The United Kingdom police reportedly stated that the seizure was the “largest of its kind” in the nation’s history, with a sentencing date set for May.
Money Laundering News
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Despite U.S. sanctions, North Korea’s Lazarus Group has resumed laundering stolen crypto funds through Tornado Cash.
2509The crowdfunding for the Tornado Cash legal battle was canceled by GoFundMe, citing a breach of terms of service. All contributions made to the fundraiser were returned to the respective donors.
5190Crypto laundering has decreased overall, although sophisticated crypto criminals such as the Lazarus Group are shifting from mixers to cross-chain bridges.
1381A detailed report on money laundering in the United States highlights that cash remains king for criminals looking to launder illicit funds.
2248Jian Wen attempted to purchase a house worth $30 million using Bitcoin from an alleged fraudster.
12778China imposed a blanket ban on crypto use in 2021, but due to technological advancements and the decentralized nature of crypto, mainland users have found a way to access the crypto market.
8849Razzlekhan, the reported title of the movie, was the “comedic rapper” name of Heather Morgan, who helped launder more than $3 billion worth of Bitcoin.
4058A court convicted Mark Scott of two felony counts related to bank fraud and money laundering in November 2019.
8533The "gray" casino industry is taking advantage of crypto and other modern technologies to advance illegal goals.
5079At the International Conference on Cyber Security, U.S. law enforcement officials said generative AI tools can lower the technical barrier of entry for people looking to commit such cybercrimes.
2516Illegally obtained stablecoin may sell at a premium or a discount, depending on how it is being laundered.
3331Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan.
8654Mastercard announced it will integrate a new AI tool to detect and prevent fraud routed through cryptocurrency exchanges.
3263In a recent U.S. Senate hearing, a cybersecurity professional openly endorsed Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act.
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