News
The New Zealand police have recovered $90 million in assets reportedly belonging to the alleged $4 billion launderer Alexander Vinnik.
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Money Laundering News
Every government in the world is afraid of the relative anonymity of virtual money. The explanation of that is that a government’s financial organs can’t find a viable path to minimize the risks related to the financing of terrorism and cryptocurrency money laundering. But the truth is that Bitcoin money laundering is not widespread. For instance, less than 1% of transactions between 2013 and 2016 were with cryptocurrencies of illegal origin while 2-5% of worldwide GDP is laundered annually. Due to the character of a public blockchain and the need to transfer virtual money to fiat, Bitcoins can indeed be controlled much easier. Therefore, cryptocurrency money laundering is a really complex process where even absolute anonymity is not a key to success.
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A third transaction with a transaction fee worth thousands of Ether has confirmed as experts suggest foul play again.
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A second transaction has been confirmed on the Ethereum blockchain with a $2.6 million gas fee, confusing the crypto community.
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According to Bithumb, the Ether that paid a $2.5 million transaction fee ended up in its coffers.
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An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering.
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Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017.
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As FATF’s purported deadline for the travel rule is just a few weeks away, crypto regulation expert Siân Jones argues that its adoption could take years.
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The European parliament has published its first study into crypto regulation since 2018, identifying stablecoins. token-based fundraising and mining among major challenges.
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The FBI arrest a Russian rapper living in the U.S. for money laundering using, among evidence, Instagram pictures including huge wads of cash, both dollars and rubles.
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The U.S. government has rejected the claim of alleged OneCoin money launderer Mark Scott that it failed to produce sufficient evidence against the former attorney.
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Canada’s financial regulator has announced that it will soon implement new anti-money laundering laws including stringent reporting requirements for crypto.
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Two Canadian nationals will spend 24 months in a U.S. federal prison for stealing 23.2 Bitcoins in a scam executed on Twitter.
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Two Chinese nationals acting for North Korean used ‘peel chains’ and doctored KYC photos to help launder more than $100 million in stolen cryptocurrency.
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A Washington state man has been charged with money laundering after selling Bitcoin to undercover agents posing as human traffickers.
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A director of one of the U.K.'s regulating bodies described new crypto Anti-Money Laundering overwatch added to the EU’s already stringent 5AMLD expectations.
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