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Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings
12.9.2024
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo...
Singapore probes illegal Worldcoin accounts and token sales
10.9.2024
Singapore investigates unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity
First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
7.9.2024
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities:...
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
6.9.2024
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence
Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case
23.8.2024
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and...
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
21.8.2024
The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the...
Binance Faces Renewed Legal Battle Over Alleged Crypto Money Laundering
21.8.2024
Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets...
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Chinese Police Uncover $1M USDT Money Laundering Scheme
15.8.2024
According to BlockBeats, the police in Qingdao, China, are gearing up to take a deep dive into a…
Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering
11.8.2024
Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November...
Irish Authorities Seize $7.1M in Cryptocurrency Amid Darknet Money Laundering Bust
9.8.2024
Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into...
Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors
2.8.2024
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed
Coinbase's CBPL Fined $4.5M by UK Regulator for Money Laundering Lapses
25.7.2024
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said
Venezuelan Crime Organization Tren De Aragua Gets Sanctioned by OFAC on Crypto Money Laundering Allegations
18.7.2024
Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization...
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed
Banking Sector Poses Highest Money Laundering Risk, Singapore’s Central Bank Says
24.6.2024
According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary...
Binance exec legal battle escalates amid US-Nigeria tug of war
21.6.2024
Binance executive Tigran Gambaryan’s wife expressed her confusion about why the Nigerian law enforcement agency cannot release her husband based on the Federal Inland Revenue Service rebuttal
Chinese court sentences gang for money laundering using digital yuan
13.6.2024
The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled
US Media Executive Charged in $67 Million Fiat-to-Crypto Money Laundering Scheme
4.6.2024
The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen...
Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Executive’s Illness
24.5.2024
Binance's head of financial crimes compliance Tigran Gambaryan is seriously ill, his lawyers said