Materials by tag Money laundering

Apr 05, 2019 at 09:48
Mafias in Italy Use Bitcoin & Cryptos for Money Laundering
The rate of illegal activities including money laundering through Bitcoin (BTC), is alarming in Italy and throughout Europe at large. Crypto startup Eidoo, founded by Italians, which allows users to store, convert and spend digital currencies, selected an apartment in 2017 in a building structure that was sequestered for ndrangheta in Chiasso, Switzerland, just 0.4 kilometers from the Italian border.
Mar 24, 2019 at 15:54
San Marino Issues Blockchain and Crypto AML Decree
In an effort to prevent illegal activities that go with blockchain and crypto, Republic of San Marino has come up with a decree aiming at creating strong anti-money laundering regulation (AML) in relation to the distributed ledger technology (DLT), so as to standardize the technology, and further evaluate all potential scenarios in Italy.
Mar 17, 2019 at 15:28
Europe Fights Illegal Activities Associated with Crypto
Crypto currencies such as Bitcoin, Ether, Ripple and others, facilitate money laundering activities by 4% in Europe. In June 2018, the European Union (EU) created the 5th Anti-Money Laundering Directive (AML5) to tackle these illegal activities related to virtual currencies including funding terrorism.
Mar 01, 2019 at 10:29
Crypto Italy: OECD Takes Measures Against Laundering Money
OECD developed a set of anti-money laundering methods that covers manipulations with digital currencies as well as fiat currencies. Such measures include adequate verification of customers for transactions exceeding $1,000, sanctions for legal violations, and registering the subjects that provide crypto related services.
Feb 21, 2019 at 16:52
Ethereum Fees: $300k is Charged for Sending $14 ETH
Ethereum (ETH), the second bull cryptocurrency after Bitcoin, has a massive number of users but one of them is drawing out another mortgage following a charge of more than 2100 ETH in an attempt to send someone $14 worth of ETH. This fee is abnormal and appears as if it was a mistake, but the customer’s account is still active meaning that the possibilities of making such kind of a mistake is high.
May 30, 2018 at 15:06
Israeli Authorities to Issue a Draft Requiring Reporting of Crypto Activity
The major financial market regulator the Israel Money Laundering and Terror Financing Prohibition Authority has created a fintech draft which is aimed at helping to track and control suspicious cryptocurrency activity, according to a local news company’s post published yesterday, May 28.
May 24, 2018 at 17:23
How to Safeguard the Taxation of Crypto Trading and Comply with AML Policy
Nowadays, it is very important for traders to play according to the rules imposed by crypto market regulators. Given the taxation of digital currency revenue and strict anti-money laundering (AML) policy, one needs to do everything possible in order to safeguard their funds.
Apr 21, 2018 at 12:55
Citigroup Has Started Headhunting Bitcoin Pros to Join Its AML Group
Given the risks associated with money laundering, one of the largest companies on the American financial market, Citigroup, has decided to hire a couple of cryptocurrency-educated workers. Potential candidates possessing a so-called Bitcoin Professional Certification (BPC) are of greater preference.
Mar 15, 2018 at 17:38
Global Crypto AML Rules Enforcement Initiated by Japan to be Discussed at G20 Summit
It was reported on AtoZForex on March 14, 2018, that the Japanese government will initiate a discussion at the G20 annual summit in Buenos Aires on March 19-20 to develop a unified anti-money laundering (AML) plan for cryptocurrency markets.
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