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North Korea Set Up a Blockchain Firm to Launder Cash: UN
6.11.2019
North Korea set up a Hong Kong blockchain firm in a bid to to launder stolen cryptocurrency and avoid sanctions, the UN has reportedly said
Canadian Regulator Seizes Troubled Crypto Exchange
6.11.2019
The British Columbia Securities Commission has taken control of a cryptocurrency exchange which allegedly owes customers over $12 million. Einstein Exchange had planned to shut down amid complaints, lawsuits, and money laundering investigations. The Canadian regulator has also taken action against...
Official: Binance Chain and BNB Will Be Traceable via CipherTrace
5.11.2019
Following the recent expansion to 700 coins, CipherTrace adds support for Binance Chain and its native Binance coin
Securities Commission Slams Down Einstein Exchange in Vancouver Amid Money Laundering Charges
5.11.2019
According to the press release by the BCSC or the British Columbia Securities Commission on November 4, the body has taken regulatory action against a Vancouver based cryptocurrency exchange, popular by the name Einstein Exchange. The company was incorporated in December 2017 as a cryptocurrency...
Libra Chief David Marcus Opens Up About Libra’s Potential to Outperform Other Anti Money Laundering Systems
30.10.2019
David Marcus, the spearhead of Facebook’s Libra Project bragged about the social media giant’s highly anticipated stablecoin and its potential to curb money laundering practices in the best possible way in comparison to the current payments systems. The Libra chief shared his views on...
Calibra Head David Marcus Touts Libra’s Money Laundering Standards
29.10.2019
Calibra wallet head David Marcus says that Libra’s anti-money laundering compliance will be better than many alternatives
Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested
28.10.2019
The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.S. Also Read: Tether Created ‘Largest Bubble in Human...
Crypto Capital Exec Indicted on Three Criminal Counts in NY Court
27.10.2019
Following fraud allegations from Bitfinex, Crypto Capital exec Oz Yosef has been charged with three criminal counts in a U.S. court
Polish Police Arrests Crypto Capital President on Account of Money Laundering Allegations
25.10.2019
The notoriously renowned spearhead of payment processor firm, Crypto Capital, has been arrested by the Polish police as revealed by the news articles of the local media channels. Ivan Manuel Molina Lee, who serves as the President of Crypto Capital has been charged for money laundering and drug...
Head of Crypto Capital Arrested in Connection with Money Laundering
25.10.2019
Polish authorities arrest Crypto Capital’s president in connection with money laundering
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
22.10.2019
German Finance Ministry urges oversight over the development of privacy tokens to prevent illicit usage
Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
22.10.2019
“The financial services industry is spending $20 billion a year on AML and KYC. So I would ask you: is it even working? I don’t think it’s working”
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief
22.10.2019
The director of FinCEN says that Anti-Money Laundering laws apply to everyone, including firms offering anonymous cryptocurrency services
FATF Joins BIS In Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns
18.10.2019
Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday
FATF Raises Money Laundering Concerns Over Libra and Stablecoins
18.10.2019
FATF joins other authorities voicing concerns about Facebook’s Libra
Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
17.10.2019
The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering...
How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked
9.10.2019
A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system
No Victim, No Crime: How the Darknet Drug War Is Ruining Young Lives
2.10.2019
There aren’t many areas of modern society unaffected by the draconian war on drugs, and non-violent crypto exchange is no exception. Two San Diego men in their twenties reportedly pleaded guilty on Monday to charges of money laundering conspiracy, for selling cannabis on the darknet...
BitShares DEX Gateway CryptoBridge Implements Mandatory KYC for Users
2.10.2019
BitShares decentralized exchange gateway CryptoBridge announces mandatory user identity verification