Money laundering

The district court of Oslo has ruled in favor of the country’s financial market giant Nordea Bank. Given the possible emergence of issues concerning money laundering and other illegal businesses, the bank has a legitimate right to close the account of the cryptocurrency exchange Bitmynt AS.

The Central Bank of Iran (CBI) has put a ban on the country’s banks from offering services to all cryptocurrency exchange firms due to money laundering concerns in the country.

MEPs with the majority of 574 votes to 13 votes, with 60 abstentions on Thursday, the European parliament has reached an agreement to impose closer regulation of cryptocurrencies.

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.

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.

FinCEN and Greek police have revealed new details about the case of $4 billion money laundering via BTC-e exchange. BTC-e appeared to be connected with 300,000 BTC stolen from Mt. Gox.

Bitcoin exchanges, miners, and cryptocurrency-payment processors, operating in the United States are required to comply with federal Anti-Money Laundering (AML) laws.

A Chinese Congresswoman’s  suggestion that the Central bank of China regulate Bitcoin trading pushed CoinIdol.com to talk about the problem of Bitcoin AML with experts in different countries around the world.

In a recent interview, head of research at Banco de Desenvolvimento de Minas Gerais in Paris advised the world to beware of Bitcoin.