PDF-Recommendations to prevent virtual currencies from being used for fraudulent purposes

REGULATING VIRTUAL CURRENCIES virtual currencies from being used for fraudulent purposes and money laundering Virtual Currencies Working Group June 2014 2 Background In 2011 x2013 2012 Tra. Dr. Abdullahi Y. Shehu. Director General, GIABA. Presented to the Commissioners of the West Africa Commission on Drugs (WACD), Accra, Ghana. 29 April 2013. Presentation Overview. Regional Context – the facts. THE FATF RECOMMENDATIONS. Presented by . ERM Institute. 1. A. AML/CFT POLICIES AND COORDINATION. . 2. THE FATF RECOMMENDATIONS. Assessing risks and applying a risk-based approach *. Countries should identify, assess, and understand the money laundering and terrorist financing risks for the country, and should take action, including designating an authority or mechanism to coordinate actions to assess risks, and apply resources, aimed at ensuring the risks are mitigated effectively. Based on that assessment, countries should apply a risk-based approach (RBA) to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified. This approach should be an. JACKPOT! MONEY LAUNDERING HROUGH INE Jackpot! Money Laundering Through Online Gambling McAfee Labs Executive Summary INTRODUCTSince the genesis of online gambling in the mid-1990s, the prolif the anti-money laundering . Svitlana Zalishchuk, Ukraine. Many Voices, One purpose: The 6th Financial Transparency Conference. Meeting of the Russian . Church. Patriarch . and Minister for . Justice.  On money laundering and fighting with it. . The internationalization of crime occurs with the formation of international financial networks, systems of International Settlements, the increasing of migration, formation of multinational mega policies, setting clear boundaries, uneven distribution of resources within and between countries, etc.. “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. THE FATF RECOMMENDATIONS. Presented by . ERM Institute. 1. A. AML/CFT POLICIES AND COORDINATION. . 2. THE FATF RECOMMENDATIONS. Assessing risks and applying a risk-based approach *. Countries should identify, assess, and understand the money laundering and terrorist financing risks for the country, and should take action, including designating an authority or mechanism to coordinate actions to assess risks, and apply resources, aimed at ensuring the risks are mitigated effectively. Based on that assessment, countries should apply a risk-based approach (RBA) to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified. This approach should be an. By Robin Nelen n elen_robin@me.com Index ► What are Crypto Currencies : explained with Bitcoin . ► The story of B itcoin ► Different Crypto Coins : crypto - compare ► Buy Crypto Currencie The Desired Brand Effect Stand Out in a Saturated Market with a Timeless Brand Anti-money laundering - what you need to know. Why does preventing money laundering matter? . Not a victimless crime. Organised crime has a massive impact on the prosperity of the UK. Reputational risk to the legal sector . Esther Aikiriza Kagira ,. Manager, Strategic Analysis AND STATISTICS. Financial Intelligence Authority -UGANDA. Structure of Presentation. Role of Financial intelligence Authority. Money Laundering (ML) and Terrorism Financing (TF)/PF. ”. HO . KYC DEPARTMENT. E-mail : ho.kycamlcell@psb.co.in. Preface. It has come to the notice of Reserve Bank of India that unscrupulous elements are defrauding and misleading members of public by using innovative modus operandi including social media techniques, mobile phone calls, etc. In view of this, the Reserve Bank cautions members of public to be aware of fraudulent messages, spurious calls, unknown links, false notifications, unauthorized QR Codes, etc. promising help in securing concessions / expediting response from banks and financial service providers in any manner.. 2. Introduction. 3. Objectives . What is Money Laundering & Sanctions?. Understand what are the PMLA regulatory obligations. Understand the Key Components of AML and Sanctions compliance program. Trade-Based . Money Laundering . Generates corruption and crime. Loss . of tax . revenue (evasion of . the customary . fees and . taxes paid by law-abiding . importers, e.g. bank fees, sales taxes, importation taxes).