Sentences with phrase «potential money laundering risks»

The National Association of REALTORS ® (NAR) collaborated with the U.S. Department of Treasury to develop voluntary guidelines to increase real estate professionals» awareness of the potential money laundering risks surrounding real estate transactions.

Not exact matches

While bitcoin's potential risks, including terrorist financing and money laundering, have been periodically raised, there has been no urgency to take action.

For instance, the RBI issued a vague warning last week that Bitcoin usage is unsafe due to potential money laundering and cyber security risks.

As per the document, the rules involve a number of steps that financial institutions will be required to take to curb the potential misuse of the crypto market and the concurrent risk of money laundering in the space.

Singapore doesn't plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country's central bank said.

The press release of RBI acknowledged the potential of Blockchain in improving the efficiency of the financial system, however, it simultaneously pointed out the risks involved with cryptocurrencies such as consumer protection, market integrity and money laundering.

A meeting with HSBC personnel at the firm's office in Jersey revealed that the bank feared Global Advisors» account was at risk of potential money laundering.

So far, Singapore's central bank has taken a moderately suspicious stance towards cryptocurrencies, citing a need to «remain alert to money laundering and other potential risks».

The authorities also cautioned investors on the intrinsic risk and the potential for money laundering and terrorist financing.

Labeling the three cryptocurrencies «a big security risk» due to their money laundering potential, Coincheck will remove them from its trading platform in spite of them having large market capitalizations.

• Provide project assistance for potential risk, fraud, and money laundering; handle incoming and outgoing banker and customer calls to negotiate lending decisions.

In a broad show of support for increased scrutiny of foreign real estate buyers in the United States, 17 nonprofit organizations on Tuesday urged the Treasury Department to require that the real estate industry verify the identities of buyers and screen them for potential money - laundering risk.

«Vancouver real estate is obviously at very high risk for being used as a transfer and holding vehicle for laundered money,» said Zitting, adding that the results of FINTRAC's compliance review «really is quite scary, both for the stability of the housing market and the potential to support and propagate issues of organized crime.»