Sentences with phrase «under money laundering regulations»

«We do not currently require bitcoin exchanges to register for supervision under the money laundering regulations... A bureau de change doing exchange businesses in other currencies as well as bitcoin must register in the normal way for non-bitcoin businesses,» a HMRC press officer wrote in response to questions from CoinDesk.

Not exact matches

And though Bitcoin regulation is still under development, all governments are sure they wish to prevent money laundering within Bitcoin network.

To the extent that the activities of the Trust cause it to be deemed a «money transmitter» under the regulations promulgated by FinCEN under the authority of the US Bank Secrecy Act, the Trust may be required to comply with FinCEN regulations, including those that would mandate the Trust to implement anti-money laundering programs, make certain reports to FinCEN and maintain certain records.

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).

Projects partner Nick Purnell and corporate partners Christopher Duffy and Simon Gamblin, all of who are based in London, admitted that they had allowed the firm's client bank account to be used as a banking facility, which breached a number of regulations under the SRA Accounts Rules 2011 and the Money Laundering Regularegulations under the SRA Accounts Rules 2011 and the Money Laundering RegulationsRegulations 2007.

Tuckers Solicitors specialist lawyers have vast experience and knowledge in the investigation and defence of money laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the Fraudmoney laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the laundering or related offences arising under the Proceeds of Crime Act 2002, Money Laundering Regulations 2003 and the FraudMoney Laundering Regulations 2003 and the Laundering Regulations 2003 and the Fraud Act.

This case arose out of the 2007 Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, SOR / 2007 -293, which required lawyers to keep records of clients» identifying information, and the details and purpose of their financial transactions.

At that time, lawyers were made subject to the Suspicious Transaction Regulations enacted under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, S.C. 2000, c. 17 (the «Act»).

Advising and acting for solicitors in court proceedings (alongside SRA referral) arising out of alleged breaches by the solicitor of the Money Laundering under the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007.

Be aware that «money transmitters» are also highly regulated under each state's laws, many of which require advance licensure; however, because state money transmitting laws are typically aimed at consumer protection rather than anti-money laundering, we do not address the issue of state regulation here other than to note that there is no uniform licensing scheme across the 50 states.

Issued last month, the FinCEN guidance requires intermediaries that handle virtual currency to register as money services businesses and to follow reporting and record - keeping regulations under the Bank Secrecy Act (BSA), including know - your - customer (KYC) and anti-money laundering (AML) requirements.

eIV is recognized under the «Know your Customer» regulations as a suitable countermeasure against fraud and money laundering.