Sentences with phrase «people launder money»

«They're basically helping people launder money» noted Mike Gnade, from IndieGameStand.

People laundering money will set up a network of companies to create layers between the original crime and their attempts to then integrate the proceeds of their crime into the economy.

Not exact matches

Foreigners are coming in and buying up property with anonymous shell companies and some of that is perfectly legitimate but some of it is clearly money laundering and corrupt officials and other people using their cash to park it in property and making it impossible for the people who live there to afford it.

That investigation was a routine piece of compliance after Trump became what banks» internal money - laundering police call a «politically exposed person,» or PEP, by announcing his run for the presidency.

Such a system makes it difficult for governments to know the identities of people exchanging money, so it has become a haven for money laundering, drug dealing, and corruption.

She was convicted of drug conspiracy and money laundering charges — her first offenses — and has been in federal person since 1996.

Prosecutors in Madrid have filed a 488 - page petition to charge 27 people with money laundering and fraud in connection to the St. Petersburg - based Tambov crime syndicate's setting up shop in Spain in 1996.

And because so few people understand the art market, rigging the value of paintings is a simple way to launder money.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan.

The police said that under the Money Laundering Act, a person conducting transactions with Bitcoin, including as a broker, is an alternative payment service provider.

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.

KYC (Know Your Customer) and AML (Anti Money Laundering) regulations are used to make sure that people are not allowed to move around money in an anonymous maMoney Laundering) regulations are used to make sure that people are not allowed to move around money in an anonymous mamoney in an anonymous manner.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

There are many opinions that arise regard cryptocurrencies, while a group of people consider that they are just a bubble, or a way for criminals to launder their money, that is simply a bet that has no value or guarantee whatsoever, there is another group of people who see cryptocurrencies in another way and they are convinced that these are the solution to many of the problems that exist today.

There are many opinions that arise regard cryptocurrencies, while a group of people consider that they are just a bubble, or a way for criminals to launder their money, that is simply a bet...

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 reports out of Japan seem to suggest that either Europol is wrong in their assessment, or Europe has a much more significant money laundering problem than most people might assume.

Thirty seven people were arrested last week on charges of extortion, corruption, money laundering and embezzlement.

Soooooo where do you think septic goes??? Look into how a septic system works... I used disposables all of my almost 3 year olds life and I just had my second child and diapers for two children is extreamly costly so I switched to cloth diapers and I LOVE them not because Im eco friendly or because I hate disposables I still use them with my almost 3 yearold because she is going through potty training but just for the fact alone that it saves so much money and its not as hard to do as people think expecially with all the different types alot of the time you do nt have to even touch soiled diapers to launder them they have ones that the liners will come out in the wash and you do nt have to dunk them in the toilets if you have sprayers..

«The only liberty that Liberty Reserve gave many of its users was the freedom to commit crimes, as it became a popular hub for fraudsters, hackers, and traffickers,» U.S. Attorney Preet Bharara said Tuesday in announcing charges against seven people in a $ 6 billion scheme that he billed as possibly the largest money - laundering scheme even seen in the United States.

The Panama Papers revelations have triggered a multitude of probes around the world as authorities look for evidence people named in them might have committed tax fraud, money laundering or other criminal acts.

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.

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».

Despite his frail health, the Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh on Wednesday showed up at the Federal High Court, Abuja, for his trial which borders on a seven - count charge of criminal breach of trust and money laundering to the tune of N400m brought against him by the Economic and Financial Crimes Commission (EFCC).

But it does not turn over individuals arrested for low - level crimes such as possession of small amount of marijuana or blowing a stoplight without damaging people or property, or even for more serious nonviolent violations like money laundering, grand larceny or harassment.

The accused person was also accused of transacting business with $ 2m cash said to be above the threshold of cash payments prescribed by the Money Laundering (Prohibition) Act.

Urges all Member States to promptly and correctly transpose into their national legislation all existing EU and international legal instruments concerning organised crime, corruption and money laundering; urges Member States and the Commission to complete the Roadmap on the rights of suspects and accused persons in criminal proceedings, including a directive on pre-trial detention;

According to the Financial Action Task Force on Money Laundering (FATF), an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering and terrorist financing, the term beneficial owner refers to the natural person (s) who ultimately owns or controls a legal entity and / or the natural person on whose behalf a transaction is being conduMoney Laundering (FATF), an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering and terrorist financing, the term beneficial owner refers to the natural person (s) who ultimately owns or controls a legal entity and / or the natural person on whose behalf a transaction is being Laundering (FATF), an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering and terrorist financing, the term beneficial owner refers to the natural person (s) who ultimately owns or controls a legal entity and / or the natural person on whose behalf a transaction is being condumoney laundering and terrorist financing, the term beneficial owner refers to the natural person (s) who ultimately owns or controls a legal entity and / or the natural person on whose behalf a transaction is being laundering and terrorist financing, the term beneficial owner refers to the natural person (s) who ultimately owns or controls a legal entity and / or the natural person on whose behalf a transaction is being conducted.

«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.

The Supreme Court ruled on Friday that a former National Publicity Secretary of the Peoples Democratic Party, Chief Olisa Metuh, had a case to answer in respect of the money laundering charges involving the sums of N400m and $ 2m instituted against him by the Economic and Financial Crimes Commission.

«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.»

«It will be recalled that following relentless media attack on my person by the EFCC acting in concert with some powerful families with known ties to the government which culminated in the filing of phantom money laundering and corruption charges against me, I made spirited efforts to engage with relevant officials of government including the EFCC, the Office of the Attorney General of the Federation and the Presidency to furnish them with all the information in respect of the OPL 245 Settlement Agreement between the Federal Government of Nigeria and Malabu Oil & Gas Limited which was brokered by the administration of President Olusegun Obasanjo, GCFR.

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.

In a letter filed Wednesday, Silver, who was found guilty last November on charges of fraud, extortion and money laundering related to two bribery schemes, said he apologizes to the court, to the people of New York and his constituents, as well as to his family for his «actions.»

An Accra Circuit Court on Thursday remanded two persons into police custody for conspiring to commit a crime, defrauding by false pretence, money laundering and forgery of documents.

Dr Olugbumi Usim - Wilson has filed an application to withdraw as a surety to Olisa Metuh, a former Peoples Democratic Party spokesman, standing on trial for alleged money laundering.

The Town of Oyster Bay's government was awash with «unscrupulous public officials» whose alleged crimes included involvement in «bribery, money laundering and a crooked multi-million dollar property deal,» Nassau County District Attorney Madeline Singas said Thursday as authorities unsealed indictments against eight people with ties to the municipality.

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.

In total, charges were filed against 20 people for drug trafficking, firearms and money laundering.

More witnesses were presented by the Economic and Financial Crimes Commission, EFCC, on Thursday, January 28, 2016 before Justice Okon Abang of the Federal High Court sitting in Abuja to testify in the ongoing case of alleged money laundering involving the National Spokesperson of the People's Democratic Party, PDP, Olisa Metuh and his company, Destra Investment Limited.

Several other persons under investigation for money laundering by the anti-graft agency were discovered to have made payments into the company's account including a hotelier in Central Area, Abuja, who has been invited for questioning.

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Mazur's ability to sell his money laundering identity all the way up the chain means he begins to care about the people he is lying to, despite their criminal involvement.

Other people spin in and out of Jack's orbit, most notably wife Pam (Kelly Preston) and Tom DeLay (Spencer Garrett), the former Bush - era House Majority leader recently convicted of money laundering.

USA Patriot Act Customer Identification Program Notification: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities.

Hence the money staying in the OP's account because it was a real transfer from a real person: the OP wasn't necessarily being scammed, but was being used as a money laundering pawn.

Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.