Cryptonews Tags anti-money laundering

# anti-money laundering (Page 2)

Digitex Founder Pleads Guilty to Failure in Anti-Money Laundering Program Implementation

Former CEO Adam Todd pleaded guilty to causing Digitex Futures to fail to establish and implement an anti-money laundering program.

, by Hassan Shittu

AI Could Detect Money Laundering on Bitcoin Blockchain: Elliptic Report

Researchers from blockchain forensic firm Elliptic, IBM Watson and MIT have together made advances in using artificial intelligence (AI) to identify money laundering on the Bitcoin blockchain. A recent report released Wednesday by Elliptic revealed that the researchers used deep learning model...

, by Sujha Sundararajan

Top Chinese Law Firm Analyzes Digital Yuan AML Challenges

China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan. JunHe’s Partner Chen Xin recently co-authored and published The Anti-Money Laundering Challenges and Opportunities of the Digital Yuan, an article that analyzes...

, by Hongji Feng

Armenian Officials Trained on Essential Techniques and Tools for Effective Crypto-Crime Investigations

A group of Armenian officials from various law enforcement agencies have been trained on crypto-asset investigations to combat crypto-related crimes.

, by Ruholamin Haqshanas

EU Introduces New Anti-Money Laundering Regulation: Here’s What it Means to Crypto

The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs). The laws would provide more powers to Financial Intelligence Units (FIUs) to detect and combat money laundering and terrorist financing. Per a...

, by Sujha Sundararajan

US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering

American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money-transmitting business. In an announcement, U.S. authorities said Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been found guilty of allegedly executing...

, by Tanzeel Akhtar

Indonesian President Cautions Against Crypto in Money Laundering Risks

The President of Indonesia Joko Widodo has raised concerns over the use of cryptocurrencies in money laundering. According to a recent report by Antara, President Widodo highlighted the alarming volume of illicit financial flows during his address at the 22nd Anniversary of the National Movement...

, by Hongji Feng

Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets

An industry expert, on Sunday, has ‘debunked’ claims that the European Union has banned anonymous crypto wallets and transactions. On Saturday, reports spread across the industry, claiming that the EU’s recent anti-money laundering (AML) law specifically targets banning...

, by Sujha Sundararajan

UK Woman Found Guilty of Laundering $2.5B in Bitcoin

A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of bitcoin for a Chinese fugitive. Jian Wen, a 42 year old British citizen has been found guilty for money laundering on behalf of a Chinese woman called Yadi...

, by Tanzeel Akhtar

Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case

Roman Sterlingov, founder of Bitcoin Fog, a major crypto-mixing service, has been convicted of money laundering in a United States District Court. In a verdict on Tuesday, Roman Sterlingov, 35, was found guilty of multiple charges, including money laundering, money laundering...

, by Ruholamin Haqshanas

Senior U.S. Military Airman and Cyber Analyst Charged with Money Laundering for NFT “Rug Pull” Scheme

Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, according to a February 23 statement from U.S. Immigrations and Customs Enforcement (ICE). Devin Alan Rhoden (a.k.a...

, by Julia Smith

Crypto Money Laundering Dropped Almost 30% in 2023: Chainalysis

Illicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis' newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9% as...

, by Julia Smith

China to Revise AML Law to Address Risks Associated with Virtual Assets

China is set to revise its outdated Anti-Money-Laundering (AML) law in a bid to tackle the increasing risks associated with virtual assets. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Qiang, will soon undergo review by the national legislature,...

, by Ruholamin Haqshanas

Digitex CEO Charged for Illegally Operating Crypto Futures

Digitex crypto futures exchange CEO Adam Colin Todd willfully failed to include adequate anti-money-laundering (AML) program, Florida federal court alleged. The US Attorney’s Office for the Southern District of Florida said in a statement Tuesday that the offender “willfully caused Digitex...

, by Sujha Sundararajan

U.S. Treasury Department Highlights Increasing Use of Crypto by Criminals in 2024

The U.S. Department of the Treasury has releasedits 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, outlining the most significant threats facing the United States in illicit finance.The reports detail updates to the anti-money laundering...

, by Hassan Shittu

China Gears Up for Updated Crypto AML Laws: Report

China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on...

, by Sujha Sundararajan

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