Sentences with phrase «part of a money laundering»

But, that innocent story can also be used as part of a money laundering plan.

The obligatory reporting of transactions suspected to be part of money laundering and drug trafficking was also made part of the legislation in an effort to crack down on use of cryptocurrency as a medium to facilitate illegal financial activities.

Not exact matches

Between 2009 and 2014, top executives and associates of Najib looted $ 4.5 billion from the fund, laundering it through the U.S., Singapore, Switzerland and other countries, according to a U.S. Justice Department civil case seeking to recover part of that money.

That strategy has sometimes attracted controversy, most notably in the case of the ill - fated Trump SoHo development, where the project's developers have faced allegations of financing it in part with laundered money.

Deutsche Bank was fined earlier this year as part of a Russian money - laundering scheme that involved its Moscow, New York, and London branches.

The vast majority also believed the abolition of notes and coins would cause problems to parts of the population, such as the elderly, while only a third saw it as a way to fight tax evasion and money laundering.

Part of the deal was Canada would help the United States launder this money.»

In the article, the MSM propagandist states such things as: 2017 has seen, according to his one time Goldman Sachs source, a «dramatic crash in [physical gold coin] demand,» that interest in gold coins is linked to «political conservatism, or anarcho - libertarianism» and «end of the world right wing sentiments,» that gold has been implicated in a «conspiracy to commit money laundering,» that gold is «financed by people in the narcotics trade,» that it comes from «illegal mines and drug dealers in Peru, Bolivia and Ecuador,» that «the federal authorities assume the NTR Metals [case] represented only a fraction of illegally sourced and financed gold,» that therefore the US attorney is broadly investigating the gold industry, that gold is «produced by exploited workers,» that «crude [gold] extraction techniques create serious and lasting environmental damage,» that gold plays an important part in «tax evasion,» that it is related to American gun sales, which the author abhors; that «drug dealers [use] gold imports as a way of laundering their proceeds,» and that «they came to realize that illegal gold [is] an intrinsically better business» than drug dealing; to name but a few of the aspersions cast against gold in the short article.

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.

Another part of the Action plan is meant to keep a close eye on transactions carried out between EU - member countries and other states, where money laundering is a common practice.

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.»

Jose Mourinho's former side Uniao de Leiria have been among the clubs in Portugal raided by police as part of an operation to dismantle a Russian mafia gang laundering money.

The Swiss prosecutors» office announced it conducted the raids on Friday «as part of the criminal proceedings being conducted against persons unknown on suspicion of money laundering».

We believe the funds in the accounts are part of the proceeds of crime, particularly money laundering and outright diversion of public funds.

The statement read in part, «The commission, which preferred 24 charges against the ex-banker before Justice Babatunde Quadri of the Federal High Court, Maitama, Abuja, accused him of transferring N78, 521, 431.61 from the Federal Government Pension funds into private accounts held by nonpensioners in contravention of Section 15 (2)(b) of the Money Laundering Act 2011.

«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.

Agbele was arraigned by the Economic and Financial Crimes Commission, EFCC, on an 11 count, charge of money laundering involving the sum of N1, 219,000,000 said to be part of N4, 685,723,000 allegedly transferred from the Office of the National Security Adviser, ONSA.

Espada (D - Bronx), the Senate majority leader, had the offices of his government - funded clinic raided by the FBI and IRS yesterday as part of an investigation into possible money laundering and mail and tax fraud.

A Manhattan jury found New York City and Westchester County attorney Louis Cherico guilty of bank fraud and money laundering for his part in...

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»

The anti-graft agency claimed that they ought to have «reasonably known that the money formed part of proceeds of an unlawful act,» adding that they handled it without going through a financial institution in violation of the Money Laundering (Prohibition)money formed part of proceeds of an unlawful act,» adding that they handled it without going through a financial institution in violation of the Money Laundering (Prohibition)Money Laundering (Prohibition) Act.

An hour long, fully resourced lesson focusing on the rising problem of students taking part in money laundering.

Part of the law IIRC is the money laundering statures, which have swept up small cash businesses who MUST deposit their cash frequently for safety reasons, and get it taken for «structuring».

The Guideline, which was created as part of a package to support the introduction in the UK of Deferred Prosecution Agreements (DPAs), contains a 10 - step process to be followed by the criminal courts when sentencing corporations for fraud, bribery and money laundering offences.

Experts say real estate transactions are a popular way to launder money, in part because of the large sums involved.

In circumstances in which knowledge or suspicion of involvement / complicity in money laundering on the part of intermediary businesses may be extremely difficult to establish, then a regulatory route will often be the most appropriate, especially given that penalties can be severe.

This is in part due to the globalisation of criminal law brought about by an increase in the number of international terrorism, money laundering and corruption cases.

A particular area of interest is complex financial schemes and he has played a leading part in investigations relating to investment, tax and pension schemes, international financial frauds, money laundering, organised criminality and the corruption of public officials.

This is part of the government «s drive against money laundering and terrorism.

They require more effort to combat money laundering and terrorist financing on the part of law firms and other «relevant persons» — in particular to carry out thorough Customer Due Diligence (CDD), including a search for adverse information on prospective and existing clients.

They require more effort to combat money laundering and terrorist financing on the part of law firms and other «relevant persons» — in particular to...

Many courses and topics such as anti-corruption law, mining law, environmental law, investigation and interrogation, anti-terrorism law, intellectual property law, international business law, money laundering, corporations, cyber security, banking law, and more are not part of law school curriculum.

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).

Risk - based compliance and due diligence procedures are key to spotting the signs of criminal activity, and submitting SARs (Suspicious Activity Reports) will not only ensure you comply with the law, but also play a part in tackling money laundering before unlawful funds enter the economic system.

She also disclosed that the bank has developed a robust system to detect any activity related to money laundering, and this development is a part of SBI's anti-money laundering initiative.

For example, to avoid money laundering, businesses must have the name and physical address of BOTH parties in the transaction: [blockquote person =» New York Department of Financial Services» attribution =» New York Department of Financial Services»] As part of its anti-money laundering compliance program, each firm shall maintain the following information for all transactions involving the payment, receipt, exchange or conversion, purchase, sale, transfer, or transmission of Virtual Currency: (1) the identity and physical addresses of the parties involved; (2) the amount or value of the transaction, including in what denomination purchased, sold, or transferred, and the method of payment; (3) the date the transaction was initiated and completed, and (4) a description of the transaction.

This move doesn't come as surprise as most countries including the US, France, Japan, South Korea, and India have already established strict KYC and AML (anti money laundering) rules as an integral part of their cryptocurrency regulatory frameworks.

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 European Central Bank (ECB), however, is pushing for tighter control over movements of digital currencies as part of a broader crackdown on money laundering, while recognizing the jurisdictional complexities in regulating an asset with no boundaries.

A large part of the decision to tax Bitcoin miners was to curb money laundering and other illicit financial activities that could be perpetrated under the guise of mining operations.

This being part of a large crackdown from the Spanish authorities on tax avoidance and money laundering.

As part of the initiative, regulators are predicted to craft additional rules regarding AML and KYC to stifle any attempts at money - laundering.

The new laws are part of the government's efforts to combat money laundering and terrorism financing.

Authorities in South Korea will inspect six of the country's major banks for money laundering as part of an unprecedented probe into cryptocurrency links.

However, if you believe a transaction in which you are a part involves money laundering, you can report it to the U.S. Department of the Treasury, Financial Crimes Enforcement Network (FINCEN).

NAR is offering this fact sheet and suggested guidelines as part of an industry - wide effort to educate real estate professionals on the dangers of money laundering, common sense tips to be on the look - out for money laundering transactions and what steps to take if you become suspicious or if you are asked to handle certain combinations of cash and cash instruments.