Laundering
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Regulation
UK sharpens focus on crypto regulation in latest anti-money laundering report
The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto. The…
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Regulation
Europe tightens crypto regulations with new anti-money laundering laws
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money…
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Regulation
Senator Warren wants to extend anti-money laundering rules to crypto miners and validators
US Senator Elizabeth Warren said any new crypto regulation, including the newly proposed regulatory framework for the stablecoin market, must…
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Regulation
Nigeria Orders Incarceration of Binance Executive Following Money Laundering and Tax Evasion Charges: Report
A Nigerian federal high court has ordered a senior Binance executive to be remanded for over a week at a…
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Regulation
Binance Executive Detained in Nigeria Appears in Court Over Alleged Money Laundering and Tax Evasion: Report
Binance’s head of financial crime compliance reportedly appeared at a Nigerian court hearing on Thursday following charges of money laundering…
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Scams
London Resident Holding $2,500,000,000 in Bitcoin Convicted on Money Laundering Charges: Report
A woman who converted Bitcoin (BTC) into luxury houses and jewelry has reportedly been found guilty of engaging in a…
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NFT
NFT Providers May Need Registration to Comply With UK Money Laundering Rules
NFT providers may need to be registered with the Financial Conduct Authority, the Treasury said in a consultation on money…
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Scams
Man Behind $4,500,000,000 Bitfinex Hack Turns Into Federal Witness in Money Laundering Trial
The infamous hacker who orchestrated the massive 2016 exploit of the crypto exchange Bitfinex has reportedly turned into a government…
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Scams
Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis
Cybercriminals are turning to cross-chain bridges to move illicit funds, according to market intelligence platform Chainalysis. Cross-chain bridges enable users…
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Scams
OneCoin lawyer sentenced to 10 years in prison over laundering $400 million
In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on…
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