2021-7-23 13:26 |
Ministry of Industry and Information Technology in China has detained more than 380 criminal groups that had used crypto for money laundering and in telecom frauds origin »
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The U. S. Treasury has sanctioned a Russian national working at Polyus, Russia’s largest state-owned gold producer for being involved in a complex crypto laundering scheme. The U. S. Department of Treasury on Jan.
2024-6-13 12:25 | |
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The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The UK Treasury said in a May 1 report that the FCA considers crypto firms — like retail and wholesale banks and wealth management firms — to be “particularly vulnerable” to financial crime and at the […] The post UK sharpens focus on crypto regulation in latest anti-money laundering report appeared first on CryptoSlate.
2024-5-2 23:32 | |
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"Cleaning" illicit funds used to be a much more complex process. In recent years, crypto money laundering has made it easier. The post Crypto Money Laundering Is on the Rise, Law Enforcement Are Paying Attention appeared first on BeInCrypto.
2023-2-22 02:00 | |
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The UK’s top regulatory body, the Financial Conduct Authority (FCA), has proposed a new policy for crypto exchange and wallet custodians. This policy requires crypto companies to submit a detailed history or report on potential money laundering.
2020-8-26 22:16 | |
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The owner of Romanian crypto exchange CoinFlux has admitted to laundering money in a fraudulent scheme involving fake eBay ads and a car wash.
2020-6-13 15:53 | |
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The crypto exchange released a statement Friday denying that it had any part in the payment processor's alleged money laundering.
2019-10-26 19:40 | |
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Peru’s race to evolve its legal system and adapt to the challenges of a “crypto society” has only just begun. In an interview granted to JusticiaTV, the official channel of the Peruvian judicial system, the Superior Judge of that country, Bonifacio Meneses Gonzales, asked Congress to regulate crypto to combat money laundering.
2019-7-25 20:45 | |
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In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
2019-4-25 20:37 | |
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Morgan Stanley fine reveals that it’s the financial industry that has a problem with money laundering, not crypto
2019-1-5 21:23 | |
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Shapeshift accused of money laundering $9 million, Pornhub announces limp take-up on crypto payments, Tether loses yet another bank, Binance pumps $2.5 million into Australian startup.
2018-10-5 12:12 | |
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Greg Pinn has a decade of experience leading global best practices in anti-money laundering (AML) and know-your-customer (KYC) industry. Greg currently serves as head of product strategy for iComply and previously ran strategy for World-Check, the world leader in risk-based intelligence data.
2018-9-4 12:30 | |
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Bitcoin (BTC), Cryptocurrency–Charlie Shrem, Bitcoin advocate and founder of now defunct BitInstant, has some words on the current price volatility of the market and how investors should respond to the constant ebb and flow of cryptocurrency: “Just have fun with it.
2018-9-4 01:52 | |
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After an all out assault on cryptocurrencies in India by the central bank – The Reserve Bank of India (RBI) many speculated around why the RBI had decided to essentially bank cryptocurrency trading in the country.
2018-8-31 08:00 | |
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As it evolves into one of the world’s leading hubs for cryptocurrency exchanges, Brazil’s government is taking questionable action to investigate potential money laundering usage. Brazil’s Top 10 Crypto Exchanges Receive Subpoenas A number of cryptocurrency exchanges have received a 14-question subpoena in the past two weeks and were ordered to file responses within five […] The post Brazilian Crypto Exchanges Subpoenaed in Security Inquiry Amid Recent Hacking Scandal appeared first on CryptoSlate.
2018-8-30 22:00 | |
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Despite continuing to maintain an unfavorable stance for cryptocurrencies and citing their potential role in money laundering, Indian government officials revealed they are looking at tokenized datasets and other cryptographic forms of blockchain technology.
2018-8-13 13:00 | |
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The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
2018-8-6 18:55 | |
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ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.
2018-8-6 17:40 | |
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A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.
2018-8-3 16:00 | |
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Celebrities like cryptocurrency. Though many of them don’t really talk about it in the public sphere, why is this? Well, it’s pretty obvious isn’t it, a public association with a cryptocurrency and a celebrity will no doubt leads to that same celebrity being associated with crime lords, fraud, money laundering, drugs and terrorism.
2018-7-31 15:30 | |
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Lykke, a FinTech company building a regulated, blockchain-based global marketplace, will add Coinfirm’s AMLT token to the list of tradable assets on the Lykke Exchange. A leading global RegTech enterprise focused on anti-money laundering for blockchain, Coinfirm created AMLT as the native token of The Coinfirm AML/KYC Platform for major crypto players, ICOs and financial institutions.
2018-7-31 13:18 | |
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“Cryptocurrencies can bring significant advantages to the traditional economy and do not pose a global risk to financial stability. ” This was the general sentiment when the Finance Ministers and Central Bank Governors of the world’s largest economies spoke about cryptocurrency in the G20 conference.
2018-7-28 13:58 | |
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At the last G20 summit in March 2018, financial leadership from twenty of the world’s most significant economies had wildly divergent opinions about the validity and risk of cryptocurrencies. While some countries feared that official actions by the group would provide more legitimacy than the relatively new currencies deserved, others worried that an unregulated crypto […] The post G20 Refrains from Regulation, Vows to Fight Money Laundering at Recent Summit appeared first on CryptoSlate.
2018-7-28 05:00 | |
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KYC/AML Is a Bigger Scam Than Any Crypto Venture: Here’s Why It is definitely no secret that many new crypto ventures are later exposed to be scams, meant to make technological enthusiasts money before anyone notices.
2018-7-27 21:55 | |
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Representative of South Korea FSC Urges Crypto Regulation, As Hacks and Theft Increase South Korea has been both praised for and concerned about when it comes to cryptocurrencies. The former is due to its growing number of crypto exchanges.
2018-7-27 12:56 | |
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We've all heard of KYC/AML (Know Your Customer/Anti-Money Laundering). But have you ever wondered what it involves and how crypto companies can be compliant? The post Have You Ever Wondered What Really Goes into KYC/AML? appeared first on CoinCentral.
2018-7-27 04:08 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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Back in a March 2018, the members of the G20 countries have decided that it was necessary to look into anti-money laundering policies that can be applied to cryptocurrencies. This decision comes from the multiple cases that previously arose in terms of money laundering, terrorism financing and several of its likes. As per a released […]
2018-7-24 16:50 | |
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The group will wait for the results of the ongoing FATF standards review, the G20 finance ministers and central bank governors decided this weekend.
2018-7-23 18:01 | |
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G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.
2018-7-23 09:00 | |
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As the unified Parliament sets out to amend one of its most comprehensive financial laws, it sought the help of a study to include new regulations for the emerging alternate financial system that would include use of cryptocurrencies.
2018-7-21 09:43 | |
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In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies could pose a significant risk to the country’s financial stability at their current size. U.S. Representative and vice-chairman of
2018-7-19 17:07 | |
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The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering.
2018-7-19 14:05 | |
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Historically, the pace of technological innovation has often left institutions struggling to adapt fast enough, and the same is now proving true with cryptocurrency.
2018-7-17 02:19 | |
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As the crypto market continues to meld into the realm of traditional finance, the Chartered Financial Analyst (CFA) Institute is taking notice — so much so that the organization is adding cryptocurrency and blockchain sections to its 2019 certification exams.
2018-7-16 20:42 | |
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Bulgaria's Financial Supervision Commission (FSC) will start monitoring the crypto market in an effort to devise measures against money laundering and fraud via virtual currencies.
2018-7-16 12:55 | |
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GainBitcoin was exposed as a Ponzi scheme, and the investigation by the Indian police force has continued to progress. The scheme stole $300 million, but authorities have said that they presently have new “crucial clues” to see how this fake company ended up laundering so much money.
2018-7-16 09:17 | |
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A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr.
2018-7-15 23:52 | |
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Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities.
2018-7-14 00:11 | |
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For long, money laundering has been linked to terrorism and other numerous criminal activities. This time around, the European Union is taking steps to introduce stricter measures to stem the vice.
2018-7-13 22:27 | |
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A new task force has been formed by the US government to protect consumers from threats related to money laundering, investment schemes targeting virtual currencies. An executive order signed by President Donald Trump listed the Justice Department and agencies including the SEC, the Federal Trade Commission and the Consumer Financial Protection Bureau as leaders of […] The post US President Donald Trump Creates Task Force To Curb Crypto Fraud appeared first on ZyCrypto.
2018-7-13 18:31 | |
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The U.S. government has created a task force to handle various cases of consumer fraud, including digital currency fraud, cyber-fraud, and money laundering. Enforcement will involve cooperation between an extensive number of government departments and agencies: The President’s order directs the Task Force to invite participation from our law enforcement partners at many departments and […]
2018-7-13 17:07 | |
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President of the United States of America, Donald Trump, is alleged to have established an executive order with the US Department of Justice (DOJ) to ensure that cryptocurrency related crime falls as part of a special consumer protection entity within the DOJ.
2018-7-12 14:00 | |
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The U.S. government has created a task force to handle various cases of consumer fraud, including digital currency fraud, cyber-fraud, and money laundering. Enforcement will involve cooperation between an extensive number of government departments and agencies: The President’s order directs the Task Force to invite participation from our law enforcement partners at many departments and… The post Task Force From Trump Administration Set to Crack Down on Crypto Crime appeared first on UNHASHED.
2018-7-12 12:56 | |
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Nobel Prize winning Economist, Joseph Stiglitz has spoken about about Bitcoin. The long and short of this assault is that Stiglitz believes Bitcoin should be made illegal. Stiglitz believes that it’s association with crime, fraud and laundering makes it a dangerous assets that should be criminalised.
2018-7-12 06:00 | |
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Members of the European Parliament have cast their votes overwhelmingly in favor of a new directive that introduces stricter countermeasures against money laundering across Europe — a move that will have consequences for crypto investors
2018-7-12 01:07 | |
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News A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.
2018-7-11 07:47 | |
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A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.
2018-7-11 06:20 | |
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The US Internal Revenue Service has launched an international joint task force focusing on cryptocurrencies in order to investigate crypto-related tax evasion and money laundering. Announced on Monday, the Joint Chiefs of Global Tax Enforcement (J5) will see tax enforcement agencies form the US, UK, Australia, Canada, and the Netherlands in join forces in order […] The post IRS Launches International Crypto Tax Enforcement Coalition appeared first on CryptoSlate.
2018-7-5 19:00 | |
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It is pretty rare to see countries come together to work on a new policy in a uniform manner. Unless of course their objectives are financial, then it seems everyone is happy to work with anyone in pursuit of financial gain.
2018-7-4 06:30 | |
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