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Nalezeno "Money laundering": 1357

Binance sued for allegedly facilitating money laundering with 'lax KYC'

15.9.2020
Binance’s lax KYC requirements are creating more legal problems for the exchange

FATF hints at Binance as example of an exchange avoiding regulation

14.9.2020
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance

SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency

10.9.2020
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds...

‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts

7.9.2020
A new mining concept is facing criticism in the blockchain sphere

'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report

7.9.2020
Source: Adobe/Galina_lya Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering. "The authors observe that blockchain...

US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer

3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...

US Moves to Seize $400M From Convicted OneCoin Money Launderer

2.9.2020
The U.S. Department of Justice wants an attorney to handover the massive sum he helped launder for the OneCoin scheme

Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...

UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms

25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime

Report suggests $1 million of ransomed Bitcoin was cashed out on Binance

24.8.2020
Binance Security Team explains that security systems and techniques are constantly evolving to identify malicious activity while minimizing false positives

Law Decoded: Blockchains and the Eastern Bloc, August 14–21

21.8.2020
As protests rage in Belarus and Alexei Navalny remains in a coma, we look at new developments in crypto across the former USSR

CFTC Seeks $429M Penalty Against Ponzi Operator Who Ghosted Them

21.8.2020
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him

AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

19.8.2020
Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock

Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’

19.8.2020
On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a...