News about MONEY LAUNDERING

News about Money Laundering

Bitcoin and Money Laundering

https://preview.redd.it/nf13bzxgcwj71.jpg?width=500&format=pjpg&auto=webp&s=9b498d4e67a116259578401629c4b613967c5ddd submitted by /u/King_crypt [link] [comments]

Bitcoin ATM operators set up association to counter money laundering

“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said....

“NFTs are for money laundering” is the new “Cryptocurrency is for illicit dark web transactions” - You’ve become everything you hate.

It’s true that the use for NFTs is, as of now, largely confined to novelties. JPEGs of which an identical copy is available for free being bought for hundreds of thousands of dollars really does seem silly. But this attitude is just as dismissive as...

“EU will make Bitcoin traceable and ban anonymous crypto wallets in anti-money laundering drive”

submitted by /u/vectrox [link] [comments]

Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges

Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining...

Binance Hires U.S. Cybercrime Expert for Money Laundering Role

submitted by /u/QuizureII [link] [comments]

Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering

The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen...

Are NFTs being used for money laundering? Yes they are, claims Mr. Whale

NFTs could be a vehicle to legitimize ill-gotten gains for the crypto elite. The nonfungible token (NFT) space has been a hive of activity over the past month or so, b...

NFTs Are A Money Laundering Scheme For Rich People, Says Crypto Analyst

submitted by /u/edscag69 [link] [comments]

India Reportedly Investigating Binance in Chinese Money Laundering Case

Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India i...

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different lo...

Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push

Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit tr...

Robinhood Crypto Arm to Pay $30 Million Fine After Anti-Money Laundering Probe

submitted by /u/Loose-Imagination781 [link] [comments]

Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions

Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been us...

Statement: Crypto exchanges to register with anti-money laundering Organization in South Korea

submitted by /u/rollingincrypto [link] [comments]

OK Group to help China combat money laundering with blockchain

OK Group will start working with Chinese authorities to combat money laundering, using distributed ledger technology. OK Group, a blockchain technology firm formerly b...

EU eyes new money laundering regulator and stricter crypto reporting requirements

The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators. The European Union is look...

Robinhood Crypto to Pay $15M Fine Over Security, Anti-Money Laundering Issues

submitted by /u/sggts04 [link] [comments]

UK Police’s Money Laundering Probe Seizes $158M in Crypto

The Metropolitan Police have not specified the types of cryptocurrencies seized during the operation. ‎‏‏‎‏‏‎‏‏‎Police in the UK have reportedly seized over £114 million ($158 million) worth of cryptocurr...

BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks

The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financ...

Treasury nominee will target crypto money laundering

The US Treasury Department’s nominee Brian Nelson appeared for his senate confirmation hearing yesterday The Biden administration’s nominee for the head of terrorism and financial intelligence Brian Nelson noted in his confirmation hearin...

My new share to friends who say "I heard NFTs are just for money laundering"

submitted by /u/halebass [link] [comments]

India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case

India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis o...

China cracks down on crypto-related money laundering

More than 1,100 people arrested over phone and internet-based scams China continues its anti-cryptocurrency policies with further investigations and arrests Following extensive investigations and surveillance of suspected scammers, police in China ha...

CZ about KYC and money laundering (very intressting)

submitted by /u/svkr__ [link] [comments]

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