Sentences with phrase «regulate money laundering activities»

As we explained at CoinStaker, the G - 20 countries recommended to follow the FATF standards that regulate money laundering activities.

Not exact matches

Stiglitz has been on the public record saying that Bitcoin should be made illegal and that once it is regulated to the point where it can't be used to launder money or fuel other illicit activities it will disappear.

«These teams receive intelligence from law enforcement, banks and other regulators, as well as reports from those we regulate about activity that might give rise to money - laundering and terrorist - financing concerns and the effectiveness of practice within firms.

Legislation relating to the Countering of Money Laundering and the Financing of Terrorism is applicable to all businesses undertaking regulated activities.

Broadly speaking, the changes cover a wide spectrumof white collar crime activity and include changes to: foreign bribery laws; the introduction of deferred prosecution agreements; whistleblower protection in the private sector; increased powers of the corporate regulator ASIC to investigate and prosecute breaches of the corporations law; an increase in the available penalties applicable to white collar / corporate crime, and changes to the anti money laundering laws to regulate bitcoin exchanges.

Currently, Singapore, which is considered to be the Asian hub for finch and initial coin offering, does not regulate digital assets market, though the central bank watches for the activities that may pose certain risks, such as money - laundering or other illegal transactions.

Other governments continued to seek to regulate cryptocurrencies out of concerns about money laundering and other fraudulent activities.

It added that it currently was evaluating how it should regulate activities involving digital tokens, which did not function solely as virtual currencies, against money laundering and terrorist funding risks.