Search
FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto
15.11.2019
FinCEN Director said that Anti-Money Laundering laws will be strictly enforced in the world of crypto
Document Reveals That Danske Bank Uses Gold Bullion for Money Laundering
11.11.2019
The Danish Danske Bank has been in the eye of a storm for quite some time after it discovers that one of its branches in Estonia has used for money laundering. It has now emerged that the bank had even used gold bullion to launder money. The revelations are going to be embarrassing for Denmark’s...
Danske Bank Caught Using Gold Bullion to Launder Illicit Funds
10.11.2019
The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch...
CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance
8.11.2019
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference
Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin
8.11.2019
Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road
AOFEX Crypto Exchange Aims to Induce Anti-money Laundering Tactics to Protect Users
8.11.2019
Digital currencies or cryptocurrencies, as they are better known as, have been one of the most talked-about pedagogies of the financial sphere in recent times. Where the biggest names of the industry showed trust and gambled their wealth in virtual currencies and its development, there have also...
Securities Commission Slams Down Einstein Exchange in Vancouver Amid Money Laundering Charges
5.11.2019
According to the press release by the BCSC or the British Columbia Securities Commission on November 4, the body has taken regulatory action against a Vancouver based cryptocurrency exchange, popular by the name Einstein Exchange. The company was incorporated in December 2017 as a cryptocurrency...
Libra Chief David Marcus Opens Up About Libra’s Potential to Outperform Other Anti Money Laundering Systems
30.10.2019
David Marcus, the spearhead of Facebook’s Libra Project bragged about the social media giant’s highly anticipated stablecoin and its potential to curb money laundering practices in the best possible way in comparison to the current payments systems. The Libra chief shared his views on...
Calibra Head David Marcus Touts Libra’s Money Laundering Standards
29.10.2019
Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
Polish Police Arrests Crypto Capital President on Account of Money Laundering Allegations
25.10.2019
The notoriously renowned spearhead of payment processor firm, Crypto Capital, has been arrested by the Polish police as revealed by the news articles of the local media channels. Ivan Manuel Molina Lee, who serves as the President of Crypto Capital has been charged for money laundering and drug...
Head of Crypto Capital Arrested in Connection with Money Laundering
25.10.2019
Polish authorities arrest Crypto Capital’s president in connection with money laundering
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
22.10.2019
German Finance Ministry urges oversight over the development of privacy tokens to prevent illicit usage
Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
22.10.2019
“The financial services industry is spending $20 billion a year on AML and KYC. So I would ask you: is it even working? I don’t think it’s working”
Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief
22.10.2019
The director of FinCEN says that Anti-Money Laundering laws apply to everyone, including firms offering anonymous cryptocurrency services
FATF Joins BIS In Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns
18.10.2019
Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday
FATF Raises Money Laundering Concerns Over Libra and Stablecoins
18.10.2019
FATF joins other authorities voicing concerns about Facebook’s Libra
How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked
9.10.2019
A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system
ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’
26.9.2019
Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal, having leveled criticisms at “unregulated cryptocurrencies” earlier this year
Upbit Delists Privacy Coins, in an attempt to Alleviate Money Laundering
21.9.2019
Upbit, a cryptocurrency exchange based out in Korea has revealed its plans to stop supporting trade in 5 cryptocurrencies, that includes some major privacy coins, announced in a notice that was made public on September 20th. Upbit said that the exchange is to delist and stop trading in Monero...
Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns
21.9.2019
South Korean cryptocurrency exchange Upbit announced that it will cease trading support for certain privacy coins on Sept. 30