The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose...
Tag: Laundering
Argentina Cracks Down on Crypto With Anti-Money Laundering Rules
Argentina is set to include cryptocurrency firms in its wider anti-money laundering (AML) regulatory regime, per the Buenos Aires Times. Argentina’s Unidad de Información Financiera (UIF) is the coun...
Tencent to face a record fine for money laundering
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and to take control of their financial futu...
Bitcoin ATMs Banned in the United Kingdom Over Money Laundering Concerns
The Financial Conduct Authority (FCA) of Britain has ordered that all Bitcoin cashpoints in the country be shut down. ATM providers recently received an order from the watchdog to cease operations, or...
DOJ to Fight Crypto Money Laundering in Russia
With the recent invasion of Ukraine by Russia, many have stated that the imposing nation is going to look to bitcoin and assorted cryptocurrencies to avoid or get around sanctions enforced by the Unit...
The Crypto Crime Series: Money laundering underpins all forms of cryptocurrency crime
The rise in cryptocurrency-related crime we’ve seen in the past year has been somewhat expected. As the crypto market grows, so does the number of malicious actors that operate in it. To read the rest...
US Treasury Department Targets NFTs for Potential Money Laundering
Apprehensions against Non Fungible Tokens were always high. When we think about it, to those who are outsiders to crypto-space, the concept of high-value for crypto arts that look nothing more like pi...
BitMEX Co-Founders Plead Guilty to Money Laundering Charges
Key Takeaways BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to violating the Bank Secrecy Act. In 2020, they were charged for illegally offering Bitcoin derivatives trading to ...
EU reportedly plans to task new money laundering agency with oversight of crypto
advertisement The European Union reportedly plans to gives its new anti-money laundering (AML) agency oversight of crypto companies amid concern digital assets could be used to circumvent current cont...
EU Wants Anti-Money Laundering Regulator to Monitor Crypto
Key Takeaways The European Union is looking to give its new anti-money laundering watchdog power to monitor the crypto space. Due to launch in 2024, the watchdog will be tasked with reducing financial...
Nigeria’s eNaira CBDC may pose money laundering risks, IMF warns
advertisement The International Monetary Fund (IMF) warned that Nigeria’s eNaira could pose money laundering risks, despite previously stating that the central bank digital currency (CBDC) was safer t...
Family behind Fatburger under investigation for alleged fraud, money laundering, records show
Andrew Wiederhorn, CEO of Fat Brands, at their corporate offices in Beverly Hills on Sept. 19, 2017. (Marcus Yam / Los Angeles Times) Federal authorities have been investigating Andrew Wiederhorn, chi...
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack – Coinotizia
On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of th...
18 Major Crypto Firms Join Forces to Stop Money Laundering
Some major crypto exchanges and custody companies gathered to launch the Travel Rule Universal Solution Technology, also called TRUST. Announced by Coinbase, this “industry-driven” solution is develop...
Coinbase, Robinhood, Kraken and Other Top Exchanges Join New Anti-Money Laundering Organization
A slew of prominent exchange platforms are joining a new anti-money laundering initiative. According to a recent blog post by leading crypto exchange Coinbase, it and other popular trading platforms s...
The Bitfinex Laundering Story Continues
While initial reports suggested there was a server breach at BitGo at the time, the company said it found no evidence of such. Further, Bitfinex held two of the keys. The precise details of the hack i...
Coinbase, BlockFi, Kraken Team Up on Anti-Money Laundering Initiative
Key Takeaways A group of 18 crypto companies have launched TRUST, the Travel Rule Universal Solution Technology. The new solution will help companies comply with the Financial Action Task Force’...
Federal Judge Releases ‘Razzlekhan,’ Orders Other Bitfinex Hack Laundering Suspect to Remain in Jail
Prosecutors allege that Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, conspired together to launder 119,754 bitcoins – worth over $5 billion in today’s prices – that were stolen during the ...
Major Crypto Companies Announce Plan on Money Laundering, Privacy
In brief Coinbase, Circle, Anchorage and Robinhood are among the companies participating. They announced “TRUST,” a system that aspires to comply with anti-money laundering rules while pro...
Spanish Civil Guard Busts Organization Dedicated to Laundering Money With Crypto – Bitcoin News
The Spanish Civil Guard has broken up a group that used cryptocurrencies as a tool to launder money. The organization, that operated in Madrid, supposedly lent these services to other criminal organiz...
Bitcoin (BTC) Money Laundering Case: Contrasting Valentine for Husband-Wife Duo
TR; DR Breakdown A couple is accused of being involved in Bitfinex $3.6 billion Bitcoin launder. The wife has been released on bail, while husband remains in detention. In the just-concluded Valentine...
Netflix Orders Doc Series About Crypto Laundering Of A Couple
On Friday, a well-known American streaming service, Netflix, announced that it ordered a docuseries on crypto laundering linked to Bitfinex’s historic hack of 2016. Netflix came to this move after the...
Regulators witnesses a new twist of laundering via NFTs
NFTs have gained mainstream utility over the last year. Several pixelated arts have been sold for millions of dollars. And still the craze for these digital collectibles are continuing to surge. Howev...
UK May Boot Almost 100 Crypto Firms as Anti-Money Laundering Deadline Approaches
With almost 100 digital money firms actually trusting that endorsement will work in the U.K. as a March 31 cutoff time draws near It appears to be probable that the Financial Conduct Authority (FCA) ...
Laundering via digital pictures? A new twist in the regulatory discussion around NFTs
On Feb. 6, the United States Department of the Treasury released a report under the headline “Study of the facilitation of money laundering and terror finance through the trade in works of art.” In fa...
Bitfinex Hack and Bitcoin Laundering Scheme Coming to Netflix
In brief Makers of “Tiger King” and the Fyre Festival documentary “FYRE” are tagged to produce. The series will follow the 2016 Bitfinex hack and the subsequent conspiracy to l...
Couple accused of laundering $4.5 billion in bitcoin face bail decision in DC
The couple accused of laundering $4.5 billion in stolen bitcoin will continue negotiating their bail agreement in Washington DC, according to a new transport order. Heather Morgan, known also by the r...
Judge Stops Release of Bitfinex Hack Laundering Suspects
Chief Judge Beryl Howell, of the U.S. District Court for Washington, D.C., stayed an earlier order by a New York magistrate judge to release Ilya “Dutch” Lichtenstein and Heather Morgan on...
Heather Morgan & Ilya Lichtenstein arrested for crypto laundering — Quartz
On Feb. 8, the US Justice Department announced that Heather Morgan and Ilya Lichtenstein were arrested and charged for conspiracy to launder stolen cryptocurrency worth an estimated $4.5 billion. The ...