Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto
A Tel Aviv resident stands accused by Israeli State Attorney’s Office of stealing cryptocurrencies through a number of malware websites Go to Source Powered by WPeMatico
Money Laundering
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Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer
Nouriel Roubini accuses BitMEX of skirting regulations and enabling illicit activities following a debate with BitMEX CEO Arthur Hayes Go to Source Powered by WPeMatico
US Treasury Secretary Says Cash Is Not Laundered As Much As Bitcoin Is
Treasury Secretary Steven Mnuchin rejected the idea that cash is laundered all the time, implying that Bitcoin is Go to Source Powered by WPeMatico
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean … Read more
G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative
The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT Go to Source Powered by WPeMatico
Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws
Bitcoin ATMs show a gap in European Union’s Anti-Money Laundering regulation, according to Spanish law enforcement Go to Source Powered by WPeMatico
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June Go to Source Powered by WPeMatico
Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra Go to Source Powered by WPeMatico
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last … Read more
Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering Go to Source Powered by WPeMatico