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Money Laundering

Money laundering is a financial crime involving the concealment of illicitly obtained money to make it appear lawful. It often uses layered transactions, offshore accounts, and shell companies to obscure the source of funds. This practice undermines financial systems, facilitates organized crime, and is a focus of global regulatory and law enforcement efforts. Authorities combat it through anti-money laundering (AML) laws, reporting requirements, and international cooperation.

Binance Rejects Report That Links Exchange To Secret $850 Million Iran Military Funding Network, Says It's 'Damagingly Flawed' (UPDATED)
Binance Rejects Report That Links Exchange To Secret $850 Million Iran Military Funding Network, Says It's 'Damagingly Flawed' (UPDATED)
Trump Tightens Non-Citizen Bank Access In Sweeping Anti-Money Laundering Order— But Stops Short Of Collecting Citizenship Data
Trump Tightens Non-Citizen Bank Access In Sweeping Anti-Money Laundering Order— But Stops Short Of Collecting Citizenship Data
Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job
Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job
Trump Tightens Non-Citizen Bank Access In Sweeping Anti-Money Laundering Order— But Stops Short Of Collecting Citizenship Data
Trump Tightens Non-Citizen Bank Access In Sweeping Anti-Money Laundering Order— But Stops Short Of Collecting Citizenship Data
Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job
Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job
NetEase Games Executives Arrested In $139M Bribery, Money Laundering Scandal: Report (UPDATED)
NetEase Games Executives Arrested In $139M Bribery, Money Laundering Scandal: Report (UPDATED)
TD Bank Pays $3B Fine After Pleading Guilty In Money Laundering Case, 'Making Its Services Convenient For Criminals'
TD Bank Pays $3B Fine After Pleading Guilty In Money Laundering Case, 'Making Its Services Convenient For Criminals'

Money Laundering Recent News

'Funny How They Blame Crypto,' Says Tesla Bull Ross Gerber After Report Indicates Citigroup Was Favorite Bank Of Money Launderers: We Know The 'Glaring Truth'
'Funny How They Blame Crypto,' Says Tesla Bull Ross Gerber After Report Indicates Citigroup Was Favorite Bank Of Money Launderers: We Know The 'Glaring Truth'
Influential investor and CEO of Gerber Kawasaki Wealth, Ross Gerber, has expressed skepticism over the blame often placed on cryptocurrencies in the face of regulatory concerns. What Happened: On Monday, Gerber took to X, formerly Twitter, to share his views on the ongoing debate around cryptocurrency regulation.
Alleged Owner Of Darknet 'Incognito Market' Arrested In New York, Faces Life In Prison For Running Multimillion-Dollar Narcotics Operation
Alleged Owner Of Darknet 'Incognito Market' Arrested In New York, Faces Life In Prison For Running Multimillion-Dollar Narcotics Operation
The alleged owner of the darknet narcotics marketplace Incognito Market, Rui-Siang Lin, has been arrested and charged in the U.S. for running a multimillion-dollar illegal narcotics operation.
Kim Jong Un's North Korea Used American IT Scammer To Fund Nuclear Weapons Program: DOJ
Kim Jong Un's North Korea Used American IT Scammer To Fund Nuclear Weapons Program: DOJ
The U.S. Justice Department has accused an American woman of being involved in a scheme that allegedly helped Kim Jong Un's North Korea fund its nuclear weapons program. The scheme involved more than 300 U.S. companies hiring foreign nationals with North Korean connections for remote IT work, the department said.
Singapore Expands Digital Asset Regulation To Include Token Custody And Fund Transfers
Singapore Expands Digital Asset Regulation To Include Token Custody And Fund Transfers
In a move to further regulate the digital asset industry, Singapore has broadened its regulatory framework to encompass the custody of tokens and additional firms involved in fund transfers.
KuCoin Witnesses $1B In Withdrawals As Exchange Is Accused Of Money Laundering: 'SEC Trying To Protect Us From Making Money?' Questions Trader
KuCoin Witnesses $1B In Withdrawals As Exchange Is Accused Of Money Laundering: 'SEC Trying To Protect Us From Making Money?' Questions Trader
KuCoin withdrew $1 billion in crypto in 24 hours and lost 20% of assets, accused of money laundering. This raises concerns about exchange regulations.
Cybercriminals Are Employing New Tactics To Launder Money, Warns Report
Cybercriminals Are Employing New Tactics To Launder Money, Warns Report
Cybercriminals are increasingly using cross-chain bridges to launder money, with one report from Chainalysis highlighting a significant surge in such activities.
From Casinos To 'Slaves': UN Report Details Tether's Role In Organized Crime
From Casinos To 'Slaves': UN Report Details Tether's Role In Organized Crime
Tether (CRYPTO: USDT) plays a critical role in facilitating a "parallel banking system" utilized by organized crime groups.
Smart Contract Security Nightmare: $12M Disappears, Nirvana Finance Attacker Pleads Guilty
Smart Contract Security Nightmare: $12M Disappears, Nirvana Finance Attacker Pleads Guilty
In a landmark case for the cryptocurrency industry, Damian Williams, the U.S. Attorney for the Southern District of New York, has announced the guilty plea of Shakeeb Ahmed, who hacked DeFi protocol Nirvana Finance and one other cryptocurrency exchange.
JPMorgan CEO Calls For A Shut Down Of Bitcoin And The Crypto Industry: Here's How Social Media Mocked Him
JPMorgan CEO Calls For A Shut Down Of Bitcoin And The Crypto Industry: Here's How Social Media Mocked Him
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon reiterated on Wednesday his long-standing opposition to Bitcoin (CRYPTO: BTC) and other cryptocurrencies, going so far as to suggest the
How Did A Trio Pull Off A $10M Bank Fraud Using Crypto?
How Did A Trio Pull Off A $10M Bank Fraud Using Crypto?
In a major crackdown, the FBI arrested three persons for allegedly orchestrating a complex $10 million bank fraud scheme.
Taiwan Aims To Offset Crypto-Related Money Laundering Schemes With New Bill
Taiwan Aims To Offset Crypto-Related Money Laundering Schemes With New Bill
The Electronic Investigation Team of the Criminal Bureau in Taiwan has nabbed an individual suspected of laundering a record $320 million through digital assets, making it the largest single case of crypto-related money laundering in Taiwan.
Crypto Space Gets A Boost With European Banking Authority And ESMA's Proposed Regulations
Crypto Space Gets A Boost With European Banking Authority And ESMA's Proposed Regulations
The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have jointly rolled out a consultation paper, outlining draft guidelines on the suitability assessment of members of the management body of issuers of asset-referenced tokens (ARTs), commonly known as stablecoins, and
Bitfinex, Zodia Custody Hope To Set New Standards For Institutional Crypto Trading
Bitfinex, Zodia Custody Hope To Set New Standards For Institutional Crypto Trading
Crypto exchange Bitfinex is partnering with digital asset custodian Zodia Custody. What Happened: The agreement will allow Zodia's clientele to execute trades on Bitfinex while ensuring their assets are maintained via Interchange, an off-exchange settlement solution.
Taiwan Regulators Unveil 'Guiding Principles' To Regulate Digital Assets, Crypto
Taiwan Regulators Unveil 'Guiding Principles' To Regulate Digital Assets, Crypto
In a bid to streamline the burgeoning digital currency landscape, Taiwan's Financial Supervisory Commission (FSC) has rolled out a comprehensive set of guidelines.
Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
Crypto Exchange Founder Gets One Of History's Longest Jail Sentences — 11,196 Years Behind Bars
Crypto Exchange Founder Gets One Of History's Longest Jail Sentences — 11,196 Years Behind Bars
A Turkish court sentenced Faruk Fatih Ozer, the former head of the Thodex cryptocurrency exchange, to a staggering 11,196 years behind bars.
Tornado Cash Founders Indicted For $1B Crypto Laundering — 1 Arrest, 1 At Large
Tornado Cash Founders Indicted For $1B Crypto Laundering — 1 Arrest, 1 At Large
The founders of Tornado Cash, Roman Storm and Roman Semenov, have been indicted for allegedly operating a cryptocurrency mixer that laundered more than $1 billion, including funds from the notorious
Bitget Cracks Down On Fraud And Money Laundering With New KYC Requirements
Bitget Cracks Down On Fraud And Money Laundering With New KYC Requirements
Bitget will soon require new users to undergo level 1 KYC (Know Your Customer) verification. Starting Sep. 1, users will have to provide an identification document, such as a passport, and undergoing facial recognition. Current users are given until Oct. 1 to fulfill this requirement.
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