, the hackers involved with the recent Petya / NotPetya ransomware attack used a bitcoin tumbler to basically launder the money through high - volume addresses, mixing stolen bitcoins in with so many legitimate transactions that the stolen funds became nearly impossible to track.

As a result, it was once possible for somebody to affordably overwhelm the Bitcoin network with thousands of tiny spam transactions that the network was unable to keep up with, such that legitimate transactions also couldn't be processed.

If the stakers act honestly, confirming legitimate transactions, they will be rewarded with interest proportional to their stake.

As reported by Coinfox, the soft fork proposed earlier turned out to have a vulnerability that would slow down mining and impede legitimate transactions.

We allow banks to know a given transaction is a legitimate transaction between a consumer and that merchant,» Sinnwell says.

As Finzi explained, the company ensures that «legitimate transactions are recognized quickly as such and can be conducted smoothly.

In general, for assets that are held in taxable accounts, the tax basis is the cost of the capital investment plus any legitimate transactions costs associated with making that investment.

But this being a legitimate transaction is very unlikely.

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

The body stores the transactions, including sender data and receiver public keys, which help ensure that these are legitimate transactions.

As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung - sik, governor of the Financial Supervisory Service, has announced government organs will «support» all legitimate transactions in the cryptocurrency trading space.

Choe: We Want «Normal» Transactions As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung - sik, governor of the Financial Supervisory Service, has announced government organs will «support» all legitimate transactions in the cryptocurrency trading space.

«As long as the Escrowee buyer - seller is not an agent of one of the parties, and as long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.»

«So in the simplest terms, if you have real estate, you're going to buy a piece of property with the illegal funds, hang on to it — or have rental income from it, so that rental income is legitimate — and eventually when you sell the real estate, you get your proceeds out of it and by all accounts it appears to be a legitimate transaction.»