Sentences with phrase «of money laundering law»

According to the affidavit, the former first lady opened the accounts following the advice by a former Chairman of the EFCC, Ibrahim Lamorde, on how she could pay for her treatment abroad without having to move huge cash around in violation of money laundering laws.

Not exact matches

Their top targets include a Senate bill that would include digital currency in an update of money - laundering laws, requiring more entities to police potentially illicit transactions.

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.»

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

Because of legislation such as the Bank Secrecy Act, signed into law in 1970, and the Patriot Act, which was made law in 2001, those institutions must maintain strict compliance programs to monitor for signs of money laundering, terrorist financing, and other criminal acts, and they are obligated to report suspicious activities to authorities.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan.

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

He suggested that there would be a violation of campaign finance laws if Trump and Cohen structured the payment «in a way to avoid detection or in an effort to make it appear to be something that it was not, namely, a retainer payment as opposed to $ 130,000 reimbursement, that may involve money laundering depending on how it was handled.»

As per reports, the country's Justice Department has already started discussing ways to bring bitcoin under its AML Laws so as to bring forth more transparency with crypto dealings and reduce the chances of it being used for money laundering.

In the same month, the Austrian Minister of Finance proposed the imposition of laws relating to financial derivatives on crypto currency to prevent money laundering using the digital currency.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

AUSTRAC will up the ante in its case against the Commonwealth Bank of Australia, with the transactions regulator expecting to file fresh allegations on Thursday that it breached the law 100 additional times while facilitating banking by criminal syndicates involved in money laundering and terrorist financing.

If someone is guilty of a crime in this litany of «neithers» they should or should have been penalized as the law dictates to include jail terms for pedophiliacs (priests, rabbis, evangelicals, boy scout leaders, married men / women), divorce for adultery (Clinton, Kennedy, Woods), jail terms for obstruction of justice) Clinton, Cardinal Law), jail for embellizing / money laundering (the topic rabbi) and the death penalty or life in prison for murder («Kings David and Henry VIIlaw dictates to include jail terms for pedophiliacs (priests, rabbis, evangelicals, boy scout leaders, married men / women), divorce for adultery (Clinton, Kennedy, Woods), jail terms for obstruction of justice) Clinton, Cardinal Law), jail for embellizing / money laundering (the topic rabbi) and the death penalty or life in prison for murder («Kings David and Henry VIILaw), jail for embellizing / money laundering (the topic rabbi) and the death penalty or life in prison for murder («Kings David and Henry VIII).

The second charge accused Suiming Electricals of aiding the senator and Golden Touch Construction Projects Ltd to commit money laundering acts contrary to the laws of the land.

Justice Gabriel Kolawole of the Federal High Court, Abuja has turned down ruling in the bail application filed by embattled former chairman of DAAR Communications, Chief Raymond Dokpesi who is currently facing trial bordering on six count charges of violation of Public Procurement laws and money laundering as slammed on him by the Federal Government.

The witness told Justice Adeniyi Ademola that some money was found in Dasuki's house but that he would not know whether the defendant committed money laundering offence or not because he does not know the definition of money laundering under the law.

Legislators change campaign finance laws so they can legally launder money between sources, while retaining all of the rules and regulations that make their funding sources appear innocent.

Mr. Espada, whose long - running battles with prosecutors and election officials are the stuff of political legend, also faces criminal investigations by federal prosecutors into possible money laundering and by the Bronx district attorney, who is looking into whether Mr. Espada actually lives in his Bronx Senate district, as required by law.

«We need to bolster our money laundering laws, move aggressively against straw donors and unmask the identity of those groups or individuals who want to operate in the shadows.

in order to prevent fraud, cheating and money laundering we may disclose User Information and betting and gaming history to third parties including, but not limited to, any relevant regulator, gaming and sporting bodies, financial institutions and law enforcement agencies or any other body that deals with the investigation of alleged offences.

USA Patriot Act Customer Identification Program Notification: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities.

Franklin Templeton is firmly committed to international efforts to combat money laundering and the funding of terrorist and criminal activities, and as such it makes every effort to remain in full compliance with all applicable anti — money laundering («AML») and anti — terrorist financing («ATF») laws, rules and standards adopted in the jurisdictions in which it does business.

Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Street Capital collects personal information from you, from your interactions with us and from other sources in order to make credit decisions about potential customers, to confirm identity and to prevent fraud, money laundering and other criminal activity, to understand customer needs, to determine suitability or eligibility of products and services, comply with applicable laws, collect on outstanding debt as well as to administer or service our products and services.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity who opens an Account.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub.

To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individual or business) who opens an account.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Protestors equated the acts to money laundering, as to obscure the actual source of the animal and stay within the law.

Under the UK's anti-money laundering laws banks are required to check their customers» identity and their source of funds to ensure that the money they handle is clean, and the Financial Services Authority is meant to ensure that banks are doing this.

Part of the law IIRC is the money laundering statures, which have swept up small cash businesses who MUST deposit their cash frequently for safety reasons, and get it taken for «structuring».

This week, the Supreme Court of Canada will hear five appeals including a number of significant cases that will determine the rights of the Crown to «take up» Aboriginal lands under treaty; the right of public - sector workers in Saskatchewan to strike; and the extent of solicitor - client privilege as it pertains to money laundering laws.

Solicitor - client privilege: The Federation of Law Societies of Canada petitioned the British Columbia Supreme Court for a declaration that certain provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act are unconstitutional in that they infringe on solicitor - client privilege and undermine the independence of the bar granted under the Charter.

White collar crime is a generic term for crimes involving antitrust violations, computer / internet fraud, credit card fraud, phone / telemarketing fraud, bankruptcy fraud, health care fraud, environmental law violations, insurance fraud, mail fraud, government fraud, tax evasion, financial fraud, securities fraud, insider trading, bribery, kickbacks, counterfeiting, public corruption, money laundering, embezzlement, economic espionage, and trade secret theft, and other forms of dishonest business schemes.

«The solicitor's obligations to the court and to uphold the rule of law by adhering to the money - laundering and counter-terrorist financing legislation, as well as our own accounts rules, can be discharged without impacting on privilege,» he says.

However, some of its members, such as Herman Van Ommen, president of the Law Society of British Columbia, believe only transactions involving physical cash qualify as money laundering.

In Nova Scotia, the law society is vigilant about the rules to prevent money laundering, says Darrel Pink, executive director of the Nova Scotia Barristers» Society.

Silver, 71, was convicted on federal charges of theft of honest services, extortion and money laundering, report the New York Law Journal (sub.

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.

A Harvard Law School graduate, a US lawyer and an English barrister, she has an impressive CV which includes the following: Assistant US Attorney Special Assistant Fraud Section, US Department of Justice (1989 - 1995); general counsel at the FBI (1996 - 2000), pupil barrister at 9 - 12 Bell Yard Chambers (2002 - 3) and Money Laundering Reporting Officer at Goldman Sachs (2003 - 6).

In Federation of Law Societies of Canada v. Canada 2011 BCSC 1270, Madam Justice Gerow found that federal money laundering laws violate section 7 of the Charter to the extent that they apply to legal counsel and law firLaw Societies of Canada v. Canada 2011 BCSC 1270, Madam Justice Gerow found that federal money laundering laws violate section 7 of the Charter to the extent that they apply to legal counsel and law firlaw firms.

«These teams receive intelligence from law enforcement, banks and other regulators, as well as reports from those we regulate about activity that might give rise to money - laundering and terrorist - financing concerns and the effectiveness of practice within firms.

Paul Philip, SRA chief executive, said: «The credibility of law firms makes them an obvious target for criminals wishing to launder money.

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.

«Law societies have been at the forefront of the fight against money laundering for more than 15 years, putting in place a regime that prohibits members of the legal profession from accepting cash from clients and requires them to comply with strict know - your - client rules.

A risk management support network for law firms has been set up by the current chair of the Law Society's Money Laundering Taskforlaw firms has been set up by the current chair of the Law Society's Money Laundering TaskforLaw Society's Money Laundering Taskforce.

It has to be said that the law enforcement response to the lower (in value per transaction) «cash end» of money laundering has been relatively good.

This is in part due to the globalisation of criminal law brought about by an increase in the number of international terrorism, money laundering and corruption cases.