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Money laundering
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Money Laundering
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Retail FX
The $229 Million Money-Laundering Scheme That Brought Down Prospero Markets
ASIC targets Prospero Markets for legal action due to money-laundering claims.
The court hearing for Prospero's liquidation is set for March 2024 after ASIC's move.
Friday, 01/03/2024 | 06:54 GMT
by
Damian Chmiel
CryptoCurrency
US Charges Belarusian-Cypriot National for Operating Unlicensed Crypto Exchange
BTC-e allegedly facilitated global criminal activities through Bitcoin transactions.
The platform's servers in the US were reportedly central to the cybercrime operation.
Thursday, 01/02/2024 | 20:13 GMT
by
Jared Kirui
CryptoCurrency
OneCoin’s Lawyer Gets a Decade in Jail for Laundering $400 Million
Mark Scott was convicted in 2019 for bank fraud and money laundering.
He used a labyrinth of offshore companies to launder the ill-gotten proceeds.
Friday, 26/01/2024 | 07:00 GMT
by
Arnab Shome
CryptoCurrency
Europe Sets New Rules for Crypto Assets to Combat Money Laundering
EBA addresses risks in the growing sector.
New guidelines require crypto companies to implement AML/CTF measures by the end of 2024.
Wednesday, 17/01/2024 | 08:26 GMT
by
Damian Chmiel
CryptoCurrency
Brazil Police Arrested Suspect for Using Crypto to Launder $2.6 Billion
The proceeds originated from drug trafficking and other criminal activities.
The arrest was part of a larger investigation started in 2021.
Monday, 15/01/2024 | 09:58 GMT
by
Arnab Shome
Retail FX
CySEC-Regulated TCR in €220 Million Money Laundering Storm
The Cypriot firm TCR faces a French probe for suspicious transactions, according to Le Monde.
Also, local authorities are investigating TCR International's potential money laundering links.
Thursday, 28/12/2023 | 18:02 GMT
by
Damian Chmiel
CryptoCurrency
"Pig Butchering" Crypto Scams: 4 Americans Charged for Laundering $80M
Scammers in such scams gain victims' trust before pitching fraudulent investment schemes.
Two of the defendants have now been arrested and are facing up to 20 years in jail.
Friday, 15/12/2023 | 05:40 GMT
by
Arnab Shome
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Trending
UBS – Another Tax Fraud Trial on the Horizon
France's top court brings UBS back into the dock.
UBS was found guilty of offering illegal banking services and money laundering in 2019.
The court upheld the guilty verdict but struck down penalties, ordering a new trial.
Wednesday, 22/11/2023 | 08:57 GMT
by
Louis Parks
FinTech
30 Swiss Banks Flunk FINMA's Money Laundering Risk Analysis Review
The Swiss financial watchdog found "a lack of various structural elements."
On Thursday, the supervisory authority published guidance on the topic.
Thursday, 24/08/2023 | 22:17 GMT
by
Solomon Oladipupo
CryptoCurrency
Breaking: New York Resident Admits to $4.5B Bitfinex Hack
Lichtenstein took a plea in Washington, D.C., today (Thursday).
Lichtenstein and his wife face charges of conspiracy to defraud the U.S.
Thursday, 03/08/2023 | 19:46 GMT
by
Jared Kirui
Regulation
‘A Lighter Regulatory Touch’? FCA’s Enforcement Cases Plummet in FY 22/23
The number of cases that the FCA opened dropped from 190 to 100 in FY22/23.
The British watchdog said its enforcement approach remains 'unchanged'.
Monday, 10/07/2023 | 18:11 GMT
by
Solomon Oladipupo
CryptoCurrency
Binance France under Probe over ‘Illegal’ Crypto Service, Money Laundering: Report
The investigation has been ongoing since February 2022, Le Monde reported.
Binance dismissed the report as "not news," says inspection 'the norm'.
Friday, 16/06/2023 | 19:09 GMT
by
Solomon Oladipupo
CryptoCurrency
US Charges Bitzlato Founder with Processing $700M in Crypto for Criminals
Anatoly Legkodymov was arrested on Tuesday night in Miami.
The DOJ accused Legkodymov of involvement with Hydra Marketplace Criminals.
Wednesday, 18/01/2023 | 21:03 GMT
by
Solomon Oladipupo
Institutional FX
FCA Slaps £5.8M Fine on Ghana International Bank for AML Lapses
Despite the lapses, the FCA did not find any evidence of money laundering.
GIB voluntarily suspended taking new overseas bank clients amid the discovery of the lapses.
Thursday, 23/06/2022 | 11:13 GMT
by
Arnab Shome
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Retail FX
Breaking: Major Israeli FX Affiliate Understood to Be Arrested
Unconfirmed reports of an arrest in Herzilya
The allegations appear to be money laundering
Wednesday, 11/05/2022 | 09:33 GMT
by
Matti Williamson
Institutional FX
Credit Suisse AML Lawsuit Will Determine Future of Swiss Banking Rules
The bank allegedly laundered the money of a Bulgarian drug trafficker.
It is the first criminal case against any Swiss bank.
Tuesday, 08/02/2022 | 09:55 GMT
by
Arnab Shome
News
Cryptocurrency Money Laundering Climbs 30% in 2021
The role of DeFi in illegal transactions has increased.
In 2021, cyber criminals laundered over $8.6 billion worth of digital currencies.
Thursday, 27/01/2022 | 07:13 GMT
by
Bilal Jafar
Institutional FX
NatWest Faces £265 Million Fine for FCA’s Money Laundering Charges
The bank already pled guilty to the charges brought against it.
“Without the Bank… the money could not be effectively laundered,” the Judge stated.
Tuesday, 14/12/2021 | 07:18 GMT
by
Arnab Shome
Institutional FX
NatWest Pleads Guilty to FCA’s Money Laundering Charges
The regulatory charges did not name any individual.
Thursday, 07/10/2021 | 12:20 GMT
by
Arnab Shome
Retail FX
FCA Warns UK Fintechs on Afghanistan-Related Financial Crime Threat
The companies have to actively monitor all outbound transactions to Afghanistan and report any suspicious activities.
Tuesday, 31/08/2021 | 10:41 GMT
by
Arnab Shome
News
Helix Operator Pleads Guilty for Laundering $300 Million in Bitcoin
The darknet Bitcoin mixer service operated between 2014 to 2017.
Thursday, 19/08/2021 | 08:02 GMT
by
Arnab Shome
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News
US Indicts Dark Web Drug Dealer for Laundering $137M in Bitcoin
Earlier, he forfeited 4,000 Bitcoins obtained from illegal operations.
Monday, 16/08/2021 | 07:45 GMT
by
Arnab Shome
News
Appeal Denied: BTC-e's Alexander Vinnik Faces 5 Years in French Prison
Several charges against the former operator of BTC-e were dropped, but the sentence remains the same.
Monday, 28/06/2021 | 06:27 GMT
by
Rachel McIntosh
News
Chainalysis Raises $100 Million in a Funding Round Led by Coatue
The blockchain analysis company received a valuation of $4.2 billion.
Friday, 25/06/2021 | 07:21 GMT
by
Bilal Jafar
Institutional FX
National Australia Bank Faces Money Laundering Probe
Share prices of the bank dipped after the news of the investigation went public.
Monday, 07/06/2021 | 07:56 GMT
by
Arnab Shome
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