Australia’s chief law enforcement agency, the Australian Federal Police (AFP) has increased its scrutiny of the cryptocurrency industry by establishing a dedicated team, to prevent criminals from usin...
Tag: Laundering
Crypto Money Laundering in Australia Watched Over By Crypto Police
The Australian Federal Police has established a new cryptocurrency section to combat money laundering in response to an increase in crimes using cryptocurrencies, according to various sources. He said...
Crypto Exchange Wazir X Accused of Money Laundering
Wazir X – a large and popular digital currency exchange stationed in India – is currently the subject of a financial probe that executives say they’re cooperating with. At the time of writing, the com...
Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
“It’s targeting assets, but it’s also providing that valuable, investigative tracing capability and lens for all of our commands across all of our businesses, whether they’re national security-related...
Australia creates special crypto police unit to crack down on money laundering
Amid a rise in cryptocurrency-related crimes, Australia’s Federal Police has set up a new cryptocurrency unit to crack down on money laundering, the Australian Financial Review reported on September 5...
U.S. Department of Justice Requests Records on Binance and CEO Changpeng Zhao in Money Laundering Probe: Report
The money laundering section of the U.S. Department of Justice (DOJ) is reportedly probing into the records of crypto exchange Binance and its CEO, Changpeng Zhao. Reuters reports that in late 2020, U...
US Prosecutors Scrutinized Chanpeng Zhao’s Phone Records in Anti-Money Laundering Probe
Binance was mandated to submit extensive internal records of its dealings and how it complied with anti-money laundering (AML) rules in the US. New reports have surfaced, revealing that US federal pro...
Data Requested by US DOJ to Supplement Money Laundering Probe on Binance CEO: Report
A new report from Reuters revealed that regulators from the United States Department of Justice (DOJ) had, in late 2020, requested information from Binance as it concerns its internal communications c...
US Investigates Binance on Allegations of Money Laundering
Federal prosecutors working for the U.S. Justice Department asked Binance to provide records relating to money laundering checks, as well as communications between key figures within the company, incl...
U.S. Justice Department Investigating Binance CZ for Crypto Money Laundering
– Advertisement – New request letter surfaces, suggesting Binance and CZ were under investigation for money laundering crimes. The United States Justice Department reportedly investigate...
Georgia aims to adopt European crypto standards for Anti-Money Laundering
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions of becoming a global crypto hub. Georgian lawmakers have prepa...
Investigation into Exchange’s Activity Is Not About Money Laundering
Currently, the ED is reportedly investigating at least ten digital asset exchanges that are suspected of violating the Foreign Exchange Management Act 1999 (FEMA) and the Prevention of Money Launderin...
CoinSwitch Is Not Investigated for Money Laundering, Claims CEO Company not Being Investigated for Money Laundering, CoinSwitch’s CEO Clarifies
CoinSwitch Kuber’s CEO Ashish Singhal on Saturday provided more details about the searches at his office and residence by India’s financial crime investigating agency the directorate of enforcement (E...
Celsius lawsuit accuses KeyFi of crypto theft, lies, and laundering cash
Celsius is launching a lawsuit against DeFi aggregator KeyFi and its CEO Jason Stone, claiming that they lied to the public, lost or stole tens of millions of dollars in crypto, and ran off with a wad...
U.S. OFAC Sanctions on Tornado Cash For $7 Billion Funds Laundering
The Tornado of $7 Billion Cash Laundering Tornado cash is used to launder approximately more than 7 Billion USD since its existence in 2019. This includes three major names from different geographies:...
Russian Accused of Laundering Cryptocurrency From Ransomware Attacks Extradited to US – Bitcoin News
A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The man was alleged...
Israel Busts Crypto Laundering Op Over French Covid Relief Fraud
Alleged fraudsters in France reportedly set up hoax businesses to receive governmental COVID-19 relief The funds were then sent to suspected money launders in Israel, who washed them via cryptocurrenc...
Three Suspects Arrested In Israel With Multi-Million Crypto Laundering Scheme Targeting French Treasury
– Advertisement – Three Suspects were Arrested In Israel with a multi-million crypto laundering scheme to trick the French treasury. Israeli authorities have taken into custody three peo...
Alexander Vinnik’s Extradition Due to Crypto Money Laundering?
Vinnik’s Arrival in The USA Alexander Vinnik, a Russian national, is said to have arrived in the US after a protracted extradition dispute involving the US, Russia, and France on allegations of crypto...
India investigates ten crypto exchanges over money laundering claims
The Enforcement Directorate in India has launched an investigation against ten cryptocurrency exchanges. The directorate said these exchanges had helped launder over one billion rupees worth of crypto...
Suspected Developer of Crypto Mixer Tornado Cash Arrested in Netherlands for Alleged Money Laundering
The suspected developer of recently-banned crypto mixer Tornado Cash is reportedly being arrested in Amsterdam over an alleged money laundering scheme. According to a new press release by Fiscal Infor...
Crypto Exchanges Under Probe In India For $125 Million Laundering Scheme
India’s financial crime-busting agency is now zooming its lens on more than 10 cryptocurrency exchanges in the country for what it believes is illegally moving more than 10 billion rupees ($125 millio...
India Investigates Ten Crypto Exchanges For Laundering Over $125 Million
India’s Enforcement Directorate is conducting an investigation against ten cryptocurrency exchanges allegedly involved in laundering more than 1 billion rupees, equivalent to more than $125 million in...
India’s ED Probes at Least 10 Crypto Exchanges on Money Laundering Allegations: Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Tornado Cash Is Banned By US Government With Money Laundering On The Rise
The U.S. Department of Treasury has listed Tornado Cash on the List of Specially Designated Nationals and Blocked Persons (SDN) and prohibited American persons from using the service. Sanction violati...
Tornado Cash Sanctioned by U.S Agency Over Money Laundering
Altcoin News Tornado was defined as a virtual currency mixer used to launder cybercrime revenues. The move went into effect on Monday, according to the US Department of Treasury. Tornado Cash, a crypt...
BitMEX Executive Pleads Guilty to Violating US Anti-Money Laundering Program
Two years ago, the Commodity Futures Trading Commission, Department of Justice and the Financial Crimes Enforcement Network (FinCEN) slapped BitMex with civil and criminal charges after the firm allow...