Sentences with phrase «of money laundering under»

Advising and acting for solicitors in court proceedings (alongside SRA referral) arising out of alleged breaches by the solicitor of the Money Laundering under the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007.

There are far more serious criminal offences of money laundering under the Proceeds of Crime Act 2002, which criminalise all dealings with the proceeds of tax evasion.

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.

Not exact matches

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.

Otto de Voogd, the site's operator, told ERR News that he had received e-mails in which the Estonian Financial Intelligence Unit requested, under the Money Laundering and Terrorist Financing Prevention Act, «copies of IDs of clients, internal measures or procedure of due diligence,» and evidence btc.ee was registered as a trader of currencies.

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.

Manafort, 68, and Gates, 45, remain under home confinement on pledges to pay $ 10 million and $ 5 million, respectively, if they fail to return to court after pleading not guilty Oct. 30 to charges of conspiracy, money laundering and making false lobbyist registration statements in connection with their work advising a Russia - friendly political party in Ukraine.

To the extent that the activities of the Trust cause it to be deemed a «money transmitter» under the regulations promulgated by FinCEN under the authority of the US Bank Secrecy Act, the Trust may be required to comply with FinCEN regulations, including those that would mandate the Trust to implement anti-money laundering programs, make certain reports to FinCEN and maintain certain records.

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 under oath they should also question the Rump about his sexual harassment allegations (all fifteen of them) and his money laundering.

Osborne sent a letter in 2012 to Ben Bernanke, the chairman of the U.S. Federal Reserve, in an attempt to help HSBC's leadership avoid criminal charges over the bank's involvement in laundering drug money and in channelling money to countries under economic sanctions.

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.

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

The offences are contrary to Section 18, 16 (2) 16 (1) of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 15 (3) of the same Act.

He was one of the leaders who shut down the Senate for nearly four months when they couldn't pass a budget on time... and cut a deal putting Pedro Espada in charge, who's under investigation for tax fraud and money laundering.»

The said offence which contravenes Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investments Limited on or about the 24th November, 2014 in Abuja, did retain the sum of N400m on behalf of the Peoples Democratic Party of its campaign activities by concealing the said sum in your account with Diamond Bank Plc, when you reasonably ought to have known that such fund formed part of the proceeds of an unlawful activity of Col. Sambo Dasuki (Rtd), the then National Security Adviser, (to wit: criminal breach of trust and corruption), and you thereby committed an offence contrary to Section 17 (a) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 17 (b) of the same Act.

Account No. 0040437573 from the account of the Office of the National Security Adviser with the Central Bank of Nigeria without contract award, when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then NSA (To wit: criminal breach of trust and corruption) and thereby committed an offence contrary to section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011, as amended in 2012 and punishable under section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investment Limited on or about the 24th November, 2014 in Abuja converted the sum of N400m paid into the account of Destra Investment Limited with Diamond Bank Plc, Account No: 0040437573 from the account of the office of the National Security Adviser with the Central Bank of Nigeria without contract award when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then National Security Adviser (To Wit: criminal breach of trust and corruption) and thereby committed an offence contrary to Section 15 (2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investments Limited on or about the 2nd Dec. 2014 in Abuja, did make a cash payment through your agent one Nneka Nicole Ararume to one Sie Iyenome of Capital Field Investment, to the tune of $ 1,000,000.00 USD (One Million United States Dollars) only and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 16 (2)(b) of the same Act.

The offence contravenes Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act.

According to the judge, Section 16 (2)(b) of the Money Laundering (Prohibition) Act, under which Nwosu was charged, prescribed a minimum of two years imprisonment or a fine of N10m for anyone convicted under the Act.

The duo were said to have made the transaction without going through any financial institution an act the EFCC claimed was contrary to sections 1 (a) and 16 (d) of the Money Laundering (Prohibition)(Amendment) Act, 2012 and punishable under Section 16 (2)(b) of the same Act.

The EFCC prosecutor, Mr. Rotimi Oyedepo, told the court that the said conspiracy and indirect retention of the N1.5 bn constituted an offence under Section 18 (a) of the Money Laundering (Prohibition)(Amendment) Act, 2012, punishable under Section 15 (3)(4) of the same Act.

They were also accused of violating Section 18 (a) of the Money Laundering (Prohibition)(Amendment) Act 2012 and liable to punishment under Section 15 (3) of the same Act which they all pleaded not guilty to.

The prosecution said the defendants acted contrary to sections 18 (a) and15 (2)(d) of the Money Laundering (Prohibition) Act 2011 and are liable to punishment under Section 15 (3) of the same Act.

In Texas, he is under indictment for money laundering in relation to the funneling of corporate dollars to state legislative elections in 2002.

Greer, now under indictment on fraud and money - laundering charges after being drummed out of the state party, also accused «many within the GOP» of having «racist views.»

I'm reminded of the time former state senator Dick Schermerhorn, under felony federal indictment for mail fraud, money laundering and the like, lost to an unknown undertaker from Port Jervis.

One of the counts reads: «That you Air Chief Marshal Alex S Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and IYALIKAM NIGERIA LIMITED between 28th March and 5th December, 2013 in Abuja within the jurisdiction of this Court, did use an aggregate sum of N878, 362,732.94 (Eight Hundred and Seventy - Eight Million, Three Hundred and Sixty Two Thousand, Seven Hundred and Thirty - Two Naira, Ninety - Four kobo) removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself, when you reasonably ought to have known that the said funds formed part of the proceed of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S Badeh and you thereby committed an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act»

Counsel for the EFCC, Rotimi Oyedepo, said they acted contrary to Section 18 (a) of the Money Laundering (Prohibition) Act, 2012, and were liable to punishment under Section 15 (3) and 4 of the same Act.

The commission said the charges were contrary to section 15 (2d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under section 15 (3) of the same act.

We have obligations under money laundering legislation to check the identity of users of our website and may need to make enquiries and obtain information from you for that purpose.

SEBI has issued guidelines under Prevention of Money Laundering act, 2002 which require all Mutual fund companies to follow KYC process for their customers.

The charges were not really relevant to Trump himself or Trump's election campaign since Paul Manafort and Rick Gates were charged with money laundering, tax evasion, fraud, and failure to disclose and register that they are agents of a foreign principal under the Foreign Agents Registration Act (FARA) for activities on behalf of Ukraine (NOT Russia) between the years 2006 until 2014.

Under the Prevention of Money Laundering Act (PMLA), Know Your Customer (KYC) norms have been mandated to track the legality of funds used in an investment.

The DDAL is recognized by the IRS as a lobbying organization under the provisions of the U.S. Tax Code, and it too «launders» money.

(Macedo had already served time in prison and is currently under investigation for money laundering, illegal importations, abuse of power and religious discrimination.)

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.

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.

Nichola Peters advises on corruption, money laundering and fraud cases under investigation by a number of UK regulators.

In a case brought by the Solicitors Regulation Authority (SRA), the partners of Clyde and Co solicitors admitted they allowed a client account to be used as a banking facility, acting against SRA accounting rules and in breach of existing obligations under the then - current money laundering regulations (2007).

Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin, all of who are based in London, admitted that they had allowed the firm's client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regulations 2007.

Our expertise includes cases dealing with investment fraud, Insider trading, Money Laundering, Pension fraud, Mortgage fraud, Bribery, commodities and currency frauds, Tax and VAT fraud, Duty fraud, False accounting, Fraudulent trading, Advance fee fraud, Corruption, Insolvency, Cartels, Missing Trader Intra-Community («MTIC») and carousel fraud, Boiler room fraud, Credit card fraud, Financial Regulatory Offences, Confiscation Orders, forfeiture and seizure of assets under the Proceeds of Crime Act or Drug Trafficking Act, police raids, Corporate Manslaughter, Disciplinary Tribunals, confiscation and forfeiture and Financial Regulatory Offences.

Tuckers Solicitors specialist lawyers have vast experience and knowledge in the investigation and defence of money laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the Fraudmoney laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the FraudMoney Laundering Regulations 2003 and the Laundering Regulations 2003 and the Fraud Act.

However, not everyone is sympathetic to this time - honoured right, with Transparency International complaining that the Serious Crime Bill «doesn't stop lawyers looking the other way to money laundering under the protection of legal professional privilege».

Julian Dixon, CEO of Fortytwo Data, commented: «These figures are a wake - up call to the legal industry but I'm sure money laundering is vastly under - reported due to the nature of organised crime.

Retained at sentencing phase and obtained a 20 - level downward departure under federal sentencing guidelines (from a substantial sentence of incarceration to a 60 - day sentence at a halfway house and probation) for an individual who pled guilty to federal money - laundering conspiracy for misuse of U.S. Department of Agriculture Rural Utility Service funds.