Sentences with phrase «signs of money laundering»

NAR has worked closely with FINCEN and Treasury to develop voluntary guidelines for real estate professionals to identify signs of money laundering.

Banks also are required by regulators to monitor customer transactions for signs of money laundering — which isn't as easy once dollars are converted into digital coins.

Because of legislation such as the Bank Secrecy Act, signed into law in 1970, and the Patriot Act, which was made law in 2001, those institutions must maintain strict compliance programs to monitor for signs of money laundering, terrorist financing, and other criminal acts, and they are obligated to report suspicious activities to authorities.

He told the tribunal the deposit and swift transfer offshore was a «classic» warning sign of money laundering.

Not exact matches

«Donald had to agree to every term of every deal and had to sign off on everything,» Kriss, who worked with the real - estate company Bayrock before leaving because he was convinced it was a money - laundering front, told O'Brien last month.

Despite a year of sexual harassment scandals within his conference, money laundering charges against a close ally and more questions about his $ 350,000 salary from a major plaintiffs firm, there's no sign Silver is heading anywhere.

He said that Justice Hassan, who worked as a prosecutor at the Federal Ministry of Justice and later seconded to the EFCC, signed the charges against him when he was previously tried for money laundering.

Risk - based compliance and due diligence procedures are key to spotting the signs of criminal activity, and submitting SARs (Suspicious Activity Reports) will not only ensure you comply with the law, but also play a part in tackling money laundering before unlawful funds enter the economic system.