Sentences with phrase «like laundering money»
A way to protect property owners from personal liability has also turned out to be handy for enabling problematic behavior, like laundering money or being a bad landlord.
https://www.nytimes.com/ Not exact matches
«Looks like we may have hit a goldmine» he said in an email to family members after organizing a 1MDB deal that would later allegedly become a money laundering vehicle.
Proposed guidelines include identifying investors to prevent money laundering, protecting existing shareholders and debt holders, restricting unfair trade practices like insider trading and ramping up cybersecurity efforts.
As cryptocurrencies are not backed by government, several authorities fear they may be used for illicit activities like money laundering.
He said the bank is concerned bitcoin might be used for fraud or other illegal activities like terrorism, money laundering, prostitution, drug trafficking.
In a blog post on Tuesday, IMF head Christine Lagarde wrote that cryptocurrencies need regulation in order to crack down on crimes like money laundering and terrorist financing.
PV: «The way it works, is someone like the Financial Crimes Enforcement Network (FinCEN) issues guidance on money laundering, and the states... say, «Okay, this is about money transmission,» and things like that can lead to the creation and issuance of a BitLicense.»
Mark Branson, chief executive of the Swiss financial regulator FINMA, said on April 7 that it is dealing with a number of money laundering cases that look like «blatant and massive corruption», citing controversies around Brazil's Petrobras and 1MDB as two prominent examples.
Every big Wall Street firm has an extensive compliance program, with elaborate protocols and training programs designed to make sure investment bankers, stockbrokers and bond traders understand the rules around no - nos like unauthorized trading, money laundering and terrorist financing.
Only Kulikov was charged in the Promsberbank affair, but the names of his partners in the bank read like a who's who of Russian money laundering.
A new federal rule aimed at thwarting money laundering will go into effect in May and could impact how your business applies for and secures financial products like loans and credit cards.
The US government insists that any business exchanging cryptocurrency with US customers must be licensed as a «money services business» on the grounds that it could be used for funds transmission and thereby (like a bank) for «money laundering.»
Even disclosures about potential violations of gaming license and concession rules in Las Vegas, Massachusetts, and Macau are more focused on things like illegal gambling, money laundering, and debt collection rather than sexual misconduct.
Activities such as money laundering too, were under their scanner and these raids look like the authorities have made some breakthrough in this direction.
Finding evidence that the Roma enjoyed expensive luxuries and had used modern criminal techniques, like tossing cell phones away after using them, the prosecutor said: «Someone in the Middle Ages would not be able to launder money amassed by children.
-- No funds from this center will go to the «social charities» of organizations like the Hamas and Taliban since that is used as a front for laundering monies that support terror.
Like the Vatican — involved with murder, genocide, pedophilia, money laundering etc...
The President is by all noble means setting a cardinal dais, diminishing the sturdy hold that corruption has on some major facets; features like money laundering represent in bold relief one of the major ways corruption criminals utilizes to loot the country's commonwealth.»
But it does not turn over individuals arrested for low - level crimes such as possession of small amount of marijuana or blowing a stoplight without damaging people or property, or even for more serious nonviolent violations like money laundering, grand larceny or harassment.
I'm reminded of the time former state senator Dick Schermerhorn, under felony federal indictment for mail fraud, money laundering and the like, lost to an unknown undertaker from Port Jervis.
By the time Barry, in his gleeful voiceover narration, says, «The money was coming in faster than I could launder it,» I felt like I'd seen this all before, and better.
According to the report, 10 out of 20 states reviewed allow tax filers to bring in more from combined state and federal credits and deductions than they donate, a loophole that the report's author said makes their donations more like money laundering than philanthropy.
All they need is a fake non-profit like the Gates Foundation to set up a tax evasion and money laundering scheme.
Was the computer software CEO really embezzling money from the drug cartel that used his company as a front for money laundering like the police initially suspect?
As per the recent amendments to Prevention of Money Laundering Act (PMLA) Rules, 2017, Financial Institutions like Mutual Funds are mandated to obtain Aadhaar Number from their customers and link the same to the respective accounts / Folios.
Beside standard Swift (which may be registered and checked for money laundering) there are the money transfer companies (Western Union) and the electronic currencies like bitcoin.
Like its southern neighbor the United States, Canada maintains a generally bitcoin - friendly stance while also ensuring the cryptocurrency is not used for money laundering.
«It almost sounds like money laundering, but it's legal,» Wilson laughs.
A new federal rule aimed at thwarting money laundering will go into effect in May and could impact how your business applies for and secures financial products like loans and credit cards.
This will look like money laundering.
I liked your tip to «launder» my own money by putting two dollars into savings every time I do laundry, or something similar to that.
As an exchange we provide a platform, we monitor the market, we work with the regulators to ensure the fairness of the market, we validate all the technology platforms, we make sure the trading that people are doing is fair and we make sure there are no illegal activities (like money laundering) taking place.
Like all «green power» and associated activities it is a money laundering scheme to pass taxpayers» money to politically favored groups and individuals.
O'Malley and company plan on using newDEAL to fund campaigns of like minded politicians, basically creating a money laundering dark money pipeline from corporate interests to campaign coffers.
It's not owned by a PR firms like the main alarmists sites such as RealClimate.org and DeSmogBlog.com indeed are, with million dollar funding sources, the later case an Internet banking mogul who was convicted of money laundering of his online gambling funds:
SeaChange also donates money to the Tides Foundation, which behaves less like a philanthropic organization than a legal front for laundering donations that might otherwise draw scrutiny.
Mark Compton is in the financial services regulatory & enforcement practice of Mayer Brown, which, like all firms, has a money laundering reporting officer in London who carries a personal liability for failing to report suspicions or knowledge of money laundering.
If you'd like to discuss your matter with our money laundering and POCA defence experts, please don't hesitate to get in touch.
Although there is a very spirited debate in Canadian society about the decriminalization or even legalization of marijuana, police and the federal prosecution service continue to crack down on all manner of drug offences, including simple possession, possession for the purposes of trafficking, trafficking, production, importation and related money offences like laundering and proceeds of crime.
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.).
Three - quarters of the 100 firms surveyed said they would like to have more training on property fraud and money laundering.
That scenario is more akin to a client who requests that a lawyer assist him with money - laundering than it is like traditional lawyer - client advising.
Depending on the nature and size of the business, they could deal with things like privacy, anti-spam, workplace safety, money laundering, and the list goes on.
Unfortunately, these technologies also create new money laundering tools that allow countries like Iran, North Korea, and Russia to evade international sanctions.
«In addition to mitigating illicit finance risks like criminal money laundering, there will likely be a need to develop strategies to counter state actors aiming to use cryptocurrencies to circumvent U.S., EU, and UN sanctions.»
So things like drug sales - and there is growing evidence towards these cryptocurrencies facilitating money laundering.
According to Winters - who is the president of Global Tax Accountants, LLC, and a chair of the Wall Street Blockchain Alliance tax and accounting committee - laundering money with cryptocurrency like bitcoin is much less efficient than using traditional financial institutions.
SureRemit's blockchain token has less risk of being used for money laundering when compared to cryptocurrencies like bitcoin.
China is particularly worried about issues like capital flight, money laundering, and threats to sovereignty and state control.
As reported in late December, Korean authorities first set upon enforcing a ban on anonymous trading of cryptocurrencies like bitcoin as a means to crack down on financial fraud, tax evasion and money laundering.