Home | Switch to Full version | Figures | Payment systems | Banks | Plastic cards | Ecommerce-checked | Markets | Mobile finances | Investment industry | Caricatures | Fraud | Analytics | Other themes | Law aspects

Liberty Reserve reportedly follows e-gold’s fate with anti-money laundering

September 2, 2010 - 1:47am
Liberty Reserve reportedly follows e-gold’s fate with anti-money laundering

Liberty Reserve has recently introduced an anti-money laundering policy which was accepted by some users as a potential threat to their funds and subsequent devaluation of the services offered by the payment processor and as a result liquidity diminution.
 
The new policy says:
 
LIBERTY RESERVE S.A. views Money Laundering as a serious criminal offence, and as such, complies with regulatory requirements intended to forestall and prevent money laundering. These include:
 
·         Verifying the identity of our Exchangers, in addition requesting from them a compromise to verify the identity of their direct clients. The identity of any direct client of LIBERTY RESERVE S.A. will be verified according to the Costa Rican laws.
·         Retaining transaction and identification records for a minimum period of five years.
·         Training staff continuously in terms of anti-money laundering regulations.
·         Appointing compliance officer responsible for monitoring and reporting any and all suspicious activities.
·         Supervise and oversea that all transactions and information in the system is correct and complies with Law No. 8204 and applicable laws.
 
Correspondingly Liberty Reserve payment processor has introduced some amendments into its Terms of Use:
 
12.2. Issuer may at any time restrict or terminate an Account without notice in case: (i) you breach any condition of these Terms of Use or any other condition applicable to specific services covered by separate terms and conditions; (ii) violate any applicable law or regulation, (iii) Issuer suspects User receipt of potentially fraudulent funds; (iv) Issuer must comply with money laundering investigations conducted by competent government authorities agencies or commissions; or (v) Issuer must comply with other investigations conducted by competent government authorities, agencies or commissions;
 
These facts made some users to make such a conclusion: “LR accounts will be blocked by a chain as Paypal, E-gold etc...”
 
One user said in a posting at the popular money forum: “I'm just warn you 10-15 days, and LR will be like e-gold. History repeats.... Providing LIBERTY RESERVE S.A. with false identification or contact details will be deem as a misuse of our terms of service. LIBERTY RESERVE S.A. is legally bound to report such misdemeanors to the Costa Rican authorities, and as such you may be the subject to a criminal investigation.”
 
Well, what is actually behind the new rules remains to be seen in the future. At the moment we can only guess and wait.

Comments

September 6, 2010 - 9:42pm — Anonymous cheap ghd
cheap ghd ghd iv styler ghd flat iron cheap ghds ghd for sale ghd hair straightener cheap ghd hair straightener ghd cheap ghd mk4 straighteners ghd straighteners ghd straighteners sale ghd hair straighteners cheap ghd straighteners discount ghd discount ghd straighteners ghd hair straightener sale green envy ghd ghd green envy green envy ghd iv styler ghd iv green envy styler green envy ghd straighteners purple indulgence ghd ghd purple indulgence purple indulgence ghd iv styler ghd iv purple indulgence styler purple indulgence ghd straighteners red lust ghd ghd red lust red lust ghd iv styler ghd iv red lust styler red lust ghd straighteners blue serenity ghd ghd blue serenity blue serenity ghd iv styler ghd iv blue serenity styler blue serenity ghd straighteners Limited Edition ghd precious gift set precious ghd iv styler limited edition precious ghd limited edition gift sest ghd precious gift set ghd precious cheap ghd precious cheap ghd precious limited edition ghd precious limited edition limited edition ghd precious Precious ghd straighteners Limited Editon ghd straighteners pink ghd pink ghd iv styler pink ghd limited edition pink ghd hair straightener pink ghd straighteners pink ghd limited edition ghd mini ghd iv mini styler ghd mini straighteners gold ghd ghd iv gold styler gold ghd iv limited edition gold ghd iv styler gold ghd straighteners ghd kiss ghd iv kiss styler pink ghd iv kiss styler ghd kiss straighteners pink kiss ghd hair straightener hot pink ghd ghd iv hot pink styler hot pink ghd iv styler hot pink ghd straighteners purple ghd ghd iv purple styler purple ghd limited edition purple ghd iv styler limited edition purple ghd straighteners purple ghd straighteners ghd iv salon styler ghd salon straighteners ghd black ghd iv black styler black ghd straighteners ghd dark ghd iv dark styler pure black ghd straighteners pure black ghd iv styler white ghd straighteners pure white ghd iv styler ghd rare ghd rare straighteners ghd benefit ghd benefit straighteners cheap ghd ghd iv styler ghd flat iron cheap ghds ghd for sale ghd hair straightener cheap ghd hair straightener ghd cheap ghd mk4 straighteners ghd straighteners ghd straighteners sale ghd hair straighteners cheap ghd straighteners discount ghd discount ghd straighteners ghd hair straightener sale green envy ghd ghd green envy green envy ghd iv styler ghd iv green envy styler green envy ghd straighteners purple indulgence ghd ghd purple indulgence purple indulgence ghd iv styler ghd iv purple indulgence styler purple indulgence ghd straighteners red lust ghd ghd red lust red lust ghd iv styler ghd iv red lust styler red lust ghd straighteners blue serenity ghd ghd blue serenity blue serenity ghd iv styler ghd iv blue serenity styler blue serenity ghd straighteners Limited Edition ghd precious gift set precious ghd iv styler limited edition precious ghd limited edition gift sest ghd precious gift set ghd precious cheap ghd precious cheap ghd precious limited edition ghd precious limited edition limited edition ghd precious Precious ghd straighteners Limited Editon ghd straighteners pink ghd pink ghd iv styler pink ghd limited edition pink ghd hair straightener pink ghd straighteners pink ghd limited edition ghd mini ghd iv mini styler ghd mini straighteners gold ghd ghd iv gold styler gold ghd iv limited edition gold ghd iv styler gold ghd straighteners ghd kiss ghd iv kiss styler pink ghd iv kiss styler ghd kiss straighteners pink kiss ghd hair straightener hot pink ghd ghd iv hot pink styler hot pink ghd iv styler hot pink ghd straighteners purple ghd ghd iv purple styler purple ghd limited edition purple ghd iv styler limited edition purple ghd straighteners purple ghd straighteners ghd iv salon styler ghd salon straighteners ghd black ghd iv black styler black ghd straighteners ghd dark ghd iv dark styler pure black ghd straighteners pure black ghd iv styler white ghd straighteners pure white ghd iv styler ghd rare ghd rare straighteners ghd benefit ghd benefit straighteners cheap ghd ghd iv styler ghd flat iron cheap ghds ghd for sale ghd hair straightener cheap ghd hair straightener ghd cheap ghd mk4 straighteners ghd straighteners ghd straighteners sale ghd hair straighteners cheap ghd straighteners discount ghd discount ghd straighteners ghd hair straightener sale green envy ghd ghd green envy green envy ghd iv styler ghd iv green envy styler green envy ghd straighteners purple indulgence ghd ghd purple indulgence purple indulgence ghd iv styler ghd iv purple indulgence styler purple indulgence ghd straighteners red lust ghd ghd red lust red lust ghd iv styler ghd iv red lust styler red lust ghd straighteners blue serenity ghd ghd blue serenity blue serenity ghd iv styler ghd iv blue serenity styler blue serenity ghd straighteners Limited Edition ghd precious gift set precious ghd iv styler limited edition precious ghd limited edition gift sest ghd precious gift set ghd precious cheap ghd precious cheap ghd precious limited edition ghd precious limited edition limited edition ghd precious Precious ghd straighteners Limited Editon ghd straighteners pink ghd pink ghd iv styler pink ghd limited edition pink ghd hair straightener pink ghd straighteners pink ghd limited edition ghd mini ghd iv mini styler ghd mini straighteners gold ghd ghd iv gold styler gold ghd iv limited edition gold ghd iv styler gold ghd straighteners ghd kiss ghd iv kiss styler pink ghd iv kiss styler ghd kiss straighteners pink kiss ghd hair straightener hot pink ghd ghd iv hot pink styler hot pink ghd iv styler hot pink ghd straighteners purple ghd ghd iv purple styler purple ghd limited edition purple ghd iv styler limited edition purple ghd straighteners purple ghd straighteners ghd iv salon styler ghd salon straighteners ghd black ghd iv black styler black ghd straighteners ghd dark ghd iv dark styler pure black ghd straighteners pure black ghd iv styler white ghd straighteners pure white ghd iv styler ghd rare ghd rare straighteners ghd benefit ghd benefit straighteners cheap ghd ghd iv styler ghd flat iron cheap ghds ghd for sale ghd hair straightener cheap ghd hair straightener ghd cheap ghd mk4 straighteners ghd straighteners ghd straighteners sale ghd hair straighteners cheap ghd straighteners discount ghd discount ghd straighteners ghd hair straightener sale green envy ghd ghd green envy green envy ghd iv styler ghd iv green envy styler green envy ghd straighteners purple indulgence ghd ghd purple indulgence purple indulgence ghd iv styler ghd iv purple indulgence styler purple indulgence ghd straighteners red lust ghd ghd red lust red lust ghd iv styler ghd iv red lust styler red lust ghd straighteners blue serenity ghd ghd blue serenity blue serenity ghd iv styler ghd iv blue serenity styler blue serenity ghd straighteners Limited Edition ghd precious gift set precious ghd iv styler limited edition precious ghd limited edition gift sest ghd precious gift set ghd precious cheap ghd precious cheap ghd precious limited edition ghd precious limited edition limited edition ghd precious Precious ghd straighteners Limited Editon ghd straighteners pink ghd pink ghd iv styler pink ghd limited edition pink ghd hair straightener pink ghd straighteners pink ghd limited edition ghd mini ghd iv mini styler ghd mini straighteners gold ghd ghd iv gold styler gold ghd iv limited edition gold ghd iv styler gold ghd straighteners ghd kiss ghd iv kiss styler pink ghd iv kiss styler ghd kiss straighteners pink kiss ghd hair straightener hot pink ghd ghd iv hot pink styler hot pink ghd iv styler hot pink ghd straighteners purple ghd ghd iv purple styler purple ghd limited edition purple ghd iv styler limited edition purple ghd straighteners purple ghd straighteners ghd iv salon styler ghd salon straighteners ghd black ghd iv black styler black ghd straighteners ghd dark ghd iv dark styler pure black ghd straighteners pure black ghd iv styler white ghd straighteners pure white ghd iv styler ghd rare ghd rare straighteners ghd benefit ghd benefit straighteners
September 6, 2010 - 9:44pm — Anonymous nike air max 95
radii shoes radii shoes for sale cheap radii shoes discount radii shoes radii for sale radii sneakers cheap radii sneakers radii footwear radii footwear for sale cheap radii footwear discount radii footwear radii footwear sale radii shoes cheap radii spring 2010 radii 420 top radii 420 cheap radii 420 top discount radii 420 top radii 420 top sale cheap radii 420 discount radii 420 radii 420 sale radii 420 shoes radii straight shoes radii straight jackets radii straight jacket shoes radii straight jacket 2010 radii strangler shoes cheap radii strangler shoes radii strangler shoes sale radii timeless deluxe cheap radii timeless deluxe radii timeless deluxe sale radii shoes women radii strangler women radii footwear women nike air max 95 cheap nike air max 95 nike air max 95 sale nike air max 90 cheap nike air max 90 nike air max 90 sale nike air max 2009 cheap nike air max 2009 nike air max 2009 sale nike air max 2010 cheap nike air max 2010 nike air max 2010 sale nike air max 91 cheap nike air max 91 nike air max 91 sale nike air max skyline nike air max skyline sale cheap nike air max skyline jordan shoes cheap jordan shoes jordan shoes for sale jordan shoes cheap cheap air jordan shoes cheap jordan shoes for sale cheap jordan sneakers cheap jordan retro discount jordan shoes cheap jordans air jordan heels cheap air jordan high heels womens jordans heels jordan women high heels jordan women boots high heels jordans cheap air jordan heels air jordan heels sale jordan heels air jordan high heels jordan high heels boots jordan heels air jordan women boots air jordan women's shoes air jordan boots jordan high heels nike air jordan high heels ato matsumoto shoes ato shoes ato shoes sale cheap ato shoes ato matsumoto sneakers cheap ato matsumoto shoes ato matsumoto sale ato matsumoto shoes sale creative recreation shoes cr shoes cheap cr shoes cr shoes sale creative recreation sneakers creative recreation cesario creative recreation sale cheap creative recreation shoes creative recreation shoes sale ken griffey shoes cheap ken griffey shoes ken griffey shoes sale Nike Ken Griffey shoes Nike air Griffey shoes air griffey max 1 air griffey max 1 for sale nike air griffey max 1 cheap Ken Griffey nike ken griffey cheap Nike Ken Griffey nike Ken Griffey sale nike air 1/2 cent nike air 1/2 cent penny nike air 1/2 cent penny for sale nike air 1/2 cent penny hardaway nike air 1/2 cent cranberry nike air 1/2 half cent penny cranberry nike air 1/2 half cent penny nike air penny 1/2 cent nike air 1/2 cent sneakers nike air penny shoes air penny 1/2 cent nike air peeny shoes nike air max penny 1 nike air penny hardaway air max penny 1 for sale cheap nike air penny air penny 1/2 cent nike air max 24 7 nike air max 24 7 shoes nike air max 24 7 sneakers chea nike air max 24 7 nike air max 24 7 sale nike air max 24 7 cheap cheap air max 24 7 discount nike air max 24 7 nike air max 24 7 neon nike air max 24 7 black grey volt nike air max 24 7 chili nike air max 24 7 black green nike air max 24 7 purple nike air max 24/7 radii shoes radii for sale cheap radii shoes radii shoes sale cheap radii footwear radii footwear sale radii footwear radii 420 top shoes Radii Straight Jacket radii straight shoes radii 420 top sale cheap radii 420 top radii 420 radii 420 shoes radii women radii straight radii timeless deluxe Reebok Shoes reebok pump 20th anniversary reebok pump shoes Reebok pumps Omni lite reebok pumps reebok pumps sale cheap Reebok Shoes Reebok Shoes sale cheap Reebok pumps reebok pump court victory reebok pump omni lite sale reebok pump basketball shoes reebok pump shoes for sale reebok zig pulse zig pulse shoes cheap zig pulse shoes cheap reebok zig pulse Reebok Zig Pulse
Home | Switch to Full version | Figures | Payment systems | Banks | Plastic cards | Ecommerce-checked | Markets | Mobile finances | Investment industry | Caricatures | Fraud | Analytics | Other themes | Law aspects