2019-4-24 15:00 |
A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State's first conviction for crypto money laundering. origin »
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A three-year compliance period is proposed for digital asset firms. Democrats raise concerns about national security and money laundering. Crypto leaders say the US risks falling behind Europe and Asia on regulation.
2025-5-7 18:37 | |
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Crypto is fueling a rise in complex money laundering schemes in 2024, the Eurasian Group on Combating Money Laundering warns in its latest report. Money laundering schemes increasingly rely on crypto and multi-layered methods in 2024, highlight the growing complexity…
2024-11-29 14:36 | |
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DOJ charges Maximiliano Pilipis with money laundering linked to Silk Road transactions. Bitcoin remains strong, surpassing $71,000 amid ongoing legal developments. Amidst the persistent shadThe post Silk Road shadow lingers: Crypto exchange charged for money laundering appeared first on AMBCrypto.
2024-10-29 19:00 | |
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Along with money laundering, Maximiliano Pilipis is also accused of failing to file a tax return for income generated in 2019 and 2020.
2024-10-29 04:54 | |
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The US Department of Justice has seized domains linked to three crypto exchanges that have allegedly facilitated illicit transactions worth more than $800 million in relation to Russian money laundering operations.
2024-9-27 09:55 | |
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Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.
2024-5-8 20:23 | |
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The United Kingdom Treasury has released a consultation paper detailing proposed changes to money laundering regulations, with significant implications for the regulation of crypto assets. These amendments are motivated by the outcomes of a comprehensive review of the Money Laundering,…
2024-3-14 16:48 | |
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The group reportedly said Wednesday that it has "no indications of violations of money laundering and terrorist financing laws."
2023-11-30 15:35 | |
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Singapore froze and seized assets worth $1. 8B since last month in a money laundering probe targeted at cryptocurrencies, properties, and cash. Bloomberg’s September 21 report shows Banks are expanding their investigations to Chinese-born customers with other passports, focusing on clients holding crypto or participating in money laundering activities.
2023-9-22 10:27 | |
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New bill under consideration in Congress seeks to make DeFi protocols crack down on money laundering. The post DeFi Will Have to Crack Down on Money Laundering Under New Bipartisan Bill appeared first on BeInCrypto.
2023-7-20 23:58 | |
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Binance is accused of illegally canvassing local customers outside of the legal framework, and for implementing poor money laundering checks.
2023-6-16 13:42 | |
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The EBA's proposed guidelines revisions aim to mitigate money laundering and terrorist financing risks by including crypto-asset service providers. The public consultation is open until August 31, 2023.
2023-6-1 02:22 | |
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United States Democratic Senator Elizabeth Warren is teaming up with Republican Senator Roger Marshall to work on a bipartisan bill that will introduce new legislation to close loopholes in the financial system that allow digital assets to be used for money laundering.
2022-12-14 16:52 | |
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Federal prosecutors working for the U. S. Justice Department asked Binance to provide records relating to money laundering checks, as well as communications between key figures within the company, including its CEO Changpeng Zhao (CZ).
2022-9-1 18:30 | |
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Reports show that the EU has revisited its Transfer of Funds Regulation (TRF), adding new provisions concerning crypto to limit the use of digital assets for money laundering. However, industry players feel the new draft is not just harmful to user privacy and security but also provides no effective restriction on money laundering.
2022-3-29 17:15 | |
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Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. The post Money laundering 0.
2022-1-27 21:00 | |
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Hong Kong has shut down a massive money laundering ring that relied on Tether for transferring funds
2021-7-15 08:06 | |
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The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.
2021-6-24 06:00 | |
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Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions.
2021-5-14 22:40 | |
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According to the United States Department of Justice, Manhattan Federal Court today charged John McAfee and his team's executive adviser Jimmy Gale Watson Jr for fraud and money laundering conspiracy The post John McAfee faces more charges connected to money laundering and wire fraud appeared first on AMBCrypto.
2021-3-5 23:00 | |
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As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever.
2021-1-19 16:19 | |
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A New Zealand man has been charged with money laundering that allegedly involves shady crypto transactions and luxury car purchases. According to reports from the New Zealand Herald, the 40-year-old defendant appeared in court Thursday and faces some 30 criminal charges, including money laundering, that allege he was given thousands of dollars to purchase cryptocurrency.
2020-10-16 17:31 | |
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Met’s Proactive Money Laundering Team seized Bitcoin funds worth thousands of pounds from a woman in the UK after a search warrant revealed her involvement in fraud and money laundering. According to a report by the Metropolitan Police, the detectives had been investigating the suspect and established that she was managing large sums fraudulently obtained. […]
2020-8-16 15:20 | |
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The European Center for Cybercrime published a report on the analysis of the Wasabi bitcoin wallet regarding its use for laundering money obtained by criminal means.
2020-6-10 11:34 | |
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Coinspeaker BitMEX Faces Lawsuit for Money Laundering, Market Manipulation, Cyber CrimesBitMEX, one of the largest crypto derivatives exchanges in the world, and its executives are facing a lawsuit accusing them of engaging in money laundering, wire fraud, racketeering and also unlicensed money transmission.
2020-5-19 20:06 | |
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Polish authorities arrest Crypto Capital’s president in connection with money laundering
2019-10-25 09:24 | |
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Operation Midas takes off nabbing former billionaire, Eike Batista, for money laundering using Bitcoin trading. Once Brazil’s richest man, the fall from grace is remarkable for the former billionaire, Eike Batista, who is once again temporarily arrested – this time for suspicion of money laundering and manipulation of capital markets. According to Fohla de Paulo, […]
2019-8-9 19:17 | |
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One-time richest man in Brazil has been arrested due to possible money laundering with the help of BTC and his wife’s identity
2019-8-9 00:40 | |
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Financial crimes exist in many forms and one of the most common is money laundering, which is practiced all over the world. There are the disadvantages that come with the prevalence of cryptocurrency with one being the fact that they are often used for the perpetuation of crime and this includes money laundering purposes as […]
2019-7-5 23:17 | |
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Despite how transparent Bitcoin is, people still keep using it for crimes. Eight people were arrested in Spain recently for an alleged money laundering scheme which was said to involve cryptocurrencies, according to the Europol.
2019-5-9 00:35 | |
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Japan’s National Police Agency (NPA) say cases of suspected money laundering reportedly linked to cryptocurrency increased by 900 percent in 2018 when compared to the previous year. However, this still comprises only 1.
2019-3-1 22:00 | |
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Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.
2019-1-28 17:30 | |
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Bithumb, Upbit, Korbit and Coinone have reportedly launched a self-regulatory initiative in order to track suspicious transactions related to crimes and money laundering
2019-1-28 14:36 | |
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The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the country’s central bank, under draft legislation designed to prevent crypto assets such as BTC from being used […] The post Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering appeared first on Bitcoin News.
2018-12-12 18:15 | |
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Irony: Major Nordic Bank Nordea Bans Bitcoin To Avoid Money Laundering Risks And Gets Caught For Money Laundering A very ironic situation has happened recently: Nordea, the largest bank in the Nordic countries, has been caught up in a major money laundering scheme.
2018-10-19 22:39 | |
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Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank.
2018-10-19 14:00 | |
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There is no greater irony than a bank which banned its employees from buying Bitcoin getting nailed for money laundering. Finance industry regulators in Sweden have received a report which alleges that Finland based Nordea Bank could be embroiled in a money laundering scandal.
2018-10-19 07:31 | |
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Cryptocurrency exchange platform ShapeShift formally hit back at what it called an “attack” on its business by the Wall Street Journal, which accused the platform of being involved in money laundering.
2018-10-5 20:00 | |
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A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.
2018-8-3 16:00 | |
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Earlier this year, Europol officials arrested 11 individuals and identified 137 others allegedly involved in a large-scale network for laundering drug money with cryptocurrencies as a part of its Tulipan Blanca operation.
2018-7-24 11:36 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled.
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
Crypto exchange Kraken has demanded a jury trial in the case brought against it by the U.S. Securities and Exchange Commission (SEC), a court filing Thursday showed.
The next bail hearing has been scheduled for Oct. 9.
The executive was taken to hospital; his injuries were not life threatening.
A court in Dubai ordered a company to pay an employee using a cryptocurrency token, as agreed in the employment contract. The ruling raises several questions even as it lends some legitimization to crypto in the region.
Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.