Anti-money laundering Financial News

17.07 / 22:38

Anti-money laundering Taiwan Tightens AML Regulations for Virtual Asset Providers

On July 16, Taiwan’s parliament approved revisions to its anti-money laundering (AML) regulations, mandating crypto providers in the country to register for AML compliance. Failure to comply may result in severe penalties, including up to two years in prison or fines of up to NT$5 million (approximately $153,817).

08.08 / 07:33

Citi Election country Anti-money laundering reports Investigations Brazilian Police Uncover Drug Gang-Linked Crypto Money Laundering Ring

Sao Paulo Civil Police in Brazil have uncovered a sophisticated crypto laundering operation linked to a major drug gang – the First Capital Command (PCC).

19.07 / 13:26

markets Cooper Remark Anti-money laundering Courts International Bitzlato Founder Spared Further Jail Time After Guilty Plea for $700M in Illicit Transactions

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been spared further jail time after his exchange processed over $700 million in illicit proceeds from the Russian dark web.

12.07 / 21:25

Anti-money laundering Scam Operators Flourish on Huione Guarantee, Elliptic Research Reveals

Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group, has been involved in facilitating online scams in Southeast Asia.

20.06 / 17:41

Provident Binance Digital Anti-money laundering inclusion reports Crypto Tokens and Services Pose “High” Money Laundering Risks: Singapore MAS

The Monetary Authority of Singapore (MAS) has released a new money laundering risk assessment report, labeling crypto tokens and service providers under “high risk” financial sectors.

11.06 / 08:29

Anti-money laundering Chinese Criminal Gang Sentenced for Laundering Money with Digital Yuan

A criminal gang in China has been sentenced for money laundering using digital yuan in an international scheme.

04.06 / 10:27

Citi Southern Bill DOJ Justice Anti-money laundering Department Epoch Times CFO Charged For $67 Million Crypto Money Laundering Scheme

The Epoch Times chief financial officer Weidong Guan has been arrested and charged for crypto money laundering.

25.05 / 03:59

Provident Remark Bitcoin Anti-money laundering reports Courts UK Court Jails Woman for Laundering 150 Bitcoin Tied to $5.6 Billion Fraud

The Southwark Crown Court in London, UK, sentenced a woman to jail for money laundering bitcoin tied to a billion-dollar investment fraud.

16.05 / 11:57

Tornado Cash Anti-money laundering Courts Tornado Cash Developer Appeals Money Laundering Conviction, Seeks Overturning Verdict

Alexey Pertsev, the developer behind Tornado Cash, has lodged an appeal with the s-Hertogenbosch court of appeal after being found guilty of money laundering.

13.05 / 08:23

Citi Action security Trade Anti-money laundering Investigations Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case

The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies.

08.05 / 16:31

CEO Platform Southern Trade Anti-money laundering Courts Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation

In an announcement on Tuesday , the U.S. Attorney’s Office for the Southern District of Florida said Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. Notably, authorities indicted the former CEO in February.

02.05 / 12:33

Blockchain Provident Research Artificial Intelligence Bitcoin Anti-money laundering reports AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report

Researchers from blockchain forensic firm Elliptic, IBM Watson and MIT have together made advances in using artificial intelligence (AI) to identify money laundering on the Bitcoin blockchain.

29.04 / 13:07

Anti-money laundering Top Chinese Law Firm Analyzes Digital Yuan AML Challenges

China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan.

26.04 / 10:51

Blockchain Provident Platform crypto regulation Diversity Anti-money laundering Investigations Armenian Officials Trained on Essential Techniques and Tools for Effective Crypto-Crime Investigations

A group of Armenian officials from various law enforcement agencies have been trained on crypto-asset investigations to combat crypto-related crimes.

25.04 / 16:43

Provident European Union performer Anti-money laundering reports Relationships EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto

The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs).

25.04 / 07:19

Anti-money laundering Crypto mixers US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering

American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money-transmitting business.

24.04 / 11:15

Digital President country Anti-money laundering reports prevention Indonesian President Cautions Against Crypto in Money Laundering Risks

The President of Indonesia Joko Widodo has raised concerns over the use of cryptocurrencies in money laundering.

25.03 / 11:51

European Union crypto regulation Anti-money laundering Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets

An industry expert, on Sunday, has ‘debunked’ claims that the European Union has banned anonymous crypto wallets and transactions.

21.03 / 08:13

Bitcoin Anti-money laundering UK Woman Found Guilty of Laundering $2.5B in Bitcoin

A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of bitcoin for a Chinese fugitive.

13.03 / 15:15

crypto regulation Bitcoin Anti-money laundering Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case

Roman Sterlingov, founder of Bitcoin Fog, a major crypto-mixing service, has been convicted of money laundering in a United States District Court.

27.02 / 21:19

NFT Anti-money laundering Rug Pull Cyber Senior U.S. Military Airman and Cyber Analyst Charged with Money Laundering for NFT “Rug Pull” Scheme

Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, a February 23 statement from U.S. Immigrations and Customs Enforcement (ICE) reveals.

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