money laundering Archives

Bipartisan bill to crack down on ‘crypto’ money laundering, terrorist financing reintroduced to US Senate

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2 August, 2023

Bipartisan bill to crack down on ‘crypto’ money laundering, terrorist financing reintroduced to US Senate

Recognizing the threat of "cryptocurrencies," U.S. lawmakers released a bill fortifying existing AML/CFT rules governing the financial system to help...

War on cryptocurrency crimes continues: DOJ merges teams to intensify crackdowns

Business

Gavin Lucas

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27 July, 2023

War on cryptocurrency crimes continues: DOJ merges teams to intensify crackdowns

The U.S. Department of Justice’s move with the CCIPS and NCET is set to double the number of criminal division...

Binance seeks dismissal of CFTC suit, preps Japanese noncompliance

Business

Steven Stradbrooke

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26 July, 2023

Binance seeks dismissal of CFTC suit, preps Japanese noncompliance

Binance has until July 27 to file its response to the CFTC suit, but the exchange is asking the court...

Business

Steven Stradbrooke

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19 June, 2023

Binance flees Netherlands, faces ‘aggravated’ money laundering probe in France

Challenges plague Binance since the SEC charges came to light, this time concerning its failure to secure a license in...

Atomic Wallet hack sees North Korea’s Lazarus Group pocketing $100M: report

Business

Steve Kaaru

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15 June, 2023

Atomic Wallet hack sees North Korea’s Lazarus Group pocketing $100M: report

Atomic Wallet was hacked earlier this month in an attack it claimed only affected 1% of users, and Elliptic reports...

389 digital asset firms shut down in Estonia amid tough new laws

Business

Steve Kaaru

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11 May, 2023

389 digital asset firms shut down in Estonia amid tough new laws

Estonia has been getting tough with virtual asset service providers, resulting in 200 firms withdrawing their license applications as a...

Tornado Cash developer Alexey Pertsev released pending trial

Business

Steve Kaaru

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25 April, 2023

Tornado Cash developer Alexey Pertsev released pending trial

Alexey Pertsev was arrested nine months ago, just days after the U.S. Treasury sanctioned Tornado Cash coin mixer, and faces...

No prison time for Ryuk ransomware gang broker after guilty plea

Business

Wahid Pessarlay

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19 April, 2023

No prison time for Ryuk ransomware gang broker after guilty plea

Denis Dubnikov assisted the Ryuk ransomware gang in laundering over $400,000 worth of illicit funds using his OTC services based...

Bitzlato: Exchange seized by EU, US authorities allows users to withdraw 50% of funds in BTC

Business

Steve Kaaru

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26 March, 2023

Bitzlato: Exchange seized by EU, US authorities allows users to withdraw 50% of funds in BTC

Bitzlato was seized by Europol earlier this year amid a U.S. crackdown for facilitating money laundering, but it has now...

South Korea to set up ‘virtual currency tracking system’ to counter illegal activity

Business

Wahid Pessarlay

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1 February, 2023

South Korea to set up ‘virtual currency tracking system’ to counter illegal activity

The South Korea Ministry of Justice's proposed tracking system is designed primarily against money laundering activities and to assist in...

OneCoin co-founder pleads guilty to operating Ponzi scam, faces 40 years in US prison

Business

Wahid Pessarlay

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22 December, 2022

OneCoin co-founder pleads guilty to operating Ponzi scam, faces 40 years in US prison

Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20...

China: Authorities arrest 63 people linked to digital asset money laundering ring

Business

Wahid Pessarlay

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16 December, 2022

China: Authorities arrest 63 people linked to digital asset money laundering ring

Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied...

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