– Advertisement – The Bulgarian government recently launched a full-scale raid on 15 sites connected to the alleged illegal activity carried out by Nexo. The Bulgarian government has initi...
Tag: Laundering
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria – Bitcoin News
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’...
Where Tornado Cash stands in 2023, post money laundering charges
A report by Chainalysis takes a closer look at the impact of OFAC’s sanctions imposed on Tornado Cash. The sanctions led to a decline in inflow, but failed to pull the plug on the underlying smart co...
Money Laundering Violations: US Attorneys Investigate Binance
The federal prosecutors are investigating Binance’s connection with the American hedge funds. The investigation is a part of the long-running investigation into the violations of money laundering laws...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations – Bitcoin News
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan....
Coinbase Fined $50 M for Lax Anti-Money Laundering Measures
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...
Binance Used for Money Laundering by a Drug Cartel: Report
A drug cartel with operations in several countries used Binance to transfer millions in illegal proceeds, according to a U.S. Drug Enforcement Action (DEA) investigation. Forbes noted that the investi...
Sanctions, money laundering and legalization: Maxim Kurbangaleev on the problems of the crypto market
From the very beginning of its existence the cryptocurrency market assumed independence from state bodies and decentralized storage of information, which in turn implied the anonymity of those who con...
OneCoin Co-Founder Pleads Guilty to Fraud & Money Laundering
OneCoin cofounder Karl Sebastian Greenwood pleaded guilty to wire fraud and money laundering charges, according to the U.S. Department of Justice. A Dec. 16 press statement by the authorities describe...
Incoming UK FCA Chair Criticizes Crypto Sector Over Money Laundering
Bitcoin News Alder warned MPs that cryptocurrency platforms enabled widespread money laundering. Financial regulators in the UK are becoming more involved in the cryptocurrency sector. Following the d...
OneCoin Co-founder Pleads Guilty of Wire Fraud and Money Laundering
Bitcoin News OneCoin was first released in 2014 by Ruja Ignatova and Greenwood. After being apprehended in Thailand in July 2018, Greenwood was eventually extradited. On Friday, the US Department of J...
What’s in Senator Warren’s new Digital Assets Anti-Money Laundering Bill?
Senators Elizabeth Warren and Roger Marshall have proposed a bill on Dec. 14 to curb money laundering and terrorist and rogue nation financing via cryptocurrency. The bill, referred to as the Digital ...
OneCoin co-founder pleads guilty on fraud, money laundering charges
OneCoin founder Karl Sebastian Greenwood has been found guilty of multiple charges, according to a statement from the U.S. Department of Justice on Dec. 16. Greenwood pled guilty to one count of consp...
British Regulator FCA Claims Crypto Exchanges Aid Money Laundering
In the past few weeks, regulators all around the world have been ranting against Bitcoin and cryptocurrency in general, and their outlandish denouncements are becoming increasingly outrageous. The Fin...
UK FCA Claims Crypto Platforms Facilitate Money Laundering
Global regulators have been railing against crypto over the past month, and their wild condemnations are becoming more extreme. The latest to make one of these ludicrous accusations is incoming FCA ch...
Incoming FCA Chair Ashley Alder says crypto firms facilitate money laundering
Ashley Alder, who is set to lead the U.K’s Financial Conduct Authority (FCA), said his administration would take a strict stance toward crypto firms. According to the Financial Times, Alderr said that...
Elizabeth Warren to Introduce Bipartisan Bill to Combat Crypto Money Laundering
United States Democratic Senator Elizabeth Warren is joining hands with Republican Senator Roger Marshall to work on a bipartisan bill that aims to combat crypto money laundering. The bill dubbed “Dig...
Elizabeth Warren introduces a bicameral bill to combat crypto money laundering; clashes with O’Leary
Join Our Telegram channel to stay up to date on breaking news coverage Sen. Elizabeth Warren is attempting to get a bipartisan crackdown on money laundering in the cryptocurrency industry passed throu...
U.S. Senator Warren Introduces Bipartisan Bill to Address Crypto Money Laundering
– Advertisement – The Digital Asset Anti-Money Laundering Act from Elizabeth Warren addresses loopholes within the crypto space being exploited for money laundering. Rogue nations, oliga...
Warren, Marshall introduce bill to tighten money laundering rules for crypto
Sens. Elizabeth Warren, D-Mass., and Roger Marshall, R-Kan., introduced legislation to tighten U.S. anti-money laundering rules to digital assets. The bill would expand know-your-customer rules ...
Anti-Money Laundering Global Market Outlook Report 2022-2027: Natural Language Processing (NLP) and Soft Computing Techniques Gaining Momentum – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Anti-Money Laundering: Global Market Outlook” report has been added to ResearchAndMarkets.com’s offering. The scope of the study includes anti-money laundering development ...
Crypto Firm Binance Refutes Allegations Of Money Laundering
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 in...
Binance Could Be Facing Money Laundering Charges
The U.S. Department of Justice is conflicted about the decision to charge the crypto exchange in the 2018 anti-money laundering laws investigation. DOJ Considers Charging Binance The crypto exchange,...
Fate of crypto exchange Binance hangs on US money laundering investigation
The US Department of Justice (DOJ) is conflicted on whether a longstanding investigation into Binance and its executives should end with indictments or a plea, according to an investigation by Reuters...
Chinese Officials Unearth $1.7B Money Laundering in Crypto
38 seconds ago | 2 mins read Altcoin News The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits. C...
‘Thunder Attack’ Busts $1.7B Tether-fueled Money Laundering Ring
Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto. In a coordinated bust, the Horq...
Life Imprisonment? As SBF Arrested In Bahamas On Fraud & Money Laundering Charges At Request Of US DoJ
– Advertisement – SBF faces life imprisonment if convicted. Embattled FTX founder Sam Bankman-Fried has been arrested in the Bahamas at the request of the US Department of Justice based on...
Chinese police arrest 63 people for laundering $1,7bn in crypto
Chinese police have arrested a gang of people accused of laundering $1.7 billion (12 billion in Chinese yuan). Its 63 members laundered their funds using crypto in May 2021. According to a local repor...
SBF Arrested and Charged over Fraud and Money Laundering
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 disgraced founder of ...
Will Binance Face Criminal Prosecution for Possible Money Laundering?
Binance and CEO CZ may be in additional danger as authorities discovered irregularities in the cryptocurrency exchange’s compliance program, which is the subject of an ongoing investigation that began...
Chinese Police Arrest Money Laundering Gangs Over $1.7B Crypto Fraud
Chinese authorities from the Horqin Branch of Tongliao Public Security Bureau, Inner Mongolia Autonomous Region, have arrested 63 gang members involved in money laundering activities as the country co...