Money laundering Financial News

13.08 / 01:13

regulation Money laundering Indian freeze Indian authorities freeze more crypto funds over money laundering allegations

India’s Directorate of Enforcement (ED) announced Friday that it has frozen the financial accounts of Bengaluru-based financial services company Yellow Tune Technologies, some of which were held by Flipvolt crypto exchange, the Indian branch of Singaporean Vauld. The move is linked to an ongoing investigation into money laundering by China-linked instant loan companies. This is the second time this week the agency has taken action in the crypto sphere in connection with that case.

07.08 / 13:01

WazirX Money laundering raid Bank a/cs of WazirX director frozen under PMLA following raid

money laundering case. The Enforcement Directorate (ED) Friday said that it recently conducted searches on one of the directors of M/s Zanmai Lab Pvt Ltd which owns the popular crypto-currency exchange WazirX and has issued a freezing order to freeze their bank balances to the tune of Rs. 64.67 crores.

21.07 / 14:01

cryptocurrency Money laundering Crypto Exchange Monetary Authority of Singapore to tighten laws for crypto players

Amidst heightened volatility in the cryptocurrency market, the Monetary Authority of Singapore (MAS) will tighten laws for crypto players in the country in the coming months, and take firm action if any entity is found to be conducting illegal activities, Managing Director Ravi Menon said.

07.06 / 08:53

Stablecoin regulation Money laundering New Japanese law may allow seizure of stolen crypto

Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances.

19.04 / 07:57

cryptocurrency Money laundering Finance Minister financing Money laundering and terror financing are biggest risks posed by crypto: Finance minister

Biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Finance Minister Nirmala Sitharaman on Monday.

11.03 / 05:11

cryptocurrency Money laundering US US court Indian Indian-American among 2 indicted by US court for role in cryptocurrency money laundering

Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering scheme, the Department of Justice said. Lois Boyd, and Manik Mehtani -- both from Virginia -- face up to 20 years in federal prison.

25.02 / 09:15

regulation BitMEX Money laundering Arthur Hayes BitMEX founders plead guilty to Bank Secrecy Act violations

The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).

27.01 / 05:05

Blockchain Cybercrime Money laundering Crypto money laundering up by one third in 2021 but still below record

A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in 2019.

15.11 / 05:03

cryptocurrency Money laundering financing PM chairs meet on cryptocurrency; concerns raised over money laundering, terror financing risks

cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the way forward on the issue, with government sources asserting that such unregulated markets cannot be allowed to become avenues for "money laundering and terror financing". It was strongly felt in the meeting that attempts to mislead the youth through over-promising and non-transparent advertising should be stopped, the sources said, signalling that strong regulatory steps are in the offing.

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