7 / 10 Relevant items tagged with #MoneyLaundering
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Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
[Sep 6, 2023 2:30 PM] On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded…
Tornado Cash co-founder pleads not guilty to all charges: Report
[Sep 6, 2023 12:29 PM] Roman Storm, facing charges related to Tornado Cash allegedly facilitating money laundering, has been free on bail following his arrest by U.S. authorities in August.
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
[Aug 26, 2023 11:30 AM] In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to…
Israeli Police Accuse Crypto Businessman Moshe Hogeg of $290 Million Fraud
[Aug 25, 2023 2:30 AM] Following a two-year long investigation, police have alleged that Israeli tech entrepreneur Moshe Hogeg defrauded investors of $290 million. Hogeg and several of his partners are accused of spending the money they collected from Israeli and foreign…
Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion
[Aug 24, 2023 3:00 PM] The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide…
Tornado Cash co-founders charged with money laundering, sanctions violations
[Aug 23, 2023 1:00 PM] Roman Semenov was placed on OFAC's sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer.
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
[Aug 18, 2023 5:30 AM] Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The…
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
[Aug 17, 2023 7:14 AM] Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.
US lawmakers urge White House to address North Korea’s use of digital assets: Report
[Aug 4, 2023 1:00 PM] Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July.
New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering
[Aug 3, 2023 4:30 PM] In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to…
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
[Aug 3, 2023 10:26 AM] The identity of the hacker or hackers behind an exploit that removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3.
Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly
[Aug 1, 2023 12:47 PM] The crypto industry has never made it this far in its quest for a new system of U.S. oversight for digital assets, but the recent flurry of legislative progress may still be too contentious for it to become law.
Double Standards in Finance: SBF’s Legal Troubles Spark Concerns
[Jul 29, 2023 2:30 AM] Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces…
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
[Jul 27, 2023 4:30 PM] According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory…
Namibia signs crypto exchange regulation bill into law
[Jul 25, 2023 9:00 PM] The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.
NY Couple to Forfeit Billions in Crypto and Cash in Plea Deal Over Bitfinex Hack Laundering Case
[Jul 21, 2023 3:30 PM] Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair…
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
[Jul 21, 2023 9:49 AM] Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors.
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
[Jul 20, 2023 3:30 PM] In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized…
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
[Jul 15, 2023 2:00 PM] Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was…
Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US
[Jun 29, 2023 2:30 AM] The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating…
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
[Jun 28, 2023 6:00 AM] While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
[Jun 22, 2023 11:30 AM] Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale.
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
[Jun 16, 2023 7:30 AM] Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of…
Binance under investigation in France since February 2022: Report
[Jun 16, 2023 6:11 AM] The French arm of Binance is reportedly under investigation by the local authorities on charges of “aggravated money laundering.“
Former SEC Official Predicts Impending DOJ Indictment Against Binance
[Jun 11, 2023 9:30 PM] Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his…
Two Russians Charged for Infiltrating Mt Gox and Operating Illicit Crypto Exchange, BTC-e
[Jun 9, 2023 1:30 PM] In a statement issued on Friday, the U.S. Department of Justice (DOJ) revealed that two Russian individuals have been accused of infiltrating a cryptocurrency exchange and running an unlawful exchange. Reportedly, the pair gained unauthorized…
Qatar Didn’t Properly Enforce Its Crypto Ban, Global Money Laundering Watchdog Says
[Jun 1, 2023 8:50 AM] The central bank should proactively identify and sanction service providers breaching its 2019 prohibition, according to the Financial Action Task Force
EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law
[May 31, 2023 10:00 AM] The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations.
EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets
[May 31, 2023 8:18 AM] The European Banking Authority wants to extend money laundering guidance to crypto firms and banks that trade with them