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Nalezeno "money laundering": 1128

Owner of unlicensed UK crypto ATM network faces criminal charges

10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration

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

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

5.9.2024
The FCA approved only four of the 35 applications it received in the year ended March 31

China Urged to Establish Unified Crypto Regulations for Seized Digital Assets

5.9.2024
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery...

Binance exec’s trial brought forward despite no access to legal counsel

2.9.2024
Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency

Washington Man Faces Charges in $64 Million Crypto Laundering Scheme

31.8.2024
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum...

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

30.8.2024
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices....

France Charges Telegram’s Pavel Durov, Sets Bail at €5 Million

28.8.2024
Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram...

Binance CEO Teng Rejects Allegations the Exchange Froze All Palestinians' Funds

28.8.2024
The crypto exchange complies with anti-money laundering legislation, he said

Jailed Binance Exec's Nigeria Case to Be Heard a Month Early

27.8.2024
The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner

Russian Cybercriminal Extradited to US in Crypto Crime Case

26.8.2024
A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy...

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...

German Authority Seizes 13 Unauthorized Crypto ATMs

22.8.2024
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German...

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...