Money Laundering

NetEase Games Executives Arrested In $139M Bribery, Money Laundering Scandal: Report (UPDATED)
TD Bank Pays $3B Fine After Pleading Guilty In Money Laundering Case, 'Making Its Services Convenient For Criminals'
FBI Arrests 2 People Allegedly Behind $230M Bitcoin Heist: Laundered Proceeds Were Spent On Globetrotting, High-End Wheels, And Designer Handbags
TD Bank Pays $3B Fine After Pleading Guilty In Money Laundering Case, 'Making Its Services Convenient For Criminals'
FBI Arrests 2 People Allegedly Behind $230M Bitcoin Heist: Laundered Proceeds Were Spent On Globetrotting, High-End Wheels, And Designer Handbags
Charles Schwab Shares Drop Over 4% After-Hours As TD Bank Cuts Stake Following $2.6B Anti-Money Laundering Fine Provision
'Funny How They Blame Crypto,' Says Tesla Bull Ross Gerber After Report Indicates Citigroup Was Favorite Bank Of Money Launderers: We Know The 'Glaring Truth'

Money Laundering Recent News

GOP Senators Slam Cannabis Banking Reform, 'Cartel Cash' And Oklahoma At Chinese Money Laundering Summit
Republican senators' concerns about cannabis banking reform echo those of Senate Minority Leader Mitch McConnell who regularly airs his opposition to the SAFER Banking Act.
Singapore Expands Digital Asset Regulation To Include Token Custody And Fund Transfers
In a move to further regulate the digital asset industry, Singapore has broadened its regulatory framework to encompass the custody of tokens and additional firms involved in fund transfers.
KuCoin Witnesses $1B In Withdrawals As Exchange Is Accused Of Money Laundering: 'SEC Trying To Protect Us From Making Money?' Questions Trader
KuCoin withdrew $1 billion in crypto in 24 hours and lost 20% of assets, accused of money laundering. This raises concerns about exchange regulations.
Cybercriminals Are Employing New Tactics To Launder Money, Warns Report
Cybercriminals are increasingly using cross-chain bridges to launder money, with one report from Chainalysis highlighting a significant surge in such activities.
US Arrests Key Figure Behind Defunct BTC-e Exchange In Latvia On Money Laundering Charges Totaling $4B
Aliaksandr Klimenka, a central figure in the dismantled BTC-e cryptocurrency exchange, has been apprehended and indicted by U.S. authorities for his supposed role in several illegal activities.
From Casinos To 'Slaves': UN Report Details Tether's Role In Organized Crime
Tether (CRYPTO: USDT) plays a critical role in facilitating a "parallel banking system" utilized by organized crime groups.
Smart Contract Security Nightmare: $12M Disappears, Nirvana Finance Attacker Pleads Guilty
In a landmark case for the cryptocurrency industry, Damian Williams, the U.S. Attorney for the Southern District of New York, has announced the guilty plea of Shakeeb Ahmed, who hacked DeFi protocol Nirvana Finance and one other cryptocurrency exchange.
JPMorgan CEO Calls For A Shut Down Of Bitcoin And The Crypto Industry: Here's How Social Media Mocked Him
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon reiterated on Wednesday his long-standing opposition to Bitcoin (CRYPTO: BTC) and other cryptocurrencies, going so far as to suggest the
Binance's $4B Crypto Debacle With DoJ Could Result In CEO Facing Charges: Report
The U.S.
How Did A Trio Pull Off A $10M Bank Fraud Using Crypto?
In a major crackdown, the FBI arrested three persons for allegedly orchestrating a complex $10 million bank fraud scheme.
Taiwan Aims To Offset Crypto-Related Money Laundering Schemes With New Bill
The Electronic Investigation Team of the Criminal Bureau in Taiwan has nabbed an individual suspected of laundering a record $320 million through digital assets, making it the largest single case of crypto-related money laundering in Taiwan.
Crypto Space Gets A Boost With European Banking Authority And ESMA's Proposed Regulations
The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have jointly rolled out a consultation paper, outlining draft guidelines on the suitability assessment of members of the management body of issuers of asset-referenced tokens (ARTs), commonly known as stablecoins, and
Could Crypto Firms To Play Jurisdiction 'Roulette' Under EU's MiCA Regulation?
The European Union's regulatory body expressed concerns over the potential for global cryptocurrency firms to exploit regulatory discrepancies among member states.
Bitfinex, Zodia Custody Hope To Set New Standards For Institutional Crypto Trading
Crypto exchange Bitfinex is partnering with digital asset custodian Zodia Custody. What Happened: The agreement will allow Zodia's clientele to execute trades on Bitfinex while ensuring their assets are maintained via Interchange, an off-exchange settlement solution.
Taiwan Regulators Unveil 'Guiding Principles' To Regulate Digital Assets, Crypto
In a bid to streamline the burgeoning digital currency landscape, Taiwan's Financial Supervisory Commission (FSC) has rolled out a comprehensive set of guidelines.
Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
OneCoin Mastermind To Spend 20 Years In Prison For $4B Crypto Fraud
Karl Sebastian Greenwood, co-founder of the infamous OneCoin cryptocurrency, has been sentenced to 20 years in prison for his role in orchestrating one of the largest cryptocurrency fraud schemes in history.
Crypto Exchange Founder Gets One Of History's Longest Jail Sentences — 11,196 Years Behind Bars
A Turkish court sentenced Faruk Fatih Ozer, the former head of the Thodex cryptocurrency exchange, to a staggering 11,196 years behind bars.
Tornado Cash Founders Indicted For $1B Crypto Laundering — 1 Arrest, 1 At Large
The founders of Tornado Cash, Roman Storm and Roman Semenov, have been indicted for allegedly operating a cryptocurrency mixer that laundered more than $1 billion, including funds from the notorious
Bitget Cracks Down On Fraud And Money Laundering With New KYC Requirements
Bitget will soon require new users to undergo level 1 KYC (Know Your Customer) verification. Starting Sep. 1, users will have to provide an identification document, such as a passport, and undergoing facial recognition. Current users are given until Oct. 1 to fulfill this requirement.
Hackers From North Korea Stole Over $180M In Crypto Within 6 Months: Report
Singapore's National Intelligence Service (NIS) is reporting that North Korean hackers have illicitly acquired over $180 million in cryptocurrency in the first half of 2023 alo
Singapore Police Seize Over $700M In Cryptocurrency Tied To Money Laundering Probe
Singapore's law enforcement detained 10 individuals, predominantly holding Chinese passports, on allegations of money laundering, capturing assets valued around S$1 billion ($735 million), which encompassed cryptocurrencies.<
Lawsuit Targets VCs Sequoia, SoftBank And Others For 'Aiding & Abetting' FTX Sham
Several venture capital firms — including Menlo Park, California-based Sequoia Capital, Singapore's Temasek Holdings, Japan's SoftBank Group of Japan, and Hong Kong's Sino Global Capital — face a class action lawsuit due to their alleged involvement

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