Money laundering

This marks the world's largest-ever cryptocurrency seizure by law enforcement.

In an act of support for decentralized privacy, the Solana Policy Institute has donated $500,000 to the legal defense fund of the Tornado Cash developers.

The scrutiny that US regulators are imposing on cryptocurrency companies seems to be becoming a trend. Kraken is the latest company to run into trouble. The exchange had to pay a $1.25 fine for alleged illegal activity.

The former US Treasury Criminal Investigator, Greg Monahan has joined the world's largest cryptocurrency exchange Binance to oversee the company's global money laundering operations.

For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.

After the news that fraudsters use Binance to launder stolen cryptocurrency funds, the exchange decided to take action to stop such activity. They have established a strong cybersecurity alliance.

Ukrainian cryptocurrency market is under-regulated and therefore attractive for those wishing to take advantage of it for criminal purposes. Recently, law enforcers exposed a gang that has laundered about $42 million using cryptocurrency.

Canada has recognized cryptocurrency handling companies such as exchanges and payment service providers, as legitimate ‘Money Services Businesses (MSB)’, as the money laundering and terrorism financing act (PCMLTFA) amendment started acting.

The beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet the new requirements. This article will tell you how to win this battle.