Tornado Cash co-founders charged with money laundering, sanctions violations
Roman Semenov was placed on OFAC’s sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer. Go to Source
Money Laundering
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US lawmakers urge White House to address North Korea’s use of digital assets: Report
Senator Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July. Go to Source Powered by WPeMatico
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3. Go to Source Powered by WPeMatico
Namibia signs crypto exchange regulation bill into law
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance. Go to Source Powered by WPeMatico
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors. Go to Source Powered by WPeMatico
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go. Go to Source Powered by WPeMatico
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale. Go to Source Powered by WPeMatico
Binance under investigation in France since February 2022: Report
The French arm of Binance is reportedly under investigation by the local authorities on charges of “aggravated money laundering.“ Go to Source Powered by WPeMatico
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 … Read more