Moneylaundering
Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering
The Paris Court remained upheld of five-year imprisonment for BTC-e operator Alexander Vinnik. Still, it exempted him from a fine of 100,000 euros to consider that Vinnik was unable to pay the fine.
FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard
The UK’s Financial Conduct Authority has disclosed that many crypto firms are withdrawing their applications to register with the agency.
Binance Reportedly Faces Investigations from Top US Federal Agencies
The IRS and the DOJ are reportedly probing Binance over tax and money laundering offences.
South Korea’s Financial Watchdog to Stamp Out Illegal Crypto Activities
South Korea’s financial watchdog, the Financial Supervisory Service and the Finance Ministry, has teamed up with various financial authorities to crack down on illegal crypto activities.
Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion
Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.
French Finance Minister Praises Blockchain, but Condemns Cryptocurrency
French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.
First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.
US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.
Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.
Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.