Latest News and Articles about Money Laundering
U.S. Secret Service Busts Garantex: $96B Crypto Exchange Linked to Crime
Secret Service Cracks Down on Alleged Money Laundering Crypto Exchange Garantex Did you know that a single crypto exchange can process over $96 billion in transactions while facilitating criminal activities? The U.S. Secret Service has initiated a major operation against Garantex, a Russian crypto exchange accused of being a hub for laundering dirty money, resulting […]
Read MoreJohn Khuu Gets 7+ Years for Bitcoin Laundering: Dark Web Drug Sales
John Khuu Sentenced to Over 7 Years for Bitcoin Money Laundering Scheme in California John Khuu sentenced for crypto money laundering. Pleaded guilty to conspiracy, money laundering, and unlicensed money transfer. Used Bitcoin to sell fake medications and MDMA on dark web. In the shadowy corners of the digital world, a California man named John […]
Read MoreEthereum’s Vulnerability to Money Laundering: Urgent Need for Enhanced Risk Controls
Ethereum Money Laundering Through Exchanges: The Need for Heightened Risk Control The rise of Ethereum as a preferred vehicle for money laundering through cryptocurrency exchanges is a stark reminder of the dark side of blockchain’s potential. While we celebrate the promise of decentralization and privacy, we must also address the growing threat of illegal activities […]
Read MoreAUSTRAC Ramps Up Crackdown on 13 Crypto and Remittance Providers
AUSTRAC Intensifies Crackdown on Crypto and Remittance Providers AUSTRAC, Australia’s financial watchdog, has taken decisive action against 13 remittance and cryptocurrency providers, signaling a major regulatory crackdown aimed at curbing money laundering and financial crimes. With over 50 more providers under review, the agency is not holding back. AUSTRAC targets 13 crypto and remittance providers […]
Read MoreBeijing Official Gets 11 Years for Bitcoin Money Laundering: Crypto’s Dark Side Exposed
Beijing Official Sentenced to 11 Years for Bitcoin Money Laundering: A Stark Reminder of Crypto’s Dark Side Can Bitcoin, the champion of financial freedom, also be its own worst enemy? Hao Gang, once a trusted figure in the Beijing Financial Bureau, now faces over a decade behind bars for his role in a Bitcoin money […]
Read MoreNew Jersey Man Convicted for 6-Year Fentanyl and Crypto Money Laundering Scheme
New Jersey Man Convicted in Fentanyl Trafficking and Crypto Money Laundering Scheme In a chilling reminder of the opioid crisis’s reach, William Panzera, a New Jersey resident, has been convicted for orchestrating a six-year drug trafficking and money laundering operation using both wire transfers and cryptocurrencies. William Panzera convicted for drug trafficking and money laundering. […]
Read MoreFrance Investigates Binance for Tax Fraud and Money Laundering, Adding to Global Legal Woes
France Probes Binance Over Alleged Fraud and Money Laundering France has launched a judicial investigation into Binance, the world’s largest cryptocurrency exchange by trading volume, over allegations of tax fraud and money laundering from 2019 to 2024. This adds to the exchange’s legal woes, despite a hefty $4.3 billion settlement with the US Department of […]
Read MoreTornado Cash Co-Founder Fights Money Laundering Charges: A Crypto Privacy Battle
Tornado Cash Co-Founder Challenges Money-Laundering Prosecution: A Battle for Privacy in Crypto Roman Storm, co-founder of the privacy-focused protocol Tornado Cash, is facing serious charges including conspiracy to commit money laundering, operating an unlicensed money-transmitting business, and sanction evasion. His case has sparked a significant debate over the balance between privacy rights and regulatory oversight […]
Read MoreUK’s Operation Destabilize Exposes Tether’s Role in Global Money Laundering
Operation Destabilize: How Criminals Used Tether to Launder Cash The UK’s National Crime Agency (NCA) has unveiled a massive operation targeting Russian-linked money-laundering networks, highlighting the extensive use of Tether in facilitating criminal activities. Operation Destabilize has led to significant arrests and seizures, raising concerns about Tether’s future amidst growing regulatory scrutiny. Operation Destabilize targets […]
Read MoreU.S. DOJ Charges Russians for Operating Crypto Mixers Linked to North Korea
U.S. DOJ Charges Russian Nationals in Cryptocurrency Money Laundering Case Involving Crypto Mixers The U.S. Department of Justice has charged three Russian nationals for operating crypto mixers that allegedly laundered money for cybercriminals, including North Korean hackers. Crypto mixers are services that mix different people’s cryptocurrencies together to obscure the trail of transactions, enhancing user […]
Read MoreUS DOJ Targets Blender.io and Sinbad.io Founders in Major Crypto Money Laundering Crackdown
US DOJ Indicts Founders of Blender.io and Sinbad.io Amid Crypto Money Laundering Crackdown In a decisive move to curb cryptocurrency-related crime, the U.S. Department of Justice (DOJ) has indicted the founders of two cryptocurrency mixing services, Blender.io and Sinbad.io, for their alleged involvement in money laundering. This action underscores the ongoing tension between the need […]
Read MoreBank of Italy Labels Bitcoin P2P Services as “Crime-as-a-Service”: Legitimate Concerns or Overreach?
Bank of Italy’s Warning on Bitcoin P2P Services: A Genuine Concern or Regulatory Overreach? The Bank of Italy has caused a stir in the cryptocurrency community by branding Bitcoin peer-to-peer (P2P) services as “crime-as-a-service.” This bold claim arises amidst Bitcoin’s surging global adoption, with the institution pointing out the risks associated with these services, particularly […]
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