Posts Tagged ‘money laundering’
Bill Winters: Digital Money Laundering
on Monday, May 21, 2018Bill Winters Money Quote saying digital crime is increasingly sophisticated and the bad guys appear to be winning at money laundering. Bill Winters said:
“Criminals are no longer simply winning when it comes to money laundering; they’re harnessing a growing arsenal of digital capabilities to completely change the game.” — Bill Winters
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Joseph Stiglitz: Bitcoin Money Laundering
on Saturday, February 3, 2018Joseph Stiglitz Money Quote saying he believes that people want digital currency like Bitcoin only to circumvent the law – so he thinks it will implode without illicit uses. Joseph Stiglitz said:
“When you regulate it so you couldn’t engage in money laundering, there will be no demand for Bitcoin” — Joseph Stiglitz
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Ron Wyden: Money Laundering Trump
on Thursday, May 25, 2017Ron Wyden Money Quote saying Money laundering or improper financial dealings with Russian government should be the focus of investigations into Donald Trump campaign. Ron Wyden said:
“The committee needs to follow the money wherever it leads. Because if money laundering, corruption of any kind, or fishy real estate deals point to the Russian oligarch’s criminal elements, then the Russian government may only be a step or two away from us” — Ron Wyden
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Maria T. Vullo: Money Laundering Bank
on Tuesday, August 23, 2016Maria T. Vullo, New York Department of Financial Services Superintendent said:
“DFS will not tolerate the flagrant disregard of anti-money laundering laws and will take decisive and tough action against any institution that fails to have compliance programs in place to prevent illicit transactions. The compliance failures that DFS found at the New York Branch of Mega Bank are serious, persistent and affected the entire Mega banking enterprise and they indicate a fundamental lack of understanding of the need for a vigorous compliance infrastructure. DFS’s recent examination uncovered that Mega Bank’s compliance program was a hollow shell, and this consent order is necessary to ensure future compliance” — Maria T. Vullo
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