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Binance Seeks Registration in Taiwan Under Money Laundering Control Act and FSC
13.8.2023
Binance, the global leader in cryptocurrency exchange by trading volume, has submitted an application for registration in Taiwan according to the Money Laundering Control Act and the Financial Supervisory Commission (FSC).
During a private meeting on Tuesday, Taiwan's Financial Supervisory...
Binance Appoints New Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer
4.8.2023
On Thursday, Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO), a new role amid potential fraud charges from U.S. regulators.
Amid ongoing investigations into its practices, Binance has witnessed the departure...
New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering
4.8.2023
In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to laundering the stolen bitcoin in a Washington, D.C....
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
3.8.2023
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
21.7.2023
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors
21 Arrested in China for $54M USDT Money Laundering Investigation
20.7.2023
Authorities in China's Shanxi Province have arrested 21 individuals allegedly involved in a major Tether (USDT) money laundering scheme.
The scheme, estimated to have generated over $54 million, utilized the US dollar-backed stablecoin USDT to launder money, the country’s national broadcasting...
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
19.7.2023
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. ...
Brazil Police Take Down ‘Crypto-powered Money Laundering Rings’
14.7.2023
Brazilian police say they have taken apart two crypto-powered money laundering rings, with suspects arrested in four states across the nation.
In an official Federal Police announcement, officers explained that they had “dismantled” two groups they claimed had been active in “international drug...
Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering
29.6.2023
Russia’s Supreme Court has ruled that criminals’ Bitcoin (BTC)-to-fiat trades can be considered money laundering.
Per a report from the Russian legal affairs-focused media outlet RAPSI, the Supreme Court made the judgement in a case involving a citizen who sold narcotics to crypto-paying drug...
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
22.6.2023
Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
16.6.2023
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions...
Binance Under Investigation in France for 'Aggravated' Money Laundering
16.6.2023
Binance is accused of illegally canvassing local customers outside of the legal framework, and for implementing poor money laundering checks
Qatar Needs To Make Some ‘Major Improvements’: Money Laundering Watchdog Says
1.6.2023
Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.
The Financial Action Task Force accused Qatar of not having enough controls and needs to better understand “more complex forms of money...
UAE's Central Bank Introduces New Anti-Money Laundering Guidance for Crypto Businesses – Here's the Latest
1.6.2023
The UAE’s Central Bank just introduced new anti-money laundering (AML) and counter-terrorism financing guidelines for crypto businesses and financial institutions handling digital assets, according to an announcement on Wednesday.
The new guidance applies to all licensed financial institutions...
Qatar Didn’t Properly Enforce Its Crypto Ban, Global Money Laundering Watchdog Says
1.6.2023
The central bank should proactively identify and sanction service providers breaching its 2019 prohibition, according to the Financial Action Task Force
EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law
31.5.2023
The MiCA law is set to make the bloc the first major jurisdiction with tailored crypto regulations
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...
Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
24.5.2023
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers
South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’
22.5.2023
South Korea’s prosecution service will buy new blockchain analytics software – and wants to use it to catch people laundering crypto overseas.
Per the domestic media outlet Economist, the new tools will be used to apply the same level of scrutiny to overseas exchanges as is currently applied...
Elizabeth Warren’s Bill Won’t Stop Money Laundering, But it Could Ban Crypto
18.5.2023
The Digital Asset Anti-Money Laundering Act that Senators Elizabeth Warren and Roger Marshall are pushing through Congress is the legislative equivalent of a Trojan Horse, writes John Rizzo. It would effectively ban crypto in the guise of fighting money laundering