Sentences with phrase «other illegal transactions»

Currently, Singapore, which is considered to be the Asian hub for finch and initial coin offering, does not regulate digital assets market, though the central bank watches for the activities that may pose certain risks, such as money - laundering or other illegal transactions.

Because payments with it are essentially impossible to trace, a lot of its use case has been for buying and selling drugs and weapons and carrying out other illegal transactions.

Not exact matches

The security breach comes two months after Bitfinex was ordered to pay a $ 75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off - exchange financed commodity transactions in bitcoin and other digital currencies.

Investigate and prevent fraudulent transactions, unauthorized access to the Startup Grind Service, and other illegal activities;

The problem is that many people are already using this type of currency for illegal transactions such as buying drugs, murder for hire and other criminal activities.

Recent revelations by the Economic and Financial Crimes Commission, EFCC, which have trappings on alleged illegal transaction between former Minister of Petroleum resources, Dieziani Alison - Madueke and Fidelity Bank Managing Director, Nnamdi Okonkwo may have snowballed into indicting the head honcho of other financial institutions.

It further added that the words were understood to mean «the second — fourth plaintiffs are organized criminal companies employed by the first plaintiff, through a corporate culture of malfeasance and impropriety, to perpetrate fraud on the Republic of Ghana and their other clients through illegal, dishonest, fraudulent, sleazy, shady and opprobrious commercial transactions».

The new rules add stringent requirements for banks to curb illegal transactions by known terror organizations and other criminals.

We may, but are not required to, decline a transaction on your Account for any of the following reasons: (A) because of operational considerations, (B) because your Account is in default, (C) if we suspect fraudulent or unlawful activity, (D) we reasonably believe a transaction may be challenged as illegal under state or federal law (such as casino gambling on the Internet), or (E) in our discretion, for any other reason.

If a court of competent jurisdiction determines that any term or provision of these Terms and Conditions is invalid, illegal, or incapable of being enforced, all other terms and provisions of these Terms and Conditions shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated herein is not affected in a manner that is materially adverse to either party to the Terms and Conditions.

In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.

: The statute makes it illegal to use personal information «for the purpose of gaining access to any record of the actions taken, communications made or received, or other activities or transactions of that person.»

At a dinner sponsored by the Society of Professional Investigators (SPI), Mr. Borden explored how bitcoins and other forms of digital currency are increasingly used for both legal and illegal transactions, including ransomware.

Mr. Borden explored how bitcoins and other forms of digital currency are increasingly used for both legal and illegal transactions, including ransomware.

The protocol contains several features that allow for payment conditions to be set, transactions to be voted on, and illegal use to be prevented, among other things.

Joining the general chorus of voices critical of digital currencies, Facebook has removed bitcoin and other cryptocurrency ads from its sites after critics said that criminals and rogue states were using digital money in illegal transactions.

The implementation of this new account system effectively ends «the use of anonymous bank accounts in transactions to prevent virtual coins from being used for money laundering and other illegal activities,» Yonhap reported.