Sentences with phrase «of preventing money laundering»

He stressed that financial authorities would not distinguish between cryptocurrencies and fiat currencies for the purpose of preventing money laundering and terrorism financing.

Not exact matches

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.

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.»

Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said.

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.»

Le Maire elaborated about Landau's special task: «This mission will propose reorientations on the evolution of [cryptocurrency, and] regulation to better control development, prevent their use for [the] purposes of tax evasion, money laundering, or financing of criminals or terrorism.»

«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,»

In a speech in January, France's finance minister called for proposals aimed at preventing virtual currency from being used to launder money, evade taxes, and finance terrorism, and asked a former Bank of France deputy governor to investigate cryptocurrencies.

As reported before, one of the two decree drafts specifically eyed regulation on cryptocurrency taxation in an effort to prevent money laundering and tax avoidance.

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.

The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.

Qiu Taisan, Taiwan's Minister of Justice, has demanded a new legal cryptocurrency framework mainly to prevent money laundering.

New rules aimed at preventing the use of the growing crypto - sector for money laundering, tax evasion and other criminal acts.

In the same month, the Austrian Minister of Finance proposed the imposition of laws relating to financial derivatives on crypto currency to prevent money laundering using the digital currency.

«I hope to see features built into cryptocurrencies that prevent money laundering and terrorism financing,» Sopnendu Mohanty of the Monetary Authority of Singapore says to finews.asia.

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.

This is a document aimed prevent and minimize possible risks of any kind of illegal activity, such as money laundering, terrorist financing, drug and human trafficking, etc..

Money transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the puMoney transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the public.

On 5 December 2013, the People's Bank of China announced in a press release regarding bitcoin regulation that whilst individuals in China are permitted to freely trade and exchange bitcoins as a commodity, it is prohibited for Chinese financial banks to operate using bitcoins or for bitcoins to be used as legal tender currency, and that entities dealing with bitcoins must track and report suspicious activity to prevent money laundering.

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.

The European Parliament and the Council of the European Union have proposed amending a directive on preventing money laundering and terrorist financing that will require cryptocurrency exchanges and wallets to identify suspicious activity, a directive that would include identifying bitcoin and other Anonymous Cryptocurrency users.

In closing, Bair calls on the government and Congress, in particular, to provide additional oversight to prevent fraud, money laundering and the use of cryptocurrencies for illicit activities.

To fulfil their goal of preventing terrorism financing and money laundering, the legislative body has decided to create a database of digital currency users and record bitcoin transactions.

And how sincere is our antidrug effort going to be when the financial community realizes that the cash flow from the drug trade is the only thing preventing a default by some of the heavily indebted Latin American nations or major money - laundering banks?

Prime minister brings in charge of failing to prevent fraud or money laundering as UK prepares to host anti-corruption summit

in order to prevent fraud, cheating and money laundering we may disclose User Information and betting and gaming history to third parties including, but not limited to, any relevant regulator, gaming and sporting bodies, financial institutions and law enforcement agencies or any other body that deals with the investigation of alleged offences.

Street Capital collects personal information from you, from your interactions with us and from other sources in order to make credit decisions about potential customers, to confirm identity and to prevent fraud, money laundering and other criminal activity, to understand customer needs, to determine suitability or eligibility of products and services, comply with applicable laws, collect on outstanding debt as well as to administer or service our products and services.

The USA PATRIOT Act requires financial institutions, including the Funds, to adopt certain policies and programs to prevent money - laundering activities, including procedures to verify the identity of customers opening new accounts.

Any bank transactions with a value of $ 10,000 or more are automatically reported to the government as a way to prevent money laundering, tax evasion, and other criminal shenanigans.

In Nova Scotia, the law society is vigilant about the rules to prevent money laundering, says Darrel Pink, executive director of the Nova Scotia Barristers» Society.

Prime Minister David Cameron announced proposals to extend the corporate offence of «failing to prevent» to fraud and money laundering, last week at the Anti-corruption Summit 2016.

The Bill contains measures aimed at improving UK enforcement agencies» ability to recover the proceeds of crime, prevent the financing of terrorism, and tackle money laundering and tax evasion.

We play a full part in preventing the «laundering» of illicit money, through this firm, as required by the Money Laundering Regulations 2007 (aslaundering» of illicit money, through this firm, as required by the Money Laundering Regulations 2007 (as amenmoney, through this firm, as required by the Money Laundering Regulations 2007 (as amenMoney Laundering Regulations 2007 (asLaundering Regulations 2007 (as amended).

«The Law Society «solution» for preventing money laundering is to rely entirely upon the integrity of individual lawyers — with no accounting or oversight by the law society or anyone else unless a complaint is made.

That is one of the balancing acts of the new Rules — to protect the fundamental foundations of the profession in a manner that meets the needs of Society to prevent money laundering.

It builds on the 4th Directive implemented in May 2015 to prevent the use of the financial system for finan - cial crimes such as money laundering and terrorist fi - nancing.

The Attorney General also restated the intention to consult on extending the criminal offence of «failure to prevent» to other economic crimes such as fraud and money laundering so that firms are properly held to account for criminal activity that takes place within them.

In the second case, if certain specific offences are committed (in particular money laundering, corruption in the private or public sectors, criminal organisation, etc), charges can be brought against the company irrespective of the criminal liability of any individual, provided the corporation failed to take all reasonable organisational measures that were required in order to prevent such an offence.

To help us make credit decisions about clients, prevent fraud, check the identity of new clients and prevent money - laundering, we may on occasion, request information from the files of consumer reporting agencies.

Trace debtors, recover debt, prevent and detect fraud, and to manage your accounts or insurance policies; and check your identity to prevent money laundering unless you give us other satisfactory proof of identity;

This is regarded as a protective measure for exchange customers to minimise risks and prevent the use of these trading platforms for money laundering.

According to study backed by the Japanese government, there might soon be further adoption of ICO thanks to a layout of rules and guidelines that will help identify ICO investors, protect them from fraudulent ICOs and ultimately prevent money laundering by tracking ICO projects.

India, a fiat - reliant country, began tightening the noose on cryptocurrencies in 2018 in an effort to prevent money laundering, sponsorship of terrorism and tax evasion.

As reported before, one of the two decree drafts specifically eyed regulation on cryptocurrency taxation in an effort to prevent money laundering and tax avoidance.

A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency.

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 proposals are said to focus on preventing money laundering and the financing of terrorism, in addition to consumer protection.

This identity confirmation is designed to prevent money laundering and other illegal activity that could be facilitated by the use of cryptocurrency.

Japan will urge its G20 counterparts at a meeting next week to beef up efforts in order to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said.

The New York State Department of Financial Services (DFS) asked six South Korean banks and their New York branches to report on the current conditions of digital currency transactions in South Korea and their measures to prevent money laundering.