07.19.21

Ethereum Co-Founder Anthony Di Iorio to Sell Decentral and Cut Major Ties to Cryptocurrency

Anthony Di Iorio will be severing his major ties to the cryptocurrency industry and selling his current venture Decentral to start a philanthropic foundation in the next year, the Ethereum co-founder told CoinDesk in a phone interview.



07.19.21

In Sting Operation, US Arrests Major Money Launderers

Three men accused of laundering millions of dollars on behalf of transnational organized crime and drug traffickers have been arrested and charged in the U.S., the Department of Justice revealed in a statement on Wednesday.



07.19.21



07.19.21

Hong Kong busts $150m crypto money-laundering ring

Hong Kong's Customs and Excise Department yesterday arrested four men over alleged money-laundering using cryptocurrency.



07.19.21

FATF review of India's anti-money laundering, terror financing regime postponed again to 2022

The wide spectrum of offences from wildlife smuggling to use of smart electronic tools to generate black money being probed by Indian agencies will be part of the dossier



07.16.21

Hong Kong police arrest four over alleged $155 million Tether money laundering scheme

Hong Kong customs authorities have arrested four people in connection with a suspected $155 million money laundering scheme using the cryptocurrency Tether.



07.16.21

Key tips to protect yourself from digital financial fraud

Sonu received some SMS messages on his cell phone that ended up resulting in a loss of nearly Rs. 20,000.



07.16.21

Bitcoin Daily: Binance Shut Out Of Italy; PayPal Raises Cryptocurrency Limits

Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country's market watchdog, Consob, Reuters reported.



07.16.21

College's CFO Accused of Fraud With $10M Gift

Wyoming Catholic College had planned to use a $10 million gift from an anonymous donor - the largest in its history - to fund a campus expansion before allegations of fraud levied against the college's chief financial officer raised doubts about the origins and legality of the donation, the National Catholic Register reported.



07.16.21

Former New Port Richey Resident Sentenced To More Than Five Years In Connection With Consumer Fraud Schemes

U.S. District Judge Virginia Hernandez Covington has sentenced Lori Owen, a/k/a Lori Corrigan (50, Holiday), to five years and three months in federal prison for conspiracy to commit bank, wire, and mail fraud.



07.15.21

Anhui becomes latest Chinese province to root out cryptocurrency mining

Anhui, in eastern China, has become the latest province to announce a sweeping ban on cryptocurrency mining, saying the move will help ease an acute power shortage over the next three years.



07.15.21

Las Vegas indictment targets international drug trafficking ring

Federal authorities announced on Wednesday that six people, including two from Las Vegas, have been indicted in connection with an international drug trafficking ring and money laundering conspiracy.



07.15.21

The Laundromat: Hezbollah's Money-Laundering and Drug-Trafficking Networks in Latin America

On January 6, 2021, the Gulf news network Al Arabiya published an explosive revelation.



07.15.21

Executive of International Factoring Company Indicted for $30 Million Fraud

An indictment was returned in federal court in Brooklyn yesterday charging Pushpesh Kumar Baid, also known as "PK Jain," with wire fraud conspiracy and aggravated identity theft relating to a scheme to defraud investors in an international factoring company (the "Company") of more than $30 million.



07.15.21

3 charged in financial crimes against vulnerable adult

Three people in Alabama have been arrested on charges related to the theft of $9 million from a resident of an assisted living facility, the state attorney general said Wednesday.



07.14.21

Twitch Streamers Rake in Millions With a Shady Crypto Gambling Boom

The company says it is "closely monitoring gambling content" but legal experts told WIRED that some promotions may be illegal.



07.14.21

London Money Laundering Raid Nets Almost $250 Million in Bitcoin

London's Metropolitan police seized nearly ?180 million ($248,993,100) of bitcoin on Saturday as part of a money laundering investigation.



07.14.21

Chinese money launderers team up with Mexican cartels to profit billions from US fentanyl crisis

Chinese money launderers and fentanyl-makers have gone into business with Mexican drug cartels, teaming up to make billions of dollars a year trafficking the powerful opioid that is killing thousands of people in the United States.



07.14.21

Wives of Chicago twins who cooperated against El Chapo plead not guilty to money laundering charges

The wives of Chicago twins who cooperated against Sinaloa cartel kingpin Joaquin "El Chapo" Guzman pleaded not guilty Tuesday to money laundering charges alleging they helped hide and spend hundreds of thousands of dollars of their husbands' drug proceeds over more than a decade.



07.14.21

UAE Banks Federation discuss financial crime countermeasures with US Treasury official

A high-level delegation of UAE Banks Federation (UBF) Compliance Committee, led by UBF Director-General Jamal Saleh, held a meeting with Mr. Paul Ahern, Principal Deputy Assistant Secretary, US Department of Treasury, to discuss issues relating to financial crime compliance as well as elaborate on the progress of measures aimed at combating money laundering and terrorist financing.



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