Search Results for "money-laundering"
US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange
The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.
US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft
Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government yesterday for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack. The pair have been charged with stealing nearly $250 million in virtual assets and laundering the money through converting BTC to USD and Chinese Yuan as well as through iTunes gift cards.
ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns
Ralph Hamers, the CEO of ING, warned that Facebook's relationships with banks will probably be cut off due to its inability to address Libra regulatory issues, especially the money-laundering fears.
US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.
Greece Council of State Rules for the Extradition of a Russian Bitcoin Laundering Suspect to France
Greece Council of State has ruled in favor of the order to extradite a Russian bitcoin laundering suspect named Alexander Vinnik, A.K.A "Mr. Bitcoin" to France, as reported by Greece Greek Reporter.
OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist
Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.
First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.
Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion
Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.
LocalBitcoins Seller Charged by US Homeland Security for Money Laundering
Kenneth Rhule, a localBitcoins seller is charged by the US Homeland Security for conducting an unlicensed money transmitting business. Rhule can face up to forty years in prison on account of fraudulent activity alongside illegal marijuana production and distribution.
SEC Charges Disgraced Lobbyist Jack Abramoff With Fraud for AML Bitcoin ICO
Political lobbyist Jack Abramoff and Marcus Andrade, CEO of the NAC Foundation, have been charged with fraud by the Securities and Exchange Commission (SEC) for misrepresenting their token’s compliance. The pair also face criminal charges with the Department of Justice (DOJ) for money laundering.
FATF Virtual Assets Guidelines for Cryptosphere Review
With the growing concern of virtual assets/cryptocurrencies being used as a medium for the financing of illegal activities, the Financial Action Task Force (FATF) issues revised guidance from time to time to combat money laundering and terrorist financing involving virtual assets (VAs) and virtual asset service providers (VASPs).
US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate
The US Treasury Department Office of Foreign Asset Control has sanctioned two men believed to involved in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange.