Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering

Netherlands’ Largest Bank ING Group Fined $900M for Money LaunderingThis week Dutch authorities revealed to the public that the Netherlands’ largest financial services provider, ING, had violated numerous money laundering laws because they didn’t scrutinize unusual transactions and certain accounts. Also Read: Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair Netherlands’ Largest Bank Admits: “ING Clients Used Their Bank Accounts for […]

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Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add?

Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add?Steve Eisman, the American investor best known for having shorted collateralized debt obligations before the 2008 financial crisis, doesn’t see what is the real value of cryptocurrency. He reportedly holds that the popularity of the phenomena comes down to only two factors, speculation and money laundering. Also Read: Only 8.5% of Bitcoin and Cryptocurrency Traders […]

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Big Sister Watching: IMF’s Lagarde Warns of Crypto’s Dark Side

Big Sister Watching: IMF’s Lagarde Warns of Crypto’s Dark SideInternational Monetary Fund (IMF) Managing Director Christine Lagarde released a blog post Tuesday, March 13, Addressing the Dark Side of the Crypto World. In it, she argues increasing fascination with cryptocurrencies has brought along grave costs: money laundering, terrorism, and economic instability. Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining IMF Managing Director […]

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