Russia bans anonymous Bitcoin wallet deposits
The ban has been introduced to prevent the use of digital currency for money laundering, terrorism financing and the drugs trade.
The Latest money laundering News
Mastercard exec implicated in illegal Wirecard transactions
The executive was allegedly involved in a sophisticated money laundering operation with links to disgraced payments firm Wirecard.
PlexCoin scam founders charged with fraud in US
Dominic Lacroix, Sabrina Paradis-Royer and Yan Ouellet are charged with securities fraud, wire fraud and conspiracy to commit money laundering.
Over $1.4B in digital currency laundered via exchanges in H1 2020
Digital currency exchanges with KYC and AML procedures, such as Huobi, Binance, and even Coinbase, were reportedly the digital currency exchanges that the most money was laundered through.
Craig Wright slams ‘empty jargon’ of censorship resistance
Bitcoin is for cash micropayments, and not as a workaround for money laundering laws, according to Dr. Craig Wright.
AML Bitcoin team charged with money laundering
The SEC is pressing charges including money laundering, wire fraud, and aiding and abetting in an unregistered digital securities sale.
$90M fund with links to defunct BTC-e exchange seized in New Zealand
Alexander Vinnik is accused of laundering billions of dollars via BTC-e exchange since 2011.
Guangdong police freeze 4,000 bank accounts in latest digital currency crackdown
Authorities identified bank accounts belonging to digital currency OTC traders suspected of involvement in illegal money laundering activity.
Chinese police arrest 12 in digital currency money laundering scam
The group allegedly used Huobi’s platform to transfer the proceeds of fraud to an overseas bank account via digital currency transactions.
New research finds that criminals prefer BTC
Rand research listed three illicit use-cases for digital currencies: money laundering, trade in illicit goods and services, and terrorism financing.
Russia not letting up in bid to bring Alexander Vinnik home
Russia has requested the home detention of alleged fraudster Alexander Vinnik amid concerns over COVID-19.
Huobi’s Star Atlas analytics tool will detect fraud and money laundering
Huobi has launched Star Atlas, a tool it believes will track illicit transactions on the blockchain, allowing the exchange to detect fraud and money laundering.