Tag: money laundering

Aug 22 2021

Former Manchester United Player Anderson Accused Of Crypto Laundering

Anderson has been accused of laundering crypto through different countries. Former Manchester United player and Golden Boy Award winner, Anderson Luís de Abreu Oliveira, commonly known as Anderson, is subject to a current investigation by the Rio Grande do Sul State Public Prosecutor’s office on the use of various cryptocurrencies for fraud and money laundering. Anderson is a...

Aug 20 2021

Top Non-Fungible Tokens (NFTs) Updates | August Week 2

Non-fungible tokens (NFTs) continue to rise in popularity. To keep readers abreast of the recent developments concerning NFTs, Altcoin Buzz has compiled the latest updates from last week. The non-fungible tokens (NFTs) space was very interesting last week with a series of activities. From some big-money auction sales to increasing integration and adoption by new industries, updates concerning NFTs seem never-ending....

Aug 19 2021

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Jul 15 2021

Crypto Scam: Hong Kong Authorities Bust HK$1.2 Billion Crypto Laundering, Arrests Four

In a recent bust of a money laundering case involving cryptocurrencies, Hong Kong authorities have arrested four people. Reportedly, the suspects have laundered a massive HK$1.2 billion ($150 million) funneled through bank accounts in Singapore over the last 15 months. Taking note of this, the Hong Kong Customs had launched operation "Coin Breaker" last week The post Crypto Scam: Hong Kong Authorities Bust...

Jul 13 2021

Just-In: Korean Regulators Extend AML Guidelines for Foreign Crypto Exchanges

Jul 13 2021 Published at Coingape under tags  aml btcbrl btcbusd btcdai btceur

South Korean regulators continue to impose strict regulatory policies around the crypto space. Financial Services Commission (FSC), the top regulatory body in the country is now targeting foreign crypto exchanges using the national Korean Fiat. The chief regulator said any foreign exchange serving Korean customers must register with the country's anti-money laundering body. The comments The post Just-In: Korean Regulators Extend AML Guidelines...

Jun 28 2021

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.

Jun 25 2021

Mar 13 2021

John McAfee and Associate Face Federal Charges

In Manhattan. federal prosecutors have indicted John McAfee and an associate, Jimmy Watson, for fraud and money laundering crimes. John McAfee is the founder of the McAfee antivirus software company while Jimmy Gale Watson Jr. served as the executive adviser of the McAfee crypto team. Charges Against the McAfee Team On the 5th of March, the United States Attorney for the Southern District...

Feb 01 2021

US Man Pleads Guilty to Money Laundering Charges Involving $13M in Bitcoin

Feb 01 2021 Published at CoinDesk under tags  bitcoin california crime money laundering news

During a 28-month period, Hugo Mejia illegally exchanged millions of dollars- worth of bitcoin while attempting to hide his activity.

Jan 26 2021

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.

Jan 13 2021

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

Jan 13 2021 Published at CoinDesk under tags  bulgaria crime exchanges money laundering news

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

Dec 18 2020

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

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

Dec 09 2020

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

Dec 09 2020 Published at CoinDesk under tags  coinflash crime elliptic money laundering news

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

Nov 13 2020

Payza Founders Sentenced in $250M Money Laundering Case

Nov 13 2020 Published at CoinDesk under tags  legal money laundering news payza

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

Nov 10 2020

Former Microsoft Employee Charged With First-Ever Bitcoin Tax Fraud in US

Nov 10 2020 Published at Crypto Briefing under tags  business money laundering taxes theft

A Ukrainian software engineer has been sentenced to nine years in prison after defrauding Microsoft of more than $10 million. Volodymyr Kvashuk transferred funds into Bitcoin as part of the elaborate ploy. Ex-Microsoft Employee Absconds With Millions Over a period of seven months during his time at Microsoft, Kvashuk stole millions of...

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