Home Tags Money Laundering

Tag: Money Laundering

$800 Bitcoin Buys $10,000 Cash on Dark Web, Turn-Key Money Laundering

News Security researchers have identified a new trend of lucrative and illicit Bitcoin (BTC) to cash conversions in their analysis of dozens of dark web marketplaces and forums. Financial scammers are selling cold, hard cash for only 10 to 12 cents on the dollar to buyers willing to provide a prep..

Crypto, Cash and Drugs: Crypto Use Grows as Drug Trade Digitalizes

Analysis From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently ex..

UN Official Bashes Crypto: Echoes Concerns of President Trump

Pressure continues to mount against cryptocurrencies. In an interview with the Australian Broadcasting Corporation, a leading official of the United Nations, Neil Walsh, pushed anti-crypto rhetoric, alleging that these digital assets can be used in criminal activity.Crypto is “Another Layer to Cr..

UN Official: Cryptocurrency Makes Criminals Harder to Catch

News Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money la..

Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case

News A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case. The defendants had filed to set aside an interim preservation order that was issued by the Britis..

CoinGecko Joins AMLT Network to Combat Exchange Fraud, Scams, Hacks

News Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm, as well as provide users with a means to report scams and hacks. ..

CipherTrace: Wild West Days for Crypto Money Laundering Ending

This week, blockchain investigator firm CipherTrace released its Q2 2019 anti-money laundering report. The company’s latest high-level analysis comes as many things in the cryptoeconomy are changing — like the new FATF rules and Facebook’s planned stablecoin debut — while others aren’t changing at ..

Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes

Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this is a report that Jeffrey Epstein was apparently using his bank accounts to fund sex trafficking and possibly other ..

Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes Ne..

Goldman Sachs Arrests Render Mnuchin Bitcoin Comments Useless

Goldman Sachs vice president and known Bitcoin skeptic Richard Gnodde is among 17 senior executives who could face ten years’ in prison for money laundering. Vice President Could Face 10 Years In Jail According to a press release from Malaysia’s attorney general August 9, Gnodde is now wanted in c..

Get in touch

343FansLike
6,895FollowersFollow
187FollowersFollow
1,567SubscribersSubscribe