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The Netherlands’ AMLD5 Interpretation Appears to Be Killing Crypto Firms
27.4.2020
The announced closure of one-man bitcoin startup Bittr may be the first of many in the Netherlands as contentious new AMLD5 regulations come into effect
EU Lawmakers Want to Create a New Regulator for Crypto 'Blind Spots'
13.4.2020
Alongside stablecoins and token-based fundraising, the EU parliament asserts that Bitcoin mining poses a money laundering risk
FBI Used Bitcoin Trail to Catch Russian Rapper Accused of Money Laundering
3.4.2020
Rapper Maksim Boiko had claimed bundles of money he posed with in photos came from rental revenue and investments in bitcoin
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
2.4.2020
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.
The post Major Swedish Bank...
FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram
1.4.2020
FBI arrests Russian rapper, for money laundering, citing his Instagram pics with allegedly unearned cash and data from defunct crypto exchange BTC-e
‘Overwhelming Evidence’ – Prosecutors File Motion to Dismiss Alleged Onecoin Lawyer’s Appeal
27.3.2020
While Onecoin’s crypto queen Ruja Ignatova remains at large, U.S. resident Mark Scott is trying to get his verdict acquitted after being accused of helping Onecoin leaders, including Ignatova, launder money and commit fraud. Also read: ‘What Bitcoin Did’ – Scanning...
Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer
25.3.2020
The U.S. government has urged a New York federal court to dismiss an alleged OneCoin money launderer’s request for acquittal
Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul
19.3.2020
Canadian firms processing crypto transactions worth more than 1,000 Canadian dollars will have to record and report identifying information regarding their customers
Two Canadians Sentenced to Prison Time in US for Bitcoin Theft
18.3.2020
Two men impersonated HitBTC support staff on Twitter, convincing an Oregon resident into allowing access to their email and cryptocurrency exchange accounts
Revealed: How North Korea Laundered $100 Million of Stolen Crypto
13.3.2020
CipherTrace has detailed how two men managed to fool KYC processes and launder more than $100 million of stolen crypto on mainstream exchanges
LocalBitcoins Seller Charged After Undercover 'Human Trafficking' Sting
12.3.2020
A LocalBitcoins seller has been charged with money laundering after allegedly selling $140,000 worth of Bitcoin to undercover agents posing as criminals
US Homeland Security Arrests LocalBitcoins Seller on Money Laundering Charges
11.3.2020
Homeland Security and DEA officials arrested a LocalBitcoins user on charges of laundering more than $140,000 in bitcoin
US Homeland Security Charges LocalBitcoins Seller on Money Laundering Charges
11.3.2020
Homeland Security and Drug Enforcement Administration officials charged a LocalBitcoins user with laundering more than $140,000 in bitcoin
UK Adds Further Regulation to Already-Strict 5AMLD Guidelines
6.3.2020
A leader of one of the United Kingdom’s regulating bodies briefs new crypto expectations on top of strict EU 5AMLD laws
Reginald Fowler Pleads Not Guilty to New Crypto Capital Charges
6.3.2020
The former owner of the Minnesota Vikings football team is accused of money laundering, conspiracy, and unlicensed money transmitting services
Japan’s National Police: 537 Arrests for Money Laundering in 2019
6.3.2020
Anti-money laundering laws and regulations may be responsible for increasing the number of reports of illicit transactions in Japan
Crypto Exchange Digitex Removes KYC to Protect User Data
4.3.2020
Digitex will start removing KYC rules in response to a major personal data leakage that happened in February, CEO reveals
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack
3.3.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack, in connection with Lazarus Group
Crypto Contributes to Money Laundering Problems in Latin America, Report
28.2.2020
Crypto exchanges in Latin America attract money launderers due to “extremely lax” AML and KYC regulations, a new report says