Money laundering Financial News

15.09 / 22:07

regulation Fraud FTX Money laundering Trial Government objects to ‘unnecessary,’ ‘prejudicial’ SBF jury selection questions

On Sept. 15, the United States government responded to questions the defense has suggested posing to potential jurors during their selection for the case against former FTX CEO Sam Bankman-Fried. He faces seven charges of fraud and money laundering in connection with the collapse of the cryptocurrency exchange that could land him in prison for decades.

12.09 / 20:17

regulation Fraud Money laundering OneCoin OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large.

08.09 / 13:09

Money laundering FinTech London Fintech Owner Accused of Facilitating Massive Drug Money Laundering via Crypto

A fintech owner in London is under scrutiny for allegedly assisting notorious drug traffickers in laundering hundreds of millions of euros through a crypto exchange platform.

06.09 / 18:53

regulation Court Money laundering Tornado Cash NOT Tornado Cash co-founder pleads not guilty to all charges: Report

Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions.

01.09 / 00:55

Blockchain Adoption regulation Money laundering United Nations Counter Terrorism Financing crypto transfers UK's Travel Rule comes into effect, could halt certain crypto transfers

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.

31.08 / 11:01

Tether Money laundering Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto

Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million.

24.08 / 03:05

Adoption regulation Altcoin privacy Smart Contracts Money laundering Tornado Cash indictment fails to show 'clear violation' of certain laws: Coin Center

Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don't show any clear violations of money-transmitting-related offenses.

23.08 / 19:27

regulation Department Of Justice sanctions Money laundering Tornado Cash Tornado Cash co-founders charged with money laundering, sanctions violations

The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation division in Washington state the same day.

04.08 / 19:11

Government Law regulation Money laundering lawmakers US lawmakers US lawmakers urge White House to address North Korea's use of digital assets: Report

Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions.

03.08 / 16:35

Hackers regulation Bitfinex crimes Court Money laundering Individual charged with money laundering admits to hacking Bitfinex in 2016: Report

One half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack.

21.07 / 15:57

Law regulation Bitfinex crimes Money laundering Deal Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors

The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States.

07.07 / 15:19

Law regulation Money laundering Bitcoin Lawyer George Bachiashvili's lawyer denies $39M Bitcoin misappropriation charges

The legal team representing the billionaire entrepreneur George Bachiashvili has issued a statement denying the criminal charges filed by the Prosecutor’s Office of Georgia, alleging that the businessman misappropriated Bitcoin (BTC) worth $39 million.

28.06 / 12:07

crimes Cybercrime Money laundering Terrorism Bitcoin Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.

22.06 / 18:31

business Google Money laundering Machine Learning FinTech Google launches ‘Anti Money Laundering AI’ after successful HSBC trial

Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial services group HSBC.

16.06 / 12:21

Binance regulation Money laundering Bitcoin Regulation Binance under investigation in France since February 2022: Report

The legal troubles for world's leading crypto exchange Binance continue to mount as new reports suggest the exchange has been reportedly under investigation in France since early last year.

01.06 / 21:05

FATF Money laundering Qatar Needs To Make Some ‘Major Improvements’: Money Laundering Watchdog Says

Qatar needs to make some “major improvements,” on how it responds to terrorist financing, according to a global money laundering and terrorist financing watchdog.

29.05 / 04:25

Europe FTX Money Money laundering 'Thousands' quit US over crypto negativity: Blockchain chief

Despite a «wild year» of scandal and failure in 2022 when the FTX exchange and a number of crypto dealers collapsed, Peter Smith, chief executive of London-based Blockchain.com, told the Qatar Economic Forum that there is now «real growth» in the crypto community. Smith, who said nearly a decade as head of Blockchain.com had left him with «no nerve endings», told how other countries were taking advantage of the void left by the US where some regulators were «openly negative about crypto». While some US legislators want to see rules for a cryptocurrency market, regulators there have taken a tough line because of fears of money laundering and scams such as the FTX collapse. Former FTX chief Sam Bankman-Fried is due to go on trial in New York in October.

24.05 / 07:17

regulation AML Money laundering Anti-money laundering Japan’s crypto Anti-Money Laundering measures to start in June: Report

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering (AML) measures to trace cryptocurrency transactions from June 1.

03.05 / 06:19

Blockchain regulation crimes Cybercrime exchanges Money laundering FBI, Ukraine seize 9 exchange domains on money laundering allegations

Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian law enforcement.

20.04 / 11:27

Blockchain Ethereum regulation Money laundering Money Transfers Prison Tornado Cash dev Alex Pertsev set to be released from prison under surveillance

Tornado Cash developer Alex Pertsev is set to be released from jail after spending nearly nine months in prison. Pertsev was arrested in August last year by Dutch authorities on suspicion of being involved in money laundering through the crypto mixing service Tornado Cash.

12.04 / 20:49

regulation privacy Money laundering Blockchain Association files brief in Tornado Cash case

Crypto advocacy groups Blockchain Association and DeFi Education Fund filed a brief in United States District Court in Austin in the case brought by six individuals against the United States Treasury Department over the sanctioning of Tornado Cash. The amicus (friend of the court) brief supports the plaintiff’s motion for a partial summary judgment.

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