Sentences with phrase «unlicensed money»

On Thursday, an indictment was unsealed against Alexander Vinnik, one of BTC - e operators by Department of Justice who charged him with operating unlicensed money transmittal activity and theft of approximately 400 $ from Mt Gox exchange which is defunct presently.

According to authorities in those states, the individuals in question operated as unlicensed money transmitters, thus violating the states» financial licensure laws.

According to authorities in those states, the individuals in question operated as unlicensed money transmitters, thus violating the states» financial licensure laws.

The primary charge against him is that he has been conducting unlicensed money transmission without reporting it to the US Government.

«Any group or individual developer who both (A) sold newly created tokens to buyers (i.e. had an ICO) involving U.S. residents and (B) failed to register with FinCEN as a money transmitter, and perform the associated compliance KYC / AML obligations, can be charged under a federal felony criminal statute, 18 U.S.C § 1960, with unlicensed money transmission.

Vladamir Kats pleaded guilty later in 2013 to money laundering and operating an unlicensed money transmitting business.

Former BitInstant CEO and Bitcoin Foundation board member Charlie Shrem was sentenced this afternoon to two years in prison after pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business.

Yuri Lebedev and Trevor Gross stood trial on February 16, 2017, in Manhattan federal court on charges of conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business, stemming from their involvement with the unlicensed bitcoin exchange Coin.mx.

In the US, the Department of Justice (DOJ) formally indicted Vinnik on 21 charges related to money laundering and the operation of an unlicensed money exchange.

He is accused of selling bitcoin to an undercover agent who posed as a butane hash oil manufacturer, as well as operating an unlicensed money transmitting business.

For instance, Liberty Reserve «s CTO was operating an unlicensed money transmitting business which processed more than $ 16 billion through the firm's digital currency system.

This will sound eerily similar to today - The SEC said it was an unlicensed money transmitter.

Question for becoming a teller: if most AML laws impose extra scrutiny on «aggregation accounts» (ie where I am bringing in money flows from outside my core business such as becoming an unlicensed Money Service Business) won't my bank have issues with this?

The U.S. Department of Justice (DoJ) has filed a lawsuit against digital payment processor Payza for allegedly operating an unlicensed money service business that processed more than $ 250 million in transactions.

These counts include: Conspiracy to Operate an Unlicensed Money Transmitting Business, Conspiracy to Launder Monetary Instruments, Operation of an Unlicensed Money Transmitting Business, and Operation of an Unlicensed Money Transmission Business.

Charlie Shrem, the founder of BitInstant, a New York based Bitcoin exchange, has pleaded guilty to aiding an unlicensed money - transmitting operation

Prosecutors said Kassin operated an unlicensed money transmitting business in his home from mid-2007 through 2008.

Global Client Solutions, one of the major escrow companies that handles funds for debt settlement clients, was charged with being an unlicensed money transmitter by the state of Connecticut and then entered into a consent order to...

A bitcoin trader on exchange platform LocalBitcoins and his father have been sentenced to prison terms after being convicted of running an unlicensed money transmission business.

So it seems, Shrem is stepping away from finance, not a particularly surprising move with his founding of early bitcoin payment startup, BitInstant, getting him more than a year in federal prison for aiding and abetting the operation of an unlicensed money transmitting business.

Vinnik was charged with operating an unlicensed money service business, conspiracy to commit money laundering, 17...

Last year, a Louisiana chiropractor and his son pleaded guilty to operating an unlicensed money servicing business in which they sold over $ 3.5 million USD in Bitcoin for fiat currency.

A Detroit bitcoin trader was sentenced Monday to 366 days in jail for operating an unlicensed money services business.

This will sound eerily similar to today - The SEC said it was an unlicensed money transmitter.

Digital payment processor Payza has been charged by the U.S. government with running an unlicensed money services business.