Sentence examples for facilitating money from inspiring English sources

"It is recognised that some money service businesses don't have the proper checks in place to spot criminal activity and could therefore unwittingly be facilitating money laundering and terrorist financing," said Barclays.

So, how to square this commitment to exploring new models of banking with the poor, with its decision to stop facilitating money transfers from the UK to those that fail to meet the regulatory criteria in Somalia?

HSBC and Standard Chartered have been hit by penalties totalling $3bn between them in the last three years for infringements relating to inadvertently facilitating money laundering or breaching sanctions.

The current boom was bolstered last year by a law that allowed investors to put money into stocks without having to explain its origin — effectively facilitating money laundering, critics said.

"It is recognized that some money service businesses don't have the proper checks in place to spot criminal activity and could unwittingly be facilitating money laundering and terrorist financing," the bank said in a statement.

Meanwhile, hopes that a new regime in the Justice Department might put an end to this practice must contend with this fact: Loretta Lynch, nominated to become attorney general, touts her record on financial fraud with a case against HSBC for facilitating money laundering.

Sharpe points to the fact when HSBC was recently fined $1.9bn by the US authorities for facilitating money-laundering by terrorists and drug-runners in Mexico and Colombia, head of compliance David Bagley resigned, but no other senior executive was punished.

"Some money service businesses don't have the proper checks in place to spot criminal activity and could therefore unwittingly be facilitating money-laundering and terrorist financing," Barclays said in a statement last month.

In 2015 the bank was fined £28m by Swiss regulators for "organisational deficiencies" which facilitated money laundering and tax evasion.

The transactions, the report says, "lack obvious economic purpose and could be used to facilitate money laundering or other illicit conduct".

Wealthy nations now keep a blacklist of countries that facilitate money laundering, which has pushed Panama, the Cayman Islands and others into some reforms.