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.

News
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 ...
FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram
Kollen Post
2020-04-01T21:36:00+01:00
4297
News
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 attorn...
Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer
Samuel Haig
2020-03-25T12:12:00+00:00
3340
News
Canada’s financial regulator has announced that it will soon implement new anti-money laundering laws including stringent reporting requirements for crypto.
Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul
Samuel Haig
2020-03-19T11:56:00+00:00
3880
News
Two Canadian nationals will spend 24 months in a U.S. federal prison for stealing 23.2 Bitcoins in a scam executed on Twitter.
Two Canadians Sentenced to Prison Time in US for Bitcoin Theft
Samuel Haig
2020-03-18T12:34:00+00:00
3981
News
Two Chinese nationals acting for North Korean used ‘peel chains’ and doctored KYC photos to help launder more than $100 million in stolen cryptocurrency.
Revealed: How North Korea Laundered $100 Million of Stolen Crypto
Samuel Haig
2020-03-13T05:25:00+00:00
6663
News
A Washington state man has been charged with money laundering after selling Bitcoin to undercover agents posing as human traffickers.
LocalBitcoins Seller Charged After Undercover 'Human Trafficking' Sting
Andrew Fenton
2020-03-12T03:15:00+00:00
8138
News
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.
UK Adds Further Regulation to Already-Strict 5AMLD Guidelines
Benjamin Pirus
2020-03-06T21:38:00+00:00
2392
News
Reginald Fowler has pleaded not guilty to a fresh charge of wire fraud for his alleged operation of shadow banking company Crypto Capital.
Reginald Fowler Pleads Not Guilty to New Crypto Capital Charges
Samuel Haig
2020-03-06T07:18:00+00:00
1425

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