Sentence examples for laundering procedures from inspiring English sources
They also establish record-keeping and anti-money laundering procedures.
Senior management at the bank are said to have codified their laundering procedures – known as "wire-stripping" – in formal operating manuals.
Despite markets pausing for breath after recent rises, Standard Chartered shook off news that it would pay a $300m penalty to US authorities for lapses in its anti-money laundering procedures.
We also enhanced both our "know-your-customer" procedures, including an independent validation by auditors, and our anti-money laundering procedures to ensure a more complete consideration of a new client's source of wealth.
FINTRAC did recently audit 80 realtor offices and found most weren't following basic anti-money laundering procedures.
The OCC found the bank's anti-money laundering procedures inadequate and ordered it to better determine the source and destination of the funds it was wiring.
In an interview last week, Mr. Valenti declined to discuss any board matters at length, including how closely the board has monitored Riggs' anti-money-laundering procedures.
See articleBenjamin Lawsky, New York state's financial regulator, slapped a $300m fine on Standard Chartered for failing to comply with anti-money-laundering procedures it had agreed to as part of a previous settlement in 2012.
M&T Bank said on Friday that a review by the Federal Reserve of its anti-money-laundering procedures and systems would delay the closing of its $3.7 billion acquisition of Hudson City Bancorp.
"Sharif was involved in evasion of taxes, money laundering, circumventing procedures and railroading legislation specifically to benefit family concerns," Farouk Adam Khan, the chief corruption prosecutor, said.
To that end, along with the security of its assets, Coinfloor's big pitch is that it's intending to be "fully compliant" (though technically, like other exchanges, it's unregulated for now) and is employing full electronic Know Your Customer (KYC) and Anti Money Laundering (AML) procedures to ensure the integrity of its users and traders, "far above and beyond what is required" by regulators.
