New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercrimin...
Tag: Laundering
Will it raise the question of CryptoCrypto after the Laundering of the $384 Million incident in Hong Kong
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EU Lawmaker Want Anti-Money Laundering Law to Apply to Crypto
The EU Lawmakers released a draft that referred to money laundering through Metaverse, DeFi, and NFTs. An issuing compromise may subject those who govern decentralized autonomous organizations (DAOs) ...
India Freezes More $WRX And $USDT Tied To Laundering Case
India is leaving no stone unturned in a recent crackdown on the E-Nuggets crypto money laundering case, as its ED freezes an additional $58,000 worth of WRX and USDT. The move comes amidst the authori...
Cybercriminal Group Suspected For Laundering $5.6 Billion arrested in China
Cybercriminals have also ramped up their practices to commit fraud Criminals are alleged to launder 40 billion yuan Police has arrested a group of 93 people Since the developing crypto issues, high e...
Crypto Bust: China Collars 93 For Laundering $5 Billion In Digital Currencies
China has become a hotbed of illicit crypto trade lately. The country has earned quite a reputation in the international community when it comes to scams and illegal activities involving cryptocurrenc...
Amendment to Japanese Crypto Rule Targets Money Laundering Issues
According to a Nikkei report, the Japanese government is planning to introduce new rules for remittances aimed at stopping criminals from using crypto exchanges to launder money. Japan is reportedly f...
China Arrests Cybercriminal Group Suspected For Laundering $5.6 Billion
Since the growing crypto issues, high inflation, and happenings like the Terra collapse have shocked the world, law enforcement agencies, including China, have been working actively to protect users a...
Binance Froze $1.5M Ties To Money Laundering Scheme
India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchang...
China Discovers Major Crypto Laundering Scam, Police On Arrest Spree
The Chinese government has never supported crypto activities since the emergence of the industry. The People’s Bank of China took further actions against the digital industry and banned all local digi...
Japanese Policies On Cryptocurrency Transfers Target Money Laundering – crypto.news
According to Nikkei, the Japanese government will enact transfer regulations as early as the following spring to stop criminals from utilizing cryptocurrency institutions to funnel cash. It will be ne...
Japan Set To Combat Crypto Money Laundering In Recent Law Review
Japan is looking to mitigate the incidence of crypto money laundering in a recent decision to review an already-existing law on money laundering. The use of cryptocurrencies for money laundering and i...
Japan Crypto Rule Now Targets Money Laundering Issues
The Japanese government should introduce rules that target criminals using crypto from crypto exchanges to launder money. Reportedly, these remittance rules are supposed to be introduced by next sprin...
Japan to Toughen Remittance Rules to Fight Money Laundering Using Crypto: Report
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Japan to tighten laws to prevent money laundering via crypto by May 2023
The government of Japan is looking to introduce cryptocurrency transfer rules in May 2023 to track money transfers by criminals, according to a Nikkei Asia report on Sept. 27. The government will amen...
Japan To Revise Regulations Over Money Laundering Concerns
13 seconds ago | 2 mins read Bitcoin News It will help Japan to reduce crypto-related money laundering. These grants authorities the power to make information requests to exchanges. Japan has decided ...
Japan set to introduce anti-money laundering laws targeting crypto exchanges
Japan is ramping up its initiatives to regulate the use of cryptocurrency in aiding criminal activities through exchanges by revising some of the existing financial sector laws. In particular, Japane...
Chinese police arrest crypto criminals for laundering over $5B
As the nation increases measures to curb illegal financial flows, Chinese police have dismantled a huge criminal organization reportedly responsible for a 40 billion yuan (US$5.6 billion) crypto money...
Gang Suspected For $5.6 Billion Money Laundering Case
Gang Suspected For $5.6 Billion Money Laundering CaseChinese Police Seize Money Laundering GangSeptember 26, 2022On September 23, 2022, China’s Hengyang County Public Security Bureau held a pres...
China arrests 93 people suspected of laundering 40B RMB via crypto
China’s Hengyang County Public Security Bureau arrested 93 suspects involved in laundering 40 billion RMB via cryptocurrencies, local media reported on Sept. 25. According to the report, the criminal ...
Chinese police seize criminal gang suspected of laundering over $5 billion in crypto
The Hengyang County Public Security Bureau in China conducted a news conference on September 23, 2022, to discuss the “100-day operation” of the summer public security crackdown. Nine cases were publi...
Chinese police seize criminal suspected of laundering over $5 billion in crypto
The Hengyang County Public Security Bureau in China conducted a news conference on September 23, 2022, to discuss the “100-day operation” of the summer public security crackdown. Nine cases were publi...
Brazil: Cops Raid 6 Crypto Exchanges in Money Laundering Probe
Brazil: Cops Raid 6 Crypto Exchanges in Money Laundering ProbeSix Undisclosed Crypto Exchanges Face Police Action in BrazilSeptember 24, 2022In a tax evasion and money laundering probe involving crypt...
UK Introduces Law to Crackdown on Crypto Money Laundering and Fraud – crypto.news
The UK introduced in Parliament a new bill to make it simpler for law enforcement agencies to seize, freeze, and recover cryptocurrency when it is used for criminal acts, such as money laundering, dru...
Dutch Police Unveil Alleged Money Laundering Using Crypto
6 hours ago | 2 mins read Bitcoin News The arrest of the criminal was noted on the website of the Dutch police force. This person is suspected of using a malicious Electrum wallet software update. Cen...
Dutch Police arrested a man for laundering ‘tens of million’ worth of crypto
A 39-year-old man from Venendal got arrested by the cybercrime team of Central Netherlands Police on dubiety of laundering tens of millions of euros by looted cryptocurrency. Police also claimed that ...
Dutch Police Arrested a Man for Allegedly Laundering Millions With Crypto
The cybercrime team of the Central Netherlands police arrested a 39-year-old resident of Veenendaal on suspicion of laundering tens of millions of euros via stolen cryptocurrencies. The police also su...
Bitcoin money laundering suspect arrested by Dutch police
A man arrested by Dutch authorities last week for allegedly laundering stolen bitcoin worth tens of millions of dollars has been released but still remains a suspect, according to a statement by Dutch...
Dutch Police Busts Man Involved In Laundering Millions Through Crypto
Dutch police recently arrested an individual alleged to have laundered millions of euros using cryptocurrencies. The authorities of the Netherlands have recently intensified their crackdown of crypto-...
Dutch man suspected of laundering ‘tens of millions’ worth of bitcoin
A 39-year-old unidentified Dutch man was arrested near Amsterdam last week for allegedly laundering ‘tens of millions’ of euros worth of cryptocurrency. Authorities say the man was in possession of st...
ePayments shutters as FCA Anti-Money Laundering regulations tighten
The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tuesday, stating that it is officially closing its bu...