Sentences with phrase «money laundering at»

But it's more in the layering stages where they can be used — there's a risk of money laundering at that level.»

Unofficial investigations into money laundering at defunct cryptocurrency exchange Mt. Gox alleged that a UK «shell» company was involved in laundering 650,000 BTC (equal to about $ 6.9 bln at press time) March 7.

Metuh who is facing trial for alleged criminal breach of trust and money laundering at the federal high court, Abuja, his family said had made advances to return the money but was rejected by the government.

«We are committed to investigating and pursuing sanctions violations and money laundering at financial institutions.

At 8:45 a.m., state Superintendent of Financial Services Ben Lawsky will deliver a keynote address on rooting out and deterring money laundering at banks at a conference hosted by the Association of Certified Anti-money Laundering Specialists, Conrad New York, 102 North End Ave., Manhattan.

That's a crime of money laundering at the very least.

The US and several other countries are investigating allegations of cross-border embezzlement and money laundering at 1MDB, which was set up and previously led by Najib to promote economic development, but which accumulated billions in debt.

He also headed Deutsche Bank's internal probe into its role into alleged money laundering at the bank's Russian unit, the so - called mirror trades, which led to the lender shuttering its securities unit in the country.

The Justice Department and Swiss authorities are currently investigating allegations of fraud and money laundering at Malaysia's sovereign wealth fund.

Not exact matches

Colleagues said it would be used for money laundering, drugs, and other illicit activities, he says — the same criticisms lobbed at Bitcoin when it debuted.

BlackRock CEO Larry Fink took a shot at cryptocurrency bitcoin on Friday, calling it an «index of money laundering.»

«Bitcoin just shows you how much demand for money laundering there is in the world,» Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting.

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.»

That would normally be an end of the matter, but not everyone is inclined to take Deutsche's compliance department at its word after a string of governance scandals in recent years that culminated in a $ 630 million settlement for failing to police money - laundering by its Moscow office last month.

At the height of its power it sent hundreds of tons of cocaine to the US and laundered billions of dollars in drug money.

Policymakers were also looking at tightening regulations for remittance companies and money changers, and regulating operators of virtual currencies to boost efforts to combat money laundering, he said.

The Philippine central bank is bolstering cyber security surveillance to help boost banks» defenses and is looking at regulating bitcoin operators to combat money laundering, a senior official said on Saturday.

After a slow and grudging response to the initial revelations, Cameron finally published six years of personal tax returns at the weekend, and for good measure Monday promised new legislation to make companies criminally liable if they fail to stop their employees laundering money on clients» behalf.

Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said.

Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering.

Speaking in Toronto at the Canadian Club this morning, he stressed the proposal is aimed at cracking down on international money laundering and terrorism financing.

ABUJA, March 6 - Nigeria's lower house of parliament passed a bill on Tuesday aimed at helping authorities to tackle money laundering and funding for terrorism.

Earlier this week in the British House of Lords, Lord James (a corporate expert at money laundering) stood up and announced that he had been secretly in contact with a mysterious organization he called Foundation X, an organization that has come forward offering to inject billions of dollars into the failing British economy.

In the meantime, a self - regulatory group — the Committee for the Establishment of the Digital Asset Transfer Authority — «will set technical standards aimed at preventing money - laundering and ensuring compliance with laws.»

For his part, Steve Bannon speculated at length to journalist Michael Wolff that Mueller could target Kushner Companies for potential money laundering.

In a speech in January, France's finance minister called for proposals aimed at preventing virtual currency from being used to launder money, evade taxes, and finance terrorism, and asked a former Bank of France deputy governor to investigate cryptocurrencies.

At one time, money laundering literally referred to the practice of running counterfeit cash through the clothes dryer to give it the worn look of bills already in circulation.

Measures to identify and verify each customer shall be in line with and shall be at least of the standards set by the Monetary Authority of Singapore for capital markets services licence holders in relation to the prevention of money - laundering and terrorism financing

At the same time as a result of sloppy execution some of these banks are guilty themselves of facilitating drug money laundering activities and as a result have paid billion dollar settlement fines.

«Our objective is to provide appropriate guard rails to protect consumers and root out money laundering without stifling beneficial innovation,» Lawsky said in a speech at the New America Foundation in Washington.

The bipartisan PAC is the first Malaysian entity to level allegations against 1MDB, which is at the center of corruption and money - laundering investigations in the United States, Switzerland, Singapore and Luxembourg.

April 27, 2018 - Constance Brinkley - Badgett A new federal rule aimed at thwarting money laundering will go into effect in May and could impact how your... Read More

Lael Brainard, a governor at the U.S. Federal Reserve, has said bitcoin and its peers raise investor protection and money laundering concerns.

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.

«In order to hide Ukraine payments from United States authorities, from approximately 2006 through at least 2016, Manafort and GATES laundered the money through scores of United States and foreign corporations, partnerships, and bank accounts,» according to court filings released on Friday.

New rules aimed at preventing the use of the growing crypto - sector for money laundering, tax evasion and other criminal acts.

This move aims at preventing bitcoin from being used as a money laundering tool.

Cyber crime and money laundering are growing and evolving at a faster rate than many organizations can keep pace with, especially while staying within regulatory requirements.

Fraud and money laundering will be tougher to execute, as it would become significantly more difficult to forge documentation; and such crimes would be easier to detect, as the identity of an individual or entity can also be stored on the blockchain, which ensures secure and quick identity authentication without the need to warehouse data at third - party repositories.

When they are looking for a way for the main character to launder his drug dealing money, they at least look at buying the car wash he worked at as a teenager.

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.»

For prosecutors to charge someone with money laundering, the money at issue has to come from a crime, and paying someone to keep quiet does not qualify.

Carney went on to warn, «On the downside, at present, crypto - assets raise a host of issues around consumer and investor protection, market integrity, money laundering, terrorism financing, tax evasion, and the circumvention of capital controls and international sanctions.»

Bound by strict KYC / AML regulations, large banks have regularly and unilaterally closed accounts belonging to Bitcoin companies and individual traders, at times citing fraud and money laundering.

Some of the charges related to his role in running Liberty Reserve and its money laundering — at least $ 6 billion.

Most of the restrictions and regulations imposed by this broker on the deposits and withdrawals into and out of its accounts are specifically aimed at making the broker compliant with the anti-terrorism and anti- money laundering legislation.

Financial crime fighters at the U.S. Treasury are «aggressively» pursuing virtual currency platforms that lack strong internal safeguards against money laundering, a top official told a Senate panel on Wednesday.

The company follows Anti Money Laundering and knows your Customer procedures at the time of registration of borrowers and lenders on the platform to offer best banking practices.

It is important to note, however, that the overall number of suspected money - laundering cases in Japan in 2017 currently stands at 400,043 — which means cryptocurrency cases reported during those 9 months only accounts for less than 0.17 percent of all suspected money - laundering cases.

Some of the stolen cryptocurrency from Coincheck Inc. is likely to have been converted into other digital currencies in a possible attempt at money laundering