Sentences with phrase «money laundering by»

Why is the government forcing it upon the Real Estate industry to police money laundering by the criminal element.

Police in Kenya arrest three Bitcoin traders on charges of money laundering by using stolen money to purchase cryptocurrency.

Pakistan's Federal Board of Revenue has begun investigating potential tax evasion and money laundering by bitcoin traders.

A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency.

FinCEN combats money laundering by investigating suspicious account transactions reported by financial institutions.

According to study backed by the Japanese government, there might soon be further adoption of ICO thanks to a layout of rules and guidelines that will help identify ICO investors, protect them from fraudulent ICOs and ultimately prevent money laundering by tracking ICO projects.

The court confirmed that a general suspicion of money laundering by the bank in connection with its client did not render the bank dishonest, and this was enough to defeat the claim.

Law societies, though, say they are taking the steps necessary to prevent and police any potential money laundering by their members.

Never ever EVER has any government entity been told to «track money laundering by watching credit card transactions».

Books of gibberish are listed on Amazon.com for thousands of dollars, with one author claiming his name was used to send almost $ 24,000 to a fraudulent seller «Worthless» books priced at up to thousands, of dollars on Amazon.com and which contain only nonsensical text have been identified as possible vehicles for money laundering by an author whose name was, he says, used to send almost $ 24,000 (# 17,200) to an unknown and fraudulent seller.

NEW YORK — The top executive of a New York City - based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $ 1 million in Bitcoins to users of the black market website Silk Road, authorities said Monday.

Several other persons under investigation for money laundering by the anti-graft agency were discovered to have made payments into the company's account including a hotelier in Central Area, Abuja, who has been invited for questioning.

November 30: The former New York Assembly Speaker Sheldon Silver was convicted of seven counts of fraud, extortion and money laundering by a federal jury.

«As such,» (a) requirement that the government trace each dollar of the transaction to the criminal, as opposed to the non ‐ criminal activity, would allow individuals effectively to defeat prosecution for money laundering by simply commingling legitimate funds with criminal proceeds.»»

Updated, 12:40 p.m. John F. Haggerty Jr., a Republican political consultant accused of stealing $ 1.1 million from Mayor Michael R. Bloomberg during Mr. Bloomberg's 2009 re-election campaign, was found guilty of second - degree grand larceny and second - degree money laundering by a jury in Manhattan on Friday morning.

He said, «We find it demeaning, insulting and outrageous that our senator acted as an escort and body guard to the wife of the Senate President when she was arraigned in court on charges of money laundering by the Economic and Financial Crimes Commission.

He may have committed fraud and money laundering by using shell companies to buy property, including a Trump Tower apartment.

He opposed Mrs. Jonathan's application, claiming that he was a member of the Special Task Force «investigating alleged amounts of money laundered by the former first lady into various accounts and properties purchased which are disproportionate to her known source of income.»

Not exact matches

Fraudsters often target ecommerce services to «launder» money by using stolen credit card details to purchase both physical and digital goods.

Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his watch.

That investigation was a routine piece of compliance after Trump became what banks» internal money - laundering police call a «politically exposed person,» or PEP, by announcing his run for the presidency.

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.

September 14 - The Sunday Times reports the UK Serious Fraud Office is looking into evidence surrounding allegations of possible money laundering and financial fraud, brought against 1MDB by the UK - based Sarawak Report.

Both the Chinese and US governments have made it clear that they fear casinos are used by international criminals to launder money.

The Trump Taj Mahal casino in Atlantic City, New Jersey, was repeatedly cited by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, for having inadequate money - laundering controls.

The Treasury was required to assess North Korea's status as a money laundering jurisdiction under the «North Korea Sanctions and Policy Enhancement Act,» passed nearly unanimously by the U.S. Congress in February.

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

Olson supported his conclusions by raising the case of the powerful Rosenthal family and their money laundering network in Honduras, which the Treasury Department sanctioned in 2015.

ABUJA, March 7 - Nigeria's parliament passed legislation on Wednesday meant to help authorities tackle money laundering and funding for terrorism by allowing its financial intelligence unit to operate free of state control.

He qualified his optimism by cautioning that the «use of cryptocurrencies also carries serious risks,» including money laundering, tax evasion, the financing of terrorism, and fraudulent schemes targeting laypeople.

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

(c) Banks are apprehensive about boarding bitcoin entities over concerns related to money laundering activities which could be carried out by their newly boarded digital currency clients.

APRA commissioned the report last year, after CBA was sued by Australia's financial intelligence agency for breaches of money - laundering laws.

«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.

However, the crypto industry is growing stronger than ever and despite the old stigma that bitcoin is only used by cyber criminals and for money laundering, the industry is still booming in the country.

By doing this they hope to advance in the fight against money laundering.

«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.»

The paramount crime issue in the source zone is the production of illicit narcotics, followed by money laundering, alien smuggling, illegal weapons trafficking, and human trafficking.

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.

Tabcorp's full year result was hit by $ 200 million of significant items, including hefty costs for its Austrac money laundering case.

Bitcoin, a digital currency that is traded on a peer - to - peer network independent of central control, has engendered a wave of creative criminality - from bitcoin theft by hacking online platforms to potentially using the crypto - currency in money laundering, bribery and buying illicit products.

By failing to do so, Ross was engaging in money laundering.

In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash in [physical gold coin] demand,» that interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short article.

According to recent reports, the launch of the Bitcoin money laundering division by the Europol, as a result of their partnership with the INTERPOL and the Basel Institute of Governance, may actually prove beneficial for the industry.

Virtual currency transactions are vulnerable to money laundering / terror financing risks, thanks to payer and payee anonymity compounded by the lack of an authorized monitoring authority.

The ASIC commissioner reiterated past comments by the organization that the crypto industry needed a «more secure sector» which could sustain public confidence and that he was committed the current collaboration with other domestic and international regulators to combat money laundering and clarify a framework for cryptocurrencies.

The SF / Bay Area market was driven by big foreign money laundering and a massive private equity tech bubble in Palo Alto.

The United States and Japan have each stipulated that digital foreign money exchanges should adjust to Anti-Money Laundering (AML) legal guidelines by implementing Know Your Customer (KYC) protocols.

Money transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the puMoney transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the public.

Professor McQuade said investigators are also likely to explore money - laundering issues, though legal analysts said that, by themselves, Mr Giuliani's comments did not present clear evidence on that front.