8 / 10 Relevant items tagged with #Moneylaundering
Posts: 285
Posts
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.
Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency
Blockchain Association files brief in Tornado Cash case
[Apr 12, 2023 2:40 PM] The advocacy group was joined by the DeFi Education Fund in arguing that the crypto mixer has important social functions and OFAC could set a dangerous precedent.
EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets
[Apr 12, 2023 2:48 AM] Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU's monitoring body for drugs concluded.
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
[Apr 6, 2023 1:30 PM] The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to…
North Korea and criminals are using DeFi services for money laundering — US Treasury
[Apr 6, 2023 9:12 AM] Despite the warnings on DeFi, the Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem.
European Banking Regulator Calls Attention to Digital Ledger Technology
[Mar 29, 2023 4:04 AM] Draft guidance from the EU banking watchdog picks out crypto technology for scrutiny and proposes vetting procedures for senior staff.
North Korean hackers using stolen crypto to mine more crypto via cloud services: Report
[Mar 28, 2023 3:33 PM] Cybersecurity firm Mandiant has “graduated” a new group of hackers who finance state goals and their own existence with the help of crypto laundering.
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
[Mar 28, 2023 1:00 PM] On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According…
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
[Mar 28, 2023 11:30 AM] Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government…
EU Lawmakers Vote in Favor of Payment Limits on Anonymous Crypto Wallets
[Mar 28, 2023 5:58 AM] Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees
National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes
[Mar 28, 2023 5:30 AM] National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney…
EU Money Laundering Law Won’t Prevent Crypto Payments, Lead Lawmaker Says
[Mar 28, 2023 2:53 AM] The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.
Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
[Mar 26, 2023 4:30 PM] The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed…
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report
[Mar 22, 2023 12:30 AM] Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server…