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Crypto and money laundering: What you need to know

[Mar 18 8:35 AM] What is crypto money laundering? Crypto money laundering involves concealing illegally obtained funds by funneling them through cryptocurrency transactions to obscure their origin. Criminals may operate offchain but move funds onchain to facilitate…

BTC Donor Denied Bail: South African Law Enforcement Claims Incriminating Evidence, While Man Denies Accusations

[Jan 15 11:30 AM] A South African law enforcement agency has opposed bail for Ziyadh Hoorzook, who is accused of donating bitcoin to an organization allegedly funding terrorism. Hawks Say They Uncovered Compelling Evidence A South African law enforcement agency…

Blender and Sinbad operators face US money laundering charges

[Jan 10 6:54 PM] Two Russian nationals face charges of conspiracy to commit money laundering and operating an unlicensed money-transmitting business, while one remains at large.

Kazakhstan shut down 36 illegal crypto exchanges in 2024 crackdown

[Jan 8 9:20 AM] Kazakhstan shut down 36 illegal crypto exchanges in 2024, seizing $112 million in assets and advancing Anti-Money Laundering efforts alongside its upcoming digital tenge launch.

California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam

[Jan 3 2:54 AM] California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.

Bitfinex hacker speaks out after sentencing

[Dec 19, 2024 4:38 PM] Ilya Lichtenstein urged his social media followers not to blame his wife — also implicated in money laundering — for the 2016 Bitfinex hack.

Crypto Money Laundering: Aussie Agency to Target Crypto ATM Providers

[Dec 8, 2024 11:30 AM] Australia’s financial intelligence agency has said it will crack down on cryptocurrency ATM providers to combat money laundering and scams. Task Force Targets Crypto ATMs The Australian Transaction Reports and Analysis Centre (AUSTRAC)…

Russia sentences Hydra market founder to life in prison

[Dec 4, 2024 2:29 AM] Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.

Bitfinex money launderer ‘Razzlekhan’ sentenced to 18 months in prison

[Nov 18, 2024 7:32 PM] A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex.

Crypto Mixer Helix Founder Sentenced For Laundering $300 Million In Bitcoin

[Nov 17, 2024 7:00 AM] Larry Dean Harmon of Ohio was officially sentenced Friday for running the darknet crypto mixer Helix over allegations that he had processed over $300 million worth of crypto tokens from 2014 to 2017. Harmon gets a three-year sentence, in addition…

Helix mixer operator gets 3 years in prison for money laundering

[Nov 15, 2024 9:16 PM] Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov.

South Korea probes Upbit for 600K KYC violations

[Nov 15, 2024 9:11 AM] Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.

Money Launderer Who Moved Scam Victims' Funds Faces Up to Two Decades in U.S. Prison

[Nov 13, 2024 10:29 AM] Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled.

Binance exec leaves Nigeria after authorities drop final charges

[Oct 24, 2024 2:33 PM] After eight months’ detainment in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, is heading home for medical treatment.

Monero Decrypted? Japanese Police Report Breakthrough in Flow Analysis Development

[Oct 23, 2024 5:30 PM] The Japanese National Police Agency’s Cyber Special Investigation Division announced the arrest of a suspect accused of money laundering, computer fraud, and credit card phishing crimes. Japanese authorities disclosed that they identified the…

Chinese trader laundered more than $17M for Lazarus Group in 25 hacks

[Oct 23, 2024 2:12 PM] The North Korean cybercrime group is credited with some of the biggest crypto hacks, including the $600 million Ronin bridge exploit.

Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent

[Oct 23, 2024 12:12 PM] The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that…

Nigeria drops money laundering charges against Binance exec

[Oct 23, 2024 10:51 AM] Announcing the withdrawal of the charges, the EFCC lawyer reportedly said that Tigran Gambaryan was merely an employee of Binance.

UK’s finance watchdog defends ‘too tough’ crypto stance

[Oct 22, 2024 10:52 AM] The FCA defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder UK global financial leadership.

Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations

[Oct 20, 2024 6:30 AM] Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency…

20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme

[Oct 18, 2024 6:30 AM] A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency…

India’s crypto tax is a gov’t attempt to ‘displace’ the tech — Lawyer 

[Oct 17, 2024 1:28 PM] Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology. 

Ireland drafting urgent crypto laws before EU money laundering rules

[Oct 17, 2024 6:09 AM] Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation.

Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds

[Oct 17, 2024 5:59 AM] Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say. 

US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein 

[Oct 16, 2024 2:42 PM] U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000…

UK, Colombia crypto exchanges linked in TD Bank record fine

[Oct 14, 2024 3:08 PM] TD Bank facilitated more than $1 billion worth of bank transfers from two international crypto platforms, according to FinCEN.

TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy

[Oct 14, 2024 1:30 AM] TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead…

Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

[Oct 10, 2024 9:34 PM] The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants…

Nigerian Regulator Pledges to Fight Crypto Fraud

[Oct 9, 2024 9:45 PM] The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos…

New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes

[Oct 7, 2024 11:20 AM] New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the…