Browsing the "Money Laundering" Tag

New York State Sees First Conviction for Crypto Money Laundering

| Yogita Khatri

A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State's first conviction for crypto money laundering.

The Hidden Effects of Crypto Money Laundering Rules

| Noelle Acheson

CoinDesk's Noelle Acheson looks at anti-money laundering regulation’s increasing focus on cryptocurrencies, and at the opportunity this presents.

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

| Yogita Khatri

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

Alleged BTC-e Operator Alexander Vinnik Seeks Extradition to Russia

| Yogita Khatri

Alleged bitcoin launderer Alexander Vinnik, who is wanted by several countries, has filed in Greece for extradition to Russia.

WSJ’s ShapeShift Exposé Overstated Money Laundering by $6 Million, Analysis Says

| Leigh Cuen

Blockchain analytics firms say money laundering accusations against ShapeShift don't match up.

Malta Teams With Crypto Security Firm to Manage Financial Crimes Risk

| Daniel Palmer

Malta is turning to crypto sleuthing startup CipherTrace for technical help addressing the risk of financial crimes in its digital asset industry.

Crypto Exchange WEX Linked to Iranian Ransomware Operators, Says PwC

| Yogita Khatri

Cryptocurrency exchange WEX, formerly called BTC-e, may have been used to launder illicit gains from the SamSam ransomware, according to PwC.

Crypto Money Laundering Reports Spiked in Japan Last Year, Police Say

| Yogita Khatri

Reports of suspicious cryptocurrency transactions in Japan soared last year, but were a tiny fraction of the overall total.

4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

| Yogita Khatri

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

| Yogita Khatri

Reported suspicious crypto transactions soared in the first 10 months of 2018, but fiat is still vastly more popular in money laundering.