Bitstamp introduces KYC for Dutch digital currency withdrawals
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
Latest money laundering News
European Central Bank calls for greater regulation of BTC
Christine Lagarde said the digital currency was increasingly being used by criminals worldwide to cover their tracks online, and for laundering money beneath the detection of the authorities.
RG Coins exchange owner sentenced to 10 years in $5M laundering case
Bulgarian national Rossen Iossifov was charged with conspiracy to commit money laundering and offenses under the Racketeer Influenced and Corrupt Organizations Act.
Crypto Crime Cartel: The end is nigh for Tether
Whenever the curtain is pulled back on the operations of Tether, the representations made by its executives change dramatically.
Estonia: Over 1,000 digital currency startups lost license in 2020
Finance minister Veiko Tali was quoted saying the figures were evidence digital currency firms required “heightened attention” from regulators to ensure compliance.
BTC-E operator Alexander Vinnik gets five years in jail
Alexander Vinnik has been sentenced to five years in jail by a judge in France. The United States and Russia still want Vinnik extradited.
Payza founders sentenced in $250M money laundering case
Firhoz and Ferhan Patel will serve 36 and 18 months behind bars respectively, a federal judge in the District of Columbia has determined.
Former drug cartel member arrested over $6M digital currency money laundering
Spanish police claimed the suspect has been using cryptocurrencies to launder money for drug traffickers across Europe.
Canada authorities flex power over digital asset-backed tax evasion
The Canadian Revenue Agency has asked Toronto-based coin exchange Coinsquare for the identity of every one of its clients.
Crypto Crime Cartel: Leaked Binance strategy shows law enforcement must prosecute now
Leaked documents show that Binance has a comprehensive plan to undermine the ability of anti-money laundering and sanctioned enforcement agencies to detect illegal activity being committed.
OneCoin lawyer Mark Scott disbarred in New York
Mark Scott’s disbarment follows his conviction of conspiracy to commit bank fraud in November 2019.
China cracks down on extensive Tether-linked money laundering
The central bank detailed a recent case in which its Huizhou City branch uncovered a cross-border online gambling operation that relied on USDT for funds transfer.
