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Deribit Releases Specifics of New KYC Policy Following Move to Panama

News Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy. In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been main..

Vinnik’s Children File a Complaint About Rights Violation to Greek Court

News The lawyers for Alexander Vinnik, the alleged operator of defunct crypto exchange BTC-e, have filed a complaint alleging violation of Vinnik’s rights. Written on behalf of Vinnik’s young children, the complaint has been filed with a Greek court to prevent the allegedly approaching criminal’s ..

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

Follow up Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as ..

Research: Binance and Huobi Received Over 52% of Total $2.8B Illicit BTC in 2019

News Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report. Chainalysis’ findingsOver the course of 2019, criminal entities moved a total of $2.8 billion in Bitcoin to cryptocurrency exchanges, according to a Jan...

US Congress Looks at Role of Crypto and Internet in Funding Hate Crimes

News The House Financial Services Committee has raised concerns over the use of cryptocurrencies to fund domestic terrorism in the United States. In a Jan. 15 hearing, the FSC Subcommittee on National Security, International Development and Monetary Policy has examined how U.S. financial instituti..

Greek Court Suspends Decision to Extradite Alleged Crypto Criminal

News Greece’s top administrative court has suspended a decision to extradite Alexander Vinnik, a Russian national suspected of laundering of billions of dollars through a cryptocurrency exchange. According to Reuters on Dec. 23, Vinnik’s lawyer said that the decision to extradite is suspended unti..

Russia Is Unhappy About Greece Extraditing Money Launderer Vinnik to France

Russian Embassy is unhappy about Greece again ruling to extradite the alleged $4 billion Bitcoin launderer Alexander Vinnik to France

After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

News After BottlePay’s shutdown announcement last week, two more European cryptocurrency firms have shut down because of the upcoming Anti-Money Laundering (AML) rules in the European Union. Online crypto gaming platform ChopCoin and mining pool Simplecoin both announced that they are shutting dow..

Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

News The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published by FINMA on Dec. 10 — the regulator war..

EU Won’t Let Stablecoins Enter Market Until Risks Are Addressed

News No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the C..

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