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Bitcoin ATM Growth May Be a Boon for Money Launderers
24.6.2020
Crypto analytics company CipherTrace found bitcoin ATMs are increasingly being used to send funds to "high-risk exchanges" suspected of facilitating illicit activity
Fireblocks Adds Crypto-Tracing Tool to Guard Against Money Laundering
16.6.2020
Fireblocks has teamed up with Chainalysis to help flag high-risk transactions passing through its platform
Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
13.6.2020
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might...
Tezos and Algorand Latest to Integrate Tech for Anti-Money Laundering Compliance
12.6.2020
The integrations would allow the two blockchain projects to track transactions and identify senders, in line with the FATF's "Travel Rule."
Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm
3.6.2020
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules
Bitcoin ATMs Face Tighter Regulations Over Money Laundering
3.6.2020
The global regulatory landscape is tightening for crypto ATM operators
New York Man Charged With Trafficking Credit Card Info, Using Bitcoin to Launder Proceeds
28.5.2020
Vitalii Antonenko, 28, has been indicted for allegedly stealing and selling reams of payment card data, the proceeds of which he laundered in bitcoin
Australian Woman Arrested in 'Cash for Bitcoin' Money Laundering Sting
15.5.2020
Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017
CipherTrace’s New Crypto Tracing Tool Is Meant for Banks
28.4.2020
CipherTrace is rolling out a toolkit to help banks flag accounts and crypto-related transactions that may be suspicious
FBI Used Bitcoin Trail to Catch Russian Rapper Accused of Money Laundering
3.4.2020
Rapper Maksim Boiko had claimed bundles of money he posed with in photos came from rental revenue and investments in bitcoin
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
2.4.2020
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.
The post Major Swedish Bank...
FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram
1.4.2020
FBI arrests Russian rapper, for money laundering, citing his Instagram pics with allegedly unearned cash and data from defunct crypto exchange BTC-e
US Homeland Security Arrests LocalBitcoins Seller on Money Laundering Charges
11.3.2020
Homeland Security and DEA officials arrested a LocalBitcoins user on charges of laundering more than $140,000 in bitcoin
US Homeland Security Charges LocalBitcoins Seller on Money Laundering Charges
11.3.2020
Homeland Security and Drug Enforcement Administration officials charged a LocalBitcoins user with laundering more than $140,000 in bitcoin
Japan’s National Police: 537 Arrests for Money Laundering in 2019
6.3.2020
Anti-money laundering laws and regulations may be responsible for increasing the number of reports of illicit transactions in Japan
Crypto Contributes to Money Laundering Problems in Latin America, Report
28.2.2020
Crypto exchanges in Latin America attract money launderers due to “extremely lax” AML and KYC regulations, a new report says
UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
27.2.2020
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been...
Dutch Authorities Arrest Two Men for Alleged Crypto Money Laundering
20.2.2020
Dutch financial authorities have arrested two men for laundering money with cryptocurrencies
Dutch Authorities Arrest 2 in Million-Euro Crypto Money Laundering Investigations
20.2.2020
Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Service arrested two men Monday for laundering millions of euros in cryptocurrency
Russian Central Bank Links Crypto Transactions With Money Laundering
17.2.2020
The Russian central bank now considers any crypto exchange transaction as a money laundering risk