2023-1-27 14:53 |
Some of those investigations into financial crime or "direct links to organized crime" are ongoing, an official at the Financial Conduct Authority said. origin »
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January 2, 2025 – The T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, Tether, and TRM Labs, has frozen more than USDT 100 million in criminal assets globally, passing a significant milestone in its fight against cryptocurrency-related financial crime.
2025-1-3 17:00 | |
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The collaboration enhances the security of the crypto ecosystem, deterring illicit activities and fostering trust in digital assets. The post TRON, Tether, and TRM Labs unite to launch T3 Financial Crime Unit appeared first on Crypto Briefing.
2024-9-11 16:02 | |
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A special agent from the IRS told the Wall Street Journal that the agency wishes to work with crypto companies to fight financial crime. He told the WSJ that the goal was a 'symbiotic relationship.
2023-1-4 11:37 | |
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US regulators want to know from the industry on what they think about the financial crimes associated with DeFi.
2022-12-10 23:20 | |
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Co-chair of Digital Asset Task Force says illicit transactions in the crypto space remain negligible as criminals can be easily tracked and punished
2022-10-20 04:20 | |
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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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Following an arrest warrant issued by the Seoul Southern District Prosecutor’s Joint Financial Securities Crime Investigation Team, authorities in that country moved on to freeze the assets of Terra (LUNA) founder Do Kwon.
2022-10-5 18:10 | |
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Binance claimed that its compliance infrastructure is among the best in the world and has helped them to obtain regulatory approval even in countries where they were deemed illegal until last year.
2022-10-4 15:12 | |
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The biggest news in the cryptosphere for September 27 includes Binance’s new global program that aims at helping law enforcement fight cybercrime, FTX’s acquisition of the bankrupt Voyager, and Celsius CEO Alex Mashinsky’s resignation.
2022-9-28 00:17 | |
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Binance on September 27 unveiled its new Global Law Enforcement Training Program, which will help law enforcement detect cyber financial crime and assist in prosecuting malicious actors. The post Binance launches new program to help law enforcement fight cyber crime appeared first on CryptoSlate.
2022-9-28 22:46 | |
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The request for comment follows three reports from the Treasury discussing the future of payments, the impact crypto could have on consumers, and preventing crypto-related financial crime. Treasury Asks Public...
2022-9-20 19:22 | |
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The White House has indicated that it wants to protect consumers, fight financial crime, and look into launching a digital dollar. White House Publishes Crypto Framework The U.S. government is...
2022-9-16 15:23 | |
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Crime can be an important signal that something in society needs reforming, writes David Z Morris. Financial surveillance that attempts to completely prevent crime could just make things worse in the long run. This piece is part of CoinDesk's Sin Week.
2022-8-30 19:00 | |
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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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P2E and GameFi offer a glimpse into the types of financial crime complexities that will arise as tech companies work to usher in the metaverse, says a former CIA analyst.
2022-7-13 22:14 | |
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Among its efforts, the crypto industry must establish a compliance-focused culture.
2022-6-7 22:05 | |
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South Korean authorities have launched a new investigation on Terraform Labs, according to reports from JBTC. Korean Authorities Summon Team The Seoul Southern District’s joint financial and securities crime investigation...
2022-5-31 23:55 | |
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The Auckland City Financial Crime Unit is investigating Quwiex Limited, a self-proclaimed crypto platform, after multiple reports from victims that the platform is a scam, according to an RNZ report.
2022-5-24 02:30 | |
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Prince Charles promised legislation on economic crime and financial services as he formally opened a new session of parliament.
2022-5-10 16:13 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, is looking to hire Experts that would help monitor cryptocurrency transactions for money-laundering, and other illicit activities.
2021-11-23 08:00 | |
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The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […]
2021-8-28 17:38 | |
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Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system.
2021-8-9 16:38 | |
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Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with.
2021-6-28 14:00 | |
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Against the drop of increasing regulatory scrutiny industry-wide, exchange platform BitMEX is on a hiring spree in a show of self-assurance. They are hiring derivative structurers, engineers, a head of financial crime compliance, and other positions lower in the hierarchy in Hong Kong, according to the exchange’s website.
2021-6-22 16:50 | |
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Bitcoin’s arrival to the financial scene was a rough one. Upon its numerous qualities, it was still called lots of negative names, including a scam, a bubble, and a ‘thing associated with crime’ as many argued it didn’t have any base value.
2021-6-22 14:45 | |
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BeinCrypto spoke to Mark Taylor, Head of Financial Crime at CEX.IO, about KYC for crypto, how these protocols will change, and what global regulation could look like. The post CEX.IO’s Head of Financial Crimes: Traditional Security Measures Not Good Enough For Crypto appeared first on BeInCrypto.
2021-6-8 16:13 | |
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Barclays, Starling, and Mozo are blocking their customers from transferring money to cryptocurrency platforms like Binance and Swiss Borg. These banks are cracking down on transfers to crypto exchanges in recent weeks by suspending payments to the sector, reported local media.
2021-6-1 17:10 | |
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According to a recent report from The Telegraph, three UK banks, Barclays, Monzo, and Starling have halted payments to cryptocurrency exchanges like Binance and SwissBorg. The banks cite concerns regarding crypto-related financial crime as the primary motivation for this action.
2021-6-1 16:47 | |
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Leading banks such as Barclays have all blocked their customers from transferring funds to cryptocurrency exchanges. Online challengers like Monzo and Starling have joined them The post British Banks Crack Down on Crypto Transfers Amid Financial Crime Fears appeared first on BeInCrypto.
2021-5-30 14:37 | |
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The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country.
2021-5-29 16:30 | |
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Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U. S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm.
2021-5-23 14:31 | |
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Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U. S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm.
2021-5-23 13:00 | |
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The UK financial watch dog FCA will now compel all cryptocurrency businesses file in financial crime reports and refer to these firms as “REP-CRIM”
2021-3-31 12:54 | |
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The Financial Conduct Authority (FCA) ban on crypto products will officially be in full effect today. The authorities had earlier announced the ban around October last year, stating that crypto-based products were not suited for retail customers because they lack a reliable valuation, are prone to price volatility, are known to be prevalent for crime, asRead More
2021-1-7 22:00 | |
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“My conviction is that address verification is unlikely to be very productive in fighting financial crime.” The post A Commentary On FinCEN’s Proposed KYC Requirements appeared first on Bitcoin Magazine.
2021-1-5 21:21 | |
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The Financial Crime Network (FinCEN) enforces new guidelines for cryptocurrency users in the US. Digital asset owners will report to foreign financial or virtual asset service providers whether they own more than USD 10,000 worth of cryptocurrency.
2021-1-3 16:13 | |
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Financial data records collected by FinCEN are a valuable tool for law enforcement. They’re also a trove of personal data on people who have not committed a crime.
2020-12-10 16:00 | |
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According to the consultation paper published by the UK’s financial regulator, cryptocurrency firms need to submit an annual report on their problem dealing method. The consultation paper reveals the plan to broaden the annual crime reporting requirements that involves cryptocurrency exchanges and other custodian wallet service providers.
2020-8-31 01:49 | |
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Crypto businesses in the UK are set to come under even greater scrutiny based on new plans by regulators in the country. The Financial Conduct Authority (FCA) continues to mandate strict compliance with financial laws for all cryptocurrency activities in the UK.
2020-8-26 23:00 | |
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Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report.
2020-8-13 14:04 | |
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Financial police in Kyrgyzstan have discovered and shut down an illegal bitcoin mining farm. A cell phone video of the raid was released by government officials. On August 6, the Kyrgyz Republic State Financial Crime Office discovered a bitcoin mining farm in an abandoned airplane hangar in Bishkek.
2020-8-8 19:21 | |
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BMA LLC, which two weeks ago sued Ripple, has now accused crypto derivatives exchange BitMEX of orchestrating the largest financial crime in U.S. history.
2020-5-19 22:09 | |
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NIGMA Conseil and state-backed Austrian Institute of Technology join forces to fight against crypto and financial crime
2020-2-25 15:43 | |
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To step up action against financial crime, the White House wants to bring the U.S. Secret Service—the agency tasked with protecting the nation’s leaders and safeguarding its financial system—back to its original home in the Treasury Department.
2020-2-20 14:05 | |
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Blockchain intelligence firm Chainalysis will provide crypto exchange Bitfinex with tools to monitor and combat suspected financial crime
2019-12-13 14:57 | |
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U.S. Congress wants FinCEN director to study blockchain in its fight against financial crime
2019-9-25 01:40 | |
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A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.
2019-9-10 19:15 | |
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The FATF ‘Travel Rule’ that cryptocurrency proponents have described as “absurd” will result in a mass shift to compliance among Bitcoin exchanges, new data claims. FATF Rules Move Closer To Law In a report issued on September 9, Crystal Analytics, the dedicated offshoot of mining giant Bitfury, forecast possible consequences of cryptocurrency rules likely to become law across the globe by June 2020.
2019-9-10 16:00 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
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.