Web3 venture builder Chainway recently announced a tool that would interest Tornado Cash users — a tool that would provide data supposedly showing their funds are from a legitimate source. At is...
Tag: Money laundering
‘Thunder Attack’ Busts $1.7B Tether-fueled Money Laundering Ring
Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto. In a coordinated bust, the Horq...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
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...
Tornado Cash developer Alexey Pertsev detained another three months
Alexey Pertsev, the creator of the crypto mixer Tornado Cash, will be detained in a Dutch jail for another three months, Pertsev’s wife Ksenia Malik confirmed. Dutch authorities arrested P...
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...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
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...
U.S. Must Contain Fallout From Crypto-Zone Scheme On Nuked Pacific Island
TO GO WITH Marshalls-US-nuclear-health by Giff Johnson This undated aerial photo received on March … [+] 4, 2010 shows Rongelap Island, one of more than 60 in a necklace of coral islands that wa...
Ex-Morgan Stanley Advisor Pleads Guilty to $7 Million Fraud
A former Morgan Stanley advisor pleaded guilty on Thursday to wire fraud and money laundering as part of a $7 million fraud scheme, according to the Department of Justice. Ex-advisor Shawn Edward Good...
Bannon Indicted In New York For Border Wall Scheme—Here Are The Charges He’s Facing
Topline Former Trump advisor Steve Bannon and the organization WeBuildTheWall were indicted in New York state court Thursday for money laundering, conspiracy and scheme to defraud, marking the second ...
Alleged Russian ransomware hacker extradited from Netherlands to US
A Russian citizen and alleged participant in Ryuk ransomware attacks has been extradited from the Netherlands for trial in the US. Denis Mihaqlovic Dubnikov and his co-conspirators allegedly launder...
IRS And Foreign Tax Enforcers Warn NFTs Pose Growing Money Laundering Risks
Global regulators issued a new warning about how criminals can use NFTs for money laundering. Eva Marie Uzcategui/Bloomberg On Thursday, global regulators issued a new warning of the growing risks of ...
Feds Charge Two 20-Year-Olds In Alleged NFT Money Laundering, ‘Rug Pull’ Scheme
Some of the art used to market Frosties, a NFT project prosecutors say led to a $1.1 million … [+] swindle. Courtesy DOJ The Department of Justice hit a pair of 20-year-olds with fraud and money...
Tencent Stock Sinks on Report of Record Money-Laundering Fine
Text size Tencent headquarters in the southern Chinese city of Shenzhen, in Guangdong province. Noel Celis/AFP via Getty Images Tencent Holdings dropped almost 10% after The Wall Street Journal report...