In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from…
Key Takeaways A UN report revealed that North Korean entities linked to the Lazarus Group laundered $147.5 million stolen from HTX via Tornado Cash; The report highlighted 97 North Korean cyberattacks from 2017…
Blockchain analytics company Elliptic said that its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored with researchers from…
In a significant development, Keonne Rodriguez and William Lonergan Hill, founders and CEO of the privacy-focused Bitcoin wallet and mixer, Samourai Wallet, have been arrested and charged with money laundering and operating an…
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Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018….
#GOV #LAUNDERING #BITCOIN #Morgan #Turns #Bullish source
Manta Network (MANTA), a blockchain project aiming to expand its reach in the Asian market, has found itself entangled in a controversy surrounding allegations of money laundering following its recent listing on the…
Key Takeaways The EBA extends Anti-Money Laundering guidelines to include European crypto companies. Updated guidelines help CASPs assess and mitigate risks related to financial crimes. EU’s comprehensive regulatory frameworks, ToFR and MiCA, are…
#Binance #Case #Study #Cryptocurrency #Money #Laundering #Changpeng #Zhao #Bitcoin source
#Hated #Crypto #YouTuber #Accused #Money #Laundering.. source
United States prosecutors arrested three people for allegedly stealing $10 million from financial institutions and laundering the stolen funds using cryptocurrency exchanges. The individuals could each get up to over 80 years in…
#NFT #Money #Laundering #FACT #FICTION #Deep #Dive source
This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. With all the scrutiny on megabank JPMorgan’s relationship…
Dirty money is pouring into the crypto industry at an alarming rate, according to a new study. More than a quarter (28 percent) of crypto firms have reported a rise in the number…
Google Cloud has rolled out AI service revolutionizing how financial institutions tackle money laundering detection. In an unprecedented move, Google Cloud has rolled out its AI-based service dubbed “Anti Money Laundering AI” (AMLAI)…