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AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report
2.5.2024
Elliptic report revealed that the researchers used deep learning model - AI - to successfully detect crypto money laundering crimes
The post AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report appeared first on Cryptonews
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
2.5.2024
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
1.5.2024
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report
1.5.2024
Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed
Breaking: Binance Founder Changpeng ‘CZ’ Zhao Sentenced to 4 Months of Prison for Money Laundering
30.4.2024
Former Binance CEO Changpeng Zhao has been sentenced to four months in prison following his guilty plea to money laundering charges. The court also imposed a hefty fine on Binance, raising questions about the company's future.
The post Breaking: Binance Founder Changpeng ‘CZ’ Zhao...
Samourai Wallet Co-Founder Pleads Not Guilty to Money Laundering Charges, Released on Bail
30.4.2024
Keonne Rodriguez, one of the individuals associated with the popular cryptocurrency mixer Samourai Wallet, has entered a plea of not guilty to charges of money laundering.
The post Samourai Wallet Co-Founder Pleads Not Guilty to Money Laundering Charges, Released on Bail appeared first...
EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto
26.4.2024
The new laws set up "enhanced" due diligence and customer checks for crypto firms
EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto
25.4.2024
A new body – Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) – will be established in Frankfurt.
The post EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto appeared first on Cryptonews
EU enacts crypto regulations to combat money laundering
25.4.2024
The new legislation would impact crypto-asset service providers (CASPs), like centralized crypto exchanges under MiCA (Markets in Crypto-Assets Regulation)
US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering
25.4.2024
American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money transmitting business.
The post US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering appeared first on Cryptonews
Samourai Wallet Founders Arrested and Charged With Money Laundering
24.4.2024
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide...
Indonesian President Cautions Against Crypto in Money Laundering Risks
24.4.2024
Indonesian President Joko Widodo highlights the significant risks of money laundering through crypto asset and NFT transactions, citing $8.6 billion in suspicious activities in 2021.
The post Indonesian President Cautions Against Crypto in Money Laundering Risks appeared first on Cryptonews
Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering
24.4.2024
US prosecutors are pushing for a 3-year prison sentence for Binance founder Changpeng Zhao, who is set to be sentenced on April 30 in Seattle.
The post Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering appeared first on Cryptonews
Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
24.4.2024
Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering...
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
23.4.2024
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
12.4.2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami,...
Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports
8.4.2024
Tigran Gambaryan was remanded pending trial, reports say
Binance Executive Pleads Not Guilty to Money Laundering Charges in Nigeria
8.4.2024
Detained Binance executive Tigran Gambaryan has pleaded not guilty to four counts of money laundering charges in Nigeria.
The post Binance Executive Pleads Not Guilty to Money Laundering Charges in Nigeria appeared first on Cryptonews
KuCoin vows normalcy after US money laundering charges
27.3.2024
KuCoin and its founders have been charged with major violations in the US, putting a dent in its image after Damian Williams put forward the details of the charges. The US Attorney in the Southern District of New York said that KuCoin and Chun Gan & Ke Tang were operating without following...
KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US
27.3.2024
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.
The post KuCoin Sees Over $1 Billion Outflows After Money Laundering...