Sentences with phrase «of all money laundering»

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

Latvia has agreed to dramatically cut bank deposits from foreigners — often from Russia and other ex-Soviet states — amid allegations of money laundering, the FT reports.

«Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small,» the former chief economist of the International Monetary Fund (IMF) said.

Freeman said the risk of money laundering «is far greater in the vast, unregulated, illegal sports betting market than in the highly regulated, legal gaming industry.

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.

I believe that the mainstream media, when discussing bitcoin and the risk of money laundering activities associated with it, fails to consider or comment on the hypocrisy issue discussed above.

Fear of money laundering was one of the reasons given for the ban, however, in typical fashion, no hard facts were presented to back up the claims.

The European Parliament recently published a report detailing directives to prevent the use of the financial system for the purposes of money laundering or terrorist financing.

Mark Branson, chief executive of the Swiss financial regulator FINMA, said on April 7 that it is dealing with a number of money laundering cases that look like «blatant and massive corruption», citing controversies around Brazil's Petrobras and 1MDB as two prominent examples.

For instance, if there is no anonymity in virtual currency transactions, the chances of money laundering, terror financing and volatility reduce.

Legitimate businesses need to be concerned with the possibility of money laundering, as it can present a major risk to the company, both... Read more»

THE GLOBE AND MAIL, Toronto: Public Inquiry May Be Needed Into Role of Money Laundering in High BC Housing Prices

Once Levy was a Madoff client, the relationship included classic, unchecked evidence of money laundering for years and years that should have resulted in legally - mandated Suspicious Activity Reports (SARs) filed with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).

Quite naturally, the possibilities of money laundering reduce to a great extent.

That can help reduce instances of money laundering and facilitate cross-border payments.

With the rise in cybercrime, scams and Ponzi websites, and a number of money laundering cases emerging - Gates is reconsidering his older statements.

Nevertheless, such requests are designed to ensure the trading platform is a secure and safe environment, and one that is free from the use of stolen credit cards plus chances of money laundering.

That framework would help move towards greater transparency of cryptocurrency exchange operations, as well as assuage government fears of money laundering, tax evasion, and other similar issues.

Although bank wire transfer is allowed, it is best to avoid using it because of the money laundering concerns associated with it and its subsequent high fees.

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

Rome, Italy (CNN)- Italian authorities are investigating the Vatican Bank over possible violations of money laundering regulations, the Bank of Italy told CNN Tuesday.

The Ohio building, which covers 25,000 square feet, was donated to Living Word Sanctuary Church after its previous owner was convicted of money laundering.

The Vatican froze more than $ 2 million worth of assets amid accusations of money laundering within the... More

A Vietnamese restaurant owner with a good reputation in his community was convicted of money laundering and, after his sentence, was detained for deportation.

Art Schlichter, NFL quarterback Has spent four of the past six years in prison on various charges; currently in Marion County Jail, Indianapolis, awaiting trial on federal charges of money laundering.

Birmingham owner Carson Yeung has had his assets frozen by the Hong Kong courts after he was charged with five counts of money laundering — which he denies.

Mohammed ordered his remand shortly after The Economic and Financial Crimes Commission arraigned Fintiri on a five - count charge of money laundering and fraud.

If and when we see the special counsels report it's certain to contain evidence of money laundering and campaign finance violations from the Rump casinos and the GOP.

The offence is punishable under Section 15, Subsection 3 of the Money Laundering (Prohibition) Act as amended in 2012.

One of the counts reads: «That you, Mrs. Diezani Allison Madueke (still at large) and Tijani Inda Bashir on or about the 27th day of March, 2015 in Nigeria within the jurisdiction of this Honourable Court directly took possession of the sum of N264, 880,000.00 (Two Hundred and Sixty - four Million, Eight Hundred and Eighty Thousand Naira) which sum you reasonably ought to have known forms part of the proceeds of an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition)(Amendment) Act, 2012 and punishable under Section 15 (3) of the same Act.»

While Nwaoboshi was dragged to court by the Economic and Financial Crimes Commission over alleged money laundering and conspiracy, two counts of money laundering and conspiracy before Mohammed Idris, a judge of the Lagos Division of the Federal High Court.

FG specifically alleged that he acted in breach of extant provisions of the Money Laundering Act, the EFCC Act and the Public Procurement Act, for receiving huge sums of money from the office of the NSA, for unsubstantiated purpose.

However Hopeson Adorye rubbished Allotey's threat describing it as empty and insisted that Allotey Jacobs was momentarily arrested and questioned over a case of money laundering Sunday while boarding a flight to the UK.

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.

The Economic and Financial Crimes Commission, EFCC has on Tuesday arraigned a former Director - General of the National Broadcasting Commission, NBC, Emeka Mba alongside three others before Justice Gabriel Kolawole of the Federal High Court sitting in Maitama, Abuja on a 15 - count charge of money laundering and procurement fraud to the tune of N2.8 billion.

Justice Dimgba gave the order shortly after the Economic and Financial Crimes Commission re-arraigned Turaki and three companies on 32 counts of money laundering offences involving about N37bn.

He told the tribunal the deposit and swift transfer offshore was a «classic» warning sign of money laundering.

In his witness statement to a tribunal hearing, Mark Arthur, a British - Ghanaian who lost his job as result of the money laundering case, claimed that the Otumfuo invited him to his multimillion - pound sterling residence in Henley - on - Thames and handed him a bag containing almost # 200,000 as well as $ 200,000 with consecutive serial numbers.

In the letter read by Saraki, during plenary, Buhari informed that the first bill provides for the repeal of Money Laundering (Prohibition) Act 2011 as amended in 2012.

«Since the transfer of the money from the Mayor to the Independence Party was the larceny, the evidence also proved defendants» guilt of money laundering, based on the transfer of the proceeds of the larceny from the Independence Party to the shell corporation.»

He explained that the bill would «make comprehensive provisions to prohibit the laundering of criminal activities, expand the scope of money laundering, and provide protection for employees of various institutions, bodies and professions who may discover money laundering».

The Swiss prosecutors» office announced it conducted the raids on Friday «as part of the criminal proceedings being conducted against persons unknown on suspicion of money laundering».

The offences were said to be contrary to and punishable under various provisions of the Money Laundering (Prohibition) Act, 2011, and the Advance Fee Fraud and Other Related Offences Act.

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.

The offence, the EFCC said was punishable under Section 15 (3) of the Money Laundering (Prohibition) Act 2011.

The Federal Government which preferred that charge said that Ngwuta contravened Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2012 (as amended).

The offences, according to the EFCC, contravene the provisions of Section 15, 15 (3), 16, 16 (2) 18 (a) and 18 (d) of the Money Laundering (Prohibitions)(Amendment) Act, 2012.

And when that change devolved into a charge of money laundering, it appears to have backfired.

Strong black voter support for Spitzer — who resigned as governor amid a federal probe of money laundering and prostitution and who once used the State Police to smear a political foe — has mystified many New York Democrats, although Wright said he wasn't surprised.

They were re-arraigned on 37 counts of money laundering allegedly perpetrated while Nyako was governor of Adamawa State.