Anti-Money Laundering Quotes

The Obama administration made it illegal for me to loan any money to anyone in the military. I have one compliance guy just for a pawn shop. It's everything from Homeland Security, FBI, the local police department, IRS - all these regulations I have to keep an eye on constantly, and it's just overwhelming for a small business.

I am not opposed to video gambling as long as it is properly regulated and regulators are diligent about keeping bad actors from having any involvement with the industry.

We have put in place policies through supervision and regulation that has greatly enhanced the safety and soundness of the banking system.

There must be more rigorous enforcement of rules promoting transparency in the international banking and financial systems, especially more stringent KYC rules on customer identity, source of wealth, and even country of origin.

You have safety and soundness as primary purpose of the Federal Reserve, the OCC, and the other agencies which control banking regulation.

Collective European Union action could mean no hiding places for evaders, no safe haven for tax avoiders, and no treasure islands for money launderers.

There are some terrorist organizations, there are some organized crime organizations, that launder money through charities and make donations to charities. That's not the purpose of charitable donations in Canada, so we're becoming increasingly strict on the subject.

It's important to understand how Coinbase thinks about regulation and compliance in the digital currency space. As an exchange, we view compliance as key to digital currency's success.

At the World Bank, we are already working with our clients in developing countries to improve their governance systems, collect taxes, fight corruption, and recover stolen assets.

Getting in the middle of financial transactions is a regulatory minefield.

At Coinbase, our first priority is to ensure that we operate the most secure and compliant digital currency exchange in the world.

Current money laundering enforcement practices are the kind of blanket search that the writers of the Constitution sought to prohibit.

Washington should revive international efforts begun during the Clinton administration to pressure countries with dangerously loose banking regulations to adopt and enforce stricter rules.

In the United States there are only two exceptions: banks have to report deposits they suspect to be related to either terrorism or drug trafficking. But if your funds derive from trafficking women and children for sexual exploitation, for example, or from illegal arms trafficking or any other illegal activity, then banks in the US are legally free to accept your money and are not required to report your deposit to the authorities.