2023-2-1 20:19 |
The exchange had been charged by U.S. and European authorities with laundering $700 million in funds tied to Russian criminals. origin »
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A cabinet decision to revise six foreign exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening anti-money laundering measures for crypto.
2022-10-18 16:28 | |
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The Japanese government passed a cabinet decision to revise six foreign exchange laws to better combat money laundering on October 14. The post Japan looks to amend crypto KYC rules appeared first on CryptoSlate.
2022-10-17 15:00 | |
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Treasury’s Foreign Asset Control (OFAC) and Financial Crime Enforcement Network (FinCEN) have set charges against the Bittrex crypto exchange for violating anti-money laundering rules and the other U.
2022-10-13 08:51 | |
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Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017, allowing individuals from sanctioned jurisdictions to trade on the platform.
2022-10-12 17:57 | |
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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 new rules would require crypto exchange operators to share customer information when assets are transferred between platforms.
2022-9-27 14:33 | |
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The 39-year-old is suspected of laundering tens of millions of euros obtained from malicious software using decentralized crypto exchange Bisq and the monero privacy coin, police said.
2022-9-14 11:16 | |
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Crypto trading platform Binance Canada, an affiliate of leading global cryptocurrency exchange Binance, has taken another step towards enhancing its know your customer (KYC) and anti-money laundering (AML) compliance with a new partnership.
2022-9-14 19:15 | |
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India-based cryptocurrency exchange WazirX has announced that the country’s anti-money laundering (AML) watchdog has “unfrozen” the crypto platform’s accounts. An update the crypto exchange published on Monday, undoubtedly the latest positive crypto news from India, noted that the Enforcement Directorate (ED) had taken the step following active cooperation from the WazirX team.
2022-9-13 15:12 | |
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The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
2022-9-13 12:06 | |
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According to a report from Reuters, the CEO and founder of the world’s largest crypto exchange Binance, Changpeng “CZ” Zhao, was under investigation by U. S. federal prosecutors. Launched in 2020 by the Justice Department, authorities in the country were seeking information about the company’s anti-money laundering activity.
2022-9-1 17:25 | |
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Twice in the Twitter thread, CoinSwitch Kuber CEO Ashish Singhal sought to clarify that the "engagement with the ED" is not about money laundering. CoinDesk has reported the searches have been in connection with India's Foreign Exchange Management Act (FEMA).
2022-8-27 14:57 | |
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The Andreessen Horowitz-backed crypto exchange is the latest on the Enforcement Directorate’s anti-money laundering hit list.
2022-8-26 04:27 | |
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Following a June 6 Reuters report which allegedly linked Binance to money laundering schemes involving the top darknet and hacking groups, some members of Binance’s compliance team have cleared the air on the allegations, highlighting some extra efforts put into compliance exercise and how this high scrutiny has also cost the exchange a fortune. “Binance […]
2022-8-19 23:19 | |
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India’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with the claims made by ED on Vauld’s KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
2022-8-14 04:00 | |
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India’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with the claims made by ED on Vauld’s KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
2022-8-14 04:00 | |
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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, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
2022-8-12 21:30 | |
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Binance CEO and WazirX founder traded words over the ownership of the exchange. The row was amplified after Indian regulators fingered WazirX in a money laundering scheme. Binance previously announced the purchase of the Indian exchange in 2019 and clarified details of the acquisition last week.
2022-8-8 21:48 | |
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The Operator of a Bulgarian Cryptocurrency Exchange BTC-E Has Been Extradited From Greece to the United States, Where He Faces Charges of Operating an Unlicensed Money Service Business and Money Laundering.
2022-8-7 12:02 | |
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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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WazirX is accused of laundering $350 million through crypto, founders already left India
2022-8-4 17:09 | |
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The world's largest crypto exchange by value traded has been loose on its prevention of money laundering, Reuters reported.
2022-7-11 16:44 | |
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The approval will allow Binance to offer exchange and custodial services in Spain in compliance with anti-money laundering and counter-terrorist financing regulations. Bank of Spain Gives Green Light on Binance...
2022-7-8 14:47 | |
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The U.S Securities and Exchange Commission has launched an investigation into the Terra crash. The Terra explosion is one of the biggest busts in the crypto history. The probe also investigates the maThe post How these new 'money laundering' claims tie into the Terra UST depegging fiasco appeared first on AMBCrypto.
2022-6-10 17:30 | |
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Binance, the largest cryptocurrency exchange by trade volume, has hit back at reports associating it with criminality and money laundering.
2022-6-7 12:30 | |
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Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, EU regulators have recommended in a report on June 1. The post EU regulators propose nixing crypto exchange licenses over money laundering breaches appeared first on CryptoSlate.
2022-6-2 01:00 | |
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Money laundering is a major problem in the sports betting industry. In late 2019 the team behind aggle. io thought about drafting a solution to counter this problem. They discussed ideas to open up theThe post aggle.
2022-3-25 16:35 | |
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BitMEX co-founder Samuel Reed pleaded guilty to anti-money laundering offenses and agreed to pay a $10 million fine, according to a statement from the US Attorney’s Office on Thursday. Reed is the exchange’s third founder to enter a plea agreement with US prosecutors.
2022-3-10 16:31 | |
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Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering and sanction evasion that becomes possible using fiat currency.
2022-3-8 12:24 | |
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Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
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Binance’s lax KYC requirements are creating more legal problems for the exchange.
2020-9-15 14:14 | |
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Over the past few years, cryptocurrencies have generated a lot of interest from institutional investors. With more regulations surrounding the digital assets market, crypto has gone fairly mainstream.
2020-6-28 11:00 | |
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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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Cryptocurrency derivatives exchange BitMEX is at the center of fresh legal troubles and is being sued in the United States. According to a complaint filed with the U.S. District Court for the Northern District of California, San Francisco Division, BMA LLC — the plaintiff — is suing BitMEX for alleged money laundering, wire fraud, and […] The post Crypto Exchange BitMEX Sued in US Over Alleged Money Laundering appeared first on BeInCrypto.
2020-5-19 01:15 | |
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FBI arrests Russian rapper, for money laundering, citing his Instagram pics with allegedly unearned cash and data from defunct crypto exchange BTC-e
2020-4-2 23:36 | |
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The U. S. Department of the Treasury has sanctioned a pair of Chinese nationals who participated in a money laundering scheme involving a cyberattack on a cryptocurrency exchange orchestrated by the infamous Lazarus Group.
2020-3-4 04:12 | |
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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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The U. S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.
2020-3-4 10:40 | |
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Globitex, a crypto exchange and wallet platform, has today announced a cooperation with Bitfury Group’s Crystal Blockchain, which provides boosted Anti Money Laundering compliance and security measures to its clients through the Bitfury Crystal platform.
2020-2-27 16:49 | |
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European-based cryptocurrency exchange platform, Coin Field, partnered with blockchain analysis startup, Chainalysis, to integrate the Chainalysis Know-Your-Customer (KYT) surveillance tool to monitor crypto transactions.
2020-2-22 22:00 | |
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The Russian central bank now considers any crypto exchange transaction as a money laundering risk
2020-2-18 16:24 | |
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The International Organization of Securities Commission (IOSCO) is calling on global regulators to get tougher on crypto exchanges. IOSCO Has Money Laundering Concerns The international watchdog IOSCO has cautioned regulators this week to look into how cryptocurrency exchanges assess their investors.
2020-2-13 20:00 | |
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We recently caught up with Bryan Seiler, CEO at TAGZ, a major Australian cryptocurrency exchange. TAGZ is reportedly one of the world’s biggest, fully-regulated and licensed anti-money laundering (AML) and counter-terrorism financing (CTF) compliant crypto exchanges.
2020-2-13 09:42 | |
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Evidence presented by liquidators from accounting behemoth Grant Thornton suggests that New Zealand crypto exchange Cryptopia failed to comply with anti-money laundering (AML) regulations before suffering a hack back in January 2019.
2020-2-11 20:00 | |
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On February 7, an anti-money laundering regulation provision was released by (FINMA) the Swiss Financial Market Supervisory Authority. In order for additional risks to be reduced, the margin of crypto exchange's remaining anonymous transactions, are now to be reduced from 5,000 CHF to 1,000 CHF, which is about $1,020. The new changes are the result […]
2020-2-7 20:08 | |
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Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary turned […] The post Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France appeared first on Bitcoin News.
2020-1-25 03:50 | |
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Australia-based crypto exchange TAGZ is reportedly one of the largest fully-regulated and licensed anti-money laundering (AML), counter-terrorism financing (CTF) compliant trading platforms in the digital asset industry.
2020-1-15 09:32 | |
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Coinfirm, a provider of anti-money laundering (AML) risk assessment products and services, announced that Eterbase, a Europen-based cryptocurrency exchange, has now integrated the Coinfirm AML Platform and AMLT will be available to its users starting today, January 13th, 2020.
2020-1-13 10:03 | |
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The EU-based cryptocurrency exchange Deribit has announced it is moving to Panama amid new anti-money laundering regulations in the European Union that are coming into full force on Jan 10. The new, stricter rules coming into play will likely force out other European trading platforms going forward as well.
2020-1-12 18:15 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.