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Money Laundering

(FCA)
Finance
Regulations
Coinbase's CBPL Fined $4.5M by UK Regulator for Lapses in Onboarding Controls
Despite restrictions in place, CBPL onboarded 13,416 high-risk customers for e-money services, the Financial Conduct Authority said.
(FCA)
By Camomile Shumba
Jul 25, 2024 at 11:40 a.m. UTC
Jul 25, 2024
RegulationsFCACoinbaseUKAnti-Money LaunderingMoney LaunderingFines
The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
Policy
Regulations
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
The legislation would set up a federal group to assess crypto in terrorism and illicit finance and make recommendations for heading it off, but the bill isn't expected to clea...
The U.S. House of Representatives passed a narrow bill to address crypto use in illicit finance. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jul 22, 2024 at 9:52 p.m. UTC
Jul 22, 2024
RegulationsHouse of RepresentativesHouse Financial Service CommitteeLegislationMoney LaunderingTerrorismSenate
Chainalysis find conventional money launderers' footprints in crypto. (Unsplash)
Finance
Chainalysis
Traditional Money Launderers Appear to Be Using Crypto, Chainalysis Says
The crypto tracing company's latest report shines a light on potential money laundering.
Chainalysis find conventional money launderers' footprints in crypto. (Unsplash)
By Danny Nelson
Jul 12, 2024 at 3:31 p.m. UTC
Jul 12, 2024
ChainalysisMoney Laundering
Tigran Gambaryan, Binance's head of crime compliance, is being held in Nigeria. (Shutterstock/Consensus)
Policy
Regulations
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
The first Securities and Exchange Commission witness has been cross-examined and the money laundering trial adjourned till July 5.
Tigran Gambaryan, Binance's head of crime compliance, is being held in Nigeria. (Shutterstock/Consensus)
By Camomile Shumba
Jul 2, 2024 at 3:38 p.m. UTC
Jul 2, 2024
RegulationsCryptoBinanceNigeriaTigran GambaryanMoney LaunderingCourt Cases
(Shutterstock)
Policy
Money laundering
British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March
(Shutterstock)
By Jamie Crawley
May 24, 2024 at 3:39 p.m. UTC
May 24, 2024
Money LaunderingFraudCrime
Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)
Policy
Regulations
Binance Money Laundering Trial in Nigeria Pushed to June 20 Due to Executive’s Illness
Binance's head of financial crimes compliance Tigran Gambaryan is seriously ill, his lawyers said.
Tigran Gambaryan, Binance's head of crime compliance, is one of two executives detained in Nigeria. (Shutterstock/Consensus)
By Camomile Shumba
May 24, 2024 at 8:53 a.m. UTC
May 24, 2024
RegulationsCryptoBinanceTaxMoney Laundering
Free Alex Pertsev poster spotted outside the courthouse (Jack Schickler/CoinDesk)
Policy
Analysis
Crypto Community Voices Outrage at Tornado Cash Developer Verdict
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.
Free Alex Pertsev poster spotted outside the courthouse (Jack Schickler/CoinDesk)
By Camomile Shumba
May 16, 2024 at 3:26 p.m. UTC
May 16, 2024
AnalysisAlexey PertsevTornado CashNetherlandsMoney Laundering
Free Alex Pertsev poster spotted outside the courthouse (Jack Schickler/CoinDesk)
Policy
Regulations
Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict
Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.
Free Alex Pertsev poster spotted outside the courthouse (Jack Schickler/CoinDesk)
By Camomile Shumba
May 16, 2024 at 8:48 a.m. UTC
May 16, 2024
RegulationsTornado CashAlexey PertsevMoney LaunderingCourt Cases
Democrats in the House of Representatives say they'll push a bill to target money laundering in crypto mixing services. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering
New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance.
Democrats in the House of Representatives say they'll push a bill to target money laundering in crypto mixing services. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
May 7, 2024 at 5:23 p.m. UTC
May 7, 2024
RegulationsMoney LaunderingMixersTornado CashSamourai WalletLegislationHouse Financial Services Committee
Elliptic co-founder Tom Robinson (center) is one of the authors of the AI research paper (CoinDesk archives)
Technology
Elliptic
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
Elliptic co-founder Tom Robinson (center) is one of the authors of the AI research paper (CoinDesk archives)
By Ian Allison
May 1, 2024 at 1:00 p.m. UTC
May 1, 2024
EllipticAIMoney LaunderingCrime