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Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering
8.10.2021
Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions...
US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’
7.10.2021
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money...
Crypto Enforcement Team, Pepsi CFO on Bitcoin, Institutional Metamask + More News
6.10.2021
r noreferrer" href="https://www.reuters.com/world/us/us-justice-dept-launches-new-initiatives-cryptocurrencies-contractor-hacks-2021-10-06/">reported. The group will include a mix of anti-money laundering and cybersecurity experts, per the report.The IOSCO group of securities regulators and the
Brazil aims to tighten penalties for crypto-related financial crimes
4.10.2021
The penalties are part of a new piece of legislation that also regulates crypto trading and payments
How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds
30.9.2021
According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading...
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...
Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals
23.9.2021
Cryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors....
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
22.9.2021
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous...
Spain’s Finance Ministry Intensifies Scrutiny of Crypto Wallets, Pay Firms
21.9.2021
of Finance. The ministry’s Union of Technicians (known locally as GESTHA) was quoted as stating that it “has been monitoring” the “[crypto] situation for several years” and had gradually succeeded in “establishing control measures to stop money laundering” efforts that make use of
Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan
20.9.2021
Dmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud related to the now defunct trading platform, successor of the infamous BTC-e exchange. Former...
Bank of Russia wants to block ‘emotional’ and suspicious crypto activity
15.9.2021
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity
Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms
10.9.2021
Seychelles’ Financial Services Authority (FSA) together with the country’s finance ministry, is reportedly working on a policy to either prohibit or license crypto trading platforms as registered international businesses. Increase in International Investigations of Crypto Platforms...
Spain Prepares Registry for Cryptocurrency Exchanges and Custody Providers
26.8.2021
The authorities of Spain must prepare a registry of cryptocurrency exchanges and custody providers to comply with legal requirements to address transparency and terrorism financing issues. This registry is specified by the Prevention of Money Laundering and Financing of Terrorism Law, approved last...
Bitcoin ATM operators set up association to counter money laundering
26.8.2021
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said
Darknet crypto mixer operator pleads guilty to laundering $300M in BTC
19.8.2021
The operator of the darknet-based Bitcoin mixing service Helix has pleaded guilty to laundering more than $300,000 million worth of BTC from 2014 to 2017
Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges
18.8.2021
Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator...
Former US Treasury official joins Binance to lead AML efforts
18.8.2021
Former IRS supervisor Greg Monahan replaces Karen Leong as the global money laundering reporting officer of Binance
Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering
17.8.2021
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation...
Blockchain Entrepreneur to Regulators: ‘Crypto Community a Useful Ally’
16.8.2021
To many people, the year 2020 will probably go down in history as one of the most consequential of the century. After all, it was the year when governments, health professionals, and business owners all seemed to have a common goal: stopping the spread of Covid-19 at all costs. Indeed, in...
Ukraine's state security shuts down illegal crypto exchanges
13.8.2021
Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities