Sentences with phrase «then laundering the money»

Not exact matches

And then over the summer the federal government shut down the exchange over its ties to money laundering.

Well if you consider the vatican laundering money for the mob shocking — then yes.

«Comparative quiet then returned, until the international laws against money laundering needed to be applied within the Vatican.

Then there's the money laundering aspect.

Then add umpteen jury delivered, federal convictions for major environmental fraud, money laundering, tax evasion and bid rigging.

«That you, Olisa Metuh and Destra Investments Limited on or about the 24th November, 2014 in Abuja, did retain the sum of N400m on behalf of the Peoples Democratic Party of its campaign activities by concealing the said sum in your account with Diamond Bank Plc, when you reasonably ought to have known that such fund formed part of the proceeds of an unlawful activity of Col. Sambo Dasuki (Rtd), the then National Security Adviser, (to wit: criminal breach of trust and corruption), and you thereby committed an offence contrary to Section 17 (a) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 17 (b) of the same Act.

Account No. 0040437573 from the account of the Office of the National Security Adviser with the Central Bank of Nigeria without contract award, when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then NSA (To wit: criminal breach of trust and corruption) and thereby committed an offence contrary to section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011, as amended in 2012 and punishable under section 15 (3) of the same Act.

«That you, Olisa Metuh and Destra Investment Limited on or about the 24th November, 2014 in Abuja converted the sum of N400m paid into the account of Destra Investment Limited with Diamond Bank Plc, Account No: 0040437573 from the account of the office of the National Security Adviser with the Central Bank of Nigeria without contract award when you reasonably ought to have known that the said fund formed part of the proceeds of an unlawful activity of Col. Mohammed Sambo Dasuki (Rtd) the then National Security Adviser (To Wit: criminal breach of trust and corruption) and thereby committed an offence contrary to Section 15 (2), (d) of the Money Laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 15 (3) of the same Act.

But even then there are literally bags and bags of cash, more money than they can spend or launder or even store.

It is a fascinating story — first, of how an upper - middle - class Smith graduate ended up in prison in the first place (it was for a 10 - year - old money laundering crime), and then, how she fared in the federal correctional facility in Danbury, Connecticut.

If it's not the classic scam described in Daniel Anderson's answer, then it's probably money laundering.

On the face of it, if you're laundering money through Star Citizen, the last thing you want to do is provide CIG with your ID because then it's all going to get traced right back to you if things go South.

In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.

It was the lower, cash end of money laundering which was the target for much of the original legislation in this area at around the turn of the millennium, but that was pre 9/11 and the landscape has changed enormously since then.

In circumstances in which knowledge or suspicion of involvement / complicity in money laundering on the part of intermediary businesses may be extremely difficult to establish, then a regulatory route will often be the most appropriate, especially given that penalties can be severe.

In a case brought by the Solicitors Regulation Authority (SRA), the partners of Clyde and Co solicitors admitted they allowed a client account to be used as a banking facility, acting against SRA accounting rules and in breach of existing obligations under the then - current money laundering regulations (2007).

So if I were a musician with at least one song on Spotify and I want to launder my illegally acquired money, I just need to register a new Spotify listener account, register an account on your service, link those accounts, pay you from my dirty money account and then use the Spotify account to listen to my own song?

Fink then stated that «as I said, it's much more of a speculative platform for Asia, and it's heavily used for money laundering.»

If we are able to establish money laundering aspect then he can be arrested.»

Since then, other bankers have voiced their concerns from «destabilization to fraud and money laundering ``

People laundering money will set up a network of companies to create layers between the original crime and their attempts to then integrate the proceeds of their crime into the economy.

«If a certain ICO's sole purpose was to raise funds, it will be okay if the funds were returned to the investors, and the case is closed.But if the ICO was used as a way for money laundering, then it should be handled as how it is supposed to be doing just that.»

Then there's the training and ongoing education program — mandatory, of course, supported by CREA's online, five module Money Laundering 101.

Explain how a terrorist would launder money through the acquisition of real estate in Canada, and then use the washed money to help complete an agenda.

Then there are the growing problems of money laundering, fraud and tax evasion.