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Europe Has The Most Of Money Laundering-Friendly Crypto Exchanges
2.10.2020
Source: Adobe/anish_ap1
Europe has the highest count of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America, claims CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain...
CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector
1.10.2020
Here's how blockchain analytics firms like CipherTrace and Elliptic are viewing DeFi and DEXs after the KuCoin hack
FinCEN director warns banks about cryptocurrency risk exposure
30.9.2020
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
21.9.2020
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services
FinCEN announces sweeping money laundering regulations overhaul
17.9.2020
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
Report: Privacy coins don't conflict with anti-money laundering laws
16.9.2020
Where does the right to financial privacy end?
Regulatory risks grow for DeFi as a 'money laundering haven'
16.9.2020
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering
Privacy coins ‘pose less risk of money laundering than other coins’
16.9.2020
Privacy coins aren’t a major money laundering risk a new white paper argues
Binance sued for allegedly facilitating money laundering with 'lax KYC'
15.9.2020
Binance’s lax KYC requirements are creating more legal problems for the exchange
SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency
10.9.2020
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds...
'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report
7.9.2020
Source: Adobe/Galina_lya
Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering.
"The authors observe that blockchain...
Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...
UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime
AirBit Club Ponzi Operators Charged With Fraud and Money Laundering
19.8.2020
Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock
Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law
13.8.2020
Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules
Comparing Money Laundering With Cryptocurrencies and Fiat
30.7.2020
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk
Mastercard Exec Accused of Money Laundering Cover-Up at Bank With Ties to Wirecard
28.7.2020
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus
Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned
8.7.2020
Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U. prosecutors
China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown
2.7.2020
Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations
DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering
25.6.2020
Rowland Marcus Andrade, the founder of AML Bitcoin, was indicted on wire fraud and money laundering charges related in part to an initial coin offering conducted in 2017 and 2018