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'Exclusive Mining' Can Be Used for Money Laundering & Tax Evasion - Report
7.9.2020
Source: Adobe/Galina_lya
Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering.
"The authors observe that blockchain...
Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...
UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms
25.8.2020
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime
AirBit Club Ponzi Operators Charged With Fraud and Money Laundering
19.8.2020
Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock
Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National Law
13.8.2020
Irish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules
Comparing Money Laundering With Cryptocurrencies and Fiat
30.7.2020
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk
Mastercard Exec Accused of Money Laundering Cover-Up at Bank With Ties to Wirecard
28.7.2020
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus
Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned
8.7.2020
Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U. prosecutors
China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown
2.7.2020
Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations
DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering
25.6.2020
Rowland Marcus Andrade, the founder of AML Bitcoin, was indicted on wire fraud and money laundering charges related in part to an initial coin offering conducted in 2017 and 2018
Bitcoin ATM Growth May Be a Boon for Money Launderers
24.6.2020
Crypto analytics company CipherTrace found bitcoin ATMs are increasingly being used to send funds to "high-risk exchanges" suspected of facilitating illicit activity
Fireblocks Adds Crypto-Tracing Tool to Guard Against Money Laundering
16.6.2020
Fireblocks has teamed up with Chainalysis to help flag high-risk transactions passing through its platform
Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
13.6.2020
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might...
Tezos and Algorand Latest to Integrate Tech for Anti-Money Laundering Compliance
12.6.2020
The integrations would allow the two blockchain projects to track transactions and identify senders, in line with the FATF's "Travel Rule."
Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm
3.6.2020
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules
Bitcoin ATMs Face Tighter Regulations Over Money Laundering
3.6.2020
The global regulatory landscape is tightening for crypto ATM operators
New York Man Charged With Trafficking Credit Card Info, Using Bitcoin to Launder Proceeds
28.5.2020
Vitalii Antonenko, 28, has been indicted for allegedly stealing and selling reams of payment card data, the proceeds of which he laundered in bitcoin
Australian Woman Arrested in 'Cash for Bitcoin' Money Laundering Sting
15.5.2020
Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017
CipherTrace’s New Crypto Tracing Tool Is Meant for Banks
28.4.2020
CipherTrace is rolling out a toolkit to help banks flag accounts and crypto-related transactions that may be suspicious
FBI Used Bitcoin Trail to Catch Russian Rapper Accused of Money Laundering
3.4.2020
Rapper Maksim Boiko had claimed bundles of money he posed with in photos came from rental revenue and investments in bitcoin