Money laundering

Mar 25, 2020 at 09:13
KYC and AML Compliance for Crypto Exchanges. Guide 2020
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.
Mar 13, 2020 at 11:12
Homeland Security Agents Lure LocalBitcoin Trader Into Arrest for Money Laundering
Washington DC resident Kenneth Warren Rhule is facing charges of money laundering for trading more than $140,000 on Local Bitcoin. The 26-year-old got into Homeland security agents’ radar and was tricked to exchange his cryptocurrency into cash in the hands of undercover Homeland security agents.
Feb 24, 2020 at 10:40
Is Bitcoin and Cryptocurrency Still Used in Terror Financing?
Since the birth of Bitcoin, cryptocurrencies have been criticized for supporting illegal activities including terror operations, drug trading, human trafficking, money laundering, sex, frauds, monetizing ransomware, purchasing illicit products, and many others. People know how that accusation can damage the reputation and legal status of cryptocurrencies.
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.
Jul 30, 2019 at 12:34
US Files Complaint Against Defunct Cryptocurrency Exchange
US prosecutors recently filed an official complaint against presently-nonoperational cryptocurrency exchange BTC-e and alleged cybercriminal Alexander Vinnik, as per a document filed on Thursday last week in California. Alexander also purportedly holds accounts connected with other major illegal activities, such as the hack of another nonoperational exchange Mt. Gox.
Apr 17, 2019 at 11:12
Italy Lost €10 Billion in Cryptocurrency via Cybercrime
Cybercrime, such as online fraud, industrial undercover activities, and the use of cryptocurrency for money laundering, etc. in Italy, is the rapidly increasing malevolent business with the highest margins of diffusion in the future, according to the Global Risk Report 2019 by the World Economic Forum. The country incurred a loss of around €10 billion in 2018.
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 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.
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.
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