Binance to resume India operations following registration

Binance is set to resume its cryptocurrency operations in India, according to the latest regulatory news around the world’s largest crypto exchange by trade volume. On Friday, an official of the Financial Intelligence Unit (FIU) said that the anti-money laundering watchdog had approved both Binance and KuCoin to offer services in the country. The two […] дальше »

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Binance Faces $4.4 Million Fine in Canada for Anti-Money Laundering

Canada's FINTRAC fined Binance $4. 38 million for not reporting over 5,900 crypto transactions, stressing the need for better compliance and oversight in the cryptocurrency sector. The post Binance Faces $4. дальше »

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Taiwan Sets Sights On Crypto Firms With Tough New Jail Time Laws

Taiwan’s Ministry of Justice has proposed amendments to enhance anti-money laundering (AML) measures within the crypto industry. If enacted, the new proposals will mark a substantial shift from the current regime, in which digital currency firms’ non-compliance is met with administrative penalties, to a stricter legal framework that includes criminal penalties for serious breaches. Related […] дальше »

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Canadian regulator fines Binance $4.4m for money laundering violations

FINTRAC has imposed a substantial fine on cryptocurrency exchange Binance for allegedly violating anti-money laundering regulations. дальше »

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Taiwan revises money laundering act to include digital assets

Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its laws with international standards set by the Asia/Pacific Group on Money Laundering (APG). дальше »

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Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act

U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange. дальше »

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Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers. дальше »

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The U.S. Government’s Hypocritical Case Against Tornado Cash

You would think the government would be against an online privacy service facilitating money laundering. But it actually created one of the best, says attorney Alexandra Damsker. дальше »

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Kronos Research hacker starts laundering funds on Tornado Cash

After six months those responsible for the $25 million Kronos Research exploit have begun transferring the pilfered funds. Blockchain security firm PeckSheild flagged the move on May 7, noting that the hackers were directing the funds towards the mixing platform… дальше »

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Heir of French luxury brand Cartier arrested for attempted money laundering using USDT

Heir to Cartier empire arrested for laundering millions via Tether (USDT) in connection with Colombian cartel. дальше »

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Dark Bling: Heir To Jewelry Giant Cartier Indicted In Cocaine And Crypto Scandal

Maximilien de Hoop Cartier, heir to the famed jewelry dynasty, was arrested by US authorities for allegedly laundering millions of dollars for a Colombian drug cartel. Cartier, who primarily resides in France but holds Argentine citizenship, now faces a slew of charges related to money laundering and unlicensed money transmission. Related Reading: Bitcoin Bull Michael […] дальше »

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Heir to Cartier empire arrested for attempted money laundering using USDT

The United States Department of Justice (DoJ) has arrested Maximilien de Hoop Cartier, a successor to the French luxury brand Cartier, over money laundering charges using cryptocurrency.  Per a May 2 indictment, the accused has been charged with drug trafficking… дальше »

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BTC-e Co-founder Enters Guilty Plea For $9 Billion Money Laundering Conspiracy

Co-founder of crypto exchange BTC-e, Alexander Vinnik, has pleaded guilty to charges of conspiracy to commit money laundering. In a public release by the US Department of Justice (DOJ) on May 3, the Russian national has admitted to his role as one of the operators of BTC-e, facilitating $9 billion worth of illicit transactions between […] дальше »

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BTC-e exec pleads guilty to +$9 billion money laundering charges

Prominent figures like Vinnik, Bankman-Fried, and Zhao have faced DOJ charges for money laundering Popular crypto-exchange KuCoin was also slapped with similar charges Cryptocurrencies have The post BTC-e exec pleads guilty to +$9 billion money laundering charges appeared first on AMBCrypto. дальше »

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BTC-e founder pleads guilty to laundering stolen Bitcoin

Alexander Vinnik, co-founder of the now-defunct crypto exchange BTC-e, admitted to conspiring to launder money, marking a significant development in a long-standing legal saga. дальше »

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BTC-e crypto exchange operator pleads guilty to money laundering in the U.S.

Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was one of the world’s largest crypto exchanges between 2011 and 2017. дальше »

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BTC-e founder pleads guilty in $9B money laundering conspiracy

The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking. дальше »

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DOJ charges former Cred execs over $783M fraud and money laundering scheme

The DOJ has charged three former Cred executives, including its ex-CEO, over an alleged scheme that led to $783 million in customer crypto losses. The post DOJ charges former Cred execs over $783M fraud and money laundering scheme appeared first on Crypto Briefing. дальше »

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Former Cred execs face wire fraud and money laundering charges

After their initial court appearances on May 2, the former CEO and chief financial officer of Cred must enter their plea by May 8. дальше »

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BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Conspiracy Charge

Alexander Vinnick, the Russian national who was one of BTC-e's operators, pled guilty to conspiracy to commit money laundering for his role with the crypto exchange. дальше »

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Major Russian exchange freezes $4m of user assets, citing money laundering

Russian cryptocurrency exchange Beribit faces fraud allegations after refusing to refund customers' money. дальше »

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ZKasino rug pull suspect detained in Netherlands

Netherlands officials announced the arrest of a suspect in fraud, embezzlement, and money laundering of the gaming platform ZKasino. дальше »

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Nigerian court postpones money laundering trial of Binance and execs

A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents. дальше »

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Binance Nigeria Money Laundering Trial Delayed to May 17, Says Gambaryan Family Spokesperson

Binance's lawyer needed more time to look at evidence from Nigeria's Economic and Financial Crimes Commission. дальше »

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Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt

Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. дальше »

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UK sharpens focus on crypto regulation in latest anti-money laundering report

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. дальше »

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Changpeng Zhao’s Four-Month Sentence Sends A Clear Warning To The Cryptoverse — No More Wild West

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UK Treasury warns of money laundering risks via cryptocurrency

The UK Treasury presented a report on the department's work over the past two years, highlighting the risks associated with crypto. дальше »

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Elliptic’s AI-driven research helps fight Bitcoin money laundering

Elliptic leverages AI and shares data to advance detection of crypto money laundering, uncovering proceeds of crime and new behaviors like use of nested services The post Elliptic’s AI-driven research helps fight Bitcoin money laundering appeared first on Crypto Briefing. дальше »

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Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions

Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab. дальше »

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Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report

Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed. дальше »

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Slap On The Wrist? DOJ Faces Backlash For Letting Binance Founder Off Easy For AML Failures

Changpeng Zhao, the ousted CEO of cryptocurrency exchange giant Binance, walked away from court this week with a sentence many see as a slap on the wrist. Zhao, better known in the crypto world as “CZ,” received four months in prison for failing to implement sufficient anti-money laundering (AML) safeguards at Binance. Related Reading: Stagflation […] дальше »

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NYC woman gets 18 years in prison for funding terrorism using Bitcoin

A New York woman gets 18 years in prison for laundering $12,000 in Bitcoin to fund a terrorist group in Syria. Victoria Jacobs, also known as Bakhrom Talipov, 44, was sentenced to 18 years in prison by a New York… дальше »

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U.S Court Jails Former Binance CEO Changpeng Zhao For Four Months

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Changpeng “CZ” Zhao sentenced to 4 months in prison

Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for money laundering violations. The sentencing comes after Zhao pleaded guilty last November to failing to establish a proper anti-money laundering program at Binance, the largest cryptocurrency exchange by trading volume. дальше »

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Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison for Money Laundering Violations

Сообщение Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison for Money Laundering Violations появились сначала на Coinstelegram.

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Samourai Wallet co-founder released on $1M bond after pleading not guilty

Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond after pleading not guilty in NYC court. дальше »

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Ace Exchange Suspects Should Get 20-Year Prison Sentences: Prosecutors

Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others. дальше »

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Wasabi Wallet Halts US Services Following $100-Million Samourai Money Laundering Case

ZkSNACKs, developer of privacy-preserving Bitcoin wallet Wasabi Wallet, has announced that users from the United States will be blocked from accessing its products and platforms until further notice. дальше »

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EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto

The new laws set up "enhanced" due diligence and customer checks for crypto firms. дальше »

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CryptoQuant CEO defends Samourai Wallet founders

CryptoQuant CEO Ki Young Ju has voiced support for the founders of Samourai Wallet after their indictment by the U.S. Department of Justice for allegedly running a crypto mixing service implicated in laundering nearly $100 million. Ju has defended the… дальше »

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Crypto Influencer ‘Jay Mazini’ Receives Seven-Year Jail Sentence And $10M Asset Seizure

In a Brooklyn federal court, a crypto-influencer on social media sites such as Instagram, Jebara Igbara, also known as “Jay Mazini,” was sentenced to 84 months for wire fraud, wire fraud conspiracy, and money laundering. дальше »

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Samourai Wallet Charges Raise Existential Questions for Privacy Tech

Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet. дальше »

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EU approves new crypto regulations to enhance due diligence, tackle money laundering

The European Parliament has approved new regulations aimed at increasing due diligence measures and identity checks within the cryptocurrency sector, a significant step intended to combat money laundering activities. дальше »

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Europe tightens crypto regulations with new anti-money laundering laws

Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. дальше »

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Samurai Wallet Gets the Chop as Feds Twist the Knife

The popular Bitcoin wallet and mixer, Samurai Wallet, has been shut down with its founders accused of conspiring to commit money laundering. дальше »

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Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case

International authorities collaborated to shut down Samourai Wallet and arrested its two founders on April 24 after the US Department of Justice (DOJ) filed criminal charges against the privacy wallet over allegations of facilitating money laundering. дальше »

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DOJ arrests Samourai Wallet founder over $2b illegal money flow 

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been arrested by U.S. authorities for laundering over $100 million. дальше »

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DOJ takes action against Samourai Wallet founders

DOJ arrests Samourai Wallet's CEO and CTO on charges of money laundering and operating without a license, seizing over $2 billion in transactions. The post DOJ takes action against Samourai Wallet founders appeared first on Crypto Briefing. дальше »

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Bitcoin Mixing Service Samourai Wallet Founders Arrested, Charged With Money Laundering

The US DOJ also seized Samourai's web servers and domain, and served a seizure warrant for Samourai’s mobile app on the Google Play Store. дальше »

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