Tag: money laundering
Transnational drug network busted; Nigerian nationals, forex agent held
Sandeep Shandilya, Director of Telangana Anti Narcotics Bureau (TGANB), addressing the media at the Telangana Integrated [...]
ED freezes Rs 170 crore in QFX Trade forex scam investigation
The Enforcement Directorate (ED) has frozen bank deposits worth Rs 170 crore in connection with an alleged fraudulent forex trading and deposit sche [...]
China’s new forex rules require banks to tighten scrutiny on cryptocurrency trades
China’s foreign exchange regulator released new rules that require banks to flag risky trades, including those involving cryptocurrencies, which would [...]
Tigran Gambaryan Free to Leave Nigeria for Medical Treatment After Money Laundering Charges Dropped: Reports
During his time in prison Gambaryan developed malaria, pneumonia, and tonsillitis and suffers from complications tied to a herniated disc in his back, [...]
Crypto-Friendly Bank Ordered by U.S. Federal Reserve to Limit Risks From Digital Asset Clients
Under the order, the bank has to soon provide the Fed a series of written plans and a new approach to compliance, including an agreement to "ensure th [...]
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a gove [...]
Traditional Money Launderers Appear to Be Using Crypto, Chainalysis Says
It's worth noting that just because a crypto transaction to an exchange is, say, $1 below the $10,000 threshold, it isn't definitively illicit. But ba [...]
British-Chinese Money Launder Sentenced to 6 Years in Prison For Role in $6B Fraud: FT
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March.
www.coindesk.com [...]
Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering
Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing serv [...]
ED raids multiple locations in forex fraud case; assets worth ₹5 cr seized | Mumbai news
Mumbai: The Enforcement Directorate (ED)’s Mumbai Zonal Unit conducted search operations at various locations across the state as part of its ongo [...]
ED raids multiple locations in forex fraud case; assets worth ₹5 cr seized | Mumbai news
Mumbai: The Enforcement Directorate (ED)’s Mumbai Zonal Unit conducted search operations at various locations across the state as part of its ongoin [...]
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Wa [...]
Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto Fraud Targeting Muslims
Jabara Igbara, also known as “Jay Mazini,” who claimed to be a crypto millionaire on Instagram, was sentenced by U.S. District Judge Frederic Block to [...]
Illegal forex trading: ED freezes Rs 2.7 crore in bank accounts | India News
NEW DELHI: Enforcement Directorate conducted co-ordinated searches in Mumbai, Chennai, Kolkata and Delhi as part of a probe into the case of illegal o [...]
Prospero Markets wind-up order granted as broker owes clients $19M
The Federal Court of Australia has granted a request made by financial regulator ASIC to issue a formal wind-up order for (formerly) ASIC [...]