Tag: laundering
Mistake or money laundering? User pays $1.6 million for CrypToadz NFT
One of the CrypToadz non-fungible tokens (NFTs), whose average price doesn’t exceed $1000, was bought for an astonishing 1,055 Wrapped Ethereum (WETH) [...]
Statement Of Commissioner Christy Goldsmith Romero On The Importance Of Retail Customer Protections And Anti-Money Laundering In Precious Metals Markets And Foreign Currency (Forex) Markets
In my 18-month tenure at the CFTC, I have seen too many retail customers become victims of illegal acts in precious metals markets and foreign currenc [...]
Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance
The market maker, based in Belgium, joins the likes of crypto firm Bitcoin Suisse and custodian BitGo in registering with VQF, a financial standards o [...]
Senator Elizabeth Warren’s Crypto Money Laundering Bill Gains Momentum as More Sign On
The wide-ranging bill, introduced in July, would – among other things – extend anti-money-laundering requirements from the Bank Secrecy Act to provide [...]
OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on [...]
Tornado Cash Developer Roman Storm Pleads Not Guilty to Money Laundering, Other Charges
Tornado Cash developer Roman Storm pleaded "not guilty" to charges of conspiring to operate a money transmitter or facilitate money laundering and san [...]
Tornado Cash co-founders charged with money laundering, sanctions violations
The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “m [...]
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
One half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex h [...]
Bitcoin hack money laundering case moves toward guilty pleas
The New York couple charged with trying to launder $4.5 billion in bitcoin stolen in a 2016 hack of Bitfinex appear set to plead guilty in the case.Th [...]
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement [...]
‘Razzlekhan,’ Husband Make Plea Deal in Bitfinex Hack Laundering Case Worth Billions
Heather “Razzlekhan” Morgan and Ilya Lichtenstein are pleading guilty to three charges, two counts of money laundering and one of conspiracy to defrau [...]
ED searches cos for forex violations, money laundering
Mumbai: The Enforcement Directorate (ED) Friday conducted searches at half a dozen firms for alleged forex violations and money laundering. Official s [...]
House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism
The U.K.'s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a ste [...]
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
“Almost three quarters of jurisdictions are only partially compliant or not compliant with the FATF’s requirements” for virtual assets, according to a [...]
Google launches ‘Anti Money Laundering AI’ after successful HSBC trial
Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial serv [...]