Sentences with phrase «preventing financial crimes»

The RBI acknowledged that blockchain technology has many potentially - beneficial applications but argues that cryptocurrencies raise a number of concerns related to consumer protection, market integrity, and preventing financial crimes.

The RBI statement acknowledges that blockchain technology has many potentially - beneficial applications but argues that cryptocurrencies raise a number of concerns related to consumer protection, market integrity, and preventing financial crimes.

In 2013, regulatory bodies responsible for preventing financial crimes have introduced new regulations to bring bitcoin within the scope of its enforcement.

Regulatory bodies responsible for preventing financial crimes like FinCEN in the US or FINTRAC in Canada introduced new regulations to bring bitcoin within the scope of its enforcement, although striking the right balance in these regulations is a continuing challenge.

FinCEN seems to dream of a Vanilla Sky future where they can predict and prevent financial crimes.

Yang's comments also come at a time when other major Asian governments have already moved to regulate cryptocurrencies under anti-money laundering rules to prevent financial crimes.

Not exact matches

An Iranian newspaper says the country's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to «prevent crimes such as money laundering and terrorism.»

Drama is currently playing out at the home of a former Director - General of the Department of State Services, Ekpenyong Ita, as men of the DSS are preventing operatives of the Economic and Financial Crimes Commission from arresting him.

Buba's order has prevented the Economic and Financial Crimes Commission and any other government anti-corruption agency from prosecuting or arresting Odili, who was accused of allegedly embezzling about N100bn of Rivers State money during his eight - year tenure as governor.

(3) to prevent, mitigate or rectify substantial injury to the financial interests or property of another that is reasonably certain to result or has resulted from the client's commission of a crime or fraud in furtherance of which the client has used the lawyer's services;

The bill gives authorities, including intelligence services, the UK's Serious Fraud Office (SFO) and the UK's Financial Conduct Authority (FCA) the ability to access this information for specific investigations, if it is «necessary and proportionate» for the purpose of combatting terrorism or preventing crime.

«If a new corporate offence of failing to prevent economic crime is introduced in the UK, it will represent a huge expansion in corporate criminal liability,» said Terry FitzGerald, Head of Commercial D&O and Financial Institutions, UK at Allianz Global Corporate & Specialty.

In addition, the government is paving the way for Financial Investigation Strategy that comprehensively addresses the problem of financial crime and anti-corruption, in particular by facilitating efficient cooperation of relevant agencies responsible for collecting data and conducting financial investigations and preventing shifting of unlawfully gained funds into lawful busineFinancial Investigation Strategy that comprehensively addresses the problem of financial crime and anti-corruption, in particular by facilitating efficient cooperation of relevant agencies responsible for collecting data and conducting financial investigations and preventing shifting of unlawfully gained funds into lawful businefinancial crime and anti-corruption, in particular by facilitating efficient cooperation of relevant agencies responsible for collecting data and conducting financial investigations and preventing shifting of unlawfully gained funds into lawful businefinancial investigations and preventing shifting of unlawfully gained funds into lawful business flows.

It builds on the 4th Directive implemented in May 2015 to prevent the use of the financial system for finan - cial crimes such as money laundering and terrorist fi - nancing.

Criminal Finances Act 2017 - failure to prevent the facilitation of tax evasion FW partner James Carlton quoted in Reuter's article on halted fraud trial Financial Sanctions: How a political crisis could inadvertently affect your business FW business crime and regulation partner quoted on Reuters on JPMorgan \ «Whale \» case FW financial services team look at the issue of black holes and the importance of disclosure and traFinancial Sanctions: How a political crisis could inadvertently affect your business FW business crime and regulation partner quoted on Reuters on JPMorgan \ «Whale \» case FW financial services team look at the issue of black holes and the importance of disclosure and trafinancial services team look at the issue of black holes and the importance of disclosure and transparency

In the United States, meanwhile, the Treasury Department's Financial Crimes Enforcement Network is coming down hard on cryptocurrency platforms which it believes do not have internal safeguards strong enough to prevent money laundering.

It is supposed to help prevent money laundering and other financial crimes.

In order to address the most pressing cyber security concerns of our time — cyber attacks, extreme vulnerabilities in cyber infrastructure, financial and other online crimes, and the lack of effective education and prevention methodologies — the Global Cyber Alliance seeks to foster international, coordinated collaboration to reduce and prevent malicious cyber activity.

In his view, any ICO that involved US residents (as issuers or investors) and failed to register with the Financial Crimes and Enforcement Network (FinCEN)-- a Treasury bureau tasked with preventing and investigating financial crimes — could be charged under 18 U.S.C § 1960, a federal felony criminal statute that carries a maximum sentence of five years iFinancial Crimes and Enforcement Network (FinCEN)-- a Treasury bureau tasked with preventing and investigating financial crimes — could be charged under 18 U.S.C § 1960, a federal felony criminal statute that carries a maximum sentence of five years in pCrimes and Enforcement Network (FinCEN)-- a Treasury bureau tasked with preventing and investigating financial crimes — could be charged under 18 U.S.C § 1960, a federal felony criminal statute that carries a maximum sentence of five years ifinancial crimes — could be charged under 18 U.S.C § 1960, a federal felony criminal statute that carries a maximum sentence of five years in pcrimes — could be charged under 18 U.S.C § 1960, a federal felony criminal statute that carries a maximum sentence of five years in prison.

Christine Lagarde, the IMF's managing director, wrote in a Tuesday blog post that she believes regulators can use blockchain or other distributed ledger technologies (DLT) to regulate Bitcoin and other cryptocurrencies and prevent them from being used in connection with money laundering and other financial crimes.

Work alongside banks and financial institutions to prevent and prosecute for financial crimes