Sentences with phrase «like money laundering»

As cryptocurrencies are not backed by government, several authorities fear they may be used for illicit activities like money laundering.

As for requiring users to link their trading accounts with real bank accounts, that's meant to prevent crimes like money laundering.

Not only that but it operates with total anonymity and is being used for many different activities like money laundering, drug trafficking, and prostitution.

A financial crime like money laundering can lead to extensive monetary fines and, in many cases, jail time.

For instance, it is a known fact that they have been involved in criminal transactions like money laundering or extortion.

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.

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.

«It almost sounds like money laundering, but it's legal,» Wilson laughs.

This will look like money laundering.

If I was being «ultra lay», I'd say it's sort of like money laundering is baked into the platform, if only metaphorically (can I say that?).

One solution to central banks» potential concerns like money laundering is the co-optation of Blockchain tech by the institutional behemoths themselves, as Kanungo himself emphasized yesterday:

«Virtual currency is currently unable to function as a means of payment and it is being used for illegal purposes like money laundering, scams and fraudulent investor operations.

Germany and France indicated earlier this year that the inherent quality of anonymity in cryptocurencies poses financial risks because illicit activities like money laundering can flourish amid lack of regulations.

Thirdly, and most importantly, the lack of transparency and regulatory control have made cryptocurrencies a target for criminal purposes and we know that they on several occasions have been involved in criminal transactions like money laundering or extortion.

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.

Like the August 1 clarification, today's announcement cautions that token offerings are prone to illegal activity, like money laundering, due to the anonymity of transactions and the ease with which funds can be raised quickly.

According to the publication, RBI suggested that cryptocurrencies should be traded similarly to commodities, such as gold and silver, and therefore should be tracked by SEBI to ensure they're not used for illegal activities, like money laundering and terror funding.

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.

The surge in Bitcoin Investments flowing in the country has made Indian Tax Department and other investigation agencies wary of the fact that it could have been possibly routed for other illicit activities like money laundering and tax evasion.

Blockchain analysis companies like Chainalysis are now able to track illegal activities like money laundering or drug trading.

NIFA has raised concerns over the use of this «virtual currency» as a primary tool to carry out all the nefarious and criminal activities like money laundering, drug trafficking, illegal fundraising, and others.

He admitted that although there are some concerns raised about the safety and protection of investors plus their use in executing criminal activities like money laundering, the technology that comes with these digital currencies can be used to improve the efficiency and the inclusiveness of the economy and financial systems.

The agency is increasingly concerned about the possibility that the virtual currencies could be used in illegal activities like money laundering and tax evasion due to their growing popularity.

«Digital currencies and crowdfunding have the potential to support criminal, anti-social activities like money laundering, terrorist funding and tax evasion.