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 New Zealand police have recovered $90 million in assets reportedly belonging to the alleged $4 billion launderer Alexander Vinnik.
NZ Authorities Seize $90M From Alleged Bitcoin Launderer Alexander Vinnik
Turner Wright
2020-06-22T09:09:00+01:00
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News
A third transaction with a transaction fee worth thousands of Ether has confirmed as experts suggest foul play again.
Third Ether Transaction With Huge Fee Suggests a New Player Has Joined the Party
Joshua Mapperson
2020-06-12T09:44:00+01:00
5651
News
A second transaction has been confirmed on the Ethereum blockchain with a $2.6 million gas fee, confusing the crypto community.
Experts Divided on Second Ether Transaction With $2.6M Fee
Joshua Mapperson
2020-06-11T09:34:00+01:00
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News
According to Bithumb, the Ether that paid a $2.5 million transaction fee ended up in its coffers.
Bithumb Shares Insights on That $2.6M ETH Transaction
Michael Kapilkov
2020-06-10T20:35:00+01:00
6047
News
An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering.
Simplified Blockchain Tech Is Helping Bring Banks out of the Stone Age
Michael Kapilkov
2020-06-10T19:03:00+01:00
2585
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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.
Australian Woman Arrested in ‘Cash for Bitcoin’ Money Laundering Sting
Jack Martin
2020-05-15T09:43:00+01:00
10652
News
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.
FATF’s Deadline for Travel Rule Is a Bit of a Myth, Says Siân Jones
Helen Partz
2020-05-12T16:28:00+01:00
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News
The European parliament has published its first study into crypto regulation since 2018, identifying stablecoins. token-based fundraising and mining among major...
EU Lawmakers Want to Create a New Regulator for Crypto 'Blind Spots'
Samuel Haig
2020-04-13T09:13:00+01:00
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