Browsing the "Money Laundering" Tag

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.

Tehran, Iran

FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions

| Wolfie Zhao

U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.

Nearly $1 Billion Stolen In Crypto Hacks So Far This Year: Research

| Yogita Khatri

The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen in the first nine months of 2018, research suggests.

WSJ Investigation Alleges $88 Million Laundered Through 46 Crypto Exchanges

| Nikhilesh De

The Wall Street Journal claimed Friday that 46 crypto exchanges were used to launder nearly $90 million – with $9 million going through ShapeShift.

21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

| Wolfie Zhao

A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.

Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering

| Wolfie Zhao

A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.

There’s a Bigger Scam Than Anything in Crypto, It’s Called KYC/AML

| Edan Yago

Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?

Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations

| Nikhilesh De

Twelve Russian officials indicted for hacking into Democratic National Committee email accounts allegedly used cryptocurrencies, the DOJ announced.

LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Year in Prison

| Muyao Shen

A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison.

Congress

US Senators Discuss Crypto Threat to Domestic Elections

| Nikhilesh De and Madeline Meng Shi

DarkTower director Scott Dueweke said cryptocurrencies are "tailor made" for foreign powers hoping to influence American elections.