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Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most of the top 20 cryptocurrencies have seen […]
The post Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear appeared first on Bitcoin News.
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The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last […]
The post Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks appeared first on Bitcoin News.
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A dovish U.S. Federal Reserve is one of the reasons for the recent surge of bitcoin prices, according to Deutsche Bank lead strategist
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Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or […]
The post How the World’s Leading Banks Help Launder $2 Trillion a Year appeared first on Bitcoin News.
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A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.” Also […]
The post 1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme appeared first on Bitcoin News.
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SWIFT announces blockchain-based e-voting proof-of-concept to be conducted by Singapore Exchange, HSBC, Standard Chartered and others
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Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also […]
The post World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe appeared first on Bitcoin News.
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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]
The post Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms appeared first on Bitcoin News.
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The Modex ITO closes this Monday, on September 24t (6:00 pm CET). This is your chance to sign up and support the company developing the world’s First Multi-Protocol Smart Contract Marketplace with comprehensive dev tools, meant to help developers make smart contracts event smarter.
The post PR: Last Chance to Contribute to Modex Tech ICO appeared first on Bitcoin News.
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U.S. law enforcement agencies have started their money laundering investigations of Danske Bank, Denmark’s largest bank, according to the Wall Street Journal. Citigroup and Deutsche Bank have been implicated. Danske Bank is also currently under investigation by Denmark and Estonia and its CEO reportedly ignored warnings of suspicious transactions. Also read: 160 Crypto Exchanges Seek to […]
The post $150B Money Laundering Probe of Danske Bank Implicates Citigroup and Deutsche Bank appeared first on Bitcoin News.
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