Money Laundering

Japan

Crypto Money Laundering Reports Spiked in Japan Last Year, Police Say

Reports of suspicious cryptocurrency transactions in Japan soared last year, but were a tiny fraction of the overall total.

Policy & regulation  ·  28 February 2019
Exchanges

4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering and protect users.

Markets  ·  28 January 2019
Exchanges

Suspect Crypto Transactions Rise in Japan But Still Just 1.7% of Total

Reported suspicious crypto transactions soared in the first 10 months of 2018, but fiat is still vastly more popular in money laundering.

Policy & regulation  ·  6 December 2018
Exchanges

FinCEN Blasts Iran’s ‘Malign’ Use of Crypto to Bypass Economic Sanctions

U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.

Policy & regulation  ·  12 October 2018
Exchanges

Nearly $1 Billion Stolen In Crypto Hacks So Far This Year: Research

The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen in the first nine months of 2018, research suggests.

Policy & regulation  ·  11 October 2018
Crime

WSJ Investigation Alleges $88 Million Laundered Through 46 Crypto Exchanges

The Wall Street Journal claimed Friday that 46 crypto exchanges were used to launder nearly $90 million – with $9 million going through ShapeShift.

Policy & regulation  ·  28 September 2018
Crime

21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.

Policy & regulation  ·  20 August 2018
Bitcoin

Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering

A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.

Policy & regulation  ·  2 August 2018
Exchanges

There’s a Bigger Scam Than Anything in Crypto, It’s Called KYC/AML

Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?

Business  ·  27 July 2018
Bitcoin

Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations

Twelve Russian officials indicted for hacking into Democratic National Committee email accounts allegedly used cryptocurrencies, the DOJ announced.

Policy & regulation  ·  13 July 2018
Money Laundering

LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Year in Prison

A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison.

Markets  ·  10 July 2018
Regulation

US Senators Discuss Crypto Threat to Domestic Elections

DarkTower director Scott Dueweke said cryptocurrencies are "tailor made" for foreign powers hoping to influence American elections.

Policy & regulation  ·  26 June 2018
Exchanges

Japan’s Financial Watchdog Orders AML Shake-Up at 6 Crypto Exchanges

Japan's Financial Services Agency has issued business improvement orders to six licensed crypto exchanges operating in the country.

Policy & regulation  ·  22 June 2018
Regulation

Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges

The Financial Action Task Force reportedly aims to develop compulsory rules for the world's cryptocurrency exchanges.

Policy & regulation  ·  12 June 2018
Coinbase

Coinbase-Cryptsy Lawsuit Will Head to Jury Trial

Coinbase has lost another appeal in a case brought by former customers of the defunct exchange Cryptsy, and the case will now proceed to a jury trial.

Markets  ·  23 April 2018