The first employee of BitMEX cryptocurrency derivatives exchange Monday pleaded guilty to violating a U.S. federal anti-money laundering law by failing to put in place an anti-money laundering program...
Tag: Laundering
UAE introduces new reporting requirements to counter crypto real estate money laundering
The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8. The new rules are aimed at clamping down on money laund...
UAE To Clamp Down on Crypto Real Estate Money Laundering
They would also require brokers, agents and law firms to file reports to the Financial Intelligence Unit, which is responsible for tracking dirty money, and would also apply when the buyer attempts to...
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges. In a statement, Kenneth A. Polite Jr., an assistant...
Alexander Vinnik extradited to the US on money laundering charges
Alexander Vinnik, a Bitcoin BTC-e operator, has been extradited to the United States. Vinnik is now facing multiple charges, including money laundering, while working on the exchange that has since be...
Changpeng Zhao (CZ) Distances Binance From WazirX Amid Money Laundering Accusations
– Advertisement – Binance CEO Comes Out To Clarify That His Exchange Never Acquired WazirX As Incorrectly Reported By Some Media. Contrary to some media reports, Binance’s CEO claims his...
Crypto Exchange WazirX Bank Assets Frozen Over Money laundering Charges
The Indian Cryptocurrency Exchange, WazirX has landed under the radar of the Enforcement Directorate (ED). In the latest developments, the ED searched the premises of WazirX’s Director. ED Froze Wazir...
India freezes 64.67 crore ($8.1M) of WazirX’s funds for money laundering probe
India’s Enforcement Directorate (ED) has ordered the freeze of a WazirX bank account with Rs 64.67 crore (roughly $8.1 million) in connection with a money laundering investigation, IndiaToday reported...
Binance-owned WazirX under investigation in India over alleged money laundering
The Indian Directorate of Enforcement is investigating WazirX to determine whether it facilitated the laundering of 2,790 crore Indian rupees(over $350 million) through its platform, the country’s Fin...
WazirX Under Scrutiny by Indian Agencies For Money Laundering
10 hours ago | 2 mins read Bitcoin News A Show Cause Notice (SCN) has been issued under the terms of FEMA. ED is probing two instances involving WazirX under the FEMA Act 1999. State Minister for Fina...
WazirX Probed For Money Laundering of Over $350M!
On August 2, Pankaj Chaudhary (Minister of State for Finance) submitted a report in the Rajya Sabha addressing Money Laundering charges against the Indian Bitcoin exchange – WazirX. The report mention...
Latvian Artist Threatened With Prison for Money Laundering Through NFTs – Bitcoin News
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank ...
Latvian NFT Artist €8.7 Million Earnings Seized Over Allegations of Money Laundering
The Latvian government has frozen NFT artist Ilya Borisov’s earnings of around €8.7 million over allegations of money laundering. He faces up to 12 years in jail if found guilty. According to Borisov,...
Latvian NFT artist faces 12 years in jail over ‘money laundering’, €8.7 million art earnings frozen
A Latvian developer and artist identified as Ilya Borisov is facing up to 12 years in prison after authorities claimed that his non-fungible tokens (NFT) earnings of €8.7 million are proceeds of money...
Ukraine seizes $3 million in cash, other assets from crypto traders accused of funneling Russian funds
Ukrainian authorities have broken up what they say was a crypto trading desk that illegally funneled money for Russians. The Ukrainian Prosecutor General’s office on July 12 announced the seizu...
Brazil Gang Allegedly Used Crypto For Laundering
The federal police of Brazil launched an operation against a gang and purported cryptocurrency tokens. The police have executed around 60 search and seizure orders. Among other money laundering ...
Brazilian Federal Police Bust Crypto Laundering Gang
Federal police in Brazil have captured a criminal organization accused of using cryptocurrency to launder funds generated from illegal gold mining. Under Operation Greed, some 60 search and seizure wa...
Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen – Bitcoin News
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The ag...
Russian media watchdog unblocks crypto news site after money laundering claims
Roskomnadzor, the government agency that oversees Russia’s mass media, has allowed users to once again access a prominent Russian crypto news page. Bits.media, a Russian crypto-related news site, was ...
Bitcoin Critic Peter Schiff’s Bank Closed Over Alleged Tax Evasion, Money Laundering
Regulators in Puerto Rico have issued a cease-and-desist order to a bank that is owned by bitcoin critic Peter Schiff, which has been the subject of an international investigation over tax evasion and...
Bitcoin Critic Peter Schiff’s Bank Account Closed Over Alleged Tax Evasion, Money Laundering
Regulators in Puerto Rico have issued a cease-and-desist order to a bank that is owned by bitcoin critic Peter Schiff, which has been the subject of an international investigation over tax evasion and...
Russian government blocks crypto news site for ‘promoting money laundering’
Despite the rapid expansion of the cryptocurrency industry, digital assets like Bitcoin (BTC) and their promotion are not looked upon favorably everywhere, with the Russian government even blocking ce...
New proposal from EU for crypto money laundering- The Cryptonomist
There appears to be agreement on a new regulation to be approved to boost anti-money laundering activities in crypto. European Union proposes new directives for crypto money laundering While waiting f...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies – Regulation Bitcoin News
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activitie...
EU Finalizes Crypto Anti-Money Laundering Rules, Walks Back Tracking of Private Wallets
The European Union (EU) reached a deal on Wednesday regarding anti-money laundering rules that would apply to a large number of cryptocurrency transactions. The new rules aim to prevent money launderi...
Hackers Begin Laundering Funds Stolen From Harmony’s Horizon Bridge – crypto.news
Hackers who made off with $100 million worth of altcoins from the Horizon blockchain bridge five days ago have begun disposing of their loot. $22 Million Worth of Ether Shifted to Tornado Cash In a Tw...
Harmony Hackers Begin Laundering Ethereum Stolen From Horizon Bridge
The hackers responsible for stealing $100 million in altcoins from Harmony Protocol‘s Horizon bridge have begun to launder the funds, according to PeckShield. The hackers sent three transactions...
Harmony Hackers Begin Laundering Funds Stolen from Horizon Bridge
The hackers of the Harmony Horizon Bridge have begun laundering the $100 million in Ethereum and other tokens stolen from the blockchain. The hackers behind the $100 million altcoin theft from Harmony...
Hacker begins laundering funds from $100 million Harmony bridge attack
The hacker responsible for stealing $100 million from Horizon, a cross-chain bridge tied to the Harmony blockchain protocol, has begun laundering the funds, according to reports by PeckShield. Data fr...
Money Laundering Of Stolen Harmony Blockchain Funds Initiated By Hackers
Just the previous week, hackers attacked harmony blockchain to wipe out $100 Million worth of crypto assets. But in the latest news, hackers are making their moves and have already started to launder ...
Harmony Hacker Declines $1M Whitehat Offer, Begins Laundering Stolen Funds
Late last week, Harmony Protocol’s bridge to the BSC and Ethereum networks was exploited, leading to a loss of $100 million worth of ETH. Following a curiously underwhelming statement that at least th...