Materials by tag Money Laundering

Feb 09, 2020 at 11:24
Police Arrest Cryptocurrency Ponzi Fraudsters Who Cheated Baseball Athletes
More digital currency snags as two notorious Arizona Men that operated a $1,000,000 USD cryptocurrency Ponzi business are under arrest for promoting illegal activities.  Tokens are gradually becoming a common practice in the sports sector globally, and since we have had bad players in this nascent field, this scam doesn’t come as a surprise to many.
Feb 06, 2020 at 13:34
Imprisoned OneCoin Crypto Launderer Faults the US Court’s Lawsuit Against Him
American attorney Mark Scott, who used to work for one of the biggest digital currency Ponzi schemes, OneCoin, is now trying to get an exoneration just three months after his conviction by a U.S court of illicit operations, money laundering and scams.
Jan 31, 2020 at 14:02
South Korea to Allow Regulatory Sandboxes Related to Blockchain-based Overseas Remittances
The South Korean Ministry of Science, ICT and Communications intends to examine whether or not to allow regulatory sandboxes related to blockchain and distributed ledger technology (DLT)-based overseas remittances after the National Assembly Act (Special Act) on the reporting and use of certain financial transaction information passes the National Assembly.
Jan 19, 2020 at 11:01
Are Blockchain and Bitcoin New Tools for Criminals?
Cryptocurrencies and blockchain technology have peculiarities that, in the absence of adequate supervision, mean they are likely to become instruments harmful to the economic and monetary system as a whole, and risky for individual users, and be an additional useful tool for criminal organizations.
Dec 05, 2019 at 09:43
Limitations of Bitcoin and Anti-Money Laundering Rules in Europe
The use of Bitcoin and other cryptocurrencies is still difficult to control and requires scrupulous assessment for any reports to Italian authorities. For now, cryptocurrencies for transactions subject to traceability requirements can be used within the limits of cash. Let's give some light to the recent anti-money laundering (AML) regulations.