Sentences with phrase «money laundering concerns in»

Not exact matches

Chinese regulators have been on the forefront of a global push to rein in the frenzy surrounding cryptocurrencies amid concerns over excessive speculation, money laundering, tax evasion and fraud.

Sources described as «close to» the agency apparently said that the move comes in response to concerns over money laundering and other possible illegal uses of the cryptocurrencies.

«Virtual currencies... raise concerns of consumer protection, market integrity and money laundering, among others,» the RBI said in a statement explaining its decision after its bimonthly monetary policy meeting.

FINMA's guidance is related to legal and security concerns surrounding «provisions on combating money laundering and terrorist financing; banking law provisions; provisions on securities trading; and provisions set out in collective investment scheme legislation.»

Iran's central bank last week prohibited local banks from dealing in cryptocurrencies due to concerns about money - laundering as the country tries to halt a currency crisis ahead of a possible return of crippling sanctions.

In an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as BitcoiIn an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoiin virtual currencies such as Bitcoin.

The Bank of Indonesia is concerned about the potential role of the crypto currency in money laundering and terrorist financing, suggesting that citizens...

This time, Mnuchin has issued a warning that bitcoin has all the makings of the next «Swiss Bank Account,» expressing concerns that are twofold — bitcoin could be treated as an offshore account for money laundering and the rise of the cryptocurrency places consumers in a position to get hurt.

US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a «global financial disaster», a report says.

The bail - out, first requested in June 2012, was delayed partly because of concerns expressed by eurozone states, notably Germany, that its financial sector was opaque, thus aiding money laundering.

Concerns surrounding usage of cryptocurrencies in illegal activities, such as money laundering, are well founded.

Urges all Member States to promptly and correctly transpose into their national legislation all existing EU and international legal instruments concerning organised crime, corruption and money laundering; urges Member States and the Commission to complete the Roadmap on the rights of suspects and accused persons in criminal proceedings, including a directive on pre-trial detention;

In addition to the money - laundering, lifestyle, income tax, etc issues discussed already in other answers, one other matter that might concern the bank is whether that cash you are bringing in to deposit is genuine currency or (some or all of) the bills are counterfeit and you are using this mechanism to get them into circulatioIn addition to the money - laundering, lifestyle, income tax, etc issues discussed already in other answers, one other matter that might concern the bank is whether that cash you are bringing in to deposit is genuine currency or (some or all of) the bills are counterfeit and you are using this mechanism to get them into circulatioin other answers, one other matter that might concern the bank is whether that cash you are bringing in to deposit is genuine currency or (some or all of) the bills are counterfeit and you are using this mechanism to get them into circulatioin to deposit is genuine currency or (some or all of) the bills are counterfeit and you are using this mechanism to get them into circulation.

In light of the Globe and Mail's explosive story revealing how drug money from the fentanyl trade is being laundered through Vancouver real estate with money provided by private mortgage lenders, there are concerns that the issue has been misrepresented

The facts speak for themselves in terms of affordability but what truly concerns us the most is what seems to be a very high incidence of mortgage fraud, tax evasion, and perhaps money laundering in the Canadian housing market.

«Lawyers, they're the biggest problem with money laundering in this country, as far as I'm concerned,» says Marsh, now president of IPSA International.

In the past three years, concerns over money laundering has led the SRA to close down eight firms, with a further 14 closing voluntarily.

In contrast, this pales to the magnitude of concerns I feel about the B.C.SC striking down the money laundering laws that apply to lawyers.

Regulators have placed six law firms in ongoing «disciplinary processes» as a result of «serious concerns» over money laundering uncovered during a review of 50 firms.

Jessica has also appeared as a lead junior in cases concerning murder, kidnap, money laundering and slavery.

The Commission has also clarified that FIUs are given a power in the Directive to request information concerning money laundering or terrorist financing from an obliged entity, even if a Suspicious Transaction Report has not been filed.

Critics are now concerned about the number of properties not registered in the UK and say it's sometimes used as a method to launder money.

We have acted for individuals in internal investigations concerning benchmark rates including LIBOR and EURIBOR, the allegations of manipulation of the FX markets, as well as allegations of corruption, fraud, computer misuse, sanctions breaches and money laundering.

The Law Society and the Society of Trusts and Estate Practitioners have recently expressed concerns about ambiguity of wording and potential over-regulation of trusts in relation to money laundering.

What would you say is the main concern in reforming the processes behind the fight against money - laundering?

The trial judge in Adnan Shaaban Abou - Rahmah found that Mr Faronbi, the bank's local manager in Nigeria, had suspected that Trust International might from time - to - time be engaged in money laundering, and had complied with reporting obligations, but had no suspicions about the particular two transactions concerned.

The country's concern with money laundering is particularly noteworthy — given that reports have suggested that cryptocurrency - utilized money laundering makes up only 0.17 % of all money laundering cases in the country.

«For example, at present concerns in reputation and money laundering remain in bitcoin trading,» the minutes read.

One of the biggest concerns raised has been the likelihood of organized criminals and terror cells using the anonymity offered by the blockchain technology to launder money or transfer funds for use in terror activities.

Money laundering and tax evaders continue to be among the main concerns for any government, especially in the United States, which has already resorted to employing tactics that can be considered extremely invasive into the privacy of its law - abiding citizens.

However, Virtual Currencies (VCs), also variously referred to as cryptocurrencies and crypto assets, are a matter of huge concerns in terms of consumer protection, market integrity and money laundering, just to name a few.

A statement from the Thai SEC obtained by the Bangkok Post reads, «Since this product is under the supervision of a standardised regulatory body, a point of concern, in this case, is not about fraud or money laundering, but rather how this product has high risks.»

In regards to money laundering concerns, previous reports have indicated that reported cryptocurrency - related money laundering cases in Japan number only 669 out of 400,043 — which means cryptocurrency cases reported in 2017 only account for less than 0.17 percent of all suspected money - laundering cases in the countrIn regards to money laundering concerns, previous reports have indicated that reported cryptocurrency - related money laundering cases in Japan number only 669 out of 400,043 — which means cryptocurrency cases reported in 2017 only account for less than 0.17 percent of all suspected money - laundering cases in the countrin Japan number only 669 out of 400,043 — which means cryptocurrency cases reported in 2017 only account for less than 0.17 percent of all suspected money - laundering cases in the countrin 2017 only account for less than 0.17 percent of all suspected money - laundering cases in the countrin the country.

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.

Chinese regulators have been playing a significant role and helped with the push to lead in the frenzy that surrounds cryptocurrency in the midst of concerns over unnecessary speculation, tax evasion, money laundering and fraud.

The Central Bank of Russia has insisted on banning their circulation in the country, quoting concerns over money laundering.

In addition, «Concerns are also growing that bitcoin and other cryptocurrencies are being used for drug dealing and money laundering,» the publication expressed, adding that «It is thought that other banks will shortly follow suit.»

In part, banks say they are concerned about the due diligence cryptocurrency exchanges do on their customers to guard against money laundering, criminal activity and sanctions violations.

The FSRA now notes with concern the issues of cryptocurrencies being used in money laundering and terrorist financing, as well as the risk of cyberattacks.

«Money laundering is a clear and consistent concern that needs to be addressed, which is why we worked with FinCen to develop voluntary guidelines that help real estate professionals identify and act on red flags they see in the marketplace,» said NAR President William E. Brown.

While the illicit financial risk for real estate agents is often mitigated by the involvement of financial institutions already subject to strict anti-money laundering / counter-terrorist financing laws, the use of real estate in money laundering schemes continues to be an area of concern to the government.