2023-2-1 20:19 |
The exchange had been charged by U.S. and European authorities with laundering $700 million in funds tied to Russian criminals.
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The US Department of Justice (DOJ) announced a successful clampdown on Bitzlato, a major money laundering crypto exchange. Speaking at a press conference, US Attorney General Lisa Monaco confirmed the operation, adding that the exchange’s majority co-founder, Anatoly Legkodymov, was equally arrested in Miami by agents of the FBI.
2023-1-29 21:44 | |
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Binance is implicated as a counterparty of a Russian money laundering exchange. The post Binance Identified as Top Counterparty to $700M Criminal Crypto Exchange by FinCEN appeared first on BeInCrypto.
2023-1-19 21:00 | |
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The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.
2023-1-19 21:46 | |
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The U.S. Justice Department and Treasury Department have targeted Bitzlato Limited with accusations of money laundering and arrested its founder in Miami, officials said in a Wednesday press conference.
2023-1-19 20:19 | |
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Per a report from the New York Times (NYT), crypto exchange Coinbase (COIN) reached an agreement with the New York Department of Financial Services (NYDFS). The company will pay around $100 million to improve its account and background checks.
2023-1-4 18:45 | |
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Binance has seen an enormous flood of withdrawals this week, as fear has spread about the health of the exchange in the aftermath of the FTX collapse. This stems from concern about its proof-of-reserves not revealing enough information, as well as the charges surrounding money laundering that are reportedly coming for CEO Changpeng Zhao (CZ).
2022-12-15 21:31 | |
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The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities.
2022-12-14 21:00 | |
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U.S. prosecutors revealed a litany of charges against Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, including wire fraud, conspiracy to commit money laundering and campaign finance violations early Tuesday.
2022-12-14 17:53 | |
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After several media approaches, the ex-CEO of failed exchange FTX, Sam Bankman-Fried, has been apprehended. Herein, the Bahamian and US authorities shed light on the arrest. The post Sam Bankman-Fried Arrested, Charged With Fraud and Money Laundering appeared first on BeInCrypto.
2022-12-13 05:26 | |
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A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening anti-money laundering measures for crypto.
2022-10-18 16:28 | |
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The Japanese government passed a cabinet decision to revise six foreign exchange laws to better combat money laundering on October 14. The post Japan looks to amend crypto KYC rules appeared first on CryptoSlate.
2022-10-17 15:00 | |
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Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U.
2022-10-13 08:51 | |
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Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017, allowing individuals from sanctioned jurisdictions to trade on the platform.
2022-10-12 17:57 | |
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India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchange WazirX and the Mobile Gaming App called E-Nuggets.
2022-9-29 20:37 | |
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The new rules would require crypto exchange operators to share customer information when assets are transferred between platforms.
2022-9-27 14:33 | |
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The 39-year-old is suspected of laundering tens of millions of euros obtained from malicious software using decentralized crypto exchange Bisq and the monero privacy coin, police said.
2022-9-14 11:16 | |
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Crypto trading platform Binance Canada, an affiliate of leading global cryptocurrency exchange Binance, has taken another step towards enhancing its know your customer (KYC) and anti-money laundering (AML) compliance with a new partnership.
2022-9-14 19:15 | |
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India-based cryptocurrency exchange WazirX has announced that the country’s anti-money laundering (AML) watchdog has “unfrozen” the crypto platform’s accounts. An update the crypto exchange published on Monday, undoubtedly the latest positive crypto news from India, noted that the Enforcement Directorate (ED) had taken the step following active cooperation from the WazirX team.
2022-9-13 15:12 | |
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The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
2022-9-13 12:06 | |
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According to a report from Reuters, the CEO and founder of the world’s largest crypto exchange Binance, Changpeng “CZ” Zhao, was under investigation by U. S. federal prosecutors. Launched in 2020 by the Justice Department, authorities in the country were seeking information about the company’s anti-money laundering activity.
2022-9-1 17:25 | |
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Twice in the Twitter thread, CoinSwitch Kuber CEO Ashish Singhal sought to clarify that the "engagement with the ED" is not about money laundering. CoinDesk has reported the searches have been in connection with India's Foreign Exchange Management Act (FEMA).
2022-8-27 14:57 | |
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The Andreessen Horowitz-backed crypto exchange is the latest on the Enforcement Directorate’s anti-money laundering hit list.
2022-8-26 04:27 | |
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Following a June 6 Reuters report which allegedly linked Binance to money laundering schemes involving the top darknet and hacking groups, some members of Binance’s compliance team have cleared the air on the allegations, highlighting some extra efforts put into compliance exercise and how this high scrutiny has also cost the exchange a fortune. “Binance […]
2022-8-19 23:19 | |
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India’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with the claims made by ED on Vauld’s KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
2022-8-14 04:00 | |
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India’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with the claims made by ED on Vauld’s KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
2022-8-14 04:00 | |
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The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country.
2022-8-13 23:59 | |
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India’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
2022-8-12 21:30 | |
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Binance CEO and WazirX founder traded words over the ownership of the exchange. The row was amplified after Indian regulators fingered WazirX in a money laundering scheme. Binance previously announced the purchase of the Indian exchange in 2019 and clarified details of the acquisition last week.
2022-8-8 21:48 | |
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The Operator of a Bulgarian Cryptocurrency Exchange BTC-E Has Been Extradited From Greece to the United States, Where He Faces Charges of Operating an Unlicensed Money Service Business and Money Laundering.
2022-8-7 12:02 | |
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Per a press release from India’s Enforcement Directorate (ED), crypto exchange Binance is allegedly involved in a money laundering scheme created with WazirX. This entity operates as a crypto exchange platform in this country; one of its offices was raided on August 3rd, as a result of an ongoing investigation. Related Reading: Data Shows Bitcoin […]
2022-8-7 22:06 | |
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WazirX is accused of laundering $350 million through crypto, founders already left India
2022-8-4 17:09 | |
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The world's largest crypto exchange by value traded has been loose on its prevention of money laundering, Reuters reported.
2022-7-11 16:44 | |
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The approval will allow Binance to offer exchange and custodial services in Spain in compliance with anti-money laundering and counter-terrorist financing regulations. Bank of Spain Gives Green Light on Binance...
2022-7-8 14:47 | |
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The U.S Securities and Exchange Commission has launched an investigation into the Terra crash. The Terra explosion is one of the biggest busts in the crypto history. The probe also investigates the maThe post How these new 'money laundering' claims tie into the Terra UST depegging fiasco appeared first on AMBCrypto.
2022-6-10 17:30 | |
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Binance, the largest cryptocurrency exchange by trade volume, has hit back at reports associating it with criminality and money laundering.
2022-6-7 12:30 | |
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Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, EU regulators have recommended in a report on June 1. The post EU regulators propose nixing crypto exchange licenses over money laundering breaches appeared first on CryptoSlate.
2022-6-2 01:00 | |
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Money laundering is a major problem in the sports betting industry. In late 2019 the team behind aggle. io thought about drafting a solution to counter this problem. They discussed ideas to open up theThe post aggle.
2022-3-25 16:35 | |
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BitMEX co-founder Samuel Reed pleaded guilty to anti-money laundering offenses and agreed to pay a $10 million fine, according to a statement from the US Attorney’s Office on Thursday. Reed is the exchange’s third founder to enter a plea agreement with US prosecutors.
2022-3-10 16:31 | |
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Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering and sanction evasion that becomes possible using fiat currency.
2022-3-8 12:24 | |
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Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
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The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”
2021-12-30 21:00 | |
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South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services. Soon after, local reports claimed that the exchange's largest shareholder is eyeing a coThe post Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb appeared first on AMBCrypto.
2021-11-26 15:30 | |
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Cryptocurrency exchange Kraken’s wholly-owned subsidiary Crypto Facilities has obtained an MLR license from the UK Finance regulator, the Financial Conduct Authority (FCA). This means the company is now compliant with money laundering regulations in the country and that it is following the same standards as required by FCA from the banks.
2021-11-16 18:18 | |
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The U.S. Treasury Department announced sanctions against the Suex cryptocurrency exchange for its alleged role in a ransomware attack. The post US Sanctions Crypto Exchange for Ransomware Laundering Affiliation appeared first on BeInCrypto.
2021-9-22 08:38 | |
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As nations around the world step up trying to take control over cryptocurrencies to prevent financial crimes, ACE Exchange, a leading cryptocurrency exchange based in...
2021-9-4 18:40 | |
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The Dutch central bank (DNB) has also issued a regulatory warning against Binance for providing its services in the Netherlands without the required registration. The leading cryptocurrency exchange was not compliant with the Anti-Money Laundering and Anti-Terrorist Financing Act, said the Nederlandsche Bank.
2021-8-19 16:44 | |
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Binance crypto exchange is taking further steps in its attempts to take the edge off the increased regulatory scrutiny by hiring a former Inland Revenue Service (IRS) investigator and cybercrime guru to lead its anti-money laundering requirements.
2021-8-19 00:18 | |
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The Security Service of Ukraine (SBU) has come hard on several cryptocurrency platforms and digital asset exchangers operating illegally in the country. The regulator has also stopped the operation of some digital exchangers allegedly involved in money laundering.
2021-8-18 18:15 | |
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Anti-money laundering authorities in India are investigating whether Binance’s subsidiary and the largest crypto exchange in India WazirX is involved in money laundering activities linked to Chinese betting apps in the country.
2021-7-31 22:59 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.