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FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram

News United States authorities have arrested a Russian national under allegations of money laundering — using his Instagram that promoted his rap career as evidence against him. Per court filings unsealed on March 30, an FBI investigator alleged that Maksim Boiko laundered money using cryptocurren..

Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer

News The United States government has stood by its evidence presented against alleged OneCoin money launderer and former attorney Mark Scott. In a memorandum filed on March 24, the government responded to Scott’s appeal that the prosecution provided insufficient evidence that the funds he handled ..

Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

News The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies. In a departmental report published o..

Two Canadians Sentenced to Prison Time in US for Bitcoin Theft

News Two Canadian nationals have been sentenced to two years in a United States federal prison for stealing 23.2 Bitcoin (BTC) through a scam on Twitter in 2017. According to the U.S. Department of Justice, on March 17, 23-year-old Karanjit Khatar and 24-year-olds Jagroop Khatkar were formally sen..

Revealed: How North Korea Laundered $100 Million of Stolen Crypto

News Blockchain forensics firm CipherTrace has published a detailed analysis of how two Chinese nationals. associated with North Korea. laundered tens of millions of dollars worth of stolen cryptocurrency. The pair are believed to be associated with the shadowy Lazarus Group, which was behind the ..

LocalBitcoins Seller Charged After Undercover ‘Human Trafficking’ Sting

News A Washington state resident has been charged with money laundering after selling Bitcoin for $140,000 in cash to undercover agents. Bothell’s Kenneth Warren Rhule, 26, met with agents from Homeland Security Investigations on numerous occasions between April to December 2018, often in Seattle-..

UK Adds Further Regulation to Already-Strict 5AMLD Guidelines

News To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures. The new Money Laundering Regulations, or MLRs position the U.K.’s Financial Conduct Authority (FCA) as th..

Reginald Fowler Pleads Not Guilty to New Crypto Capital Charges

News Reginald Fowler has pleaded not guilty to a new charge of wire fraud during a March 6 hearing at the United States District Court for the Southern District of New York. On Feb. 20, the U.S. government filed a superseding indictment against Fowler, adding wire fraud to existing charges of bank..

Crypto Exchange Digitex Removes KYC to Protect User Data

News While some global cryptocurrency exchanges move to expand Know Your Customer (KYC) rules, some major rivals claim that crypto platforms don’t need KYC at all. Digitex, a Seychelles-based crypto derivatives exchange, will start removing KYC identification this week in response to a major user ..

US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

News The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against ..

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