Sentences with phrase «were money laundering»

Some of the areas of interest were money laundering, price manipulation and whether KYC documents from clients are collected — no doubt the exchanges will ensure compliance.

The main concerns behind this decision were money laundering and price fluctuations.

Then there's the money laundering aspect.

The Money Laundering Act says if you take cash in excess of N5 million transaction, it is money laundering and it is criminal.

Khaled also has ominous looking chemical equipment in his kitchen along with ATM deposit envelopes for what appears to be a money laundering set up for terrorist activities.

An alternative is that this is money laundering, in which case you would become a criminal by being involved.

This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks.

Part of the law IIRC is the money laundering statures, which have swept up small cash businesses who MUST deposit their cash frequently for safety reasons, and get it taken for «structuring».

Like all «green power» and associated activities it is a money laundering scheme to pass taxpayers» money to politically favored groups and individuals.

Not the governments, not Fintrac.I want more controls and heavy fines enforced if there is any money laundering going on.

The full name is Money Laundering and Terrorism Financing Training Course.

What are the risk to realtors both legally and physically assuming that a buyer or seller was suspected and identified incorrectly to be money laundering.

Not exact matches

The Manafort / Gates indictment was unsealed Monday morning, and it contains 12 counts: conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading FARA statements, false statements, and seven counts of failure to file reports of foreign bank and financial accounts.

Manafort and his longtime business associate Rick Gates were indicted last week on charges related to alleged financial crimes that include money laundering and tax fraud.

COPENHAGEN, Denmark — Danish regulators said Thursday that there were «serious shortcomings» in the anti-money laundering operations of Danske Bank» activities in Estonia, following reports this year of money flows from family members of Russian President Vladimir Putin.

The Justice Department's civil case filings say more than $ 700 million was transferred from bank accounts used in the money laundering to the bank account of «Malaysian Official 1.»

Foreigners are coming in and buying up property with anonymous shell companies and some of that is perfectly legitimate but some of it is clearly money laundering and corrupt officials and other people using their cash to park it in property and making it impossible for the people who live there to afford it.

New York's attorney general, Eric Schneiderman, was recruited last month to help investigate Manafort for possible financial crimes and money laundering, and the IRS» criminal - investigations unit joined the investigation to examine similar issues.

The Wall Street Journal reported last week that Manafort was the subject of a new money - laundering investigation in New York.

Colleagues said it would be used for money laundering, drugs, and other illicit activities, he says — the same criticisms lobbed at Bitcoin when it debuted.

«Bitcoin just shows you how much demand for money laundering there is in the world,» the head of the largest asset management firm in the world said Friday.

Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his watch.

They also accused him of helping to run the exchange BTC - e, whose primary purpose was allegedly to launder money.

Chinese regulators have been on the forefront of a global push to rein in the frenzy surrounding cryptocurrencies amid concerns over excessive speculation, money laundering, tax evasion and fraud.

«Bitcoin just shows you how much demand for money laundering there is in the world,» Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting.

The man, Ross Ulbricht, was convicted of seven felonies, including trafficking drugs on the internet, narcotics - trafficking conspiracy, running a continuing criminal enterprise, computer hacking, and money laundering.

That investigation was a routine piece of compliance after Trump became what banks» internal money - laundering police call a «politically exposed person,» or PEP, by announcing his run for the presidency.

That would normally be an end of the matter, but not everyone is inclined to take Deutsche's compliance department at its word after a string of governance scandals in recent years that culminated in a $ 630 million settlement for failing to police money - laundering by its Moscow office last month.

Mr. Siegal is perhaps best known for his victory in defense of high - profile private equity financier Benjamin Wey against federal criminal and civil securities fraud and money laundering charges.

Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23 - count indictment over crimes including computer hacking, securities fraud, wire fraud, identity theft, illegal Internet gambling and conspiring to commit money laundering.

September 14 - The Sunday Times reports the UK Serious Fraud Office is looking into evidence surrounding allegations of possible money laundering and financial fraud, brought against 1MDB by the UK - based Sarawak Report.

He notes there are three criminal cases pending against Deguito in Philippine courts that include allegations of anti - money - laundering violations, perjury, and falsification of documents.

For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man.

After all, the important thing for anyone looking to launder money through a casino isn't to win.

But the system is collapsing as Beijing tightens up on money laundering and capital flight.

Both the Chinese and US governments have made it clear that they fear casinos are used by international criminals to launder money.

Earlier this week, a regulator ordered CBA to keep an extra A$ 1 billion ($ 750 million) in cash reserves as punishment for the alleged money laundering breaches, which it is contesting.

She was convicted of drug conspiracy and money laundering charges — her first offenses — and has been in federal person since 1996.

«They need to bypass the media and communicate directly to get their message through, because whatever they (say) via media it will be put into a whirlpool of Royal Commission, money laundering and other filters,» added Harris, referring to the powerful independent inquiry into the broader finance sector.

The country is inspecting some banks in a crackdown on related money laundering and is considering closing cryptocurrency exchanges.

The Mueller probe has already led to the indictments of several former Trump campaign officials, including onetime campaign chairman Paul Manafort, who is charged with engaging in conspiracy and money laundering.

Deutsche Bank was fined earlier this year as part of a Russian money - laundering scheme that involved its Moscow, New York, and London branches.

Money laundering refers to when illegally obtained money is made to appear as though it came from legitimate souMoney laundering refers to when illegally obtained money is made to appear as though it came from legitimate soumoney is made to appear as though it came from legitimate sources.

The Trump Taj Mahal casino in Atlantic City, New Jersey, was repeatedly cited by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, for having inadequate money - laundering controls.

A lawsuit brought against Sater and others in 2015, which is ongoing, alleges that «for most of its existence it [Bayrock] was substantially and covertly mob - owned and operated,» engaging «in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.»

One of Trump's real - estate advisers in the early 2000s, the Russia - born businessman Felix Sater, was accused nearly two decades ago of being a co-conspirator in a $ 40 million fraud and money laundering scheme involving four Mafia families.

Policymakers were also looking at tightening regulations for remittance companies and money changers, and regulating operators of virtual currencies to boost efforts to combat money laundering, he said.

The CPOT list «is a multiagency target list of the «command and control» elements of the most prolific international drug trafficking and money laundering organizations,» according to the Justice Department.

The Treasury was required to assess North Korea's status as a money laundering jurisdiction under the «North Korea Sanctions and Policy Enhancement Act,» passed nearly unanimously by the U.S. Congress in February.

The Philippine central bank is bolstering cyber security surveillance to help boost banks» defenses and is looking at regulating bitcoin operators to combat money laundering, a senior official said on Saturday.