{"id":2510,"date":"2018-10-10T23:29:48","date_gmt":"2018-10-10T23:29:48","guid":{"rendered":"https:\/\/www.ictrechtswijzer.be\/?page_id=2510"},"modified":"2018-10-10T23:37:28","modified_gmt":"2018-10-10T23:37:28","slug":"money-laundering-typologies-and-crypto-currencies","status":"publish","type":"page","link":"https:\/\/www.ictrechtswijzer.be\/en\/witwastypologieen-en-cryptomunten\/","title":{"rendered":"Money laundering typologies and crypto currencies"},"content":{"rendered":"

The Financial Information Processing Unit and money laundering typologies.<\/h2>\n
\n
\n

The Financial Intelligence Processing Unit (CTIF-CFI) is the organization that receives disclosures about unusual transactions. They must determine whether an unusual transaction is also a suspicious transaction.<\/p>\n

This assessment uses money laundering typologies. These are behaviors that CTIF-CFI believes can be associated with money laundering.<\/p>\n<\/div>\n<\/div>\n

Money laundering typologies for cryptocurrencies:<\/h2>\n
\n
\n

Since September 2018, CTIF-CFI has now established typologies for trading cryptocurrencies (such as Bitcoin, Monero, Ether):<\/p>\n<\/div>\n<\/div>\n

<\/div>\n
\n
\n

- a large number of transfers from third parties followed by transfers to platforms for the
\nexchange of virtual currency;
\n- sales of virtual currency immediately followed by cash withdrawals;
\n- the client provides financial services (platforms for the exchange of virtual currency) without doing so
\nhave a permit;
\n- the client cannot show that he has fulfilled all of his tax obligations, although he is apparently on
\nregularly exchanges virtual currency (exchange platforms);
\n- vague or contradictory statements by the client about the origin of the funds;
\n- there is no economic justification for the operations ;
\n- operations do not match the client's profile;
\n- rounded amounts are credited to a bank account, followed by transfers to
\nplatforms for the exchange of virtual currency. This can be explained by the fact that the client and
\naccount holder is an intermediary who handles criminal money on behalf of a criminal organization
\nwhitewash;
\n- virtual currency transactions take place through virtual currency exchange platforms
\nlocated in jurisdictions where there is little or no oversight of exchange platforms;
\n- repeated transfers and without clear justification of funds coming from
\nCompanies operating BTMs (to exchange cash into virtual currency);
\n- the client uses \"over-the-counter\" platforms to exchange virtual currency, such platforms
\npromote anonymous exchange transactions between individuals, sometimes in exchange for cash and
\nreversed (LocalBitcoin, for example);
\n- the documents presented by the client as evidence of his investments in crypto currencies
\nare of poor quality, incomplete, falsified or contain very little information about the
\ninvestment proposal.<\/p>\n

On the\u00a0CTIF-CFI's website<\/a>\u00a0you will find more information about these typologies.<\/p>\n<\/div>\n<\/div>\n

From reporting to suspicion of money laundering<\/h2>\n
\n
\n

If conduct surrounding a transaction falls under one or more of the typologies, that does not mean criminal money laundering. It merely provides a\u00a0suspicion<\/em>\u00a0of money laundering on.<\/p>\n

As soon as CTIF-CFI suspects money laundering the case can be forwarded to the Public Prosecutor \"s Office or the CTIB. They then determine whether there are sufficient indications to designate the individual as a money laundering suspect.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n

Everest Lawyers is committed to the legal development of cryptocurrencies.<\/h2>\n
\n
\n

Besides a lot of technical questions, crypto trading also raises a large number of legal questions. For example, to what extent must traders engage in customer due diligence? Can individuals be expected to check whether Bitcoins come from a crime, and what is the problem with buying Bitcoins with cash anyway?<\/p>\n

We note that the Prosecutor's Office is particularly critical of cryptocurrency trading. In our opinion, the Prosecution places too much responsibility on traders, which can seriously hinder cryptocurrency trading.<\/p>\n

Everest Lawyers is one of the few firms specializing in money laundering cases involving cryptocurrencies. We are committed to ensuring that judges can make the best possible and informed decision in these future-defining criminal cases.<\/p>\nAre you suspected of laundering Bitcoins or do you expect your bank to report an unusual transaction to CFI? Contact a specialized lawyer<\/a>\n

 <\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

De Cel voor Financi\u00eble Informatieverwerking en witwastypologie\u00ebn De Cel voor Financi\u00eble Informatieverwerking (CFI) is de organisatie die meldingen over ongebruikelijke transacties in ontvangst neemt. Zij moeten bepalen of een ongebruikelijke transactie ook een verdachte transactie is. Bij die beoordeling wordt gebruik gemaakt van witwastypologiee\u00ebn.\u00a0Dit zijn gedragingen die volgens de CFI in verband met witwassen kunnen […]<\/p>\n","protected":false},"author":1,"featured_media":2515,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-2510","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nWitwastypologie\u00ebn en cryptomunten - ICT Rechtswijzer Advocaat<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ictrechtswijzer.be\/en\/money-laundering-typologies-and-crypto-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Witwastypologie\u00ebn en cryptomunten\" \/>\n<meta property=\"og:description\" content=\"De Cel voor Financi\u00eble Informatieverwerking en witwastypologie\u00ebn De Cel voor Financi\u00eble Informatieverwerking (CFI) is de organisatie die meldingen over ongebruikelijke transacties in ontvangst neemt. Zij moeten bepalen of een ongebruikelijke transactie ook een verdachte transactie is. Bij die beoordeling wordt gebruik gemaakt van witwastypologiee\u00ebn.\u00a0Dit zijn gedragingen die volgens de CFI in verband met witwassen kunnen […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ictrechtswijzer.be\/en\/money-laundering-typologies-and-crypto-currencies\/\" \/>\n<meta property=\"og:site_name\" content=\"ICT Rechtswijzer Advocaat\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-10T23:37:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/10\/bitcoin-2868704_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/\",\"url\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/\",\"name\":\"Witwastypologie\u00ebn en cryptomunten - ICT Rechtswijzer Advocaat\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/bitcoin-2868704_1920.jpg\",\"datePublished\":\"2018-10-10T23:29:48+00:00\",\"dateModified\":\"2018-10-10T23:37:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/bitcoin-2868704_1920.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/bitcoin-2868704_1920.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/witwastypologieen-en-cryptomunten\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Witwastypologie\u00ebn en cryptomunten\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#website\",\"url\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/\",\"name\":\"ICT Rechtswijzer Advocaat\",\"description\":\"Advocaten in IP, AI, IT, privacy & media\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"LegalService\"],\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#organization\",\"name\":\"ICT Rechtswijzer\",\"alternateName\":\"ICT Rechtswijzer, kennisplatform van Everest Advocaten\",\"url\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/joris-deene-auteursrecht-in-een-digitale-omgeving-1-638.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/joris-deene-auteursrecht-in-een-digitale-omgeving-1-638.jpg\",\"width\":638,\"height\":479,\"caption\":\"ICT Rechtswijzer\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ictrechtswijzer.be\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/be.linkedin.com\\\/company\\\/everest-law\",\"https:\\\/\\\/www.everest-law.eu\\\/\"],\"description\":\"Kennisplatform van het departement intellectuele eigendom, IT-recht, AI-recht, gegevensbescherming en mediarecht van Everest Advocaten, onder leiding van mr. Joris Deene.\",\"parentOrganization\":{\"@type\":\"LegalService\",\"name\":\"Everest Advocaten\",\"url\":\"https:\\\/\\\/www.everest-law.eu\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"Bollebergen 2A bus 20\",\"postalCode\":\"9052\",\"addressLocality\":\"Gent\",\"addressCountry\":\"BE\"}}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Money laundering typologies and crypto currencies - ICT Lawyer's Guide","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ictrechtswijzer.be\/en\/money-laundering-typologies-and-crypto-currencies\/","og_locale":"en_US","og_type":"article","og_title":"Witwastypologie\u00ebn en cryptomunten","og_description":"De Cel voor Financi\u00eble Informatieverwerking en witwastypologie\u00ebn De Cel voor Financi\u00eble Informatieverwerking (CFI) is de organisatie die meldingen over ongebruikelijke transacties in ontvangst neemt. Zij moeten bepalen of een ongebruikelijke transactie ook een verdachte transactie is. Bij die beoordeling wordt gebruik gemaakt van witwastypologiee\u00ebn.\u00a0Dit zijn gedragingen die volgens de CFI in verband met witwassen kunnen […]","og_url":"https:\/\/www.ictrechtswijzer.be\/en\/money-laundering-typologies-and-crypto-currencies\/","og_site_name":"ICT Rechtswijzer Advocaat","article_modified_time":"2018-10-10T23:37:28+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/10\/bitcoin-2868704_1920.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/","url":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/","name":"Money laundering typologies and crypto currencies - ICT Lawyer's Guide","isPartOf":{"@id":"https:\/\/www.ictrechtswijzer.be\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/#primaryimage"},"image":{"@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/10\/bitcoin-2868704_1920.jpg","datePublished":"2018-10-10T23:29:48+00:00","dateModified":"2018-10-10T23:37:28+00:00","breadcrumb":{"@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/#primaryimage","url":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/10\/bitcoin-2868704_1920.jpg","contentUrl":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/10\/bitcoin-2868704_1920.jpg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/www.ictrechtswijzer.be\/witwastypologieen-en-cryptomunten\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ictrechtswijzer.be\/"},{"@type":"ListItem","position":2,"name":"Witwastypologie\u00ebn en cryptomunten"}]},{"@type":"WebSite","@id":"https:\/\/www.ictrechtswijzer.be\/#website","url":"https:\/\/www.ictrechtswijzer.be\/","name":"ICT Lawyer","description":"Lawyers in IP, AI, IT, privacy & media","publisher":{"@id":"https:\/\/www.ictrechtswijzer.be\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ictrechtswijzer.be\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Organization","LegalService"],"@id":"https:\/\/www.ictrechtswijzer.be\/#organization","name":"ICT Legal Guide","alternateName":"ICT Rechtswijzer, kennisplatform van Everest Advocaten","url":"https:\/\/www.ictrechtswijzer.be\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ictrechtswijzer.be\/#\/schema\/logo\/image\/","url":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/08\/joris-deene-auteursrecht-in-een-digitale-omgeving-1-638.jpg","contentUrl":"https:\/\/www.ictrechtswijzer.be\/wp-content\/uploads\/2018\/08\/joris-deene-auteursrecht-in-een-digitale-omgeving-1-638.jpg","width":638,"height":479,"caption":"ICT Rechtswijzer"},"image":{"@id":"https:\/\/www.ictrechtswijzer.be\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/be.linkedin.com\/company\/everest-law","https:\/\/www.everest-law.eu\/"],"description":"Knowledge platform of the Intellectual Property, IT Law, AI Law, Data Protection, and Media Law department at Everest Advocaten, led by Joris Deene, Esq.","parentOrganization":{"@type":"LegalService","name":"Everest Advocaten","url":"https:\/\/www.everest-law.eu","address":{"@type":"PostalAddress","streetAddress":"Bollebergen 2A bus 20","postalCode":"9052","addressLocality":"Gent","addressCountry":"BE"}}}]}},"_links":{"self":[{"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/pages\/2510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/comments?post=2510"}],"version-history":[{"count":0,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/pages\/2510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/media\/2515"}],"wp:attachment":[{"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/media?parent=2510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/categories?post=2510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ictrechtswijzer.be\/en\/wp-json\/wp\/v2\/tags?post=2510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}