Sentences with phrase «of money laundering in»
A Portland, Ore., real estate agent pleaded guilty in federal court to one count of money laundering in a real estate transaction.
http://realtormag.realtor.org/
Last year, we published the Operational Brief: Indicators of money laundering in financial transactions related to real estate to help real estate in identifying and reporting suspicious transactions relating to money laundering or terrorist activity financing.
This resulted in FINTRAC developing the recently released 12 - page operation brief titled Indicators of Money Laundering in Financial Transactions Related to Real Estate (www.fintrac.gc.ca/publications/operation/real-eng.asp), which details 39 indicators that may indicate suspicious activity.
The Advisory provides examples of money laundering in the real estate sector, how shell companies and all - cash purchases may be linked to illicit activity, and ways in which real estate professionals» can voluntarily file suspicious activity reports.
Months later the CEO of BitInstant Charlie Shrem was arrested on charges of money laundering in relation to the controversial dark web service Silk Road, which sold drugs, guns and other illegal items in exchange for bitcoin.
As per the document, the rules involve a number of steps that financial institutions will be required to take to curb the potential misuse of the crypto market and the concurrent risk of money laundering in the space.
Acted (with Justin Fenwick QC) in sealed proceedings giving rise to issues of money laundering in connection with an offshore trust.
The former minister had been convicted of money laundering in France over a separate matter, during the intervening years, in 2007, but his ally, Goodluck Jonathan, was president of Nigeria at the time of the money transfers, putting him in a strong position.
Navin - kumar Aggarwal, who was previously a senior corporate partner at the US firm, pleaded guilty to two counts of fraud and one count of money laundering in the Court of First Instance.
THE GLOBE AND MAIL, Toronto: Public Inquiry May Be Needed Into Role of Money Laundering in High BC Housing Prices
Not exact matches
COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia, following reports this year of money flows from family members of Russian President Vladimir Putin.
TEHRAN, Iran — Iran's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to prevent money laundering and terrorism, a newspaper reported Monday.
The Justice Department's civil case filings say more than $ 700 million was transferred from bank accounts used in the money laundering to the bank account of «Malaysian Official 1.»
Foreigners are coming in and buying up property with anonymous shell companies and some of that is perfectly legitimate but some of it is clearly money laundering and corrupt officials and other people using their cash to park it in property and making it impossible for the people who live there to afford it.
An Iranian newspaper says the country's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to «prevent crimes such as money laundering and terrorism.»
The Wall Street Journal reported last week that Manafort was the subject of a new money - laundering investigation in New York.
«Bitcoin just shows you how much demand for money laundering there is in the world,» the head of the largest asset management firm in the world said Friday.
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.
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.
«Bitcoin just shows you how much demand for money laundering there is in the world,» Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting.
European Commission Vice President Valdis Dombrovskis, pictured above, said at a February roundtable in Brussels that digital assets «present risks relating to money laundering and the financing of illicit activities.»
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.
Mr. Siegal is perhaps best known for his victory in defense of high - profile private equity financier Benjamin Wey against federal criminal and civil securities fraud and money laundering charges.
That strategy has sometimes attracted controversy, most notably in the case of the ill - fated Trump SoHo development, where the project's developers have faced allegations of financing it in part with laundered money.
He notes there are three criminal cases pending against Deguito in Philippine courts that include allegations of anti - money - laundering violations, perjury, and falsification of documents.
For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man.
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.
He explained how his office managed to nail down foreign nationals who engaged in murder and money laundering on American soil with the blessing of their state.
She was convicted of drug conspiracy and money laundering charges — her first offenses — and has been in federal person since 1996.
At the height of its power it sent hundreds of tons of cocaine to the US and laundered billions of dollars in drug money.
On April 15, 2011, a day that would later become known as Black Friday in the online poker community, the Department of Justice shuttered two major online poker giants, PokerStars and Full Tilt Poker, accusing the company founders of fraud, money laundering, and operating a Ponzi scheme.
The Mueller probe has already led to the indictments of several former Trump campaign officials, including onetime campaign chairman Paul Manafort, who is charged with engaging in conspiracy and money laundering.
A lawsuit brought against Sater and others in 2015, which is ongoing, alleges that «for most of its existence it [Bayrock] was substantially and covertly mob - owned and operated,» engaging «in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.»
One of Trump's real - estate advisers in the early 2000s, the Russia - born businessman Felix Sater, was accused nearly two decades ago of being a co-conspirator in a $ 40 million fraud and money laundering scheme involving four Mafia families.
He and Manafort had also been charged in October with 12 counts including conspiracy against the US, conspiracy to launder money, being an unregistered agent of a foreign principal, making false and misleading statements, and failing to file reports of foreign bank and financial accounts.
Jacob «Kobi» Alexander Former CEO Comverse Technology Charges: In 2007, Alexander was indicted on 35 counts of conspiracy, securities fraud and money laundering in connection with backdating stock optionIn 2007, Alexander was indicted on 35 counts of conspiracy, securities fraud and money laundering in connection with backdating stock optionin connection with backdating stock options.
Suleiman Kerimov, who faces money - laundering charges in France for allegedly bringing hundreds of millions of euros into the country without reporting the money to tax authorities.
LONDON — Britain is set to make its overseas tax havens disclose the true owners of companies registered there in a bid to clamp down on tax avoidance and money - laundering.
LONDON (AP)-- Britain is set to make its overseas tax havens disclose the true owners of companies registered there in a bid to clamp down on tax avoidance and money - laundering.
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.
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.
Authorities in Switzerland arrested him in April, accusing him of bribery, fraud and money laundering.
Belfort, who went to prison after pleading guilty to a securities fraud and money laundering in 1999, told the Financial Times that he sees parallels between ICOs and the popular fundraising schemes of the 1980s called «blind pools.»
It came crashing down hard on Friday as a federal judge in Manhattan sentenced Ulbricht to serve the rest of his life in prison, following his earlier conviction on seven charges related to conspiracy, narcotics and money - laundering.
Earlier this week in the British House of Lords, Lord James (a corporate expert at money laundering) stood up and announced that he had been secretly in contact with a mysterious organization he called Foundation X, an organization that has come forward offering to inject billions of dollars into the failing British economy.
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.»
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.
A bill currently in the House of Representatives calls for a report on (and strategy to combat) the use of cryptocurrencies in financing terrorism, laundering money, evading US sanctions, and otherwise threatening American national security.
«Korea Financial Intelligence Unit announced that financial companies are in the process of drawing up a guideline to prevent cryptocurrency - related money laundering, although any specific measures are yet to be confirmed,»
Even as Goldman Sachs is gaining a more prominent profile in the administration of Donald J. Trump, the Wall Street investment firm is undergoing scrutiny in an investigation in a sprawling international money laundering and embezzlement scheme.