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PortuguêsThe trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Oct 19. However, despite reported links to the 300,000 BTC…
Continue ReadingEuro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax…
Continue ReadingThe Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential…
Continue ReadingLaw enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency. On Oct. 15, Europol announced a successful operation across 16 countries…
Continue ReadingEuropean, American and Australian law enforcement said Thursday they have arrested 20 suspected members of QQAAZZ, the shadowy criminal money-laundering organization whose sloppy bitcoin tumbling tactics led to the March…
Continue ReadingMauricio Toro, Colombian congressman of the Alianza Verde party, has authored a draft bill meant to regulate the crypto industry within his country. During a recent interview with Confidential Colombia,…
Continue ReadingVenezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency…
Continue ReadingThe U.S. Financial Crimes Enforcement Network (FinCEN) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure. During the virtual 2020 ACAMS anti-money laundering Conference in…
Continue ReadingRossen Iossifov, a 53-year-old Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange, has been convicted of operating a multi-million dollar money laundering ring as part of a transnational…
Continue ReadingThe modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many…
Continue ReadingNexo co-founder Antoni Trenchev told Cointelegraph that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to the leak, the world’s leading financial institutions…
Continue ReadingWith the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.…
Continue ReadingThis article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! This week, a released…
Continue ReadingReports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem…
Continue ReadingThe massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services. The FinCEN Files are a leaked…
Continue ReadingLeaked documents from the U.S. Financial Crimes Enforcement Network (FinCEN) imply that the agency’s revamped efforts to identify illicit transactions and money laundering may not be sufficient. But on this…
Continue ReadingPrivacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm. Perkins Coie, a Seattle-based international law firm, published a report devoted…
Continue ReadingThe rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report. A joint research paper by global management consulting firm…
Continue ReadingA new report by the Financial Action Task Force, or FATF, details a series of red flags that can help identify illicit activity involving cryptocurrencies. Among them are a general…
Continue ReadingA new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the…
Continue ReadingDr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward…
Continue ReadingProsecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingResearchers have uncovered evidence that over $1 million worth of Bitcoin (BTC) from addresses linked to Ryuk ransomware attacks was moved through a wallet on Binance. According to a report…
Continue ReadingEvery Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The political machinations of Eastern Europe have dominated recent…
Continue ReadingIn the case of United Kingdom-based Control-Finance and its AWOL operator Benjamin Reynolds, the United States Commodity Futures Trading Commission asked the court to order Reynolds pay nearly half a…
Continue ReadingThe operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe. According to an announcement from the U.S.…
Continue ReadingOn Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingBinance, the world’s largest cryptocurrency exchange, is collaborating with law enforcement authorities in Ukraine to take down some large-scale money laundering schemes. Working with the exchange, Ukraine’s cyber police identified…
Continue ReadingThe U.S. Department of Justice is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism. “Al-Qaeda and affiliated terrorist groups have been…
Continue ReadingA major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins. Russia’s Federal Financial Monitoring Service, a federal…
Continue ReadingKonstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is…
Continue ReadingDespite Russia recently passing its first major legislation devoted to cryptocurrencies, the country’s central bank continues to treat the industry as a criminal area. Sergei Shvetsov, the first deputy governor…
Continue ReadingStudy: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’ A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of…
Continue ReadingKais Mohammad, a.k.a. “Superman29,” has agreed to plead guilty to federal charges he ran an unlicensed Bitcoin ATM network that laundered up to $25 million, including funds that originated in…
Continue ReadingLatvian state police said they had dismantled an organized cybercrime ring, seizing over 110,000 euros ($126,926) in cryptocurrencies from the alleged perpetrators. Disclosure The leader in blockchain news, CoinDesk is…
Continue ReadingElena Tonoyan, the COO at LocalBitcoins, explains how the oldest peer-to-peer Bitcoin exchange has been stepping up the fight against criminal activities on the platform. As of 2019, LocalBitcoins has…
Continue ReadingThe main thrust of the bulletin, dated May 1, is that criminals and foreign adversaries of the U.S. “likely” use hedge funds, private equity and other investment vehicles to circumvent…
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