Money Laundering

Money Laundering

FBI Report on Laundering by Private Funds Cites OneCoin Fraud in All but Name

OneCoin, an infamous crypto fraud, makes an uncredited cameo in a leaked FBI intelligence bulletin on the money-laundering risks of investment funds.

Policy & regulation  ·  15 July 2020
Money Laundering

Spanish Police Accuse Illegal Drug Vendor of Laundering $3.3M Haul in Crypto

The National Police of Spain said vendors’ “purchase of virtual currency stands out.” Police arrested 33 suspects across two parallel raids.

News  ·  30 June 2020
Money Laundering

AML Bitcoin Founder Claims DC Lobbyist Jack Abramoff, US Government Are ‘Extorting’ Him

AML Bitcoin's Marcus Andrade claims he is being extorted by the U.S. government in a response to Thursday's charges by the Department of Justice and the Securities and Exchange Commission.

News  ·  26 June 2020
Bitcoin

Bitcoin ATM Growth May Be a Boon for Money Launderers

Crypto analytics company CipherTrace found bitcoin ATMs are increasingly being used to send funds to "high-risk exchanges" suspected of facilitating illicit activity.

Policy & regulation  ·  24 June 2020
Bitcoin

New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator

The bank funds are said to be linked to Russian Alexander Vinnik, who allegedly ran the defunct crypto exchange BTC-e.

Policy & regulation  ·  22 June 2020
Exchanges

Crypto Exchange Owner Admits Laundering $1.8M in Online Auctions Fraud

The owner of Romanian crypto exchange CoinFlux has admitted to laundering money in a fraudulent scheme involving fake eBay ads and a car wash.

News  ·  12 June 2020
Crime

Australian Woman Charged With Unlawfully Exchanging Over $3M in Crypto

The woman is believed to be involved in a crypto money-laundering syndicate, according to a report.

Policy & regulation  ·  15 May 2020
Crime

FBI Used Bitcoin Trail to Catch Russian Rapper Accused of Money Laundering

Rapper Maksim Boiko had claimed bundles of money he posed with in photos came from rental revenue and investments in bitcoin.

Policy & regulation  ·  3 April 2020
Bitcoin

US Homeland Security Charges LocalBitcoins Seller With Money Laundering

Homeland Security and Drug Enforcement Administration officials charged a LocalBitcoins user with laundering more than $140,000 in bitcoin.

News  ·  11 March 2020
Crime

Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

A "large-scale" money laundering organization is allegedly using cryptocurrency to wash the proceeds from drug sales, according to a DEA agent's complaint.

News  ·  20 February 2020
Money Laundering

Dutch Authorities Arrest 2 in Million-Euro Crypto Money Laundering Investigations

Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Service arrested two men Monday for laundering millions of euros in cryptocurrency.

News  ·  20 February 2020
Bitcoin

US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer

The arrest of Larry Harmon for an alleged connection to AlphaBay raises major questions: Do bitcoiners have a right to build privacy tech?

News  ·  13 February 2020
Crime

Ohio Resident Charged With Laundering $311M in Bitcoin for AlphaBay

Ohio resident Larry Dean Harmon, 36, has been charged with laundering more than $300 million in bitcoin for darknet marketplace AlphaBay.

News  ·  12 February 2020
Chainalysis

Better Regulation Could Curb Crypto Scams, Chainalysis Report Says

Chainalysis’ 2019 crime report found illicit activities accounted for roughly 1 percent of overall crypto transactions last year, and better enforcement of anti-money laundering and know-your-customer regulations could stamp out a large portion of that.

News  ·  29 January 2020
Japan

JPMorgan Blockchain Payments Network Eyes January Japan Launch

JPMorgan's Interbank Information Network will expand to Japan early next year, according to its executive director.

Business  ·  10 December 2019