Binance, the largest cryptocurrency exchange in terms of volume, has responded to an article published by Reuters claiming that the U.S. Department Of Justice found credible evidence of violating U.S....
Tag: Laundering
Changpeng Zhao and Binance Under Federal Investigation for Potential Money Laundering Violations: Report
U.S. Department of Justice (DOJ) prosecutors are reportedly divided over whether or not to file money laundering charges against the world’s largest crypto exchange and its CEO. According to a new Reu...
U.S. To Reportedly Charge Binance For Money Laundering
The crypto world is still reeling from the financial collapse of the Sam Bankman-Fried empire, FTX. With major exchanges taking proactive measures to prevent an imminent implosion, no one is certain h...
US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters
“As has been reported widely, regulators are doing a sweeping review of every crypto company against many of the same issues. This nascent industry has grown quickly and Binance has shown its co...
China Arrests 63 Gang Members For Laundering $1.7B With Crypto
Chinese authorities have arrested a gang of 63 people for laundering 12 billion Yuan ($1.7 billion) using crypto. According to local media reports, the Horqin Branch of the Public Security Bureau of T...
China Arrests 63 For Laundering $1.7B With Crypto
Chinese authorities have arrested a gang of 63 people for laundering 12 billion Yuan ($1.7 billion) using crypto. According to local media reports, the Horqin Branch of the Public Security Bureau of T...
Police in China dismantles billion-dollar crypto money laundering operation
Inner Mongolian police have detained sixty-three people in connection with an alleged conspiracy to launder more than 12 billion yuan ($1.7 billion). Ten million yuan laundered monthly According to Ch...
New SBF interview addresses FTX “backdoor” and money laundering claims
Sam Bankman-Fried, the former head of FTX, chose to sit down with Tiffany Fong, a cryptocurrency vlogger, for a series of interviews. In the two videos released following the company’s collapse, SBF d...
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry – Regulation Bitcoin News
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the countr...
Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
A U.S. unit of South Korea’s Shinhan Financial Group has agreed to bolster the oversight of its anti-money-laundering program as part of a settlement with the Federal Deposit Insurance Corp. Shinhan B...
Netherlands man arrested for allegedly laundering money with bitcoin
A man in the Netherlands was arrested for allegedly laundering money using bitcoin. Prosecutors claim there were links to trading on the dark web. The 42-year-old man, from the municipality of M...
‘Razzlekhan’ bitcoin laundering case to include classified information
The story of the “Razzlekhan” rapper who allegedly laundered billions in stolen bitcoin with her husband has taken another twist: The trial will include classified information. A district court ...
Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged
Since 2018, the international body has looked to define virtual assets and service providers in order to apply guidelines for anti-money laundering (AML) and combatting the financing of terrorism (CFT...
Delay in EU’s vote on MiCA could also slow down anti-money laundering legislation
The European Parliament’s delay on a final vote over comprehensive framework for regulating crypto assets could delay other crypto legislation in the EU pipeline. The Markets in Crypto Ass...
Expansion in Europe by Coinbase Supported Anti-Money Laundering Body
Coinbase aided anti-money laundering groups widens their web into Europe. The Financial Action Task Force (FATF) plays an important role. Travel Rule Universal Solution Technology (TRUST) has mostly f...
South Korea’s financial watchdog to monitor crypto whales on adherence to anti-money laundering laws
The Financial Services Commission (FSC), South Korea’s financial regulator, will monitor the country’s largest crypto holders after raising concerns about the high risk associated with money launderin...
South Korean Regulator To Prevent Money Laundering Attempts Through Crypto
Over the years, the crypto industry has witnessed increasing crimes using crypto assets. This is because transactions with virtual assets require no interference from third parties, making it easy for...
South Korean regulator reveal plans to curb money laundering
South Korean regulator, The Financial Services Commission, has announced that it is making new l plans to check money laundering activities perpetrated by crypto whales. The regulatory agency noted th...
South Korean Regulator Plans to Look at Stablecoins’ Role in Money Laundering: Report
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Crypto Whales in Korea Come Money Laundering Surveillance
The Financial Service Commission in South Korea will monitor crypto whales with more than 100M won in assets. It seeks to prevent any money laundering or illicit activity. South Korea’s Financial Serv...
U.S. Charges 5 Russians With Crypto Money Laundering to Evade Sanctions – crypto.news
The U.S. government recently announced charges against 5 Russian nationals and two oil traders for breaching sanctions. According to reports, the accused persons used crypto assets in sanction evading...
What is KYC? How Crypto Exchanges Prevent Money Laundering
If you’ve ever used a cryptocurrency exchange or bought an NFT, it’s likely that you will have had to perform a know-your-customer (KYC) check to verify your identity. KYC checks are a key part of the...
Crypto Money Laundering Case in China Ends
A billion-dollar crypto money laundering case in China has come to an end. Authorities say they busted an illicit group of money launderers who used a total of 40 billion yuan (roughly $5.6 billion in...
Japan Amended KYC Rules to Combat Money Laundering
A legal framework governing cryptocurrencies was first adopted in Japan. After Terra Luna collapsed in 2022, a bill was passed allowing licensed banks to use stablecoins. The Japanese government endor...
Bittrex Fined With $53 Million For Violating Anti-Money Laundering Laws
Cryptocurrencies are supposed to be censorship resistant… Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators. On October 11, ...
California man indicted for laundering crypto in drug trafficking scheme
The Department of Justice announced charges against a California man Friday over allegedly attempting to launder drug trafficking proceeds through crypto channels. John Khuu allegedly distributed fake...
California Man Charged For Laundering Nearly $6M In Bitcoin
California Man Charged For Laundering Nearly $6M In BitcoinMan Indicted For Laundering Millions In Drug ProceedsOctober 8, 2022Source: pixabay.comCalifornia resident John Khuu was charged with conspir...