Sentences with phrase «of potential money laundering»

The National Association of REALTORS ® (NAR) collaborated with the U.S. Department of Treasury to develop voluntary guidelines to increase real estate professionals» awareness of the potential money laundering risks surrounding real estate transactions.

An example of potential money laundering is if a user withdraws more than $ 10,000 every day.

A meeting with HSBC personnel at the firm's office in Jersey revealed that the bank feared Global Advisors» account was at risk of potential money laundering.

Taking the opposite position from Denmark, the Eastern European nation of Bulgaria announced this week that bitcoin trading would be subject to ordinary income and corporate income tax rates, but did not issue regulations requiring gains to be documented or reported, raising the issue of potential money laundering through digital currencies.

FCMs and IBs need to be aware of potential money laundering abuses that could occur in a customer account and implement a compliance program to, among other things, deter, detect and report potentially suspicious activity.

Not exact matches

IMF Managing Director Christine Lagarde highlighted cryptocurrency's potential as a vehicle for money laundering and the financing of terrorism.

Even disclosures about potential violations of gaming license and concession rules in Las Vegas, Massachusetts, and Macau are more focused on things like illegal gambling, money laundering, and debt collection rather than sexual misconduct.

The Bank of Indonesia is concerned about the potential role of the crypto currency in money laundering and terrorist financing, suggesting that citizens...

Its association with crime — namely money laundering and narcotics through the online black market Silk Road — as well as an alarming amount of price volatility has left regulators and financial - market participants wary of its potential implications, and therefore reluctant to embrace it wholesale thus far.

Fed Chairwoman Janet Yellen has also voiced concerns about the potential for money laundering, while the bank has remained muted about the possibility of issuing its own «Fedcoin».

The report said the effort comes as part of the Chinese government's efforts to prevent potential money laundering, pyramid schemes and investment fraud from platforms accessible to Chinese investors.

The panel was formed by APRA in the wake of allegations by AUSTRAC that it had breached money laundering reporting obligations by failing to prevent potential money laundering and terrorism financing.

At one point, JCOPE Chairwoman Janet DiFiore attempted to cut Batra off, telling the person testifying that he did not have to answer Batra's question, which was about potential money laundering of campaign contributions through 5014cs.

«One of the people familiar with progress on the case said both Mueller's and Schneiderman's teams have collected evidence on financial crimes, including potential money laundering.»

At one point, JCOPE Chair Janet DiFiore attempted to cut Batra off, telling the person testifying that he di not have to answer Batra's question, which was about potential money laundering of campaign contributions through 501 4 C's.

At one point, JCOPE Chair Janet DiFiore attempted to cut Batra off, telling the person testifying that he did not have to answer Batra's question, which was about potential money laundering of campaign contributions through 501 4 C's.

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While the proposal in the Conservative Manifesto to merge the Serious Fraud Office into the NCA may work well in this particular area of investigation — given that much of our money laundering investigations are police and intelligence driven in any event and so sit well within the NCA, the real problem with that proposal remains one of potential conflicts of interest.

He can be expected to present a real - world vision of a technology which has the potential to remove intermediaries from the conveyancing process — but also to protect lawyers in areas such as money laundering compliance.

In addition, members of Chambers regularly advise potential defendants, companies and their directors globally across several jurisdictions in relation to pre-charge tactical strategic options; internal whistle - blowing inquiries; money - laundering investigations; anti-bribery system requirements; CMA investigations and prosecutions; civil settlement negotiations; and DOJ investigations.

The Law Society and the Society of Trusts and Estate Practitioners have recently expressed concerns about ambiguity of wording and potential over-regulation of trusts in relation to money laundering.

The practice's recent representations include: (i) CONMEBOL in connection with U.S. criminal investigations and prosecutions into allegations of bribery and corruption in the international soccer world; (ii) the Special Committee of Banco BTG Pactual S.A. («BTG Pactual») in an internal investigation of alleged corruption involving its former CEO and other bank executives, in which we found no basis to support the allegations against the Bank and its employees; (iii) two of the largest construction companies in Brazil in potential civil and criminal investigations and litigation involving the Petrobras bribery scandal (Lava Jato), the largest corruption scandal in Latin American history, involving allegations of over $ 2.5 billion in bribes and kickbacks; (iv) the Government of Brazil in a corruption matter involving former senior government officials and multiple jurisdictions; (v) the General Manager of one of the largest energy companies in Central America in connection with allegations of bribery in Guatemala; (vi) a Mexican high - ranking executive for Wal - Mart Stores, Inc. in connection with DOJ and SEC FCPA investigations against Wal - Mart; (vii) a large Argentinean oil company and its owner, one of Argentina's wealthiest individuals, in connection with high - profile DOJ and SEC investigations involving alleged FCPA violations to secure an extension of oil rights in an Argentinean oilfield; (viii) the United State's largest chemical and industrial products companies in an internal investigation of alleged corruption involving its Mexican subsidiary; (ix) the Rosenthal family, one of the most prominent families in Central America, in a number of related criminal matters; and (x) a senior executive of one of Venezuela's largest engineering companies in DOJ investigations into corruption and money laundering involving PdVSA.

In fact, this summer, «a finance ministry panel also reportedly recommended that virtual currencies should be banned in the country because of their potential misuse for money laundering and fraud,» he wrote.

Back in October of last year, Taiwan central bank governor Perng Fai - nan supported regulating cryptocurrency, stating that Bitcoin trading should be added into Taiwan's notification system for money laundering prevention law in a potential move similar to Japan that would legitimize cryptocurrency in the country.

The report said the effort comes as part of the Chinese government's efforts to prevent potential money laundering, pyramid schemes and investment fraud from platforms accessible to Chinese investors.

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.

However, they don't fear it because of the potential for money laundering, terrorist financing, or harm to unsuspecting consumers.

Pakistan's Federal Board of Revenue has begun investigating potential tax evasion and money laundering by bitcoin traders.

Singapore doesn't plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country's central bank said.

The press release of RBI acknowledged the potential of Blockchain in improving the efficiency of the financial system, however, it simultaneously pointed out the risks involved with cryptocurrencies such as consumer protection, market integrity and money laundering.

Other reasons investors could be feeling the FUD include a blog post from the IMF that called on government regulators to implement new rules around cryptocurrencies due to their potential as a «major new vehicle for money laundering and the financing of terrorism.»

For potential «tax - evasion» and money laundering activities under the guise of Bitcoin trading.

But this decentralized nature makes them dangerous, she said, as potential major, new vehicles for money laundering and the financing of terrorism.

Labeling the three cryptocurrencies «a big security risk» due to their money laundering potential, Coincheck will remove them from its trading platform in spite of them having large market capitalizations.

The U.S. Department of Treasury is ramping up its enforcement against the potential for money laundering and criminal financing through cryptocurrencies.

The issues for Bitcoin price began yesterday, as the heads of nine Bitcoin exchanges in China were met with by PBoC regulators over issues related to money laundering and other potential issues.

In a broad show of support for increased scrutiny of foreign real estate buyers in the United States, 17 nonprofit organizations on Tuesday urged the Treasury Department to require that the real estate industry verify the identities of buyers and screen them for potential money - laundering risk.

«Vancouver real estate is obviously at very high risk for being used as a transfer and holding vehicle for laundered money,» said Zitting, adding that the results of FINTRAC's compliance review «really is quite scary, both for the stability of the housing market and the potential to support and propagate issues of organized crime.»