2022-12-21 22:59 |
After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money. origin »
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India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchange WazirX and the Mobile Gaming App called E-Nuggets.
2022-9-29 20:37 | |
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The ED alleges the accused was transferring part of the money overseas by using "cryptocurrency exchange," the ED said. One dummy account was opened in Indian exchange WazirX from where crypto purchased was transferred to an account in Binance.
2022-9-29 15:39 | |
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The ED alleges the accused was transferring part of the money overseas by using "cryptocurrency exchange," the ED said. One dummy account was opened in Indian exchange WazirX from where crypto purchased was transferred to an account in Binance.
2022-9-28 15:39 | |
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The UK introduced in Parliament a new bill to make it simpler for law enforcement agencies to seize, freeze, and recover cryptocurrency when it is used for criminal acts, such as money laundering, drug trafficking, and cybercrime. The 250-Page Bill…
2022-9-23 15:00 | |
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The Economic Crime and Corporate Transparency bill is designed to make it easier for law enforcement agencies to seize, freeze and recover crypto assets when used for criminal activities such as money laundering drugs and cybercrime.
2022-9-23 19:06 | |
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TriiiX, an AI strategic trading and copy trading crypto exchange, has secured a US Money Service Business (MSB) license. Issued by the Financial Crimes Enforcement Network (FinCEN) of the U. S. Department of the Treasury, the license empowers the exchange to offer regulated financial services in the country.
2022-9-2 14:40 | |
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CoinSwitch CEO Ashish Singhal took to Twitter on Aug. 27, 2022, to assure the public that its recent engagement with the Enforcement Directorate has nothing to do with money laundering. The post CoinSwitch Kuber CEO Addresses Rumors Around Office Raids appeared first on BeInCrypto.
2022-8-27 16:00 | |
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Singaporean crypto lender Vauld bristles as the Indian Enforcement Directorate (ED) issues a freezing order in connection with an ongoing money laundering case. The post Vauld Pursues Legal Counsel After ED Issues Asset Freeze Order appeared first on BeInCrypto.
2022-8-14 17:45 | |
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The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country.
2022-8-13 23:59 | |
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India's Enforcement Directorate estimates that the accused firms laundered more than Rs 1,000 crore or $130 million in the instant loan app case, according to the report.
2022-8-12 13:34 | |
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India's Enforcement Directorate estimates that the accused firms laundered more than Rs 1,000 crore or $130 million in the instant loan app case, according to the report.
2022-8-11 13:34 | |
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Per a press release from India’s Enforcement Directorate (ED), crypto exchange Binance is allegedly involved in a money laundering scheme created with WazirX. This entity operates as a crypto exchange platform in this country; one of its offices was raided on August 3rd, as a result of an ongoing investigation. Related Reading: Data Shows Bitcoin […]
2022-8-7 22:06 | |
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India’s Enforcement Directorate (ED) has ordered the freeze of a WazirX bank account with Rs 64. 67 crore (roughly $8. 1 million) in connection with a money laundering investigation, IndiaToday reported August 5.
2022-8-5 17:06 | |
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The Indian Directorate of Enforcement is investigating WazirX to determine whether it facilitated the laundering of 2,790 crore Indian rupees(over $350 million) through its platform, the country’s Finance Minister, Pankaj Chaudhary, told local media.
2022-8-4 03:00 | |
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The United States expansion for Huobi has gone a step further. This is valid as HBIT secures its MSB (Money Service Business) license from the US FinCEN (Financial Crimes Enforcement Network). HBIT is a subsidiary of the digital currency exchange platform, Huobi.
2022-7-8 23:00 | |
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Huobi said July 5 that its subsidiary HBIT received a license from the United States Financial Crimes Enforcement Bureau’s (FinCEN) Money Services Business Registration (MSB) to operate in the country.
2022-7-6 21:00 | |
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Like with any kind of property, law enforcement has the right to sell your coins and spend the money.
2022-6-6 00:01 | |
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James Freis ran the Financial Crimes Enforcement Network from 2007 to 2012.
2022-3-24 21:12 | |
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Law enforcement’s robust capacity to follow the money on the blockchain is good news for the crypto industry.
2022-2-28 17:11 | |
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Currency Com US LLC is registered with the Financial Crimes Enforcement Network as a Money Services Business. Its parent entity, Currency Com Limited is licensed by the Gibraltar Financial Services Commission as a Distributed Ledger Technology (DLT) Provider.
2021-12-2 18:00 | |
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The story Binance is trying to sell sure is juicy. A little too convenient, considering the year the company’s had, but hey… Binance is be facing criminal investigations in the US, the UK, and Japan among others.
2021-9-23 14:18 | |
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Bitcoin is not a useful tool for money launderers and here’s proof. 38-years-old Larry Dean Harmon admitted to being the operator of Helix, a Bitcoin Mixer service that operated on the Darknet. According to the US Department of Justice, “Harmon advertised Helix to customers on the Darknet to conceal transactions from law enforcement.
2021-8-19 13:41 | |
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"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC.
2021-8-7 22:32 | |
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India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into Chinese owned illegal online betting applications,” the ED detailed.
2021-6-12 12:30 | |
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This new investigation is linked to a money laundering investigation into Chinese-owned illegal online gambling applications. The post WazirX Under Investigation by India’s Enforcement Directorate appeared first on BeInCrypto.
2021-6-12 16:00 | |
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India's Directorate of Enforcement, on Friday, issued a show-cause notice to Indian crypto-exchange WazirX for violating FEMA guidelines for transactions involving cryptocurrencies worth Rs. 2,790.
2021-6-11 12:40 | |
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According to US Department of Justice’s Drug Enforcement Administration (DEA), drug traffickers increasingly relied on crypto ATMs to aid illicit bulk money transfers, last year. DEA also notedThe post Drug traffickers ‘increasingly’ used Bitcoin ATMs to aid illicit transfers in 2020 appeared first on AMBCrypto.
2021-3-4 01:30 | |
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In 2020, drug traffickers continued to adopt cryptocurrency-related technologies, in large part due to the coronavirus pandemic, which disrupted supply chains of illicit substances.
2021-3-7 18:49 | |
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In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion.
2021-2-16 09:30 | |
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What Happened? The darknet operation involved law enforcement agencies from Germany, Australia, Denmark, Moldova, the United Kingdom, and the United States, and was supported by Europol. DarkMarket allegedly allowed users to trade several illicit items, including drugs, counterfeit money, stolen credit and debit card details, and computer malware.
2021-1-13 23:14 | |
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Not surprisingly, the Ryuk ransomware requires payment in bitcoin. Naturally, as all transactions are public, this attracts the attention of the police. To get law enforcement off their tail, Ryuk needs to launder money into fiat.
2021-1-9 21:28 | |
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The Financial Crimes Enforcement Network (FinCEN) issued its new proposed rule extending anti-money laundering (AML) regulation to non-custodial wallets on Friday. Under the latest proposed rules, banks and money service businesses that involve exchanges and custodians would be required to keep records and verify the identity of customers transacting greater than $3,000.
2020-12-20 16:23 | |
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The United States Financial Crimes Enforcement Network (FinCEN) is proposing that crypto exchanges and other Money Service Businesses (MSBs) keep records for counterparty withdrawal transactions of more than $3,000. In...
2020-12-20 15:17 | |
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How distributed ledger technologies can help law enforcement agencies to fight crime and money laundering.
2020-12-20 11:09 | |
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An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.
2020-12-14 15:30 | |
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The People’s Bank of China (PBoC), in coordination with law enforcement, has conducted a series of arrests as part of an ongoing crackdown on illegal online gambling sites. An announcement published on the central bank’s official WeChat channel on Thursday 22 Oct.
2020-10-23 16:00 | |
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Cellebrite, a digital intelligence firm has released a cryptocurrency transaction tracing tool called “Cellebrite Crypto Tracer,” which would help law enforcement agencies, businesses, and analysts to trace crypto transactions being used for any illicit activity such as money laundering, terrorism, drugs, human trafficking, weapon sales, and ransomware schemes. The firm has promised to offer its […]
2020-7-30 23:46 | |
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Chinese Police freeze crypto over the counter traders (OTC) accounts to investigate a possible incident of money laundering stains on some of the digital assets on exchanges. The abrupt halt in China’s biggest fiat on- and off- ramp gives sets in surveillance by the relevant law enforcement officers with locked users’ accounts needing an “approval […]
2020-6-9 19:02 | |
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New crypto laws are coming from the members of the Joint Chiefs of Global Tax Enforcement to prevent money laundering
2020-4-19 19:42 | |
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The Office of Foreign Assets and Control (OFAC) the enforcement body of the U. S. Treasury Department, sanctioned two Chinese nationals who played a part in laundering illicit funds linked to a crypto exchange hack.
2020-3-4 20:00 | |
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As part of efforts to curb the use of blockchain-based virtual currencies for unlawful activities such as money laundering, the United States Financial Crimes Enforcement Network (FinCEN) has mandated all money services businesses (MSBs) such as Bitcoin (BTC) trading venues to start transmitting certain customer info for transactions up to $3,000 or higher.
2019-11-21 02:00 | |
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The Financial Crimes and Enforcement Network has revealed its stance on stablecoins. Kenneth A. Blanco, director of the U. S. government body, has declared that stablecoins are a form of money transmission and must be regulated as such.
2019-11-20 20:53 | |
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Kenneth Blanco, the Financial Crimes Enforcement Network (FinCEN) director, said on November 15th that the US government will enforce a ‘travel rule’ requiring crypto companies providing wallet services and trading digital assets to provide information on their customers.
2019-11-15 23:28 | |
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At the University of Georgetown, The United States Financial Crimes Enforcement Network (FinCEN) and it's executive Kenneth Blanco gave their views where he clarified that the Anti-Money Laundering (AML) laws straightforwardly apply to everybody.
2019-10-22 19:10 | |
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A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme. The US Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action yesterday, charging David Gilbert Saffron of Las Vegas, and Circle Society, Corp, with “fraudulent solicitation, misappropriation, and registration violations.
2019-10-17 14:34 | |
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The police enforcement from Portugal has recently disrupted a counterfeit money network that operated on the dark web. The criminals used to sell fake cash notes in exchange for Bitcoin and other cryptos.
2019-9-10 02:43 | |
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As per an all-new court document made available by the Northern District of California, US prosecutors have filed a formal complaint against BTC-e — a crypto exchange that is now defunct — as well as its alleged owner Alexander Vinnik.
2019-7-28 18:57 | |
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The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities. To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations.
2019-7-15 14:54 | |
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Calibra, the Facebook subsidiary that will develop the Libra wallet, has registered as a money services business with the US Financial Crimes and Enforcement Network, applied for US money transfer licenses, and has now begun the process to receive the coveted BitLicense from the New York State Department of Financial Services.
2019-7-2 22:00 | |
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U.S policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge.
Russian troops in Ukraine receive millions in crypto donations, despite international sanctions. CoinDesk investigates how these funds are flowing and talks to fundraisers.
Sportswashing and crypto company hubris are no longer in play in Super Bowl commercials this year. And that's a good thing.
Whereas corporations accumulate capital, decentralized autonomous organizations (DAOs) accumulate engagement and focus on returning benefits to all participants.
Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk's chief content officer Michael Casey.
In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis of heart failure and responding to accusations of racist and nazi imagery embedded within the Bored Ape Yacht Club NFT project.
FTX’s collapse is an inevitable outcome for an industry yet to find its use case. For crypto to survive, it needs to learn from the very financial sector it set out to replace, says Brent Xu, the CEO of Umee.