Money Laundering

Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386M) for breaching…

FBI Arrests Russian Rapper For Crypto Money Laundering, Cites Damning Instagram

United States authorities have arrested a Russian national under allegations of money laundering — using his Instagram that promoted his…

Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer

The United States government has stood by its evidence presented against alleged OneCoin money launderer and former attorney Mark Scott.…

Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML)…

Two Canadians Sentenced to Prison Time in US for Bitcoin Theft

Two Canadian nationals have been sentenced to two years in a United States federal prison for stealing 23.2 Bitcoin (BTC)…

Revealed: How North Korea Laundered $100 Million of Stolen Crypto

Blockchain forensics firm CipherTrace has published a detailed analysis of how two Chinese nationals. associated with North Korea. laundered tens…

LocalBitcoins Seller Charged After Undercover ‘Human Trafficking’ Sting

A Washington state resident has been charged with money laundering after selling Bitcoin for $140,000 in cash to undercover agents.…

US Homeland Security Charges LocalBitcoins Seller on Money Laundering Charges

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security…

UK Adds Further Regulation to Already-Strict 5AMLD Guidelines

To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and…

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