Money Laundering

Singapore Expands Digital Asset Regulation To Include Token Custody And Fund Transfers
KuCoin Witnesses $1B In Withdrawals As Exchange Is Accused Of Money Laundering: 'SEC Trying To Protect Us From Making Money?' Questions Trader
Cybercriminals Are Employing New Tactics To Launder Money, Warns Report
KuCoin Witnesses $1B In Withdrawals As Exchange Is Accused Of Money Laundering: 'SEC Trying To Protect Us From Making Money?' Questions Trader
Cybercriminals Are Employing New Tactics To Launder Money, Warns Report
US Arrests Key Figure Behind Defunct BTC-e Exchange In Latvia On Money Laundering Charges Totaling $4B
From Casinos To 'Slaves': UN Report Details Tether's Role In Organized Crime

Money Laundering Recent News

Binance's $4B Crypto Debacle With DoJ Could Result In CEO Facing Charges: Report
The U.S.
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
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
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
Could Crypto Firms To Play Jurisdiction 'Roulette' Under EU's MiCA Regulation?
The European Union's regulatory body expressed concerns over the potential for global cryptocurrency firms to exploit regulatory discrepancies among member states.
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
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
OneCoin Mastermind To Spend 20 Years In Prison For $4B Crypto Fraud
Karl Sebastian Greenwood, co-founder of the infamous OneCoin cryptocurrency, has been sentenced to 20 years in prison for his role in orchestrating one of the largest cryptocurrency fraud schemes in history.
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
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 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.
Hackers From North Korea Stole Over $180M In Crypto Within 6 Months: Report
Singapore's National Intelligence Service (NIS) is reporting that North Korean hackers have illicitly acquired over $180 million in cryptocurrency in the first half of 2023 alo
Singapore Police Seize Over $700M In Cryptocurrency Tied To Money Laundering Probe
Singapore's law enforcement detained 10 individuals, predominantly holding Chinese passports, on allegations of money laundering, capturing assets valued around S$1 billion ($735 million), which encompassed cryptocurrencies.<
Lawsuit Targets VCs Sequoia, SoftBank And Others For 'Aiding & Abetting' FTX Sham
Several venture capital firms — including Menlo Park, California-based Sequoia Capital, Singapore's Temasek Holdings, Japan's SoftBank Group of Japan, and Hong Kong's Sino Global Capital — face a class action lawsuit due to their alleged involvement
UN Task Force Rallies Again For Crypto 'Travel Rule' To Stem Money Laundering, Terrorism Financing
The United Nations Financial Action Task Force (FATF) has once again called on countries to implement the “travel rule” in order to combat money laundering and terrorism financing associated with cryptocurrencies.
Is Bitcoin Becoming An Election Issue? 2 Presidential Candidates Chime In
In a bid to promote financial freedom and innovation, U.S.
Crypto Ban Not The Answer: International Monetary Fund Urges Effective Regulation
As global regulatory uncertainty continues to cloud the crypto industry, the International Monetary Fund (IMF) has suggested that completely banning digital assets may not be a sustainable or efficient strategy to address the risks they pres
FTX Founder Faces Select Charges As US Department Of Justice Narrows Case
The U.S.
FTX Founder Sam Bankman-Fried Gets Green Light For Legal Review In Bahamas Court
The legal proceedings against Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT) crypto exchange, in the U.S.
FTX Mastermind Sam Bankman-Fried Might Evade Justice For Years
The trial against Sam Bankman-Fried, the co-founder of FTX (CRYPTO: FTT), might face considerable delays if additional charges are brought against him, according to statements from his legal representatives.
Global Watchdog Warns Qatar About Deficiencies Investigating Money Laundering
Despite substantial progress in the combat against money laundering and terrorism financing, Qatar is being urged to improve its criminal justice response, especially in relation to terrorist financing, said the Financial Action Task Force (FATF). The Gulf state, known for its wealth and primarily expatriate workforce, has low domestic crime rates.
Binance Shuts Down Privacy Coins: Is This The End Of Cryptocurrency Anonymity?
Cryptocurrency exchange Binance (CRYPTO: BNB) will suspend the trading of privacy-focused cryptocurrencies. The firm's decision is in response to the demands of financial institutions and regulatory bodies in France, Poland, and Italy.