Search Results for "money laundering"
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.
Taiwan's ACE Exchange Founder and Associates Face 20-Year Prison Sentences in Fraud and Money Laundering Case
Taiwan's prosecutors are recommending 20-year prison sentences for four suspects, including ACE Exchange founder David Pan, in a fraud and money laundering case involving the cryptocurrency trading platform. The case, which involved 32 individuals, resulted in over 1,200 victims and an estimated loss of 800 million New Taiwan dollars ($24.56 million).
Bitcoin of America indicted for operating unlicensed kiosks
Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.
Binance Reportedly Faces Investigations from Top US Federal Agencies
The IRS and the DOJ are reportedly probing Binance over tax and money laundering offences.
Binance Debunks Claims Exchange Aided Money Laundering
Crypto exchange Binance denied all allegations of facilitating around $2.4 billion in illicit funds from world-acclaimed criminal organizations like Lazarus Group and Hydra.
Bulgarian Authorities Accuse Four Persons After Nexo Office Raid
The Sofia Nexo raid resulted in four charges. Nexo lets investors borrow and stake crypto. The UK, Bulgaria, and Switzerland-based corporation does not serve Bulgarians. Nexo announced its US service phaseout in December.
China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.
Hackers Launder $27 Million in Stolen Ethereum From North Korean
North Korean exploiters laundering June 2022 Harmony Bridge assault funding.
Spanish Authorities Arrest Bitzlato Exchange Executives for Money Laundering
On Jan. 18, 2023, police enforcement closed Bitzlato.
US Government Removes Cryptocurrency AML Provisions from NDAA
The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.
EU Proposes Cap on Anonymous Crypto Transfers
The European Union is proposing a 1,000 euro cap on anonymous crypto transfers to combat money laundering and terrorist financing. The limit would apply to transfers when a customer cannot be identified, and the proposal also caps cash transactions at 7,000 euros. The Anti-Money Laundering and Countering the Financing of Terrorism package is expected to be confirmed in April.
Elizabeth Warren Wants SEC to Double Down on Crypto Enforcement
Warren wants the SEC to "double down" on crypto enforcement. The U.S. senator said that the previous SEC administration "basically gave the green light" to a cryptocurrency market "full with trash tokens".