terrorism financing – DIGIT INFO

Virginia man convicted of funding ISIS using cryptocurrency

DIGIT — Tue, 17 Dec 2024 08:23:43 +0000

Chhipa sent $185,000 in cryptocurrency to ISIS members in Syria, funding prison escapes and fighters.

Singapore probes illegal Worldcoin accounts and token sales

DIGIT — Tue, 10 Sep 2024 08:20:39 +0000

Singapore investigates unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity.

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Nigerian crypto star out on bail following police detention

DIGIT — Sat, 20 Jul 2024 09:58:41 +0000

Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector.

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Nigeria urged to adopt crypto regulations inspired by Europe

DIGIT — Sun, 30 Jun 2024 12:43:39 +0000

Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.

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Binance exec denied bail in Nigeria money laundering trial

DIGIT — Fri, 17 May 2024 12:55:40 +0000

Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one.

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TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

DIGIT — Sat, 30 Mar 2024 05:41:24 +0000

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows. TRM Labs […]

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Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks

DIGIT — Fri, 17 Feb 2023 21:00:38 +0000

The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts. […]

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Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’

DIGIT — Sun, 05 Feb 2023 12:05:08 +0000

The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it has released a consultation paper that explores “which elements of the crypto […]

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Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry

DIGIT — Mon, 28 Nov 2022 11:00:57 +0000

Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated […]

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Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds

DIGIT — Tue, 01 Mar 2022 13:00:19 +0000

Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order Israel’s Defense Ministry recently seized cryptocurrency wallets belonging to businesses that are associated […]

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