Signature Bank is facing scrutiny from the U.S. Department of Justice over potential shortcomings in its efforts to thwart money laundering, according to insiders familiar with the matter cited in a B...
Tag: Laundering
Signature Bank Faces Allegation of Money Laundering
U.S. regulators are reportedly investigating the crypto-friendly Signature Bank for money laundering. But is it the latest development in operation Choke Point? According to a Bloomberg report, U.S. r...
Trump’s Media Company Reportedly Under Federal Investigation For Money Laundering Linked To Russia
Topline A federal criminal investigation into former President Donald Trump’s media company Trump Media has expanded to include potential money laundering violations linked to an $8 million loan with ...
Signature Bank investigated for money laundering prior to demise: Report
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people famili...
India Brings Crypto Under Money Laundering Law: What Lies Ahead For Meme Coins Like Dogecoin and Big Eyes Coin
After imposing a 30% tax on gains generated from cryptocurrencies last year, the Indian government has now brought virtual digital assets like cryptocurrencies under the Prevention of money laundering...
India Brings Crypto Transactions Under Prevention of Money Laundering Act – Regulation Bitcoin News
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the s...
Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial ...
India To Include Money Laundering Provisions On Crypto Sector
According to a report from Reuters, the government of India has decided to introduce money laundering provisions in the crypto sector. The Finance Ministry released a notice on Tuesday stating that th...
India Introduces Money Laundering Provisions for Crypto Sector
The Indian government has imposed money laundering provisions on the crypto sector in its latest move to tighten oversight of digital assets. Bloomberg reported that India’s Finance Ministry said on T...
India subjects crypto transactions to anti-money laundering law
While there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to compl...
Uranium hacker starts laundering $50m plunder almost two years later
One of the wallets associated with the 2021 Uranium Finance hacker has finally re-awaken, making transfers of 2250 ethereum(ETH) (~$3.35 million) to Tornado Cash. The hacker’s address 0xC47BdD0A852a88...
Singapore Probes Do Kwon’s Terraform Labs Amid Claims of Laundering $100M Since the Project Collapsed ⋆ ZyCrypto
Advertisement     Singapore maintains that the crypto fugitive is not in the country. The SEC sued Kwon and his companies last month, accusing him of money laundering....
Tether Used Account Involved in Terrorist Money Laundering: WSJ
A new report by the Wall Street Journal alleges that Tether accessed global banking accounts through crypto firms that used fraudulent documents and shell companies. Investigations by the Wall Street ...
Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations – Bitcoin News
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to crim...
Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill
Self-hosted addresses, formerly known as “unhosted wallets” in the European Union’s policies, are back in discussion as European Parliament staff look to clarify that lawmakers do not want an ou...
Law Enforcement Alert to Rising Crypto Money Laundering
Until the advent of cryptocurrencies, “cleaning” illicit funds was a much more complex process. In recent years, crypto money laundering has made it easier. Money laundering involves illegally convert...
‘Cryptoqueen’ Boyfriend Sentenced to Five Years in Prison for Laundering $300,000,000 in Crypto
The ex-boyfriend of the infamous “Cryptoqueen” has been sentenced to five years in prison for laundering hundreds of millions of dollars. A new report by Bloomberg Law says that Gilbert Armenta, the f...
Senator Elizabeth Warren Launching Anti-Crypto Army in Washington, Says Industry Is for Money Laundering: Report
Massachusetts Senator Elizabeth Warren is pushing forward with a political campaign to regulate the crypto space, an industry that she and her coalition believe threatens national security. According ...
Warren pledges to reintroduce crypto anti-money laundering bill
Sen. Elizabeth Warren, D-Mass., said she plans to reintroduce legislation with Sen. Roger Marshall, R-Kan., that would extend anti-money laundering laws to a broad array of the cryptocurrency ecosyste...
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US – Bitcoin News
A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in...
Phishing attacker moves funds to a laundering address
According to CertiK Alerts, crypto security tracker, a hacker account, “Fake_phishing7064”, recently sent funds to an Externally Owned Account(EOA) per Etherscan data. The EOA has moved over 100 ether...
Silvergate Bank Caught Up in Money Laundering Probe by DOJ
Silvergate Bank, the crypto lender that recently received a $200 million investment from Peter Thiel’s Founders Fund, is under investigation by the United States Department of Justice (DOJ) for its de...
One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering
It’s been a year since we first covered the story surrounding Squiggles, an NFT rugpull that was traced down with a full-fledged manifesto. The NFT market has seen so much come and go since this time,...
86% of UK Crypto Firms Fall Short of Anti-Money Laundering Standards, FCA Reveals ⋆ ZyCrypto
Advertisement     On Friday, the UK Financial Conduct Authority (FCA) revealed that only 41 crypto firms had passed its regulatory approval scrutiny out of 300 applica...
US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action – Regulation Bitcoin News
U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack do...
Notorious Hacker Group Lazarus Begins Laundering Harmony Funds: Details
Godfrey Benjamin Lazarus Group moved funds it hacked from Harmony Bridge to three exchanges With the broader crypto ecosystem reeling itself in with the ongoing positive price trend that has engulfed ...
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations
“There are authorities at one of Nexo’s offices in Bulgaria, which is, as you know, the most corrupt country in the EU (European Union),” a Nexo spokesperson said in an email to CoinDesk. ...
El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues – Exchanges Bitcoin News
A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to ...
Is Nexo involved in money laundering?
Embattled exchange Nexo is going through torrid times as emerging reports say regulators have raided its offices. In the details made available by Standart, the search team comprising several prosecut...