Cryptocurrency Analysis and News Portal
The U.S. Department of Justice charged the six individuals for alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years. Source
Read More
European, American and Australian law enforcement said Thursday they have arrested 20 suspected members of QQAAZZ, the shadowy criminal money-laundering organization whose sloppy bitcoin tumbling tactics led to the March arrest of Russian rapper Maksim Boiko.This is a developing story. Source
Read More
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds. Source
Read More
The unprecedented plunge of the shares of HSBC and Standard Chartered on the Hong Kong Stock Exchange has pushed the exchange to lead losses in the Asian region.Renowned international banks including the Hong Kong-based arms of HSBC Holding Plc (HKG: 0005), Standard Chartered Plc (HKG: 2888), and others have been
Read More
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services. The FinCEN Files are a leaked cache of suspicious activity reports filed by banks with the U.S .Financial Crimes Enforcement Network. The more than 2,000 files, representing
Read More
Shortly after reaching its all-time high, Nasdaq steps into the AML sector as it launched AI technology to detect money laundering.On the 16th of September, the Nasdaq Inc (NASDAQ: NDAQ) stock market recently unveiled plans to launch AI technology to detect fraudulent transactions. The Nasdaq’s new offering will help financial
Read MorePrivacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm.Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel the purported misconception
Read MoreThe rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report.A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth in DeFi in 2020 has created the potential for money laundering
Read More
After hackers stole $9.4 million from Zaif in 2018, its new owner Fisco has now sued Binance for facilitating money laundering.Japanese cryptocurrency exchange Fisco has sued Binance for facilitating money laundering through the 2018 Zaif hack. At the time, the stolen Bitcoins were worth $9.4 million. Today, the Bitcoins are
Read More
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime. Source
Read More