Wednesday, April 17, 2024
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Germany’s Bitcoin Group tackles money laundering attempts

Germany’s Bitcoin Group is implementing improvements to its internal control system following BaFin’s directive to its subsidiary futurum bank to address deficiencies in anti-money laundering and counter-terrorist financing measures. Germany’s Bitcoin Group is under scrutiny by the financial regulator BaFin, which has highlighted significant shortcomings in its subsidiary Futurum Bank’s anti-money

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Bitcoin Group (ADE) Is Addressing ‘Serious Deficits’ in Anti-Money Laundering Measures Flagged by BaFin

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Blockchain developers must pull crypto out of its money laundering peril

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A recent landmark report from Elliptic revealed an eye-popping $7 billion in illicit crypto assets has been laundered through cross-chain services. What does that actually mean? Essentially,

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Binance’s CZ pleads guilty to violating anti-money laundering requirements—WSJ

Binance founder Changpeng "CZ" Zhao has agreed to step down as CEO of the crypto exchange as the U.S. Department of Justice (DOJ) prepares to announce that it's secured a $4.3 billion settlement with the company.According to The Wall Street Journal, CZ intends to plead guilty to several charges levied

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Ukraine completes new crypto training with OSCE to combat money laundering

With the growing use of crypto in Ukraine, there is a ‘pressing need’ for effective investigations, OSCE officials say. Ukrainian officials have completed the second training organized by the Organization for Security and Co-operation in Europe (OSCE) on crypto investigation in a bid to enhance its fight against money laundering. In a

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Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering

Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering incident. Previously Zhemin Guo and Chengwen Tu,

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Taiwanese officials confiscate $320m in nation’s biggest crypto money laundering operation

Taiwanese authorities have arrested an individual suspected of laundering a record $320 million through digital assets, marking the largest case of crypto-related money laundering in the country’s history. Taiwan has witnessed its largest crypto-related money laundering case to date, with the arrest of an individual suspected of laundering 10.4 billion Taiwanese

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Australian police seize $50m in crypto money laundering scheme

The Australian Federal Police (AFP) has accused Changjiang Currency Exchange of a money laundering scheme. In a press release, the AFP said the operation, codenamed Ironside, resulted from a three-year investigation into the activities of the currency exchange business. Changjiang Currency Exchange operated from multiple locations across Sydney and Melbourne. The company

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