Sentences with phrase «threat of money laundering»
Putin's comments certainly lean that way, calling for a regulatory environment to reduce the threat of money laundering, tax evasion, and funding of terrorism.
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Money laundering is a major threat for banks of all sizes, although smaller, regional banks often have the most to lose when they are subject to this crime.
The investigations could lead to charges of bank fraud, money laundering, and threats of violence — all state crimes.
They believe that it is in fact a threat to the security of the Russian nation as it would allow for widespread money laundering and other illicit activities a safe haven to take place.
The end of a five - year agreement over money - laundering lapses removes the threat of authorities yanking the bank's U.S. licence.
Prior to the meetings scheduled for today and tomorrow, vice president of Germany's Bundesbank, Claudia Buch, stated that «the role of crypto tokens in money laundering and criminal activity must also be closely examined,» but also that she doesn't «see a threat for financial stability at the moment as the speculations are generally not financed with loans and the relevant markets are rather small.»
However Hopeson Adorye rubbished Allotey's threat describing it as empty and insisted that Allotey Jacobs was momentarily arrested and questioned over a case of money laundering Sunday while boarding a flight to the UK.
Kelly's remarks were also made on the very same day of the US Treasury stating that cryptocurrencies are a threat both because of its anonymous nature which facilitates nefarious activities such as terrorist - funding and money laundering.
The information gathered can be used to create «threat scores,» which bank specialists can use «to identify behavior for a banking customer that is suspicious and indicates high likelihood of money laundering activity.»
Citigroup CEO Michael Corbat has said that cryptocurrencies represent a «real enough threat» to the financial system, and that governments won't take the disruption of their capabilities around data, tax collection, money laundering and know - your - customer (KYC) «lightly.»
NAR strongly supports efforts to combat the use of real estate in money laundering schemes, and encourages all members to be knowledgeable about money laundering threats.