South Korea unregulated digital currency forex transfers hit record high at $677M
In the first eight months of the year, South Korea saw forex transfers via digital currencies hit a record high as regulators warn of illicit activities.
Latest money laundering News
The real laissez faire use case for NFTs
With CDBCs and useful tokens on BSV out of the way, Jerry Chan addresses the elephant in the room—non-fungible tokens, or more specifically, the economic viability of the speculative NFT market.
South Korea’s Upbit exchange to limit withdrawals for unverified users
Following the withdrawal limits, Upbit has said it will go further in restricting trading services to verified users only, including all deposits and withdrawals, effective October 13.
Brazil to adopt tougher penalties for digital currency money launderers
Brazil will raise the penalty for laundering through digital currencies to two-thirds of laundered money and prison sentence to 16 years and eight months.
Man linked to $1.3B North Korean BTC hacks gets 11 years in prison
Ghaleb Alaumary is accused of having helped North Korean hackers who made off with $1.3 billion targeting banks and digital currency firms, among other crimes.
Former Manchester United star Anderson charged in digital currency fraud probe
The retired soccer star was identified as one of eight suspects involved in a money laundering operation thought to have handled some R$35 million in illicit funds through digital currency.
BTC mixer Helix founder pleads guilty to money laundering charges, faces 20 years
Larry Dean Harmon is accused of helping criminals move 350,000 BTC through his mixing service and was heavily linked to infamous dark web marketplace AlphaBay.
Mexican regulator claims 12 digital currency exchanges operating illegally
The head of the Mexican Financial Intelligence Unit, Santiago Nieto Castillo, stated that the 12 exchanges were operating illegally during a recent event focused on financial intelligence and risk management.
Kraken CEO Jesse Powell admits to Bank Fraud on Twitter?
Jesse Powell, CEO of Kraken exchange, is under fire for admitting he used money laundering tactics to dodge mainstream financial platforms’ compliance crackdowns.
Brazilian police seize $33M in digital currency money laundering probe
Brazilian civil police seized R172 million ($33.3 million) from two individuals and 17 legal entities, as part of the Operation Exchange covering six warrants in Diadema, Sao Paulo.
OK Group inks deal to help China fight money laundering with blockchain
The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in illegal funds and crack dozens of cases.
London police seize $250M in largest digital currency haul in UK
The money is alleged to be the proceeds of a money laundering ring, with a 39-year-old woman at the center of the high-stakes crime.