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.
Latest money laundering News
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.
Russian rapper busted by the FBI for digital currency money laundering
The U.S. federal law enforcement department says it has irrefutable evidence that the Russian celebrity laundered money using BTC.
US fights back against OneCoin lawyer appeal
Mark Scott was convicted on charges of laundering as much as $400 million on behalf of the allegedly fraudulent digital currency scheme.
2 Canadians get jail time in US over HitBTC Twitter scam
The two were involved in a scam impersonating a customer service Twitter account of digital currency exchange HitBTC.
US man charged with aiding in BTC laundering, overlooking human trafficking
Kenneth Rhule faces eight charges from U.S. Homeland Security for operating an unlicensed money transmitting business, among others.
Pair linked to crypto Ponzi scheme in US pleads not guilty
John Caruso and Zachary Salter have been accused of running a crypto scam responsible for defrauding some $9 million from its customers.
Craig Wright: Binance CEO a ‘want-to-be mastermind’ who will face the law
The nChain chief scientist has penned a stern warning to Binance exchange and its founder and CEO, Changpeng Zhao.
US charges 2 North Koreans for over $100M laundered via crypto
The two North Koreans helped launder money stolen from crypto exchanges, and used other crypto exchanges to do it.
Hong Kong regulator begins crypto exchange crackdown
The move comes after the FATF recommended changes in policy in Hong Kong to comply more closely with its standard guidelines.