financial crimes – DIGIT INFO

DOJ charges crypto exchange operator of laundering Silk Road money

DIGIT — Tue, 29 Oct 2024 01:54:10 +0000

Along with money laundering, Maximiliano Pilipis is also accused of failing to file a tax return for income generated in 2019 and 2020.

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New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes

DIGIT — Mon, 07 Oct 2024 11:20:40 +0000

New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using blockchain analytics to monitor risks. Applications are due by Oct. 14. New […]

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Binance exec’s trial brought forward despite no access to legal counsel

DIGIT — Mon, 02 Sep 2024 09:31:19 +0000

Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency.

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Nigerian stakeholders demand Binance reveal identity of bribe agent

DIGIT — Wed, 08 May 2024 12:13:53 +0000

SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.

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Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors

DIGIT — Sat, 18 Feb 2023 00:30:23 +0000

Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources […]

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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

DIGIT — Wed, 16 Nov 2022 12:30:05 +0000

The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation […]

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Binance Aus ramping up measures to protect vulnerable users, says CEO

DIGIT — Tue, 30 Aug 2022 06:05:23 +0000

The general type of people Binance Australia has flagged as vulnerable users are the elderly, people that live in remote areas, or those with disabilities.

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Central Bank of Sudan Warns of Risks Associated With Cryptocurrency

DIGIT — Wed, 30 Mar 2022 07:30:02 +0000

The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s Worsening Economic Crisis As Sudan’s currency continues to plummet, the country’s […]

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South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a Deterrent for Illicit Actors’

DIGIT — Thu, 09 Sep 2021 03:30:31 +0000

One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.” Transfers From Luno to Binance Blocked However, despite this acknowledgement, Luno has so […]

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After Warnings from South African Regulators Binance Rejects Accusations It Provides Financial Advice

DIGIT — Sun, 05 Sep 2021 08:30:25 +0000

Beleaguered crypto exchange, Binance, has released a statement in which it denies accusations that provides financial advice or renders any intermediary services. In a statement released on Twitter less than 24 hours after the Financial Sector Conduct Authority (FSCA)’s warning, the crypto exchange also denies having any ties or links to the organization “Binance Group.” […]

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