Why Proof of Innocence Won’t Work for US Tornado Cash Users

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...

‘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...

The Block: Chinese authorities break up billion-dollar crypto money laundering ring: China News

Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News reports. Following an investigation into unusual...

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...

UAE is placed on money laundering watchdog’s ‘gray list’

Dubai, United Arab Emirates, on July 5, 2021. Christopher Pike | Bloomberg | Getty Images An intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday pla...

UAE set to be put on money laundering watchdog’s ‘gray list,’ report says

The Gate Building (center left) in the Dubai International Financial Centre, United Arab Emirates, on July 5, 2021. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — The Financ...

Alleged Bitcoin Money Launderer ‘Razzlekhan’ To Be Released, Husband Remains Behind Bars

Heather Morgan, also known as “Razzlekhan,” on a phone in front of the Bitcoin logo. Morgan and her husband, Ilya Lichtensten, were in court Monday for a bail hearing on Monday. The two ar...