US sanctions Russian crypto platforms for money laundering ties
[Sep 26 9:33 PM] Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
2 / 10 Relevant items tagged with #MoneyLaundering
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Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
[Sep 24 8:05 PM] On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the…
FATF Urges India to Strengthen Virtual Asset Regulation
[Sep 21 1:30 AM] India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised…
Germany seizes 47 crypto exchanges tied to ‘underground economy’
[Sep 20 1:20 AM] German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.
German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’
[Sep 19 8:46 PM] The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering.
China’s Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market
FBI Cracks Down on Illegal Gambling Network Using Fake Crypto
[Sep 19 8:30 AM] A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and…
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
[Sep 16 4:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI)…
Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
[Sep 14 9:45 PM] According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision
[Sep 14 7:35 PM] China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money laundering law draft revision, which…
Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings
[Sep 12 5:30 PM] The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups…
Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected
[Sep 11 3:30 PM] Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been…
Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
[Sep 11 12:30 AM] The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is…
Owner of unlicensed UK crypto ATM network faces criminal charges
[Sep 10 4:29 PM] The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
Singapore probes illegal Worldcoin accounts and token sales
[Sep 10 8:20 AM] Singapore is investigating unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity.
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
[Sep 6 2:12 AM] Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence.
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
[Sep 5 1:30 AM] A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack…
Binance exec’s trial brought forward despite no access to legal counselÂ
[Sep 2 9:31 AM] Amid multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its naira currency.
Washington Man Faces Charges in $64 Million Crypto Laundering Scheme
[Aug 31 11:30 AM] A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or…
France Charges Telegram’s Pavel Durov, Sets Bail at €5 Million
[Aug 28 9:10 PM] Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leavingâ€
Jailed Binance Exec's Nigeria Case to Be Heard a Month Early
[Aug 27 10:30 AM] The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.
Russian Cybercriminal Extradited to US in Crypto Crime Case
[Aug 26 2:30 AM] A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in…
Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case
[Aug 23 6:30 AM] A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto…
German Authority Seizes 13 Unauthorized Crypto ATMs
[Aug 21 11:30 PM] Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal…
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
[Aug 19 2:10 AM] Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.
Indian Authority Arrests Man in Crypto Extortion Case
[Aug 18 2:30 AM] A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according…
Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order
[Aug 16 6:30 PM] The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which…
7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors
[Aug 14 11:20 AM] Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency…