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.
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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
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
[May 28, 2023 7:01 AM] Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
[May 25, 2023 12:00 AM] Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the…
FATF President Urges G7 to Lead in Shutting Down ‘Lawless Crypto Space’
[May 19, 2023 2:30 PM] It is necessary to put an “end to the lawless crypto space,” according to the head of the Financial Action Task Force (FATF). G7 nations must set an example in implementing global standards on combating money laundering, the executive insisted, as…
Elizabeth Warren’s Bill Won’t Stop Money Laundering, but It Could Ban Crypto
[May 18, 2023 12:08 PM] The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are pushing through Congress is the legislative equivalent of a Trojan Horse, writes John Rizzo. It would effectively ban crypto in the guise of fighting…
G-7 Must Take Charge in Ending 'Lawless' Crypto Space, FATF Chief Says
[May 18, 2023 3:52 AM] President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to "effectively" implement FATF's crypto anti-money laundering norms ahead of their meeting this weekend.
Pakistan to Ban Online Services Related to Cryptocurrencies
[May 18, 2023 3:30 AM] Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of…
Serial Phishing Scammer Uses a Mix of Laundering Techniques, Including Coin Swaps and a Mysterious OTC
[May 16, 2023 1:34 PM] Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
[May 11, 2023 5:30 AM] The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses…
Ukraine, US Shut Down 9 Cryptocurrency Exchanges
[May 4, 2023 1:30 AM] Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various…
FBI, Ukraine seize 9 exchange domains on money laundering allegations
[May 3, 2023 12:03 AM] The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.
US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine
[Apr 23, 2023 10:00 PM] A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the…
Tornado Cash dev Alex Pertsev set to be released from prison under surveillance
[Apr 20, 2023 5:16 AM] The Tornado Cash developer was arrested in August by Dutch authorities as part of a criminal investigation against the crypto mixer service.
Tornado Cash Developer Pertsev Can Be Freed Pending Trial, Dutch Court Rules
[Apr 20, 2023 5:09 AM] Pertsev has been in a Dutch jail since August after U.S. authorities sanctioned the privacy protocol
Ryuk Ransomware Gang’s Crypto Broker Gets Light Sentence After a Guilty Plea
[Apr 17, 2023 4:44 PM] Denis Dubnikov, a founder of two OTC trading desks in Russia tied to ransomware attacks, was sentenced to no jail time and forfeiture of $2,000 last week after a guilty plea, court documents show.