2023-4-1 20:01 |
Expecting centralized money services to halt crime only helps politicize money and disempower users.
Similar to Notcoin - Blum - Airdrops In 2024
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The Ministry of Justice in South Korea has announced the primer of a 'virtual currency tracking system' to curb money laundering and recovery of proceeds of crime.
2023-1-29 17:12 | |
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Crypto lender Nexo has been targeted in an investigation into alleged illegal activities, with four Bulgarians charged with money laundering and fraud.
2023-1-13 22:26 | |
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Crypto lender Nexo had its offices raided in Bulgaria Thursday, in what is cryptocurrency’s latest tussle with the law. Nexo’s offices were raided by over 300 police officers and prosecutors, as part of a large-scale investigation into organised crime, money laundering, banking without a license and computer fraud, according to a spokesperson for the chief […] The post What is happening at Nexo? Crypto lender’s offices raided appeared first on Invezz.
2023-1-15 13:54 | |
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A new study published by crypto analytics and compliance platform Elliptic, took a close look at the exploitation of web3 platforms to facilitate money laundering. The study, titled “The state The post New age of crypto crime; how criminals have evolved- a detailed report appeared first on AMBCrypto.
2022-10-5 16:30 | |
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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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Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars has Been Laundered Through a Cross-chain Bridge.
2022-8-11 19:08 | |
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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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“You have an entire investigation that tells the entire story of what happened,” Chief Scientist Jacob Illum said.
2022-5-19 20:55 | |
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In an exclusive interview, Belgium’s Assita Kanko tells CoinDesk she just wants to stop anonymous payments being used for crime – but her claims seem unlikely to impress an industry that complains of privacy violations and stifling innovation.
2022-4-1 23:10 | |
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A report from The International Narcotics Control Board (INCB) shows that bitcoin is not the preferred method for drug cartels and other criminal groups to launder money, they rather use banks. This opposes the widespread narrative that claims the digital coin creates the opportunity for crime.
2022-3-12 02:59 | |
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The rise in cryptocurrency-related crime we’ve seen in the past year has been somewhat expected. The post The Crypto Crime Series: Money laundering underpins all forms of cryptocurrency crime appeared first on CryptoSlate.
2022-3-2 11:00 | |
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The number of cases involving the use of cryptocurrencies in funding terrorism and money laundering crimes is actually countable globally. The value of crypto transactions involved in these crimes is also dwarfed multiple folds by the value of fiat dealt in these forms of crime.
2022-1-30 17:35 | |
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Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering - while missing out on real scammers aThe post Chainalysis report reveals $8.
2022-1-28 00:30 | |
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World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT. Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering.
2022-1-14 17:35 | |
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Crypto scammers made away with $14.00 billion (£10.34 billion) in the past year, setting a new record for the highest amount pinched from the industry. Blockchain analytics company Chainalysis disclosed this news through its annual Crypto Crime report, noting that the crypto space recorded a 79% rise in the amount of money lost to scams […] The post Scammers pinched a record $14B from the crypto market in 2021 appeared first on Invezz.
2022-1-8 20:37 | |
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Anti-money laundering laws came under the spotlight following the 11 September 2001 attacks. However, money laundering has been a major crime in the U.S since 1986. But, that's not all. In fact, moneyThe post Crypto-regulations and the question of another 'Snowden' showdown in the making appeared first on AMBCrypto.
2021-12-9 22:30 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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The US recently implemented the infrastructure bill to include crypto activities within the regulatory scope of the Internal Revenue Service (IRS). The IRS has now stated that it expects the total crypto seizures in 2022 from money laundering and crime to come to billions of dollars.
2021-11-27 11:19 | |
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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
2021-7-23 13:26 | |
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The EU is stepping up its anti-money laundering (AML) game and crypto monitoring with the introduction of a new agency. European Commission Proposes New Anti Money Laundering Regulator Documents seen by Reuters confirmed that the EU bloc is taking a tougher stand on money laundering, terrorist financing, and organized crime.
2021-7-9 19:39 | |
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Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with.
2021-6-28 14:00 | |
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Barclays, Starling, and Mozo are blocking their customers from transferring money to cryptocurrency platforms like Binance and Swiss Borg. These banks are cracking down on transfers to crypto exchanges in recent weeks by suspending payments to the sector, reported local media.
2021-6-1 17:10 | |
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Bitcoin’s (BTC) biggest boost before 2017 might have been news about the illicit market place Silk Road. Once the world found out about a place online where you could send untraceable money to buy drugs and weapons, it could never look back.
2021-1-21 05:29 | |
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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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How distributed ledger technologies can help law enforcement agencies to fight crime and money laundering.
2020-12-20 11:09 | |
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Bitcoin is regularly blasted by regulators and the IRS for its use in illicit crime such as money laundering or tax evasion. Unfortunately, a story involving a former Microsoft engineer who used the cryptocurrency to mix over $10 million he had defrauded the company out of, doesn’t help that case.
2020-11-11 18:00 | |
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People who are not so familiar with Bitcoin and the cryptocurrency world often associate the digital assets with crime. They see headlines about drug dealers, gun-runners, and money launderers using BTC or some other cryptocurrency and assume it was all to aid the criminal actions.
2020-7-28 12:24 | |
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A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies.
2020-7-3 14:15 | |
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Canada is now legally recognizing cryptocurrency exchanges and payment processors as Money Service Businesses (MSB). The new regulation, which is the amendments to Proceeds of Crime (Money Laundering) and Terrorist Financing Act passed in June 2019 was enacted on June 1st, 2020.
2020-6-4 22:03 | |
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Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017.
2020-5-16 11:43 | |
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Blockchain analysis offers a glimpse into potentially illegal behavior. Now, French and Austrian technology experts are joining forces to tackle crypto-based money laundering. Visualized Blockchain Connections Reveal Potential Illegal Usage The French blockchain security company NIGMA Conseil, and the Austrian Institute of Technology (AIT), have signed an agreement of cooperation on tracking crypto crime.
2020-2-26 20:00 | |
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The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy.
2020-2-14 15:00 | |
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2019 was marked by some of the world’s most powerful people talking about Bitcoin in public settings. President Donald Trump said in a surprise Twitter thread that cryptocurrencies, from BTC to Libra, are no something he is a fan of, citing their potential to be used in crime.
2020-1-22 23:06 | |
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Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down.
2020-1-16 17:20 | |
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Some villains who distributed the Sodinokibi Ransomware earn a tremendous amount of money illegally by conning victims to pay a requested bitcoin price into their wallets. Researchers from McAfee tracked some covered information, only to find out that one distributor of the ransomware made an equivalent of $287,499 Bitcoins in 3 days. The analysts further […]
2019-10-15 18:31 | |
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There aren’t many areas of modern society unaffected by the draconian war on drugs, and non-violent crypto exchange is no exception. Two San Diego men in their twenties reportedly pleaded guilty on Monday to charges of money laundering conspiracy, for selling cannabis on the darknet for bitcoin and operating an unlicensed crypto exchange service.
2019-10-2 16:00 | |
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Two men have pleaded guilty for conspiring to launder money using Bitcoin after selling marijuana on the dark web. Connor Brooke and Aidan Curry, 25 and 23 respectively, gave their plea in federal court yesterday.
2019-10-1 11:38 | |
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The Dutch central bank has today announced it must begin supervising cryptocurrency companies (including wallet providers) under the fifth European anti-money laundering directive, which came into effect in July.
2019-9-3 13:07 | |
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Neil Walsh, chief of the cybercrime and anti-money laundering arm of the United Nations' department on drugs and crime, has stated that the "anonymizing and pseudo-anonymizing" aspects of cryptocurrencies have made it extremely difficult to combat terrorist financing, money laundering, and cybercrime.
2019-8-31 19:58 | |
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Crypto scams are profitable. There is a lot of hype around cryptos and many incautious investors around, so it is not uncommon that crypto crime attracts so many people. CipherTrace’s latest reports have shown that crypto scammers were able to swindle $4.
2019-8-13 23:31 | |
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Recent research published by Messari revealed that bitcoin (BTC) is not at all the financial threat that some critics claim. Messari said that they performed the research in response to recent remarks by U.
2019-7-22 21:30 | |
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Ripple CEO Brad Garlinghouse has taken the opportunity to plug XRP as a solution to the concerns raised by Treasury Secretary Steven Mnuchin. Speaking on Twitter, Garlinghouse said that he hopes regulators recognize that not all cryptocurrencies are cut from the same cloth in terms of their potential to facilitate crime and money laundering.
2019-7-17 23:15 | |
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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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You don’t mess with Bitcoin investors from Ladysmith or, maybe, well, you do, but your house gets torched. After several South Africans lost their money to a Bitcoin Ponzi scheme in the rural town of Ladysmith, they decided to torch the house of the alleged mastermind of the crime, Sphelele “Sgumza” Mbatha. According to reports, […]
2019-7-12 01:40 | |
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Financial crimes exist in many forms and one of the most common is money laundering, which is practiced all over the world. There are the disadvantages that come with the prevalence of cryptocurrency with one being the fact that they are often used for the perpetuation of crime and this includes money laundering purposes as […]
2019-7-5 23:17 | |
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Dutch ministers want to regulate cryptocurrencies as part of a wider effort to tackle money laundering in the country. According to a note sent to parliament on Monday, Minister of Finance Wopke Hoekstra and Ferdinand Grapperhaus, Minister of Justice and Security, want to limit the risks associated with cryptocurrencies and make the Netherlands a leader in the fight against money laundering.
2019-7-2 13:03 | |
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Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however.
2019-7-2 10:30 | |
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By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam. According to The Times of India, Darji was involved in promoting a cryptocurrency known as Regal Coin to investors by promising them astronomical returns.
2019-6-4 13:23 | |
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By CCN: Bitcoin is a worthless sham that’s only useful for facilitating crime, and the public must be warned about the full spectrum of the crypto-sphere’s sleaziness. That’s the opinion of attorney John Reed Stark, a cybersecurity expert who worked for 20 years at the SEC’s enforcement division.
2019-6-3 02:30 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Although it’s actually conservative.
The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC.
An in-depth magazine story about the SEC chair reveals the breadth of the man’s ambition and the limitations of his record.
And why is it causing so much controversy in court?
The defense team has revealed its sole proposed expert witness, who’ll try to point out flaws in the DOJ’s presentations.
Fake news of SEC approval for a spot Bitcoin ETF sent markets higher. Why are traders so obsessed with this new product?
If your defense is “I didn’t know what was happening,” don’t dress like a competent person.