Latest News Of money laundering Tag

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

Business 8 hours ago

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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The fallacy of the ‘crypto’s only good for money laundering’ argument

Business 7 December 2018

The fallacy of the ‘crypto’s only good for money laundering’ argument

Cryptocurrency have been put in a bad light many times. In Japan an estimated 6,000 transactions were related to money laundering using cryptocurrency.

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Cyprus court drops charges against BTC-e founder

Business 29 November 2018

Cyprus court drops charges against BTC-e founder

Alexander Vinnik, who allegedly founded the BTC-e cryptocurrency exchange before running off with everyone’s money, just got a brief reprieve.

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Alleged BTC-e operator goes on hunger strike to protest extradition

Business 28 November 2018

Alleged BTC-e operator goes on hunger strike to protest extradition

Alexander Vinnik, a former cryptocurrency exchange executive accused of using BTC to launder billions of dollars, is preparing to go on hunger strike.

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Thai siblings linked to $24M crypto scam plead not guilty

Business 8 November 2018

Thai siblings linked to $24M crypto scam plead not guilty

The three siblings arrested in Thailand on allegations of fraudulently tricking a Finnish investor into shelling out over $24 million in cryptocurrency have pleaded not guilty to money laundering charges.

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Tether’s new banking partner already in hot water

Business 8 November 2018

Tether’s new banking partner already in hot water

According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.

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