Sentences with phrase «possibilities of money laundering»

This feature will allow the government to control and reduce the possibilities of money laundering or criminal activities.

And if you go back and read about all the many cases of money laundering, RICO cases etc, most of them had the appearance of legit business that to even posit the possibilities of money laundering, would be preposterous.

Quite naturally, the possibilities of money laundering reduce to a great extent.

«Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small,» the former chief economist of the International Monetary Fund (IMF) said.

Legitimate businesses need to be concerned with the possibility of money laundering, as it can present a major risk to the company, both... Read more»

Basically, if you take away the possibility of money laundering and tax evasion, [Bitcoin's] actual uses as a transaction vehicle are very small.

«Basically, if you take away the possibility of money laundering, tax evasion, its actual uses as a transaction vehicle are very small.»

According to my observations, at first they were a bit scared by the possibility of money laundering and criminal applications of the technology, but are now applying a «we can regulate that» approach and feel more reassured.

Not exact matches

Beyond the risks to the customer, there are also compliance risks to the bank... the anonymous nature of virtual currencies leads to the possibility that they may be used to launder money, finance crime and so forth.»

Fed Chairwoman Janet Yellen has also voiced concerns about the potential for money laundering, while the bank has remained muted about the possibility of issuing its own «Fedcoin».

@Brick relatedly, I wondered about the possibility of using this for money - laundering, if it's not a simpler scam.

Corporate and government counsel should also take notice of the possibility that virtual worlds could be used for money laundering, identity theft, and other fraud - related crimes.

Canadian lawyers admit they are in fear of «the possibility of a renewed effort by the federal government to extend the PCMLTFA (Proceeds of Crime — Money Laundering — and Terrorist Financing Act) to members of the legal profession.»

«Suspicion» in the Proceeds of Crime Act 2002, s 330 has been interpreted to mean that a bank will be required to make a disclosure wherever it, subjectively, forms a settled view that there is a more than fanciful possibility that the relevant facts which give rise to the suspicion of money laundering exist (see K Ltd v National Westminster Bank plc (Revenue and Cutoms Prosecution Office and Serious Crime Agency intervening)[2006] EWCA Civ 1039, [2006] All ER (D) 269 (Jul)-RRB-.

The report tries to inform people about the risks involved from using Cryptocurrency exchanges as a form of payment and why money laundering is always a possibility when it comes to such transactions taking place.

To make matters even worse, many regulators, such as India's Reserve Bank of India (RBI), are wary of the possibility of cryptocurrencies being used to fund terrorism, launder money, evade taxes, and other unlawful acts.