2024-3-26 18:42 |
The U.S. Department of Justice alleges that KuCoin and its two founders were knowingly involved in money laundering.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.
2024-4-25 22:10 | |
|
|
Hansen's comprehensive breakdown of the EU's Anti Money Laundering Regulation (AMLR) has dispelled misinformation
2024-3-25 22:19 | |
|
|
BKEX, a cryptocurrency exchange, has suspended withdrawals of user funds as it looks into claims that the platform was used for money laundering.
2023-5-30 22:03 | |
|
|
The Indian enforcement directorate froze over $11. 1 million on April 24 as part of an ongoing investigation into money laundering using a cryptocurrency called HPZ token. The funds were seized during searches conducted in three banks and payment gateway providers across the country that served entities involved in money laundering.
2023-4-25 14:15 | |
|
|
Chinese crypto journalist Colin Wu believes that current OKEx withdrawal issues might not be due to alleged money laundering and explains the reasons
2020-10-21 13:03 | |
|
|
The U. S. Department of the Treasury has sanctioned a pair of Chinese nationals who participated in a money laundering scheme involving a cyberattack on a cryptocurrency exchange orchestrated by the infamous Lazarus Group.
2020-3-4 04:12 | |
|
|
The Swiss police have detained three suspects of a cryptocurrency scheme involving money laundering; luxury assets and millions in CHF confiscated
2020-2-5 16:05 | |
|
|
Change is coming to the Crypto Island. The Malta Financial Services Authority (MFSA) has recently promised to “actively monitor” all crypto-related companies in the country to stop them from engaging in money laundering.
2019-9-7 03:16 | |
|
|
Following a Spanish investigation into a gang’s recently-busted money laundering operation, the nation’s police force claim to have exposed gaps in the European Union’s regulations designed to prevent money laundering.
2019-7-12 02:00 | |
|
|
Dutch ministers want to regulate cryptocurrencies as part of a wider effort to tackle money laundering in the country. According to a note sent to parliament on Monday, Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus, Minister of Justice and Security, want to limit the risks associated with cryptocurrencies and make the Netherlands a leader in the fight against money laundering.
2019-7-2 13:03 | |
|
|
By CCN. com: In recent years, government agencies across the world have vamped up their efforts to crackdown on money laundering involving cryptocurrencies like bitcoin. Yet, money laundering scandals involving some of the largest banks in the world dwarf any cryptocurrency-related incidents.
2019-3-29 17:05 | |
|
|
A $9 billion USD money laundering scandal was recently uncovered by the Organized Crime and Corruption Reporting Project, a group of investigative journalists. The scandal involved Troika, the largest private bank of Russia.
2019-3-7 00:09 | |
|
|
Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions.
2019-3-1 21:30 | |
|
|
On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders.
2019-2-4 12:16 | |
|
|
Since Bitcoin burst onto the global stage in 2009, amid the breathtaking Great Recession, the crypto has been lambasted for supposedly being a medium for money laundering, illicit activities, and the like.
2019-1-17 16:24 | |
|
|
The Financial Action Task Force (FATF), an international financial watchdog, has reported last week that the crypto exchanges from the United Kindom represent what can be considered a low risk for money laundering.
2018-12-11 20:06 | |
|
|
The Prosecutor General’s Office of Ukraine has launched criminal proceedings in the case of money laundering via electronic payment systems prohibited in the country.
2018-11-29 17:52 | |
|
|
Nordic banking giant Nordea has been linked to a massive money laundering scheme involving $365 billion of illicit funds.
2018-10-19 19:04 | |
|
|
A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering.
2018-10-13 16:10 | |
|
|
Money laundering and Bitcoin have been entwined for quite some time now. Various incidents take place every single year, and the year 2018 hasn’t been any different. Numerous incidents involving Bitcoin and money laundering have taken place in recent months.
2018-8-7 20:00 | |
|
|
A man from Arizona is facing a 41-month jail time after he was nabbed and convicted of money laundering. The sentence, announced by the DoJ (Department of Justice) came after a jury passed a guilty verdict on Thomas Mario Costanzo.
2018-8-3 13:15 | |
|
|
Auditing giant KPMG publishes study on money laundering via crypto, provides advice for financial institutions
2018-6-29 16:20 | |
|
|
Critics have always been vocal about the potential usage of cryptocurrency in money laundering and the financing of a host of illegal activities. Recently, one more item has been added into their list of potential crypto issues when a cybersecurity consultant warned that these digital assets might be used to disrupt the US election process.
2018-6-29 12:04 | |
|
|
Japan is a very different country when it comes to cryptocurrency activity. With its open-minded approach and legitimization of Bitcoin, an interesting situation has been created. It now seems officials will subject crypto investors to credit evaluations.
2018-6-28 05:00 | |
|
|
South Korea's FSC plans to begin monitoring exchange bank accounts and coin transactions via foreign exchanges to look for signs of money laundering.
2018-6-27 22:29 | |
|
|
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
2018-6-27 20:26 | |
|
|
Now, this intense interest in the country’s virtual currencies space is stoking fears of money laundering from the Russian criminal underground. Pushback Against Illegal Money from Russia According to a report on Politico, Marius Jurgilas – a board member of the Bank of Lithuania – discussed concerns that the Baltic state has with money pouring
2018-6-26 09:18 | |
|
|
The northeastern European country of Lithuania has experienced a boom in cryptocurrency that has been supported by a liberal approach towards regulations in the space. Now, this intense interest in the country’s virtual currencies space is stoking fears of money laundering from the Russian criminal underground.
2018-6-26 05:00 | |
|
|
At press time, bitcoin is retaining its $6,100 price from yesterday. The currency fell to this position from $6,700 after Japan’s Financial Services Agency (FSA) sent notifications to more than five digital currency exchanges saying that they must heighten their security measures against money laundering after noticing weaknesses in their infrastructures. Bitcoin has continued to […]
2018-6-24 23:35 | |
|
|
The cryptocurrency space is filled with crime. Bitcoin and other cryptocurrencies are used everyday for the dealing of contraband goods and prohibited services. Cryptocurrency Exchanges are being hacked and robbed of millions at an increasing rate, money laundering efforts are being aided by various coins, and ICO scams continue to cast doubt over the […] The post Experts say Cryptocurrency Crimes will be on the Rise this Year appeared first on ZyCrypto.
2018-6-24 21:22 | |
|
|
Japan’s Financial Services Agency [FSA] called for improved measures at cryptocurrency exchanges across the country. These measures were for the prevention of money laundering. This marks a concrete move into enforcing AML in Japan, as the regulator moved struck 6 exchanges with business improvement notices.
2018-6-23 08:56 | |
|
|
bitFlyer, Japan’s largest Bitcoin exchange, is being forced to stop taking on new business after regulators said it wasn’t doing enough to stop money laundering and terrorist financing. The move by the Tokyo-based exchange saw a drop in the price of the coin and highlights how the country’s financial watchdog, the Financial Services Agency (FSA),.
2018-6-23 22:00 | |
|
|
The costs of complying with due diligence processes like KYC (Know Your Customer) and AML (anti-money laundering) are rising. With financial firms regularly spending 8. 4x their average compliance costs on KYC amidst growing client complaints about poor KYC experiences, KYC is becoming a growing balance sheet and relationship management liability.
2018-6-22 21:00 | |
|
|
The European Union, on Tuesday, published its Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) that strengthens the organization’s rules to detect and prevent illegal routes through which money is laundered in or out of the member nations.
2018-6-22 16:27 | |
|
|
The Europol is meeting 16 cryptocurrency exchanges, digital wallet providers, and payment processors in a three-day conference in Hague. Beginning Tuesday, the participants will discuss ways to curb criminal activity in the digital currency sector and ways to avoid money laundering using digital coins.
2018-6-22 00:46 | |
|
|
About sixteen major cryptocurrency exchanges, payment processors and digital wallet providers have joined the EU’s law enforcement agency for an event about preventing money laundering. The three-day conference on digital currencies and cyber crime began on Tuesday in the Hague.
2018-6-21 22:20 | |
|
|
Japan’s Financial Services Agency (FSA) will be taking administrative action against several registered cryptocurrency exchange operators in the country. These exchanges include Quoine, Bitbank, BITPoint Japan, BtcBox, and industry leader BitFlyer, who authorities claim don’t have proper internal management systems in place, including measures to prevent money laundering.
2018-6-20 23:10 | |
|
|
Japan’s financial watchdog is reportedly planning to force improvements at a number of licensed cryptocurrency exchanges over perceived issues with internal systems, including anti-money laundering (AML) measures.
2018-6-19 16:14 | |
|
|
Hollywood has announced it will film its first high-profile feature centered on cryptocurrency – and its alleged connection with money laundering in the art world. ‘Crypto,’ Art And Money Laundering ‘Crypto,’ an unlikely blockbuster which will see actors from some of the most popular current US serials play major roles, will begin filming later this year, local industry magazine Hollywood Reporter revealed last week.
2018-6-18 20:00 | |
|
|
A movie called ‘Crypto’ is reportedly being filmed, featuring a money laundering agent and a case concerning cryptocurrency. The cast of the movie includes Hollywood actors Kurt Russell [Guardians of the Galaxy Vol.
2018-6-18 19:53 | |
|
|
Australia’s Blockbid cryptocurrency trading firm has achieved a significant milestone yet again in the blockchain-based virtual currency industry by becoming the first crypto exchange in the globe to partner with a traditional risk management firm, in a bid to conduct more effective Know-your-customer (KYC) and Anti Money Laundering (AML) operations.
2018-6-18 18:57 | |
|
|
Hacken has launched a new website that provides an all-in-one tool for rating cryptocurrency exchanges. Crypto Exchange Ranks (CER) allows for side by side comparisons of well over a dozen exchanges, including real-time arbitrage data and ratings for liquidity, compliance, reliability, and security.
2018-6-16 13:50 | |
|
|
A crime thriller called Crypto is reportedly being filmed, featuring a money laundering agent and a case involving cryptocurrency. Among the cast of the movie are Hollywood actors Kurt Russell, Luke Hemsworth, Alexis Bledel, Beau Knapp, Jeremie Harris, and Vincent Kartheiser.
2018-6-16 08:15 | |
|
|
Well-known Hollywood actors will join forces in a new move about cryptocurrency money laundering later this year
2018-6-15 18:08 | |
|
|
]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work.
2018-6-13 23:40 | |
|
|
Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.
2018-6-13 20:24 | |
|
|
The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12.
2018-6-13 08:58 | |
|
|
The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar with the matter.
2018-6-13 00:00 | |
|
|
| Analogue Notcoin - TapSwap |
The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value.
The broad package sets up an anti-money laundering authority, a single rulebook for all 27 member states, and tough rules for crypto service providers.
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme's true mastermind manipulated her.
Chainalysis reported a 29% decline in crypto money laundering activity in 2023 as U.S. authorities and other world governments sanctioned mixing services.
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.
Germany's Bitcoin Group is implementing improvements to its internal control system following BaFin's directive to its subsidiary futurum bank to address deficiencies in anti-money laundering and counter-terrorist financing measures.