Sentences with phrase «of illicit payments»

Implications for Companies around the World The FCPA has three broad implications for US companies as well as any other public company listed on the NYSE: - Its anti-bribery provisions outlaw the making of illicit payments to foreign officials for commercial benefit.

Not exact matches

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

Adidas's reputation in the U.S. has already been bruised by an investigation into allegations that one of its former executives helped to facilitate illicit payments to basketball players to steer them to universities partnering with the brand.

Critics point out that the digital currency's lack of ties to any bank or government, allowing users to spend money anonymously, can facilitate illicit payments.

Recorded Future analyzed 150 message boards, marketplaces and illicit services on the Dark Web and determined that 30 percent of these vendors currently accept Litecoin as an alternative payment system.

According to the guardian, the player «was more interested in attending the University of Kansas, but Guardian - 1 would need to repay the illicit payments in order to do so.»

A federal jury found Joe Percoco, Gov. Andrew Cuomo's former top aide, guilty in March 2018 of taking more than $ 300,000 in illicit payments in exchange for official favors doled out to COR Development in

A federal jury found Joe Percoco, Gov. Andrew Cuomo's former top aide, guilty in March 2018 of taking more than $ 300,000 in illicit payments in exchange for official favors doled out to COR Development in Syracuse and Competitive Power Ventures, which has been developing a controversial gas - fired power plant in Orange County.

Mr. Silver, 71, is accused of abusing his office to obtain nearly $ 4 million in illicit payments through two law firms, while saying the income had come from bona fide legal work.

The governor stated that while the apex bank and banking operators had made efforts to reduce the incidents of fraud and ensure consumer confidence in the payment system, the Cybercrime Act, if effectively enforced, would serve as a deterrent and constant reminder to those who might wish to engage in illicit activities targeting the financial technology infrastructure.

Mr. Silver was convicted on charges that he had obtained nearly $ 4 million in illicit payments in return for taking a series of official actions that benefited others.

Coffey also suggested that Howe and Percoco's use of «ziti» as a euphemism for the allegedly illicit payments — a term that Percoco picked up from the HBO crime drama «The Sopranos,» according to Howe — could have referred to the campaign contributions the men sought to benefit Cuomo's re-election efforts.

Silver, charged with five federal counts of theft of honest services, mail fraud, wire fraud, and extortion for improperly using his public position to obtain nearly $ 4 million in illicit payments, and Skelos, charged with six federal counts of conspiracy, extortion, wire fraud, and soliciting bribes in connection with exploiting his public position in order to secure a lucrative no - show job for his son, have both declared their innocence, with Silver's legal team attempting to paint its client's dealing as par for the course in Albany.

He was convicted of a felony for taking the illicit payments in return for taking a series of official actions that benefited others.

Design, specification and construction of schools, to statutory regulations and codes, is compromised by illicit institutionalised depletion of funds designated as payment.

OFAC will use sanctions in the fight against criminal and other malicious actors abusing digital currencies and emerging payment systems as a complement to existing tools, including diplomatic outreach and law enforcement authorities — To strengthen our efforts to combat the illicit use of digital currency transactions under our existing authorities, OFAC may include as identifiers on the SDN List specific digital currency addresses associated with blocked persons.

News Despite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many.

Despite the continued diversification of cryptocurrencies used for illicit payments, the researchers expect Bitcoin will «remain one of the main payment instruments, albeit with a significantly smaller market share.»

«We know that a range of virtual currencies including bitcoin are used as payment methods to facilitate illicit trade on the darknet.