Money Laundering – Page 4

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.

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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.

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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.

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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.

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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.

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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.

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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.“

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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.

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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 […]

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Ukraine, US Shut Down 9 Cryptocurrency Exchanges

Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various fraud schemes. Cyberpolice, US Investigators Bust Crypto Exchanges in Ukraine Officers from Ukraine’s Cyberpolice unit and Main Investigative Department, working with […]

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