Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.
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Category: Money Laundering
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Mandatory KYC verification may contradict privacy laws in South Korea
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with the global financial system. However, these concerns are dismissed by […]
The post Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble appeared first on Bitcoin News.
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FinCEN leak suggests new AML measures may not go far enough… for banks
Report: Privacy coins don’t conflict with anti-money laundering laws
Regulatory risks grow for DeFi as a ‘money laundering haven’
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering.
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FATF hints at Binance as example of an exchange avoiding regulation
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance.
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SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds, criminals prefer to launder proceeds through mules, front companies, or cash businesses as […]
The post SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency appeared first on Bitcoin News.
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‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts
A new mining concept is facing criticism in the blockchain sphere.
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US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped launder $400 million and the entity hopes to seize his current […]
The post US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer appeared first on Bitcoin News.
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