Money Laundering

Crime

Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

Brian Haney, a former narcotics trafficker, pled guilty to charges that he laundered $19 million in bitcoin on Silk Road.

Policy & regulation  ·  8 November 2019
Hacking

North Korea Set Up a Blockchain Firm to Launder Crypto to Cash: UN

North Korea set up a Hong Kong blockchain firm in a bid to to launder stolen cryptocurrency and avoid sanctions, the UN has reportedly said.

Policy & regulation  ·  6 November 2019
Regulation

Thailand to Bring Cryptocurrency Under Anti-Money Laundering Rules

Thailand's anti-money laundering regulator is planning to amend the country's laws to mandate reporting by cryptocurrency exchanges.

Policy & regulation  ·  5 August 2019
Japan

Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report

Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.

Policy & regulation  ·  18 July 2019
Europe

UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime

The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.

Policy & regulation  ·  15 July 2019
Europe

Malta Needs to Up Its AML Game As Crypto Sector Grows, Says EU

Malta should increase its anti-money laundering policing to match the growth in financial and crypto services, according to the EU.

Policy & regulation  ·  5 June 2019
Japan

Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit

Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting.

Policy & regulation  ·  23 May 2019
Crime

EU Authorities Shut Down Bitcoin Transaction Mixer

A bitcoin transaction mixer has been seized and shut down by authorities in the European Union.

Policy & regulation  ·  22 May 2019
New York

New York State Sees First Conviction for Crypto Money Laundering

A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State's first conviction for crypto money laundering.

Policy & regulation  ·  24 April 2019
Europe

The Hidden Effects of Crypto Money Laundering Rules

CoinDesk's Noelle Acheson looks at anti-money laundering regulation’s increasing focus on cryptocurrencies, and at the opportunity this presents.

Policy & regulation  ·  20 April 2019
Regulation

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

Policy & regulation  ·  19 April 2019
Europe

Alleged BTC-e Operator Alexander Vinnik Seeks Extradition to Russia

Alleged bitcoin launderer Alexander Vinnik, who is wanted by several countries, has filed in Greece for extradition to Russia.

Policy & regulation  ·  21 March 2019
Bitcoin

WSJ’s ShapeShift Exposé Overstated Money Laundering by $6 Million, Analysis Says

Blockchain analytics firms say money laundering accusations against ShapeShift don't match up.

Policy & regulation  ·  20 March 2019
Europe

Malta Teams With Crypto Security Firm to Manage Financial Crimes Risk

Malta is turning to crypto sleuthing startup CipherTrace for technical help addressing the risk of financial crimes in its digital asset industry.

Policy & regulation  ·  12 March 2019
Exchanges

Crypto Exchange WEX Linked to Iranian Ransomware Operators, Says PwC

Cryptocurrency exchange WEX, formerly called BTC-e, may have been used to launder illicit gains from the SamSam ransomware, according to PwC.

Policy & regulation  ·  5 March 2019