Money Laundering

Crime

US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams

Daniel PalmerDec 18, 2020

Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.

Crime

Over 13% of Bitcoin Crime Proceeds Laundered Through ‘Privacy Wallets’: Elliptic

Tanzeel AkhtarDec 9, 2020

The number of crypto criminals using so-called privacy wallets to help hide their identities is on the rise, according to analytics firm Elliptic.

Crime

Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M

Sebastian SinclairJan 13, 2021

The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.

Money Laundering

Payza Founders Sentenced in $250M Money Laundering Case

Danny NelsonNov 13, 2020

Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.

Money Laundering

US Charges 6 With Laundering Mexican Drug Cartel Cash Using Crypto and Casinos

Sebastian SinclairOct 16, 2020

The U.S. Department of Justice charged the six individuals with alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years.

Money Laundering

Money Laundering

Authorities Arrest 20 Suspected of Ties to Russian Rapper’s Alleged Money Laundering Syndicate

Danny Nelson

Authorities accuse QQAAZZ of mounting a laundering-as-a-service operation for the criminal underworld.

Crime

New Zealand Man Charged With Money Laundering via Crypto and Luxury Cars

Sebastian Sinclair

As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.

Podcasts

The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering

Nathaniel Whittemore

The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services.

Money Laundering

US Moves to Seize $400M From Convicted OneCoin Money Launderer

Paddy Baker

The U.S. Department of Justice wants an attorney to hand over the massive sum he helped launder for the OneCoin scheme.

Binance

Binance Credited With Helping Take Down Ukraine Crypto Laundering Group

Danny Nelson

Binance began pouring more resources into its data analysis and laundering detection capabilities earlier this year.

Terrorism

US Prosecutors Seize Bitcoin Allegedly Tied to Al Qaeda, ISIS, Hamas

Nikhilesh De

The U.S. Department of Justice is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism.

Money Laundering

Interactive Brokers to Pay $38M in Settlement Over AML Lapses

Jaspreet Kalra

Publicly traded brokerage firm Interactive Brokers has agreed to pay multi-million dollar penalties to the SEC, Finra and CFTC for failure to flag suspicious transactions and lapses in AML compliance.