Latest News Of money laundering Tag

Vancouver mulls ban on Bitcoin ATMs over money laundering fears

Business 6 June 2019

Vancouver mulls ban on Bitcoin ATMs over money laundering fears

According to law enforcement in Vancouver, a ban would bring an end to a reported surge in criminal use of the crypto ATMs.

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Contradictions

Editorial 6 June 2019

Contradictions

Bitcoin creator Dr. Craig Wright is being painted a fraud and criminal by people, many of whom promote anarchy and crime, who opposed him and his ideals.

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Europol helps nab crypto-laundering ring in Spain

Business 10 May 2019

Europol helps nab crypto-laundering ring in Spain

Eight were arrested and a bunch of equipment and money seized in a Europol assisted raid in Spain.

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Brazilian police arrest suspect for BTC money laundering operation

Business 25 April 2019

Brazilian police arrest suspect for BTC money laundering operation

Brazillian police were merely looking for drug dealers, but they stumbled on a BTC money laundering operation as well.

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Dark web drug dealers plead guilty to crypto money laundering

Business 25 April 2019

Dark web drug dealers plead guilty to crypto money laundering

Marking a first for the state of New York, prosecutors have secured their first conviction for money laundering through cryptocurrency.

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New York takes down dark web ring linked to crypto-related laundering

Business 22 April 2019

New York takes down dark web ring linked to crypto-related laundering

The Manhattan District Attorney has indicted three individuals who were found to have been selling counterfeit drugs on the dark web and using Bitcoin Core (BTC) to launder over $2.3 million.

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Connecticut man gets jail time over Bitcoin phishing scheme

Tech 12 April 2019

Connecticut man gets jail time over Bitcoin phishing scheme

Michael Richo, 37, was charged with fraud and money laundering offenses for his involvement in a Bitcoin phishing scheme, according to the U.S. Attorney’s Office for the District of Connecticut.

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Drug dealer in Canada ordered to forfeit $1.4M in crypto

Business 5 April 2019

Drug dealer in Canada ordered to forfeit $1.4M in crypto

After Matthew Phan was found dealing narcotics online, Canadian law enforcement officers uncovered a large stash of Bitcoin Core (BTC) in a device in his home.

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Crypto money laundering cases up 10x in Japan, police say

Business 1 March 2019

Crypto money laundering cases up 10x in Japan, police say

The National Police Agency reported a total of 7,000 cases of suspected money laundering involving cryptocurrency on the year, up from just 669 cases in the previous period.

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Malta regulator addresses concerns over cybersecurity

Business 11 February 2019

Malta regulator addresses concerns over cybersecurity

Authorities in Malta are taking action after the International Monetary Fund (IMF) raised concerns that blockchain's ascent in Malta will be a significant risk to the Maltese financial system.

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IMF: Blockchain in Malta poses ‘significant risks’ to financial system

Business 25 January 2019

IMF: Blockchain in Malta poses ‘significant risks’ to financial system

According to the IMF, the rise of the blockchain sectors in Malta isn’t wholly innocent, and could in fact pose “significant risks” to the country’s financial system.

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Ireland set to approve AML bill impacting cryptocurrencies

Business 4 January 2019

Ireland set to approve AML bill impacting cryptocurrencies

Ireland's cabinet has accepted the Fifth Anti Money Laundering Directive put forward by the European Union, creating more oversight for cryptocurrencies.

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