Sentences with phrase «prevent money laundering by»

A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency.

According to study backed by the Japanese government, there might soon be further adoption of ICO thanks to a layout of rules and guidelines that will help identify ICO investors, protect them from fraudulent ICOs and ultimately prevent money laundering by tracking ICO projects.

Not exact matches

Money transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the puMoney transmitter licenses, which are required for California MSBs (money services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney services businesses), protect consumers by preventing money laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the pumoney laundering in addition to maintaining public confidence in financial institutions and preserving the health, safety, and general welfare of the public.

The panel was formed by APRA in the wake of allegations by AUSTRAC that it had breached money laundering reporting obligations by failing to prevent potential money laundering and terrorism financing.

The Australian government explains that it has taken the same approach that countries such as the United States, United Kingdom, and Canada have taken regarding digital currency businesses because it will facilitate innovation and follow guidance issued by the Financial Action Task Force — the international regulator for preventing money laundering, terrorism financing, and other dangers that hinder the world's financial system.

And how sincere is our antidrug effort going to be when the financial community realizes that the cash flow from the drug trade is the only thing preventing a default by some of the heavily indebted Latin American nations or major money - laundering banks?

Law societies, though, say they are taking the steps necessary to prevent and police any potential money laundering by their members.

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).

«The Law Society «solution» for preventing money laundering is to rely entirely upon the integrity of individual lawyers — with no accounting or oversight by the law society or anyone else unless a complaint is made.

This identity confirmation is designed to prevent money laundering and other illegal activity that could be facilitated by the use of cryptocurrency.

As reported by CoinDesk, the FSC announced in January that, from the end of the month, banks would no longer be allowed to service virtual accounts for investors at cryptocurrency exchanges, an effort that sought to prevent anonymous cryptocurrency transactions from being used in money - laundering activities.

The South Korean» Blockchain Association, speaking with Business Korea, stated; «We are seeking out ways to solve problems by launching a self - regulation commission and imposing duty to prevent money laundering.»

The policy has now gone into full effect and aims to ensure that these effective measures prevent the wild spread money laundering and terrorist financing risks that are «feared» by governments in cryptocurrency trade.

As local news media report Sunday, the combined move by the Financial Intelligence Unit (FIU) and the Financial Supervisory Service (FSS) aims to decide whether the institutions «carried out their obligations to prevent money laundering in managing virtual accounts.»