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Pro-Bitcoin Senator Lummis Explains Why Crypto Is Not The Problem On Terrorist Financing
1.11.2023
U.S. Senator Cynthia Lummis (R-WY) corrected the record on crypto and terror financing on Tuesday after calling for crackdowns on crypto firms supporting sanctioned groups just days earlier. In a post to Twitter, the Bitcoin-supportive politician highlighted how crypto’s share of illicit...
Majority of Americans Hesitant to Embrace Central Bank Digital Currency, Survey Finds
13.6.2023
A recent poll conducted by the Cato Institute and public opinion firm Yougov reveals that the majority of Americans are hesitant to adopt a central bank digital currency (CBDC). The findings indicate that support for a CBDC remains relatively low among survey respondents. U.S. CBDC Support Remains...
22nd Annual Canadian Forum on Anti-Money Laundering and Financial Crime
12.4.2023
June 7-8, 2023 | Toronto The Canadian Institute (CI) is excited to announce the return of the 22nd Annual Canadian Forum on Anti-Money Laundering and Financial Crime. This flagship event brings together Canada’s prominent regulators, and industry thought leaders from the financial institution...
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
7.4.2023
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange....
US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
9.12.2022
US regulators want to know from the industry on what they think about the financial crimes associated with DeFi
US regulator to seek feedback on DeFi's impact on financial crime
8.12.2022
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks
Binance signs MoU with Kazakhstan to fight financial crime
3.10.2022
Binance claimed that its compliance infrastructure is among the best in the world which has helped them gain regulatory approval even in countries where they were deemed illegal until last year
The DeFi Financial Crime Arms Race
27.9.2022
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
16.6.2022
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020
Crypto Can Overcome Its Reputation as a Weak Link in Financial Crime. Here's How
6.6.2022
Among its efforts, the crypto industry must establish a compliance-focused culture
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins
1.9.2021
The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said to be associated with pyramid scam Onecoin. Onecoin Loot in Dubai Besides...
Fleeing Lynchpin of Nigerian Crypto Ponzi Scheme Inksnation Captured
29.5.2021
The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of...
Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic
23.5.2021
Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using...
UK FCA wants to include crypto firms in financial crime reporting rules
25.8.2020
The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation
Russian Financial Crime Agency Plans AI Tool to Link Crypto Transfers to Users
12.8.2020
Russia's anti-money laundering agency Rosfinmonitoring has already built a prototype blockchain analytics tool, according to a report
Singapore Courts Slap Charges on Three Cases of Financial Crime
24.10.2019
Singapore has grown into one of the world’s most important financial hubs over the past decades, and at the same time, the city-state is also well known for being very tough on financial crimes. Within one single day, the courts in Singapore slapped charges on three separate cases of financial...
US Congress Asks Financial Crime Director to Study Blockchain Tech
25.9.2019
US Congress wants FinCEN director to study blockchain in its fight against financial crime