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Chinese Police Arrest 63 People Accused of Laundering $1.7B Using Cryptocurrency
12.12.2022
The illicit funds were converted into tether and then laundered by people around the world, authorities said
Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering Case, KuCoin's and ByBit's Proofs of Reserves
12.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering...
US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters
12.12.2022
The Department of Justice has also discussed possible plea deal with Binance's lawyers, the report added
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
10.12.2022
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over...
US regulator to seek feedback on DeFi's impact on financial crime
8.12.2022
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks
OneCoin Co-Conspirator Frank Schneider Faces Money-Laundering Charges
7.12.2022
OneCoin was a $4 billion ponzi scheme
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
6.12.2022
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and founder of Morgan Creek Capital, Mark Yusko...
Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them
30.11.2022
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
28.11.2022
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that...
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e
26.11.2022
A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred...
Tornado Cash Developer Faces Money Laundering Charges, To Remain in Jail Until At Least February
23.11.2022
Tornado Cash developer Alexsey Pertsev will remain in jail for another three months after being charged with money laundering allegations for the development of the mixing service.
Pertsev, who has been held in detention for the past 100 days, was arrested by Dutch authorities over alleged...
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
22.11.2022
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy
Ukrainian Official Refutes FTX-Ukraine Money Laundering Rumors
14.11.2022
Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged
8.11.2022
The Financial Action Task Force told CoinDesk it has not changed the way it monitors crypto assets or the process by which countries are added to the "gray list" for increased monitoring
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
8.11.2022
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements
4.11.2022
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities...
Crypto adoption via regulation: Setting rules for centralized exchanges
1.11.2022
While some security issues do exist, major internet outages like the one witnessed across the EU recently cannot really threaten cryptocurrencies or their associated networks
Coinbase-Backed Anti-Money Laundering Group Expands Into Europe
31.10.2022
The Travel Rule Universal Solution Technology (TRUST) has expanded into Europe
French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in US
31.10.2022
A member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client. The Russian national may be sentenced to over 50 years in prison for his role in the infamous cryptocurrency exchange. Prisoner...
South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
24.10.2022
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report