Bulgarian exchange owner convicted over auction fraud scheme
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate. Go to Source Powered by WPeMatico
Money Laundering
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Crypto crimes are no excuse for taking away digital asset fungibility
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption. Go to Source Powered by WPeMatico
Nexo founder feels vindicated by the FinCen leak, talks of double-standards
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day. Go to Source Powered by WPeMatico
Mandatory KYC verification may contradict privacy laws in South Korea
Will this legal contradiction be resolved before the deadline? Go to Source Powered by WPeMatico
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 … Read more
FinCEN leak suggests new AML measures may not go far enough… for banks
The leaked documents show many banks ‘enabling’ money laundering. Go to Source Powered by WPeMatico
Report: Privacy coins don’t conflict with anti-money laundering laws
Where does the right to financial privacy end? Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
FATF hints at Binance as example of an exchange avoiding regulation
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance. Go to Source Powered by WPeMatico
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 … Read more
