Sentences with phrase «on preventing money laundering»

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

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.

Not exact matches

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.»

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.

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.

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.

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.

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.

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.

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.

When political leaders assert that cryptocurrency must be regulated due to money laundering concerns, what they really mean is «We're largely powerless to prevent fiat currency laundering so we're going to focus our efforts on cryptocurrency instead».

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.

In the United States, meanwhile, the Treasury Department's Financial Crimes Enforcement Network is coming down hard on cryptocurrency platforms which it believes do not have internal safeguards strong enough to prevent money laundering.

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.

European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement.

To be on the safe side, services will often go above and beyond to be 100 % sure they've fulfilled all possible legal obligations they might have to «know their customer», prevent money laundering and ensure they're not supporting illegal activities.

On April 3, the Australian government announced that cryptocurrency exchanges are officially expected to follow new regulations in order to prevent money laundering and terrorism financing.

The European Council and European Parliament agreed on Friday to impose stricter rules targeting exchange platforms for bitcoin and other cryptocurrencies to prevent the financing of terrorism and money laundering.

On December 15th, 2017, France and other members of the European Union agreed to impose regulatory controls on cryptocurrency exchanges in an effort to prevent money laundering, tax evasion, and financing of terrorisOn December 15th, 2017, France and other members of the European Union agreed to impose regulatory controls on cryptocurrency exchanges in an effort to prevent money laundering, tax evasion, and financing of terrorison cryptocurrency exchanges in an effort to prevent money laundering, tax evasion, and financing of terrorism.

CryptoUK will work with the UK on issues like preventing Bitcoin (BTC) and cryptocurrencies from being used in money laundering and other illegal activities, but will not deal with ICO regulation.

The government is also focused on working with Bitcoin exchanges to prevent money laundering and possibly even directly limit trading.

According to Reuters, the Financial Action Task Force (FATF), a 37 - nation body working on standards to prevent money laundering, will prepare a report for the G20 meeting on ways of combating digital currency money laundering.

Managing the impact of FATCA (Foreign Account Tax Compliance Act) regulation on Private Banking systems to prevent Anti Money Laundering.